David Ellison Will Hold Full Control of Combined Paramount-Skydance Following Deal Close, per Updated Filing
variety.comTodd Spangler NY Digital Editor Skydance Media submitted an updated FCC filing to reflect that David Ellison, CEO of Skydance, will hold 100% percent of the Ellison family’s voting interests in the newly combined Skydance-Paramount.
According to the amended FCC filing Tuesday, David Ellison’s role will be chairman and CEO of New Paramount, combining the assets of Skydance and Paramount Global after the deal closes, expected in the first half of 2025.
David Ellison also is designated as “sole manager” of the Ellison family entities — Hikouki LLC, Furaito LLC, and Aozora LLC — through which the Ellison family will own and control National Amusements Inc. (currently the controlling shareholder of Paramount Global) and New Paramount.
Previously, documentation filed with the FCC said Larry Ellison, the multibillionaire founder of Oracle and David Ellison’s father, would be the majority shareholder of NAI and control the newly merged Paramount-Skydance.
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