A New Chapter in Entertainment

In a landmark deal, Paramount Global and Skydance Media have officially completed their $8 billion merger, heralding the birth of Paramount Skydance Corporation. This new entity is set to redefine the global media and entertainment landscape.

Trading Begins

The excitement was palpable as the new company's Class B shares made their debut on the Nasdaq under the symbol PSKY, marking a significant milestone in the corporate evolution of both companies.

Leadership's Vision

David Ellison, the CEO of the newly formed Paramount Skydance Corp., shared his ambitious vision: "Our goal is to blend Paramount's storied legacy with innovative approaches to content creation and distribution, ensuring we remain at the forefront of entertaining global audiences and delivering value to our shareholders."

Market Response

Investors showed confidence in the merger, with Paramount Skydance Corp.'s stock experiencing a slight uptick of 0.09%, trading at $11.05 per share at 11:24 am ET.