What Paramount Skydance Corporation does

Paramount Skydance Corporation (NASDAQ: PSKY) is a publicly traded diversified media and entertainment conglomerate formed in August 2025 from the $8 billion merger between Skydance Media (founded 2010 by David Ellison) and Paramount Global. The company operates across five content pillars: (1) film and television production through Skydance Television (Grace and Frankie, Foundation, Reacher, Cross, FUBAR) and Paramount Pictures, which is committed to producing 30 theatrical films annually under a minimum 45-day theatrical window; (2) animation through Skydance Animation in Los Angeles and Madrid (Luck, Spellbound, WondLa on Apple TV+ and Netflix); (3) sports content through Skydance Sports with NFL, UFC, NBA, and FIFA partnerships; (4) gaming through the newly launched Paramount Games Studio consolidating Skydance Interactive VR titles and Skydance New Media's Marvel 1943: Rise of Hydra and Star Wars projects; and (5) streaming/distribution anchored by Paramount+ (79.6M subscribers, Q1 2026) and broadcast network CBS, with a planned merger of Paramount+ and HBO Max following the $110–111B acquisition of Warner Bros. Discovery. The technology stack combines content production systems, streaming platforms, theatrical distribution infrastructure, broadcast networks, AAA game development pipelines built on Unreal Engine, and proprietary advertising technology (Streaming Fixed Units integrated with Omnicom/Acxiom/VideoAmp). Business model spans subscription revenue (Paramount+ at $7.99/month, HBO Max at $10.99/month, planned combined ~$19.99/month), advertising (broadcast primetime and streaming), theatrical box office, content licensing to third-party streamers (Netflix, Amazon, Apple), exclusive sports media rights, and one-time video game licenses. The company serves mass-market entertainment consumers, live sports fans, news audiences, and gaming audiences across global markets (US, EMEA, APAC, MENA), with planned expansion targeting ~200M combined streaming subscribers post-WBD merger.

Name

Paramount Skydance Corporation

Legal name

Paramount Skydance Corporation

Website

https://skydance.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Paramount Skydance Corporation is a publicly traded (NASDAQ: PSKY) diversified media conglomerate formed from the 2025 merger of Skydance Media and Paramount Global, operating across film/TV production, animation, sports content, gaming, and the Paramount+ streaming platform (79.6M subscribers), with a pending $110B acquisition of Warner Bros. Discovery.

Ownership category

akta.pro rank

Product category

Media & Entertainment

NAICS

Motion Picture and Video Distribution (51212), Motion Picture and Video Distribution (512120), Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (516210)

SIC

Services-Motion Picture & Video Tape Distribution (7822), Television Broadcasting Stations (4833), Services-Motion Picture & Video Tape Production (7812)

akta.pro primary industry

Pay-TV / Premium Window Distribution (MPADAJAH)

akta.pro secondary industries

Content Licensing (Film/TV, Clips, Stills) (MPADALAA), Subscription, Bundling & Membership Distribution (Game Pass-like, Humble-like) (MPAFABAI)

Keywords

• Premium film production
• Streaming entertainment services
• Sports media rights
• Interactive gaming studios
• Animation production

Headquarters

HQ city

Santa Monica

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Digital Commerce or Content

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Streaming subscriptions (Paramount+ and HBO Max): Subscription-based revenue from combined streaming services; Paramount+ priced at $7.99/month and HBO Max at $10.99/month standalone, with combined service targeting approximately $19.99/month with ads post-merger. Paramount+ reached 79.6 million subscribers in Q1 2026.
2. Advertising (streaming and broadcast): Advertising revenue from Paramount Streaming Fixed Units with dynamic ad sequencing; broadcast primetime ad revenue of $9.1 billion and streaming ad spending of $13.2 billion (industry-wide context); CBS News generated $362 million in advertising revenue in 2025.
3. Theatrical box office: Revenue from theatrical film distribution; merger commits to producing 30 theatrical films annually with minimum 45-day theatrical window; S&P Global noted Paramount's credit will be downgraded to BB due to leverage from $30 billion WBD debt assumption.
4. Content licensing (linear TV, syndication, international): Revenue from content distribution through linear TV networks, international channels, and Paramount Global Content Distribution (handled 'Mighty Mary' international distribution).
5. Sports media rights (UFC, NFL, NBA): Exclusive streaming and broadcast rights revenue from $7.7 billion UFC deal (August 2025) covering 13 numbered events and 30 Fight Nights; CBS NFL deal with $2.1 billion annual fee renegotiated after Skydance-Paramount change-of-control provision triggered.
6. Video game and interactive entertainment: Revenue from AAA game titles including Marvel 1943: Rise of Hydra and VR games such as Skydance's BEHEMOTH; revenue from Paramount Games Studio titles like Teenage Mutant Ninja Turtles: The Last Ronin (with Platinum Games).
7. Consumer products and brand licensing: Revenue from brand licensing including Teenage Mutant Ninja Turtles-themed pizza restaurant, Marvel 1943: Rise of Hydra published by Plaion.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels7 records

