David Ellison Set as Chairman-CEO, Jeff Shell as President of Paramount; Shari Redstone to Sell Family Empire to Skydance Media in $8 Billion Deal
By Cynthia Littleton
According To The Daily) The sides have made it official: David Ellison’s Skydance Media has set a deal with Paramount Global that calls for Ellison to become chairman and CEO of an enhanced Paramount while former NBCUniversal CEO Jeff Shell will take operational reins as president.
“In 1987, my father, Sumner Redstone, acquired Viacom and began assembling and growing the businesses today known as Paramount Global,” Shari Redstone said in announcing the pact late Sunday. “He had a vision that “content was king” and was always committed to delivering great content for all audiences around the world. That vision has remained at the core of Paramount’s success and our accomplishments are a direct result of the incredibly talented, creative, ...






