Archive · 1 Aug 2025
Paramount Reports Q2 Gains, Prepares for Skydance Merger
Paramount, the company that owns CBS and Paramount+, had a good quarter thanks to the latest 'Mission: Impossible' movie and its streaming service.
Even though the company made more money, it will soon merge with Skydance, a different company.
This deal was approved by the government and will finalize soon.
Some top leaders, including Chris McCarthy, are leaving as part of this merger.
Shareholders must make a decision about their shares by a certain time.
Paramount Global reported increased revenue due to 'Mission: Impossible' and Paramount+.
Paramount+ subscriber count dipped slightly, primarily due to an international deal ending.
The Skydance merger, approved by the FCC, is set to close August 7.
Shareholders must decide on their share exchange by 5 PM ET.
Chris McCarthy, Co-CEO, will depart as part of the merger.
- Who
- Paramount Global and Skydance.
- What
- Paramount Global reported financial results and is merging with Skydance.
- When
- Q2 results reported, with merger closing August 7.
- Where
- Paramount.
- Why
- Merger is closing, shareholder decisions needed.
- Revenue Increase
- 1%
- DTC Profit
- $157 million
- Paramount+ Subscribers
- 77.7 million
- Merger Closing Date
- August 7
- Shareholder Deadline
- 5 PM ET
- Exiting Executive
- Chris McCarthy