Core offering

Paramount Skydance Corporation is a diversified global media and entertainment company that produces, finances, and distributes premium film, television, animation, sports, and interactive gaming content. Following the August 2025 $8 billion merger between Skydance Media and Paramount Global, the company distributes content across owned streaming (Paramount+ with 79.6 million Q1 2026 subscribers, planned merger with HBO Max targeting ~200 million subscribers), theatrical exhibition, broadcast (CBS), cable networks, and third-party streaming platforms. The company also licenses premium sports rights including UFC, NFL, and NBA, and operates in-house game development through Paramount Games Studio.

Product overview

Paramount Skydance Corporation is a diversified media and entertainment platform-plus-modules architecture formed through the merger of Paramount Global and Skydance Media. The company operates across five main pillars: (1) Film and Television production via Skydance Television (producing Grace and Frankie, Foundation, Reacher, Cross, FUBAR) and Paramount Pictures (committed to 30 theatrical films annually and a 45-day theatrical window), (2) Animation via Skydance Animation (releasing Luck, Spellbound, WondLa on Apple TV+ and Netflix), (3) Sports content via Skydance Sports (Air, Hard Knocks, Kelce, plus live UFC, WWE, NFL, NBA rights), (4) Gaming via the newly-launched Paramount Games Studio consolidating Skydance Interactive (VR titles like Skydance's BEHEMOTH, Walking Dead: Saints & Sinners) and Skydance New Media (developing Marvel 1943: Rise of Hydra and an untitled Star Wars game with Lucasfilm), and (5) Streaming/Distribution anchored by Paramount+ (79.6 million subscribers, exclusive UFC broadcast deal worth $7.7 billion) and the planned merger with HBO Max following the $111 billion Warner Bros. Discovery acquisition. Broadcast operations include CBS, CBS News with the flagship 60 Minutes program, and Republic Pictures for film distribution.

Differentiator

Problem solved

Functional benefit

Brands

• Paramount+: Streaming platform offering movies, TV shows, and live sports including UFC; reaching 79.6 million subscribers as of Q1 2026.
• CBS
• Paramount Pictures
• Republic Pictures
• Paramount Games Studio
• Skydance Animation
• Skydance Television
• Skydance Sports
• Skydance Interactive
• Skydance New Media
• Skydance Games
• Last.fm
• Comedy Central
• Nickelodeon
• MTV
• Nocturna

