The Town with Matthew Belloni
Skydance’s David Ellison on His Plans for Paramount
Jul 8, 2024
Skydance CEO David Ellison and RedBird Capital's Gerry Cardinale talk about the merger of Paramount Global with Skydance Media, future plans for Paramount and Paramount+, the theatrical business, and how tech will shape storytelling. Matt also shares a prediction about the 2024 Summer Olympics.
39:24
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Quick takeaways
- The importance of IP, storytelling, and tech integration in Paramount's future under new leadership.
- Paramount's strategy to leverage art and technology to rejuvenate the media business for long-term success.
Deep dives
Paramount Global Acquisition
Skydance is investing about $8 billion into Paramount Global, acquiring National Amusements, the Redstone family holding company. The deal includes cashing out stockholders at $15-$23 per share, giving control to David Ellison, a young mogul in the industry. Despite initial complications, the deal showcases money's influence in negotiations and the potential for Paramount's rejuvenation under new leadership.
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