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Paramount and Skydance to Merge in Landmark Deal

Terms of the Merger

Skydance, a leading independent entertainment company, will merge with Paramount in an all-stock transaction valuing Skydance at $475 billion. The deal is expected to close in the first half of 2025, subject to regulatory approvals and other customary closing conditions.

Strategic Rationale

The merger brings together two complementary portfolios of assets and capabilities. Paramount will gain access to Skydance's library of popular films and television shows, including the “Mission: Impossible” and “Star Trek” franchises. Skydance, in turn, will benefit from Paramount's global distribution platform and marketing expertise.

Financial Implications

Paramount shareholders will own approximately 70% of the combined company, while Skydance shareholders will own the remaining 30%. The merger is expected to create significant cost synergies, which will be used to invest in new content and growth initiatives.

Industry Impact

The merger is expected to have a significant impact on the entertainment industry. The combined company will create a formidable force in the production and distribution of film and television content. It will also provide creators with a unique platform to bring their ideas to audiences worldwide.

Additional Details

The merger has been unanimously approved by the boards of directors of both Paramount and Skydance. The transaction is subject to customary closing conditions, including regulatory approvals and the approval of Paramount's shareholders. For more information, please contact: Paramount Global Investor Relations ir@paramount.com Skydance Investor Relations ir@skydance.com