Skydance Founder Discusses ‘Culture of Fostering Creativity’ Following Paramount Global Deal By ’s David Ellison says they plan to create a “culture of fostering creativity” following the company’s recent deal with . On Sunday, July 7, 2024, it was officially announced that Paramount Global’s Shari Redstone agreed to sell control of the company to a conglomerate led by Skydance and Gerry Cardinale’s RedBird Capital. According to , the sale, “assuming it is approved by regulators and completed (and assuming a better bid does not emerge), would see Skydance acquire Redstone’s majority stake in National Amusements, which in turn would secure control of Paramount, the owner of the Paramount film and TV studios, Paramount+, CBS, and cable channels like Nickelodeon, MTV and Comedy Central.
” What did Skydance’s David Ellison say about the Paramount Global deal? Speaking to reporters on Monday, July 8, 2024, via , Ellison said of the deal, “Our goal here is to transition the business as Paramount. And that was something that me and Shari discussed early on, and believe that by keeping the assets together and transitioning them through this moment in time, we’ll obviously be able to create significant shareholder value.” He also said during an investor presentation, “We we live in an environment that is so competitive.
Our belief is that you can’t be a ‘B+’ anymore. You have to be an ‘A’ ..
. I think when you create that culture of fostering cr.
