Friday, August 8, 2025

Executives Chris McCarthy and Brian Robbins to Receive $18 Million Bonuses

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After 13 months of negotiations, the $8 billion merger between Skydance Media and Paramount Global officially closed on Thursday. Led by CEO David Ellison and President Jeff Shell, the new leadership team is poised to implement changes following the departure of much of Paramount’s former management, including co-CEOs Chris McCarthy and Brian Robbins. Shari Redstone, orchestrator of the deal, will gain $1.75 billion from her holding company, National Amusements, while the merged entity, now trading as “PSKY” on Nasdaq, aims to enhance its storytelling capabilities through innovative technology. As part of a cost-saving strategy, Paramount has already cut over 15% of its workforce, with further tough decisions anticipated for future growth.

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