The stock, which now trades under the ticker PSKY, could be a good cheap bet if new CEO David Ellison can spark a turnaround.

Skydance and Paramount officially closed their $8 billion merger on Thursday — kicking off the reign of a new entertainment giant after a contentious, over year-long endeavor to get the transaction ov

Skydance Media and Paramount Global have completed their merger, creating a new media conglomerate and ending months of turmoil over the deal that has drawn allegations of corruption directed at the Trump administration.

David Ellison, the new CEO of Paramount, pinned a major new deal for the media company he just took over. Paramount Skydance on Monday announced a seven-year media rights agreement with TKO Group under which Paramount+ will become the exclusive home of all UFC events in the U.

Days after completing its merger with Skydance, Paramount has acquired the U.S. rights to TKO Group’s UFC for seven years, beginning in 2026. Paramount is paying an average of $1.1 billion per year, totaling $7.