Skydance-Paramount Merger Reveals New Leadership Team

As the $8 billion Skydance-Paramount merger nears completion, Skydance CEO David Ellison will become CEO of the new Paramount Skydance Corp. The reorganized company will have three business segments: studios, direct-to-consumer, and TV media. Jeff Shell will serve as president, Andy Gordon of RedBird Capital as chief operating officer, and George Cheeks will chair the TV media division. Cindy Holland, formerly of Netflix, will head the direct-to-consumer segment, while Skydance’s Dana Goldberg and Josh Greenstein will co-chair Paramount Pictures. Key departures from the leadership team include Tom Ryan, president of Paramount Streaming, and Brian Robbins, Paramount Global Co-CEO. The merger, recently cleared by the FCC, is intended to transform Paramount into a more competitive media and technology hybrid.