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The merger catapults new power players to the top of Hollywood and ends a tortuous process that has lasted well over a year.
"Today marks Day One of a new Paramount," David Ellison, new CEO of the merged Skydance and Paramount, said Thursday.
Ryan Reynolds, Taylor Sheridan and John Krasinski are among the biggest names with first-look deals with Paramount Skydance.
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Paramount Skydance CEO David Ellison: We want to be the most technologically capable media company
CNBC's David Faber sits down with Paramount Skydance chairman and CEO David Ellison to discuss his goals for the company, how ...
The media company owned by David Ellison announced the deal over a year ago, but only received FCC approval in July.
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