Shari Redstone, Paramount Co-CEOs Tell Employees Skydance ‘Has a Clear Strategic Vision for the Future’
variety.comTodd Spangler NY Digital Editor After months of talks, Paramount Global and Skydance Media officially announced a deal to merge Sunday night.
Shari Redstone, non-executive chair of Paramount Global and its controlling shareholder through National Amusements Inc., addressed the pact in a memo to employees, as did the trio of co-CEOs currently leading the company: George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon. “As a longtime production partner to Paramount, Skydance is well aware of what we have accomplished over the years and it is for that reason that they have pursued a combination with Paramount,” Shari Redstone wrote. “They have a clear strategic vision for the future and the resources to build on Paramount Global’s competitive advantages to drive the Company’s success.” Redstone referred to her late father, Sumner Redstone, who assembled the pieces of what became Viacom and Paramount Global: “Our family has always been committed to continuing my Dad’s legacy and ensuring Paramount’s enduring success.
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