Skydance has acquired Paramount and will announce layoffs during the financial presentation on November 10, under the leadership of the new CEO David Ellison.
Lara Maior
Current Affairs
MATTHIAS BALK / AFP / Profimedia
Always see our news on Google
Skydance completed the acquisition of Paramount in August, and the company's executives announced that layoffs will be communicated during the financial results presentation on November 10. The new CEO, David Ellison, aims to accelerate the company's technological transformation and achieve synergies of at least $2 billion. The new conglomerate includes Skydance studios, known for the 'Mission: Impossible' and 'Transformers' franchises, as well as Paramount films, the Paramount+ streaming platform, and the CBS, MTV, and Nickelodeon television channels. David Ellison, like his father, Larry Ellison, the founder of Oracle, is a supporter of President Donald Trump, who approved the acquisition after a year-long wait. The company has not yet provided details about the exact number of layoffs.
Sources
Latest News
16:24
Dragoș Pîslaru warned that amendments to the decarbonization legislation could block payment requests from the PNRR and could lead to losses of billions of euros.
16:09
A former FBI agent with 'Top Secret' access has admitted to accessing FBI systems to steal digital funds.
15:58
Ford, clarifications following Ilie Bolojan's statements regarding the halt of production: "Currently, no production activity is taking place due to the usual summer vacation."
15:48
Turkish commercial ships attacked with drones in the Black Sea. Ankara condemns the incidents.
15:45
The Ministry of Finance is preparing for the Moody's evaluation, after maintaining the rating from Fitch.
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
