Skydance Corp (SKYD)

Paramount Skydance Corporation is a global media and entertainment company whose portfolio includes Paramount Pictures, Paramount Television, CBS, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV and Skydance's animation, interactive/games and sports divisions. The company was formed to complete the August 2025 transactions in which Skydance and Paramount Global became wholly-owned subsidiaries, and entities controlled by the Ellison Family indirectly hold about 77.5% of its Class A common stock through Harbor Lights Entertainment. In December 2025 it launched a cash tender offer for all Warner Bros. Discovery Series A common stock, later raised to $31.00 per share in a revised proposal. It has secured commitments for up to $57.5 billion of debt financing and $46.6 billion of equity.

In 2025 the company reported three segments. TV Media includes the CBS Television Network, 29 owned CBS broadcast stations, international free-to-air networks (Network 10 in Australia and Channel 5 in the U.K.), cable networks such as Nickelodeon, MTV, Comedy Central, BET, CMT and Paramount+ with SHOWTIME, and the television studios CBS Studios, Paramount Television Studios and CBS Media Ventures, which syndicates programming. Its revenue comes mainly from advertising, affiliate and retransmission fees, and content licensing. Direct-to-Consumer comprises the Paramount+ subscription service, the free ad-supported Pluto TV and the BET+ service, earning advertising and subscription revenue. Filmed Entertainment covers Paramount Pictures, Skydance's divisions, Paramount Animation, Nickelodeon Studios and Miramax, a joint venture with beIN Media Group. Its revenue comes mainly from theatrical release and licensing of film and television content. In the first quarter of 2026 the company moved to TV Media, Direct-to-Consumer and Studios, with Studios combining Filmed Entertainment and the TV studio operations.

The company serves audiences, advertisers and distributors worldwide. Its customers include advertisers, cable and satellite distributors (MVPDs), affiliated and third-party television stations, streaming subscribers, theatrical exhibitors and licensees of its film and television content. Programming includes NFL games, the NCAA men's basketball tournament, the PGA Tour, UEFA Champions League and UFC events. Its owned stations are in the five largest and 15 of the top 20 U.S. television markets. Its content also targets kids and families, youth, and Black audiences.

The company's principal offices are at 1515 Broadway, New York, and its Class B common stock trades on Nasdaq as PSKY. It had about 17,600 employees in 30 countries at the end of 2025, plus about 3,600 project-based staff. It distributes films domestically itself and internationally through affiliates, United International Pictures (a joint venture with Universal) or third parties. It competes with broadcast and cable networks, streaming services, studios, production companies and other entertainment options for audiences, advertisers, creative talent, intellectual property and distribution. It is regulated by the FCC and by foreign regulators such as Ofcom and ACMA.