Products and services

• Paramount+ Flagship direct-to-consumer streaming service reaching 79.6 million subscribers in Q1 2026; streams films, originals, and live sports including UFC ($7.7 billion rights deal), WWE, NBA, NFL, and Champions League. Currently priced at $7.99 per month, planned to merge with HBO Max.
• Paramount Pictures Major film production and distribution studio committed under merger conditions to produce at least 30 theatrical films annually with a minimum 45-day theatrical window. Co-produced titles like Tom Clancy's Jack Ryan: Ghost War with Skydance Media and Amazon MGM Studios.
• Skydance Television Television production division producing premium scripted content distributed across Netflix, Amazon Prime Video, and Apple TV+. Notable series include Grace and Frankie (Netflix's longest-running original series), Foundation, Reacher, Tom Clancy's Jack Ryan, Cross, The Big Door Prize, and FUBAR.
• Skydance Animation Animation division with offices in Los Angeles (Miracle Mile) and Madrid, Spain, employing 350+ animation professionals. Released feature films Luck (Apple TV+, 2022), Spellbound (Netflix, 2024), and series WondLa (Apple TV+). Upcoming slate includes Ray Gunn, Pookoo, and a Jack and the Beanstalk project.
• Skydance Sports Sports-focused content division producing premium scripted and unscripted sports content, documentaries, and events. Released Air (Ben Affleck, 2023), Good Rivals, Kelce, Hard Knocks: Off Season with the New York Giants, Freediver, Aaron Rodgers: Enigma, and Holiday Touchdown: A Chiefs Love Story. Holds strategic partnerships with the NFL, Meadowlark Media, Religion of Sports (Tom Brady), and Mandalay Pictures.
• Skydance Interactive Virtual reality and interactive game development studio that released Archangel, The Walking Dead: Saints & Sinners (and Chapter 2: Retribution), and Skydance's BEHEMOTH. Hybrid-remote team with locations across California, Texas, and Washington. Now operating as part of Paramount Games Studio.
• Skydance New Media Division creating story-focused interactive experiences with real-time computer graphic technology. Led by Amy Hennig. Developing Marvel 1943: Rise of Hydra with Marvel Entertainment (using Unreal Engine, published by Plaion) and an untitled Star Wars action-adventure game with Lucasfilm Games. Located in San Carlos, CA.
• Paramount Games Studio In-house gaming division launched June 2026 combining Skydance's existing game studios with Paramount's IP, overseeing titles including Teenage Mutant Ninja Turtles: The Last Ronin (with Platinum Games), Star Trek: Shadow Frontier, Avatar Legends: The Fighting Game (with Nickelodeon/Gameplay Group International/PM Studios), and an untitled Star Wars game (with Lucasfilm).
• CBS (Columbia Broadcasting System) Major US broadcast television network and flagship property of Paramount Skydance's broadcast operations. Houses 60 Minutes, CBS News, CBS Mornings, and previously The Late Show with Stephen Colbert (cancelled May 2026). Holds NFL broadcast rights ($2.1 billion annual fee, renegotiating to $3 billion).
• 60 Minutes CBS News flagship newsmagazine that generated $362 million in advertising revenue in 2025 and remains the most-watched news program in the US. Underwent significant editorial restructuring in 2026 under new editor-in-chief Bari Weiss and executive producer Nick Bilton, with ratings up 9% year-over-year.
• UFC on Paramount+ Exclusive U.S. broadcast rights to UFC's full slate of 13 numbered events and 30 Fight Nights under a $7.7 billion deal signed August 2025, expanded June 2026 with a six-year deal for exclusive streaming of UFC main cards on Paramount+ in Canada starting 2027. UFC Freedom 250 became the most-watched event in Paramount+ history with 17 million total viewers.
• Republic Pictures Film distribution label under Paramount Pictures that acquired the documentary Mighty Mary for theatrical release through AMC Theatres, handling international distribution in coordination with Paramount Global Content Distribution.

Quantifiable outcome

• Projected $6+ billion cost synergies within three years from WBD merger
• +5 more outcomes

Named customers4 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature6 records

Partnerships

26 partnerships are on record, tiered core, minor and flagship.

