Longtime Ellison lieutenant Dana Goldberg will run Paramount Pictures with former Sony executive, Josh Greenstein. Only one senior Paramount executive -- George Cheeks -- will remain after this week's Skydance takeover.

Skydance Media on Monday rolled out the new executive leadership team ahead of this week’s long-stalled $8 billion merger with Paramount Global. Skydance CEO David Ellison, the son of billionaire Oracle co-founder Larry Ellison,

The Federal Communications Commission has cleared the way for Paramount Global to complete its merger with Skydance Media, announcing Thursday that it has approved the deal. The decision removes a final hurdle for the media and entertainment companies to close their transaction. Paramount is the parent company of CBS.