Paramount Global

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.