Paramount Skydance Corporation is a media and entertainment company headquartered in Los Angeles, California, formed through the combination of Skydance Media and Paramount Global into a single consolidated enterprise.
The strategic idea behind the combination is to marry Paramount’s established studio assets, content library, and global distribution reach with Skydance’s production capabilities and technology-forward approach to building and delivering entertainment.
Operationally, the business spans multiple ways audiences consume content: theatrical film and television production, streaming, and traditional TV networks. Public company descriptions commonly present its structure in three segments: Studios, Direct-to-Consumer, and TV Media.
Across its portfolio, it brings together major entertainment and network brands—spanning film, broadcast, cable, and streaming—so the company can develop franchises, distribute them across platforms, and monetize through a mix of subscriptions, advertising, licensing, and distribution partnerships.
At a business-model level, this is an “engine and outlet” company: studios and production units create IP and programming, while streaming and linear networks provide owned distribution channels to reach audiences at scale—supported by global distribution relationships highlighted in merger communications.