Media Merger
Skydance Closes $8 Billion Paramount Deal
Printed
The Skydance-Paramount merger is formally a completed deal — and it’s all taking place as “The Late Show with Stephen Colbert” rolls by means of its ultimate season.
Skydance Media, led by CEO David Ellison, closed its large $8 billion acquisition of Paramount International … cementing one of many largest shake-ups Hollywood’s seen in years.
The finished merger, introduced Thursday, had been months within the making, getting the ultimate thumbs-up from Paramount’s board and surviving a prolonged FCC assessment — and now, it is full steam forward. The corporate started public buying and selling on NASDAQ Thursday morning.
However the timing was controversial — simply weeks earlier, CBS introduced that “The Late Show with Stephen Colbert” would finish in Could 2026. That adopted a $16 million cost from Paramount to settle a lawsuit involving the TV information program “60 Minutes,” which President Donald Trump alleged had deceptively edited an interview with Kamala Harris in her favor throughout final 12 months’s presidential election marketing campaign.
Colbert known as {that a} “bribe” on his present. Days later, Paramount introduced his present wouldn’t be renewed, citing an absence of revenue. One among late night time’s most recognizable voices, Colbert’s hosted “The Late Show” since 2015.
His departure marks a significant shift for CBS — and provides to the rising checklist of modifications beneath the newly merged studio umbrella.
