Skydance Media is an American production company founded by David Ellison that produces films, television series, and interactive entertainment, becoming a major Hollywood player through its 2025 acquisition of Paramount Global.

Production Portfolio

Film Production: Produces major theatrical releases including action franchises Mission: Impossible and Top Gun, establishing reputation for big-budget blockbusters.

Television Development: Creates original series for streaming platforms and traditional networks, expanding beyond film into episodic content.

Animation Division: Operates Skydance Animation, producing animated features and series for family audiences.

Interactive Entertainment: Develops video games and virtual reality experiences, diversifying beyond traditional media formats.

Paramount Acquisition

In 2024-2025, Skydance executed a transformative acquisition of Paramount Global, reshaping the media landscape.

Merger Process: Completed acquisition of Paramount Global in August 2025 after regulatory approval, creating integrated content and distribution company.

Strategic Vision: Positioned merger as combining Skydance’s production expertise with Paramount’s distribution networks and legacy properties.

Leadership Changes: David Ellison became CEO of combined entity, implementing new strategic direction for traditional media properties.

Industry Impact

Skydance’s evolution from production company to media conglomerate owner represents significant shift in Hollywood power dynamics.

Content Strategy: Focuses on franchise development and intellectual property exploitation across multiple platforms and formats.

Technology Integration: Emphasizes technological innovation in content production and distribution, including streaming and digital platforms.

Media Consolidation: Acquisition of Paramount demonstrates ongoing consolidation in entertainment industry as traditional and new media converge.