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The Skydance Vision for a New Paramount: Cash Injection, ‘Stability’ for Creatives and Tech Savvy
Skydance and RedBird Capital set first-blush intentions for a new Paramount.
The vision for a combined Skydance – tech scion David Ellison ’s production entity behind franchises like “Mission: Impossible” – and Paramount Global has been reported in dribs and drabs over months of a dramatic deal (which only weeks ago was formally off). New Paramount, the working title for the merged companies, “will be a premier, creative-first destination for storytellers, dedicated to top-quality content and will be positioned to improve profitability, foster stability and independence for creators, and enable more investment in growth areas,” the announcement said. “As one of the iconic media brands and libraries in Hollywood, Paramount has the intellectual property foundation to ensure longevity through this evolution – but it will require a new generation of visionary leadership together with experienced operational management to navigate this next phase,” Cardinale said.
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