David Ellison's Skydance will acquire Shari Redstone's majority stake in National Amusements, which would secure control of Paramount, the owner of Paramount film and TV studios, Paramount+, CBS, and cable channels like Nickelodeon, MTV, and Comedy Central.
The Paramount-Skydance deal involves Skydance Media acquiring Shari Redstone's majority stake in National Amusements, which controls Paramount Global. This would give Skydance control of Paramount's film and TV studios, Paramount+, CBS, and cable channels like Nickelodeon, MTV, and Comedy Central. The transaction values New Paramount at an enterprise value of approximately $28 billion.
Paramount controls various assets, including Paramount Pictures, CBS, MTV, Nickelodeon, Comedy Central, BET, Paramount+, and Pluto TV. Additionally, the company owns 13 TV stations not affiliated with CBS and is considering selling the Paramount lot and leasing it back.