Ropes & Gray has advised National Amusements on the proposed transaction to sell control of Paramount Global to affiliates of Skydance Media. The deal is part of a larger merger plan between Paramount Global and Skydance Media, which aims to establish ‘New Paramount,’ a next-generation media and technology leader. This initiative seeks to enhance profitability, foster stability for creators, and catalyze growth in various entertainment sectors such as animation, gaming, and television. David Ellison and Jeff Shell will lead the merged entity. The merger promises to preserve the legacy and jobs associated with Paramount while enabling enhanced innovation and expanded animation capabilities through Skydance’s creative talent.

Media and Entertainment, Technology, Legal Advisory,United States