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Skydance Chief David Ellison Says Paramount Must “Not Be Paralyzed” During Long Run-Up To Merger Close; Asset Sales Can Continue In Interim
Skydance CEO David Ellison said Paramount Global must "not be paralyzed" during the runup to closing its merger with Skydance.
Jeff Shell, the chairman of sports and media for Skydance backer RedBird Capital and future president of Paramount Global, fielded a similar question during a call earlier Monday with investors. While no specific assets were called out by execs, the company has been in talks with potential buyers of BET and had already been taking a closer look at a number of properties, including ad-supported streaming outlet Pluto TV. George Cheeks, Chris McCarthy and Brian Robbins, all high-level Paramount execs for the past several years, were elevated to the Office of the CEO after the ouster of Bob Bakish last April.
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