Paramount, which owns multiple media properties including Nicolodeon, MTV, BET, and Comedy Central as well as Streaming Services Paramount+ and Pluto TV has come to an agreement to sell all of its assets to Skydance Media. The sale will take months and be subject to regulatory approval. If and when it goes through it will be a multipronged acquisition starting with the purchase of National Amusements, which is the holding company of Paramount Inc.
The move will shift the ownership of Pluto TV and Paramount+ to Skydance meaning there could be a new direction for both streaming services. No change in how they operate or what they offer has been announced at this early stage.
In official press announcements regarding the sale Skydance executives say they want to make Paramount “technological leader” in the streaming space. What that means or how they plan to do so, or whether the statement is empty psycho babble will not start to become evident until we get into the latter part of 2025. Until the company begins to take shape Paramount Inc will still be under the leadership of the triumverant CEO plan known as the Office of the CEO. George Cheeks, CEO of CBS; Chris McCarthy, CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, CEO of Paramount Pictures and Nickelodeon will lead the company until the merger is complete.
