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With the FCC having cleared the Skydance Media-Paramount merger, Paramount Global co-CEO Chris McCarthy will leave the company.
The Larry Ellison family and RedBird Capital Partners are expected to take control of Paramount in the coming days. David Ellison, 42, will serve as chairman and chief executive.
McCarthy became co-CEO of Paramount, alongside George Cheeks and Brian Robbins, in April 2024. The trio took on the role after the ouster of Bob Bakish as the company was in its first round of negotiations with Skydance. McCarthy is also president of Showtime/MTV Entertainment and oversees the company’s streaming platforms Paramount+ and Pluto TV.
The Federal Communications Commission announced on Thursday the approval of a massive, $8 billion acquisition of Paramount Global by Skydance Media.
After an intense, scandal-plagued acquisition, here's what David Ellison gets in Skydance's acquisition of Paramount Global.
South Park” targeted President Trump and Paramount Global in its latest episode this week, poking fun at the president for targeting his enemies and at one point depicting him in bed
Brendan Carr says he's "pleased" with the David Ellison led-studio's commitment to appoint an ombudsman and end DEI at Paramount