META EXECUTIVE DANE GLASGOW TO JOIN PARAMOUNT AS CHIEF PRODUCT OFFICER, DRIVING TECH INNOVATION AND PRODUCT STRATEGY

Rhea-AI Summary

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.

Positive

• Appointment of highly experienced technology executive with proven track record at major tech companies
• Strategic focus on digital innovation, AI capabilities, and immersive storytelling
• Direct reporting line to CEO indicates high-level commitment to technological transformation

Negative

• None.

News Market Reaction

-0.59% 2.5x vol

47 alerts

-0.59% News Effect

+23.1% Peak in 2 hr 28 min

-$124M Valuation Impact

$20.88B Market Cap

2.5x Rel. Volume

On the day this news was published, PSKY declined 0.59%, reflecting a mild negative market reaction. Argus tracked a peak move of +23.1% during that session. Our momentum scanner triggered 47 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $124M from the company's valuation, bringing the market cap to $20.88B at that time. Trading volume was elevated at 2.5x the daily average, suggesting increased selling activity.

Data tracked by StockTitan Argus on the day of publication.

Highly respected senior technology executive and serial entrepreneur, Glasgow previously served as VP of Product Management for Facebook

LOS ANGELES, Sept. 10, 2025 /PRNewswire/ -- Paramount, a Skydance Corporation today announced that Dane Glasgow, a seasoned technology leader with extensive experience in consumer product development and management, digital platforms, and advanced technologies, will join the company as Chief Product Officer. Glasgow has built and scaled multiple successful businesses across social, search, entertainment, commerce, communications, geospatial software, and finance – connecting hundreds of millions of people to some of the most widely used consumer applications on the internet. This appointment underscores Paramount and CEO David Ellison's strong commitment to aligning with leading technology innovators to build a next-generation company at the forefront of where entertainment is headed.

In this new role, Glasgow, who will report directly to Ellison, will lead the Company's product vision and strategy, driving innovation across digital platforms, immersive storytelling, advertising, and AI-powered capabilities. With a proven track record leading large-scale technology initiatives and transforming complex ecosystems, he will play a pivotal role in helping to shape Paramount's long-term vision in this area – while strengthening its position as a leader in delivering cutting-edge, consumer-focused media and entertainment experiences. He will work closely with the Chief of Direct-to-Consumer, Cindy Holland, to ensure alignment and collaboration across platforms, products, and audience engagement strategies.

Said David Ellison, Chairman and CEO of Paramount, a Skydance Corporation: "As we strive to push the boundaries of creativity and innovation, bringing on a leader of Dane's caliber marks a pivotal step forward. With a proven track record of scaling businesses and driving transformation through cutting-edge technology – from Meta, Google, eBay, and Microsoft to the successful companies he co-founded, Neoglyphic Entertainment and Positronic – Dane's expertise is exactly what we need to strengthen every aspect of our business. We're absolutely thrilled to welcome him to the team and excited for the forward-thinking leadership and technological insight he brings, and we know that his broad impact will be felt companywide starting on day one."

Said Dane Glasgow: "Entertainment and storytelling inspired my passion for technology from a very young age. I am thrilled to become a part of Paramount, such an iconic company, which has been behind so many of the greatest stories told over the last century-plus. It's truly inspiring to join David, along with Cindy and the other members of the executive leadership team, who not only value technology but empower innovation at every level. Together, we have an extraordinary opportunity to help shape the future of entertainment – creating unforgettable experiences for audiences across all of Paramount's platforms and brands, enabling creatives to tell their best stories on what is an incredible canvas, and opening doors for talented individuals who share our vision to redefine the business through frontier technology. I cannot wait to get started!"

About Paramount, a Skydance Corporation

Paramount, a Skydance Corporation (Nasdaq: PSKY) is a leading, next-generation global media and entertainment company, comprised of three business segments: Studios, Direct-to-Consumer, and TV Media. The Company's portfolio unites legendary brands, including Paramount Pictures, Paramount Television, CBS – America's most-watched broadcast network, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance's Animation, Film, Television, Interactive/Games, and Sports divisions. For more information, please visit www.paramount.com.

PSKY-IR

View original content:https://www.prnewswire.com/news-releases/meta-executive-dane-glasgow-to-join-paramount-as-chief-product-officer-driving-tech-innovation-and-product-strategy-302552869.html

SOURCE Paramount Skydance Corporation

FAQ

Who is Dane Glasgow and what is his new role at Paramount (NYSE:PSKY)?

Dane Glasgow is a former Meta executive who has been appointed as Chief Product Officer at Paramount. He previously served as VP of Product Management at Facebook and has held leadership roles at Google, eBay, and Microsoft.

What will be Dane Glasgow's responsibilities at Paramount (NYSE:PSKY)?

As Chief Product Officer, Glasgow will lead Paramount's product vision and strategy, focusing on digital platforms, immersive storytelling, advertising, and AI-powered capabilities. He will report directly to CEO David Ellison and work closely with the Chief of Direct-to-Consumer.

What is Dane Glasgow's background and experience?

Glasgow has extensive experience in consumer product development and management, having worked at Meta, Google, eBay, and Microsoft. He also co-founded Neoglyphic Entertainment and Positronic, demonstrating success in scaling businesses across social, search, entertainment, and commerce sectors.

How does this appointment align with Paramount's strategy?

This appointment demonstrates Paramount's commitment to technological innovation and transformation, aiming to position the company at the forefront of entertainment delivery through advanced technology and digital platforms.