Paramount Global Class B

PARA

Market cap $7.44B

Brian Robbins, who helped grow the Paramount+ streaming service, is stepping down as Paramount Global's co-CEO, according to a memo seen by Reuters on Wednesday, following the completion of its merger with Skydance Media.

The $8 billion Skydance and Paramount Global deal, led by David Ellison, is finally a reality. Ellison plans to revitalize Paramount amid streaming disruption and potential political challenges.

Brian Robbins has made official his departure from the Melrose Lot as co-CEO of Paramount Global and President and CEO of Paramount Pictures and Nickelodeon. Robbins joined Paramount in 2017.

The S&P 500 may get a new member soon.

They are the two largest U.S. companies not in the index, but have been overlooked for inclusion recently.

David Ellison to become Chairman of the Board Future directors comprise world-renowned, accomplished leaders from media, technology,  and global business LOS ANGELES, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Skydance Media today announced the full slate of director designees for Paramount Skydance Corporation (“Paramount”). The directors will be elected and begin serving on the Paramount Board effective at the closing of the proposed merger with Paramount Global (NASDAQ: PARA, PARAA).

David Ellison named his executive leadership team, led by former NBCUniversal boss Jeff Shell.

Tom Ryan, President & CEO, Paramount Streaming, is departing the company following its merger with Skydance Media as the David Ellison company sets it new management team. He will continue to support the team in an advisory role to Cindy Holland and streaming leadership to ensure a smooth and successful transition.

Tom Ryan, President & CEO, Paramount Streaming, is departing the company following its merger with Skydance. He will continue to support the team in an advisory role to Cindy Holland and the Streaming leadership team to ensure a smooth and successful transition, Deadline hears.

In what has been heavily rumored, Paramount Global Co-CEO and President and CEO of Paramount and Nickelodeon, Brian Robbins, is expected to depart the Melrose Lot following Skydance's acquisition of the entertainment conglomerate.