Paramount Skydance is controlled by the Ellison family through Skydance and its investor group, but it remains a publicly traded company with other institutional and retail shareholders.

Who actually “owns” Paramount Skydance?

  • The merged company is the result of Skydance Media’s acquisition of Paramount Global and the Redstone family’s National Amusements stake, which previously controlled Paramount.
  • Control now effectively sits with David Ellison (founder of Skydance) and the Ellison family investor group, which includes Larry Ellison, via the structure used to buy National Amusements and merge Skydance with Paramount.
  • Even after the deal, Paramount Skydance continues to trade publicly on Nasdaq, so a significant portion of economic ownership is spread across public shareholders, but the Ellison group is the key controlling shareholder bloc.

Quick Scoop: key points

  • National Amusements, long controlled by Shari Redstone, sold out of its controlling position in Paramount as part of the Skydance transaction.
  • The deal was structured in phases: first, Skydance investors bought National Amusements; second, Skydance and Paramount merged into the new Paramount Skydance entity.
  • The company is positioned as a “new chapter” for the Paramount brand under Ellison-led leadership, while legacy assets like Paramount Pictures, CBS and streaming businesses sit under the new corporate umbrella.

Mini table: ownership & control

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Aspect Paramount Skydance
Controlling group Ellison family & Skydance investor consortium after acquiring National Amusements and merging with Paramount.
Public shareholders Remain significant owners via publicly traded stock in the new company.
Former controller Shari Redstone’s National Amusements, which sold its controlling stake as part of the deal.
Information gathered from public forums or data available on the internet and portrayed here.