# Paramount Global
> Paramount · PSKY · Los Angeles, California (Paramount Skydance); One Astor Plaza, 1515 Broadway, New York (legacy operations)
- Profile type: Company
- Profile status: baseline
- Last updated: 2026-04-26T00:00:00.000Z
- Canonical URL: https://thestateofstreaming.com/companies/paramount-global-2/
- Also known as: Paramount, Paramount Skydance, Paramount Skydance Corporation, Paramount, a Skydance Corporation, ViacomCBS, Viacom, CBS, PARA, PSKY
## Summary
Paramount Global is the legacy ViacomCBS brand; since the August 7, 2025 close of the Skydance merger, the operating public entity is Paramount Skydance Corporation (NASDAQ: PSKY), led by CEO David Ellison. Owns Paramount+, Pluto TV, CBS, MTV, Nickelodeon, BET, Paramount Pictures, and CBS Sports. Entered an all-cash agreement to acquire Warner Bros. Discovery on February 27, 2026; WBD shareholders approved 99% to 1% on April 23, 2026.

## Company facts

- Ticker: PSKY
- Founded: 2019
- Headquarters: Los Angeles, California (Paramount Skydance); One Astor Plaza, 1515 Broadway, New York (legacy operations)
- Domain: paramount.com
- CEO: david ellison (https://thestateofstreaming.com/people/david-ellison/)


## Latest metrics

- Revenue: $8.15B (Q4 2025); ~$30B 2026 guidance
- Subscribers: Paramount+: 79M paid subs (year-end 2025)
- As of: 2026-02-26
- Source: https://ir.paramount.com/news-releases/news-release-details/paramount-reports-fourth-quarter-and-full-year-2025-financial/


## Recent filings

- 2025-08-07 — 8-K12B: Closing 8-K12B for Paramount Skydance Corporation succeeding Paramount Global as the SEC-reporting registrant; details merger consideration ($23/share Class A, $15/share Class B), share-conversion mechanics, and delisting of legacy PARA from Nasdaq on August 6, 2025. (https://www.sec.gov/Archives/edgar/data/2041610/000119312525175046/d841914d8k12b.htm)
- 2025-08-07 — 8-K (PARA): Final Paramount Global 8-K reporting consummation of the New Paramount Merger, the Blocker Contribution and Exchange, and the Skydance Merger; PARA delisted and Form 15 filed to terminate SEC reporting. (https://www.sec.gov/Archives/edgar/data/813828/000119312525175027/d52142d8k.htm)
- 2026-02-26 — Earnings release (Q4 2025): Q4 2025 revenue $8.15B (+2% YoY), DTC revenue +10% YoY, Paramount+ reaches 79M subscribers; first full-quarter print under Paramount Skydance ownership. 2026 guidance: ~$30B revenue, $3.8B adj. EBITDA. (https://ir.paramount.com/news-releases/news-release-details/paramount-reports-fourth-quarter-and-full-year-2025-financial/)


## Key facts

- Paramount Global began trading as Paramount Skydance Corporation (NASDAQ: PSKY) on August 7, 2025, when Skydance Media's transaction with Paramount Global closed; legacy PARA Class A and Class B shares were cashed out at $23 and $15 per share or exchanged for new equity, and Paramount notified Nasdaq of delisting on August 6, 2025. — SEC Form 8-K12B (Paramount Skydance Corporation): https://www.sec.gov/Archives/edgar/data/2041610/000119312525175046/d841914d8k12b.htm
- Paramount Global was created on December 4, 2019 via the merger of CBS Corporation and Viacom (initially as ViacomCBS) and rebranded to Paramount Global on February 16, 2022. — Wikipedia (corroborated by SEC filings of the period): https://en.wikipedia.org/wiki/Paramount_Global
- For Q4 2025, Paramount reported revenue of $8.15 billion (up 2% YoY) and Paramount+ ended 2025 with 79 million paid subscribers; the direct-to-consumer segment grew revenue 10% year over year. — Paramount Investor Relations — Q4 2025 earnings release: https://ir.paramount.com/news-releases/news-release-details/paramount-reports-fourth-quarter-and-full-year-2025-financial/
- Paramount Skydance disclosed in an SEC filing on April 24, 2026 that CEO David Ellison's 2025 total compensation was $63.2 million (including a $58.7 million stock award) and former president Jeff Shell's 2025 total compensation was $60.7 million, including the same $58.7 million equity grant. — Variety, citing Paramount Skydance SEC filing: https://variety.com/2026/film/news/paramount-skydance-david-ellison-jeff-shell-pay-2025-compensation-1236730070/
- On February 27, 2026, Paramount Skydance entered an all-cash agreement to acquire Warner Bros. Discovery at $31 per share; WBD shareholders adopted the merger 99% to 1% on April 23, 2026 (1,742,843,087 votes for to 16,260,135 against), with target Q3 2026 close. — WBD 8-K reporting shareholder-meeting results: https://www.sec.gov/Archives/edgar/data/1437107/000119312526173660/d435468d8k.htm
- Paramount Skydance, on behalf of Warner Bros. Discovery, paid Netflix a $2.8 billion termination fee in connection with the February 27, 2026 termination of the Netflix–WBD merger agreement; Netflix recorded the fee in "Interest and other income (expense)" for Q1 2026. — Netflix Q1 2026 10-Q (Note 6): https://www.stocktitan.net/sec-filings/NFLX/10-q-netflix-inc-quarterly-earnings-report-6f0f12e2e192.html
- Paramount opened its 2026 upfront on April 16, 2026 at the Sherry Lansing Theatre on the Melrose lot — its first under Skydance ownership — pitching a "streaming fixed unit" sponsorship product and live in-game programmatic insertion on UFC inventory (launched January 2026), with CBS Sports expansion planned for fall 2026. — Variety: https://variety.com/2026/tv/news/paramount-david-ellison-upfront-skydance-tech-sports-1236724366/
- Reelgood for Business estimated the combined HBO Max plus Paramount+ catalog at roughly 53,000 content hours (against Netflix's roughly 47,500) and the full Paramount-WBD portfolio including Discovery+ and Pluto TV at roughly 131,000 hours, approximately 2.8x Netflix's U.S. catalog. — Reelgood for Business — David Markowitz analysis: https://data.reelgood.com/what-combined-paramount-wbd-content-library-actually-looks-like/


