Paramount finds a new home and hope for the future

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Paramount finds a new home and hope for the future
SkydanceSaleDavid Ellison
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Skydance founder David Ellison could swing fortunes around, at least those within the company hope.

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One thing Ellison stressed constantly was his vision for Paramount to become a “tech hybrid,” which will involve things such as the “cloud,” AI and a rebuilt Paramount+ streaming service. In terms of specific areas of the company, CBS and Paramount+ — surprisingly — look like they’ll still have a future, while Ellison’s love of movies and the viability of generating revenue over time from theatrical films will contribute to Paramount Pictures remaining fully operational.

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