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Paramount Agrees to Skydance Merger, Marking End to Redstone Era

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Paramount Global, the parent of CBS and MTV, agreed to merge with Skydance Media, handing control of a major Hollywood studio to independent producer David Ellison and ending one of the messiest and most dramatic merger deals in recent history.

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Skydance Media Reaches Preliminary Paramount Merger AgreementIndependent film and TV producer Skydance Media has reached a preliminary agreement to buy Shari Redstone’s National Amusements Inc. and merge with Paramount Global, the parent of CBS and MTV, according to a person with knowledge of the matter.
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