NEW YORK — The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. Skydance, based in Santa Monica, California, has helped produce some major Paramount hits in recent years, including Tom Cruise …
Film producer David Ellison’s Skydance Media is exploring an all-cash deal to acquire National Amusements Inc., the company that controls Paramount Global, as part of a bid to merge the two entertainment businesses, according to people familiar with the matter who were not authorized to comment. Skydance would be willing to purchase a controlling stake in National Amusements from Shari …
