"Today marks Day One of a new Paramount," David Ellison, new CEO of the merged Skydance and Paramount, said Thursday.

On the first day as the new owner of Paramount, CEO David Ellison insisted that Skydance was "not involved" in the Donald Trump-Paramount settlement, but deflected questions about a potential Skydance side deal made with Trump to run PSAs.

David Ellison's Skydance Media has closed its $8 billion merger with Paramount Global to create new company Paramount, a Skydance Corporation, the company announced Thursday. The finalization of the acquisition follows the FCC’s July 24 approval of the deal,

David Ellison as CEO and former NBCUniversal boss Jeff Shell as president are running the combined Hollywood company, looking for opportunities for investments in growth and cost reductions.

Longtime Ellison lieutenant Dana Goldberg will run Paramount Pictures with former Sony executive, Josh Greenstein. Only one senior Paramount executive, George Cheeks, will remain after this week's Skydance takeover.

Skydance and Paramount officially closed their $8 billion merger on Thursday — kicking off the reign of a new entertainment giant after a contentious, over year-long endeavor to get the transaction ov

Paramount Global and Skydance Media completed their $8.4 billion merger on Thursday, capping a drawn-out deal process marked by political scrutiny and shareholder concerns.

The media company owned by David Ellison announced the deal over a year ago, but only received FCC approval in July.

We are in the midst of a generational change in our industry — and we understand Paramount has faced its own significant challenges, compounded by the reality of a merger pro

Skydance Media and Paramount Global completed their $8 billion merger as the FCC continues investigating CBS News for alleged news distortion in a Kamala Harris interview