Paramount Pictures, now a part of the Skydance Corporation, officially launched its new chapter today. The combined entity brings together more than a century of iconic storytelling with the innovative spirit of a 15-year-old studio born in the digital era.
The vision for Paramount, under the leadership of Chairman and CEO David Ellison, involves investing in high-quality storytelling, cutting-edge technology, and strategic partnerships to drive growth and impact. Key strengths include:
* A world-class content library and globally recognized brands
* A powerful creative engine enhanced by Skydance’s acclaimed portfolio and expertise
* A fast-growing direct-to-consumer (DTC) offering with a focus on premium, exclusive content
* Dynamic partnerships with sports leagues like the NFL and UEFA
* CBS – America’s most-watched broadcast network in primetime for 17 consecutive seasons
* CBS News – home to 60 Minutes and a legacy of impactful reporting
To achieve its ambitions, Paramount will focus on three main priorities:
1. Investing in growth businesses anchored by creative engines and superior storytelling
2. Scaling the DTC business globally
3. Driving efficiency enterprise-wide with a focus on long-term free cash flow generation
The company plans to reengineer its operations to streamline strategic decision-making, drive innovation, and reduce costs. Key initiatives include:
* Creating three business units: Studios, Direct-to-Consumer, and TV Media
* Transitioning the entire enterprise to a single technology platform
* Empowering creative partners with cutting-edge tools and technologies
As Paramount embarks on this new chapter, it remains committed to its stakeholders, including team members, consumers, creative partners, news partners, investors, and shareholders. The company’s core values will guide all decisions, prioritizing trust, facts, and long-term value.
The years ahead promise both challenges and opportunities. With a strong foundation of creative excellence, cutting-edge technology, and disciplined stewardship, Paramount is poised to make the most of the possibilities ahead.
Source: https://www.paramount.com/news/david-ellison-ceo-letter-merger-2025