After over a yr of hypothesis, Paramount Footage lastly has a brand new proprietor. The century-old film studio will quickly be within the palms of Skydance Media and its traders, together with Paramount’s guardian firm, Nationwide Amusements Inc. Skydance founder and CEO David Ellison will quickly transfer into place as CEO of Paramount as effectively. Former NBCUniversal head Jeff Shell will function president. Paramount owns lots of iconic IPs, those most recognizable to this website being Star Trek, South Park and Spongebob Squarepants. Paramount fell below the possession of tycoon Sumner Redstone in 1987 when he bought Viacom. Viacom now not exists, however Redstone’s daughter Shari now controls 80% of voting shares and promoting the corporate was her choice to make alone. ““Given the modifications within the business, we wish to fortify Paramount for the longer term whereas making certain that content material stays king,” Shari stated on the announcement. “Our hope is that the Skydance transaction will allow Paramount’s continued success on this quickly altering surroundings.” To everybody who would

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