# Skydance Media
> Skydance · PSKY · 2900 Olympic Blvd, Santa Monica, California
- Profile type: Company
- Profile status: baseline
- Last updated: 2026-05-03T00:00:00.000Z
- Canonical URL: https://thestateofstreaming.com/companies/skydance-media/
- Also known as: Skydance, Skydance Productions, Skydance Media LLC, Paramount Skydance, Paramount Skydance Corporation, New Paramount, Paramount, a Skydance Corporation, PSKY
## Summary
Skydance Media is the David Ellison-founded studio that merged with Paramount Global on August 7, 2025 to form Paramount Skydance Corporation (NASDAQ: PSKY). Skydance is the surviving entity wrapping Paramount Global; Harbor Lights (Ellison family) holds 100% of Class A voting stock. Paramount Skydance announced an all-cash deal February 27, 2026 to acquire Warner Bros. Discovery for $31/share; WBD shareholders approved April 23, 2026, targeted Q3 2026 close.

## Company facts

- Ticker: PSKY
- Founded: 2006
- Headquarters: 2900 Olympic Blvd, Santa Monica, California
- Domain: skydance.com
- CEO: david ellison (https://thestateofstreaming.com/people/david-ellison/)


## Latest metrics

- Revenue: $29.213B (FY 2025, partial-year basis post Aug. 7 close)
- 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

- 2026-02-25 — 10-K: Paramount Skydance Corporation's first Annual Report on Form 10-K as successor issuer to Paramount Global, covering fiscal year ended December 31, 2025. Discloses three operating segments (TV Media, Direct-to-Consumer, Filmed Entertainment) restructuring to TV Media, Direct-to-Consumer, and Studios in Q1 2026; Harbor Lights (Ellison-controlled) holds 100% of Class A voting stock; CEO-to-median pay ratio 1,109:1. (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0002041610&type=10-K&dateb=&owner=include&count=10)
- 2025-08-07 — 8-K12B: Closing 8-K12B for Paramount Skydance Corporation (CIK 2041610) succeeding Paramount Global as the SEC-reporting registrant. Documents Skydance/National Amusements/Paramount three-way merger consideration ($23/share Class A, $15/share Class B), share-conversion mechanics, and PARA Nasdaq delisting on August 6, 2025. (https://www.sec.gov/Archives/edgar/data/2041610/000119312525175046/d841914d8k12b.htm)
- 2025-08-07 — 8-K (PARA legacy): 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 under the legacy CIK. (https://www.sec.gov/Archives/edgar/data/813828/000119312525175027/d52142d8k.htm)


## Key facts

- Skydance Media was founded by David Ellison in 2006 (formal launch in August 2010 with $350M in equity and credit alongside a five-year Paramount Pictures co-financing agreement signed in fall 2009) and is headquartered at 2900 Olympic Blvd, Santa Monica, California. — Skydance Media corporate site: https://skydance.com/about/
- On August 7, 2025, Skydance Media and National Amusements completed their merger with Paramount Global, with Paramount Global and Skydance becoming wholly owned subsidiaries of Paramount Skydance Corporation (NASDAQ: PSKY); Harbor Lights, controlled by the Ellison family, holds 100% of the new Class A voting stock. — SEC Form 8-K12B (Paramount Skydance Corporation): https://www.sec.gov/Archives/edgar/data/2041610/000119312525175046/d841914d8k12b.htm
- The Skydance-Paramount transaction closed at roughly $8 billion in total Ellison-family and RedBird Capital Partners equity (RedBird contributed approximately $1.8 billion), valuing the combined New Paramount at an enterprise value of about $28 billion and Skydance itself at $4.75 billion. — Sullivan & Cromwell (RedBird's transaction counsel): https://www.sullcrom.com/About/News-and-Events/Highlights/2024/July/SC-Advises-RedBird-Capital-Partners-8-Billion-Agreement-Form-New-Paramount
- Tencent acquired a 5%–10% minority stake in Skydance Media in January 2018; RedBird Capital Partners and Korea's CJ ENM took strategic stakes in February 2020, with RedBird subsequently leading the equity structure of the 2025 Paramount transaction. — Skydance Media corporate history: https://en.wikipedia.org/wiki/Skydance_Media
- Skydance operates seven branded divisions that continue under Paramount Skydance: Skydance Pictures (film), Skydance Television (now folded into the relaunched Paramount Television Studios), Skydance Animation (including Skydance Animation Madrid), Skydance Sports (under Paramount Sports Entertainment), Skydance Interactive, Skydance New Media, and Skydance Games. — Skydance Media corporate site: https://skydance.com/about/
- Paramount Skydance Corporation reported full-year 2025 total revenue of $29.213 billion (down 3% on a pro forma basis YoY, reflecting partial-year ownership from the August 7, 2025 close) and filed its first 10-K as the SEC-reporting registrant on February 25, 2026 for the fiscal year ended December 31, 2025. — Paramount Investor Relations — Q4 and Full-Year 2025 earnings release: https://ir.paramount.com/news-releases/news-release-details/paramount-reports-fourth-quarter-and-full-year-2025-financial/


