Paramount and Skydance Set to Close Merger Deal on August 7
The long-awaited merger between Paramount and Skydance is finally set to close on August 7, bringing numerous benefits for both companies and their employees.
# Paramount's Leadership Structure and Recent Changes Paramount Global's leadership has undergone significant transformation in recent years. In April 2024, the company established an **Office of the CEO** consisting of three senior executives: **George Cheeks**, **Chris McCarthy**, and **Brian Robbins**, following the departure of Bob Bakish from his role as President and CEO.[1] **George Cheeks** served as President and CEO of CBS before his appointment to the Office of the CEO.[1] Following the Skydance Media acquisition of Paramount, Cheeks transitioned to become Chair of TV Media for Paramount Global, overseeing cable TV networks.[2] **Chris McCarthy** held the position of President and CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks.[1] Upon completion of the Skydance merger, McCarthy exited the company.[3] **Brian Robbins** was President and CEO of Paramount Pictures and Nickelodeon at the time of his appointment to the Office of the CEO.[1] The three executives were tasked with developing and executing a new strategic plan while working as true partners to strengthen operations and enhance performance across Paramount's diverse business units.[1] This leadership structure proved transitional. In August 2025, Skydance Media completed its $8 billion acquisition of Paramount Global, fundamentally restructuring the company's leadership.[2] **David Ellison**, CEO of Skydance, became Chairman and CEO of the merged entity, while former NBCUniversal CEO **Jeff Shell** assumed the position of President.[2] The company was reorganized into three distinct businesses: studios, direct-to-consumer, and TV media, with new executives appointed to lead each division.[2] The co-CEO model that characterized Paramount's leadership in 2024 has been replaced by this new hierarchical structure under Skydance's ownership.
The long-awaited merger between Paramount and Skydance is finally set to close on August 7, bringing numerous benefits for both companies and their employees.