• Omnicom MediacoreGTM or Marketing Partner · 24 June 2026Omnicom Media and Paramount announced collaboration to enhance Paramount's Streaming Fixed Units with adaptive, audience-intelligent advertising that sequences creative messaging across a seven-day premiere window. The solution combines Omnicom's Acxiom identity platform and VideoAmp partnership with Paramount's premium streaming inventory, currently in beta testing with Volkswagen of America and Princess Cruises, launching in U.S. Q3 2026 and internationally Q1 2027.
• Lucasfilm GamescoreStrategic or Co-development Partner · 5 June 2026Collaboration to develop and produce a richly cinematic action-adventure game featuring an original story in the legendary Star Wars galaxy. Unveiled as part of Paramount Games Studio launch on June 5, 2026 during Summer Game Fest.
• Platinum GamescoreStrategic or Co-development Partner · 5 June 2026Developer partner for 'Teenage Mutant Ninja Turtles: The Last Ronin' game as part of Paramount Games Studio's inaugural slate unveiled June 5, 2026.
• Nickelodeon and Gameplay Group International and PM StudiosminorStrategic or Co-development Partner · 5 June 2026Development partners for 'Avatar Legends: The Fighting Game' as part of Paramount Games Studio's inaugural slate unveiled June 5, 2026.
• UFC (Ultimate Fighting Championship)flagshipStrategic or Co-development Partner · 4 June 2026Six-year deal announced June 4, 2026 under which UFC's numbered event main cards will stream exclusively on Paramount+ in Canada starting 2027, ending UFC's traditional pay-per-view model in that country. Builds on the $7.7 billion deal that secured exclusive U.S. broadcast rights.
• TKO Group Holdings (UFC)flagshipStrategic or Co-development Partner · 1 August 2025Paramount Skydance signed a $7.7 billion deal in August 2025 for exclusive U.S. broadcast rights to UFC's full slate of 13 numbered events and 30 Fight Nights. Extended in June 2026 via a six-year deal for Canada starting 2027, ending UFC's traditional pay-per-view model in that country.
• NFL (National Football League) and NFL FilmsflagshipStrategic or Co-development Partner · 15 November 2022Skydance partnered with the NFL and NFL Films in November 2022 to significantly expand multi-platform programming across sports in a broad range of formats. Projects include Jerry Jones docuseries, NFL Draft: The Pick Is In, Hard Knocks: Off Season with the New York Giants, and Kelce. Also includes Skydance Sports multi-sport production studio.
• Lucasfilm GamescoreStrategic or Co-development Partner · 19 April 2022Skydance New Media partnership with Lucasfilm Games announced April 19, 2022 to develop and produce a richly cinematic action-adventure game featuring an original story in the legendary Star Wars galaxy.
• Marvel EntertainmentflagshipStrategic or Co-development Partner · 29 October 2021Skydance New Media partnership with Marvel Entertainment announced October 29, 2021 to create a narrative-driven, blockbuster action-adventure game featuring a completely original story and take on the Marvel Universe: Marvel 1943: Rise of Hydra. Audio Lead role based in Los Angeles being hired at $115,000-$130,000 annually for the project.
• Marvel EntertainmentflagshipStrategic or Co-development Partner · 9 September 2021Skydance New Media and Marvel Entertainment announced upcoming game at D23 Expo 2022 for Marvel 1943: Rise of Hydra, a narrative-driven, blockbuster action-adventure game featuring an original story.
• TencentflagshipStrategic or Co-development Partner · 9 September 2018Strategic partnership formed September 9, 2018 giving Skydance access to Tencent's expertise and unmatched scale in China (second largest media market in the world). Enables co-financing opportunities on all Skydance films, plus marketing, distributing, and merchandising efforts. Supports collaboration in television, interactive, and virtual reality.
• Volkswagen of AmericaminorGTM or Marketing PartnerBeta testing partner for Paramount's Dynamic Streaming Ad Unit collaboration with Omnicom Media.
• Princess CruisesminorGTM or Marketing PartnerBeta testing partner for Paramount's Dynamic Streaming Ad Unit collaboration with Omnicom Media.
• PlaioncoreChannel Partner/ Reseller/ DistributorPlaion will publish Marvel 1943: Rise of Hydra, the AAA single-player story-driven action-adventure game being developed with Marvel Entertainment using Unreal Engine.
• Apple (Apple TV+, Apple Original Films)flagshipChannel Partner/ Reseller/ DistributorMulti-year live-action film slate deal with Apple Original Films announced January 21, 2022 producing an annual slate of premium feature films. Apple TV+ distributes Foundation, The Family Plan (became Apple TV+'s most-watched movie), WondLa, The Gorge, Fountain of Youth, and Spellbound. Multiyear animation deal includes Luck, Spellbound, Pookoo, and WondLa.
• NetflixflagshipChannel Partner/ Reseller/ DistributorMajor distribution partner - Netflix distributes Skydance content including 6 Underground, The Adam Project, Heart of Stone, The Old Guard 2, Spy Kids: Armageddon, FUBAR (Arnold Schwarzenegger spy series), WWE: Unreal, America's Team, Spellbound, Aaron Rodgers: Enigma, and Rafael Nadal docuseries. Paramount paid Netflix $2.8B termination fee for breaking WBD deal.
• Amazon Prime VideoflagshipChannel Partner/ Reseller/ DistributorPrimary distribution partner - Prime Video distributes Reacher (record viewership), Cross (40M viewers in first 20 days), Tom Clancy's Jack Ryan, Good Rivals, The Tomorrow War, Ride or Die, The Runarounds, Taurasi docuseries, and Jack Ryan: Ghost War. Air (Ben Affleck) received ground-breaking global theatrical release via Amazon.
• Tom Brady and Gotham Chopra's Religion of SportscoreStrategic or Co-development PartnerStrategic partnership for content development; first scripted series is 'The Owl'. Religion of Sports also co-produced the Emmy-nominated docuseries 'Good Rivals.'
• Meadowlark MediacoreStrategic or Co-development PartnerCo-production agreement; first projects are documentaries on U.S.-Mexico soccer rivalry and WNBA legend Diana Taurasi.
• Mandalay PicturesminorStrategic or Co-development PartnerStrategic partnership within Skydance Sports for premium sports-related entertainment development.
• CJ ENM and Studio DragoncoreStrategic or Co-development PartnerCJ ENM and its entertainment subsidiary Studio Dragon participated as strategic investors in Skydance's $275 million capital raise in 2020. Partnership allows Skydance to collaborate across both studios' vast libraries to create compelling stories with worldwide audience appeal.
• Paramount PicturesflagshipChannel Partner/ Reseller/ DistributorFirst notable partnership from Skydance's early days at the Santa Monica airport hangar, financing and producing some of the world's most legendary franchises including Mission: Impossible, Star Trek, Terminator, Top Gun: Maverick, Jack Reacher, G.I. Joe, and World War Z. Skydance entered multi-year deal to stay at Paramount in 2017.
• Mattel FilmscoreStrategic or Co-development PartnerSkydance & Mattel partnership to develop Matchbox Cars live-action movie; John Cena starring role; multiple high-profile cast additions including Corey Stoll, Danai Gurira, Sam Richardson, Arturo Castro, Teyonah Parris.
• Republic PicturesminorChannel Partner/ Reseller/ DistributorRepublic Pictures acquired 'Mighty Mary' documentary, which chronicles the first all-women's sailing team to compete for the America's Cup, produced by Skydance Sports and directed by Mary Mazzio through her company 50 Eggs Films. Premiered at Nantucket Film Festival June 18 before theatrical release through AMC Theatres September 11 in 14 U.S. cities.
• Universal PicturesflagshipStrategic or Co-development PartnerParamount has indicated openness to EU demands to divest its joint venture with Universal Pictures in return for regulatory clearance of WBD merger. EU review found Paramount may need to end its international distribution partnership with Universal Pictures.
• California Attorney General (Rob Bonta) and State AGs CoalitioncoreOthersApproximately 10 state attorneys general led by California are preparing antitrust lawsuit to block the $110 billion WBD merger, citing concerns about reduced competition and bargaining power. Three Democratic senators have also urged the FCC to delay the merger.

