The entertainment landscape is undergoing a significant transformation as Skydance Media and Paramount Global have completed their $8.4 billion merger, resulting in the formation of the Paramount Skydance Corporation. David Ellison, founder and CEO of Skydance, assumes the role of Chairman and CEO of the newly formed entity, bringing a fresh vision to the storied legacy of Paramount.
In a strategic move to bolster its streaming platform, Paramount+ has secured exclusive U.S. broadcasting rights to the Ultimate Fighting Championship (UFC) through a landmark $7.7 billion deal. This agreement, effective from 2026, will make all UFC events available to Paramount+ subscribers at no additional cost, marking a significant shift from the traditional pay-per-view model. The deal includes 13 numbered UFC events and 30 Fight Nights annually, with select events simulcast on CBS .
This merger positions Paramount Skydance Corporation as a formidable player in the entertainment industry, combining the rich history of Paramount with the innovative approach of Skydance. With a focus on high-quality storytelling, cutting-edge technology, and strategic partnerships, the company is poised to redefine the future of media and entertainment.Reuters+9
