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Paramount (NYSE:PSKY) has appointed former Meta executive Dane Glasgow as its new Chief Product Officer. Glasgow, who previously served as VP of Product Management at Facebook, brings extensive experience in consumer product development, digital platforms, and advanced technologies.
Reporting directly to CEO David Ellison, Glasgow will lead the company's product vision and strategy, focusing on digital platforms, immersive storytelling, advertising, and AI-powered capabilities. He will work closely with Chief of Direct-to-Consumer Cindy Holland to align platforms, products, and audience engagement strategies.
Glasgow's background includes leadership roles at Meta, Google, eBay, and Microsoft, as well as co-founding Neoglyphic Entertainment and Positronic. This appointment reflects Paramount's commitment to technological innovation in entertainment delivery.
Paramount Skydance (NASDAQ:PSKY) has announced a quarterly cash dividend declaration. The company's Board of Directors approved a dividend of $0.05 per share for both Class A and Class B shareholders. The dividend will be paid on October 1, 2025, to shareholders of record as of September 15, 2025.
Paramount (NASDAQ: PSKY) and TKO Group Holdings have announced a landmark seven-year media rights agreement making Paramount the exclusive home of UFC events in the United States starting in 2026. The deal, valued at an average annual value of $1.1 billion, will see all UFC numbered events and Fight Nights streaming live on Paramount+, with select marquee events simulcast on CBS.
Under this transformative agreement, UFC will abandon its Pay-Per-View model, making premium events available at no additional cost to Paramount+ subscribers. The partnership includes 13 marquee numbered events and 30 Fight Nights annually, reaching UFC's base of approximately 100 million U.S. fans. The deal's payment structure is weighted toward the latter years of the agreement.
Skydance Media and Paramount Global have completed their merger to form Paramount, a Skydance Corporation (NASDAQ: PSKY), creating a next-generation media and entertainment powerhouse. The merger combines Paramount's extensive creative library and global distribution network with Skydance's production expertise and technological capabilities.
Under the leadership of David Ellison as Chairman and CEO, the company aims to modernize content creation and delivery while maintaining creative excellence. The transaction is backed by the Ellison Family and RedBird Capital, with RedBird's Founder Gerry Cardinale expressing confidence in the potential for substantial growth through the integration of technological sophistication and content production.
Paramount Global (NASDAQ: PARA, PARAA) and Skydance Media have announced that their merger transaction is expected to close on August 7, 2025. The companies have set key election deadlines for Paramount stockholders to choose their preferred form of merger consideration: July 31, 2025 for shares held of record, and July 28, 2025 for shares held via Morgan Stanley Stock Plan Account and the Paramount Global 401(k) Plan.
Following the merger closing, the combined company will trade on Nasdaq under the new ticker symbol "PSKY", replacing Paramount's current symbols PARA and PARAA. Stockholders who do not make an election by the deadline will automatically receive stock consideration for their shares.
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