Paramount Skydance

Paramount Skydance Corporation (doing business as Paramount) is an American multinational mass media and entertainment conglomerate. The company’s primary corporate headquarters is located at the Paramount Pictures lot in the Hollywood neighborhood of Los Angeles, California, & Paramount’s secondary & operational headquarters, alongside many of Paramount's divisions and subsidiaries, as well as one of Paramount's major offices and meeting places is headquartered at the previous Paramount Global headquarters at One Astor Plaza in New York City. CBS, a major Paramount asset, is also headquartered in New York City, but at the CBS Building and the CBS Broadcast Center both in Midtown Manhattan. Paramount Skydance also houses major offices and operations at the previous Skydance Media headquarters in Santa Monica, California.

Paramount Skydance was formed on August 7, 2025, by David Ellison, through the merger of Paramount Global, National Amusements, and Skydance Media. The company trades under the ticker symbol "PSKY" on the Nasdaq.

The evaluation of the Paramount Skydance merger by U.S. regulators was affected by Donald Trump becoming president for a second term. At the time, Trump was in an on-going lawsuit with CBS, one of Paramount's properties, alleging that CBS News's reporting amounted to election interference; lawyers widely described the lawsuit as baseless. However, in an extraordinary move, Paramount paid $16 million to settle the CBS-Trump lawsuit in July 2025 to ensure that the FCC, headed by a Trump loyalist, wouldn't block the merger. Paramount also chose to not renew The Late Show with Stephen Colbert after Colbert referred to the settlement on-air as a "big fat bribe". After the merger went through, David Ellison made conservative-friendly changes to CBS News, including hiring conservative political commentator Bari Weiss as its editor-in-chief. Trump praised the decisions to hire Weiss and to cancel The Late Show.