## Related

- warner bros discovery (pending acquisition target (announced Feb 27, 2026; shareholder-approved Apr 23, 2026; Q3 2026 target close)) — https://thestateofstreaming.com/companies/warner-bros-discovery/
- skydance media (parent / merged entity (close Aug 7, 2025)) — https://thestateofstreaming.com/companies/skydance-media/
- netflix (paid $2.8B termination fee on behalf of WBD; competitor in SVOD) — https://thestateofstreaming.com/companies/netflix/
- the walt disney company (competitor (Big-4 broadcast and streaming)) — https://thestateofstreaming.com/companies/the-walt-disney-company/
- comcast corporation (competitor (Big-4 broadcast and streaming)) — https://thestateofstreaming.com/companies/comcast-corporation/
- paramount plus (owns (DTC SVOD/AVOD)) — https://thestateofstreaming.com/products/paramount-plus/
- pluto tv (owns (FAST)) — https://thestateofstreaming.com/products/pluto-tv/
- david ellison (CEO and Chair) — https://thestateofstreaming.com/people/david-ellison/
- jeff shell (former president (2025–April 2026)) — https://thestateofstreaming.com/people/jeff-shell/
- jay askinasi (Chief Revenue Officer) — https://thestateofstreaming.com/people/jay-askinasi/


## External coverage

- Paramount Skydance Corporation: Paramount Investor Relations (https://ir.paramount.com/investor-relations/)
- Paramount Skydance Corporation: Paramount Press Room (https://www.paramount.com/press)
- 2025-10-09 — Paramount Skydance Corporation: Paramount Appoints Jay Askinasi as Chief Revenue Officer (https://www.paramount.com/press/paramount-appoints-jay-askinasi-as-chief-revenue-officer)
- 2026-04-16 — Variety: Paramount Opens 2026 Upfront Under Ellison (https://variety.com/2026/tv/news/paramount-david-ellison-upfront-skydance-tech-sports-1236724366/)
- 2026-04-16 — AdExchanger: Paramount's Upfront Pitch Is About Three Things (https://www.adexchanger.com/tv/paramounts-upfront-pitch-is-about-three-things/)
- 2026-04-13 — UK Competition and Markets Authority: Paramount / Warner Bros. Discovery merger inquiry (https://www.gov.uk/cma-cases/paramount-slash-warner-bros-discovery-merger-inquiry)
- 2026-04-25 — Variety: Paramount Skydance Discloses Ellison ($63.2M) and Shell ($60.7M) 2025 Pay (https://variety.com/2026/film/news/paramount-skydance-david-ellison-jeff-shell-pay-2025-compensation-1236730070/)

## Profile
Paramount Global is the publishing-canonical name for the company now operating as Paramount Skydance Corporation (NASDAQ: PSKY). The slug is preserved because Paramount Global's history as the ViacomCBS-era entity (Dec 4, 2019 – Aug 7, 2025) is still the lineage advertisers, regulators, and proxy advisors reference; "Paramount Skydance Corporation" is tracked separately in the entity registry as the operating-entity surface but resolves to this profile for archival continuity. Coverage published from August 7, 2025 onward should attribute current actions to "Paramount Skydance Corporation" or "Paramount, a Skydance Corporation" on first reference, with PSKY as the active ticker.

The company sits at two simultaneous inflection points. The Skydance close in August 2025 transferred control to the Ellison family (David Ellison as CEO; Larry Ellison's family backing alongside RedBird Capital) and brought a complete ad-sales rebuild — Jay Askinasi (ex-Roku) as CRO and Danielle Carney (ex-Amazon Prime Video live sports) as head of U.S. ad sales — replacing a 17-year Viacom/CBS lineage that ran through John Halley and Jo Ann Ross. The pending Warner Bros. Discovery acquisition, approved by WBD shareholders 99% to 1% on April 23, 2026, would consolidate HBO Max with Paramount+, fold Discovery, TNT, TBS, CNN, Food Network, and HGTV onto an inventory pool with CBS, Nickelodeon, MTV, BET, and Comedy Central, and produce what — per Reelgood's March 2026 estimate — would be a 131,000-hour content library, roughly 2.8x Netflix's U.S. catalog.

The composition is unsettled in two specific ways trade buyers track. The April 24, 2026 SEC disclosure of Ellison's $63.2M and Shell's $60.7M 2025 packages — both anchored by an identical $58.7M equity grant tied to the August 7 close — landed one business day after WBD shareholders refused on an advisory vote to bless David Zaslav's roughly $886M merger-related parachute, putting the executive-comp question in front of proxy advisors at both companies during the integration window. And the UK Competition and Markets Authority's April 13, 2026 invitation-to-comment phase (closing April 27) opens a second-jurisdiction regulatory track on top of California AG Rob Bonta's open investigation, with the FCC explicitly indicating it expects "no role" because WBD owns no broadcast licenses.

## Tags

- paramount
- paramount-skydance
- psky
- big-media
- svod
- fast
- broadcast
- upfronts-2026
- wbd-merger
- skydance-merger

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