Scale indicators16 records

Recent moves8 records

Expansion highlights7 records

Broad incumbents

• The Walt Disney Company: Largest US media conglomerate combining Disney+, Hulu, ESPN+, ABC broadcast, Pixar/Marvel/Lucasfilm film studios, and theme parks. Most directly comparable to Paramount Skydance as a scaled, IP-rich, multi-platform entertainment conglomerate competing for the same streaming subscribers, theatrical audiences, and sports rights.
• Comcast (NBCUniversal): Owns NBC broadcast, Peacock streaming, Universal Pictures, and Universal theme parks; currently Paramount Skydance's international distribution JV partner (potentially to be divested for EU clearance). Comparable as a full-stack media conglomerate with similar streaming, film, broadcast, and parks exposure.
• Sony Pictures Entertainment: Major film and television studio owning Columbia Pictures, Crunchyroll (anime), and PlayStation Productions. Comparable as an independent studio producing AAA franchise content (Spider-Man, Uncharted) and competing for the same premium IP-driven theatrical and streaming slots.
• Amazon (MGM Studios / Prime Video): Prime Video is Paramount Skydance's largest third-party distribution partner (Reacher, Cross, Jack Ryan); Amazon MGM Studios produces theatrical films (Air via Skydance Sports). Comparable as a streaming-plus-film competitor leveraging both tech platform scale and studio IP.
• Fox Corporation: Owns Fox broadcast network, Fox Sports (NFL, MLB, college football), Fox News, and Tubi AVOD streaming. Comparable as a broadcast-plus-sports-rights peer competing directly for NFL and live sports rights and ad budgets.

Direct peers

• Netflix: Global streaming leader and Paramount Skydance's primary direct competitor in subscription video; also a distribution partner for Skydance-produced titles (Old Guard 2, Reacher, 6 Underground). Comparable on streaming scale, content investment, and ad-tier rollout strategy.
• Warner Bros. Discovery: Target of Paramount Skydance's $110B acquisition; runs HBO Max, Max, Discovery+, CNN, Warner Bros. Pictures, DC Studios, and cable networks (TNT, TBS). Closely comparable as a content studio + streaming + linear TV + news peer; integration is the central strategic question for both entities.
• Apple TV+: Premium subscription streaming service and major distribution partner for Skydance Television and Skydance Animation (Foundation, The Family Plan, WondLa, Spellbound). Directly comparable as a streaming service competing for premium scripted subscribers with original tentpole productions.

Emerging players

• Lionsgate: Independent studio with Starz streaming service, theatrical film (Hunger Games, John Wick), and TV production (Orange is the New Black). Comparable as a smaller, IP-driven studio competing in similar film/streaming genres, though at meaningfully smaller scale.
• Legendary Entertainment: Film production company behind Godzilla, Dune, and Mobile Suit Gundam; partnered with Skydance on theatrical IP. Comparable as a private/independent film studio monetizing franchise IP across theatrical and streaming windows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ParamountGames
• YouTubeyoutube.com/skydance
• Facebookfacebook.com/SkydanceMedia
• LinkedInlinkedin.com/company/skydancemedia
• Instagraminstagram.com/skydance

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries13 records

Funding overview

Funding rounds4 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paramount Skydance Corporation