## Related

- paramount global (wholly owned subsidiary post-merger (close Aug 7, 2025)) — https://thestateofstreaming.com/companies/paramount-global/
- david ellison (Founder, Chairman, and CEO) — https://thestateofstreaming.com/people/david-ellison/
- warner bros discovery (pending acquisition target via Paramount Skydance (announced Feb 27, 2026; WBD shareholder approval Apr 23, 2026)) — https://thestateofstreaming.com/companies/warner-bros-discovery/
- redbird capital partners (Co-equity backer (~$1.8B in Paramount transaction; structural partner on WBD financing)) — https://thestateofstreaming.com/companies/redbird-capital-partners/
- the walt disney company (competitor (Big-4 broadcast and streaming)) — https://thestateofstreaming.com/companies/the-walt-disney-company/
- netflix (competitor (global-content-spend tier; SVOD)) — https://thestateofstreaming.com/companies/netflix/


## External coverage

- Skydance Media: About Skydance (https://skydance.com/about/)
- 2025-08-07 — Paramount Skydance Corporation: Skydance Media and Paramount Global Complete Merger, Creating Next Generation Media Company (https://www.paramount.com/press/skydance-media-and-paramount-global-complete-merger-creating-next-generation-media-company)
- 2024-07-07 — Sullivan & Cromwell LLP: S&C Advises RedBird Capital Partners in $8 Billion Agreement to Form 'New Paramount' (https://www.sullcrom.com/About/News-and-Events/Highlights/2024/July/SC-Advises-RedBird-Capital-Partners-8-Billion-Agreement-Form-New-Paramount)
- 2025-08-09 — Fortune: RedBird Capital's $2 billion power play — Gerry Cardinale and the Paramount-Skydance deal (https://fortune.com/2025/08/09/paramount-skydance-redbird-capital-gerry-cardinale-ellisons/)
- Wikipedia: Merger of Skydance Media and Paramount Global (https://en.wikipedia.org/wiki/Merger_of_Skydance_Media_and_Paramount_Global)
- Britannica Money: Paramount Skydance Corporation — History, Film, TV, & Merger (https://www.britannica.com/money/Paramount-Skydance-Corporation)

## Profile
Skydance Media is the operating-studio surface and surviving holdco brand of what trade buyers now reference as Paramount Skydance. The slug is preserved as the David Ellison-founded entity's permanent address — the lineage that runs from a 2006 single-film co-financing experiment with Metro-Goldwyn-Mayer through the 2009 Paramount Pictures co-finance agreement, the 2018 Tencent stake, the 2020 RedBird and CJ ENM round, and the August 7, 2025 three-way close that wrapped Paramount Global and National Amusements inside it. Coverage from August 2025 forward attributes operating actions to "Paramount Skydance Corporation" or "Paramount, a Skydance Corporation"; this profile tracks the Skydance side of that capital and governance stack — Harbor Lights' 100% Class A voting control, the Ellison family balance sheet, and the seven Skydance-branded divisions that continue to ship product under the new corporate parent.

For ad buyers and the streaming-distribution market, Skydance matters as the governance answer to two questions: who actually controls Paramount Skydance's capital allocation, and what does the Ellison family's stated intent to compete head-to-head with Netflix and Disney mean for Paramount+, Pluto TV, and the Warner Bros. Discovery integration if the pending $110B WBD acquisition closes on its targeted Q3 2026 schedule. The directory tracks Skydance separately from Paramount Global because the cross-references break otherwise — Paramount Global's 2019 ViacomCBS-era lineage is the brand advertisers, regulators, and proxy advisors still reference; Skydance is the holdco that wraps it.

## Tags

- studio
- holdco
- big-media
- NASDAQ
- public
- streaming
- content
- skydance
- paramount-skydance
- psky
- studio-consolidation
- m-and-a
- ellison-family
- redbird-capital

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