Paramount agrees to merge with Skydance, ending monthslong negotiations and Redstone era
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Paramount agrees to merge with Skydance, bringing new ownership to the storied movie studio and CBS broadcast network long controlled by the Redstone family.

Skydance founder David Ellison (son of Oracle founder Larry Ellison) will lead the combined company as CEO, while (RedBird’s Jeff Shell, the former NBCUniversal CEO) will serve as president.