Paramount, FCC and Middle East
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Paramount Skydance has asked the Federal Communications Commission for permission to exceed foreign ownership rules for U.S. media companies to pave the way for its takeover of Warner Bros. Discovery.
Paramount and Warner Bros. are two of Hollywood’s oldest studios. A merger would mean fewer companies control legacy film production.
Paramount has secured funding from several sovereign investment funds, including Saudi Arabia’s Public Investment Fund, as well as funds from the United Arab Emirates and Qatar, according to regulator
While David Ellison has set a lofty goal for Paramount to release 30 films a year, there's no recent precedent for such a haul.
Paramount Skydance disclosed the 2025 compensation for CEO David Ellison and Jeff Shell, who resigned as Paramount's president earlier this month.
Recently departed Paramount President Jeff Shell had a 2025 package worth $60.7 million, according to an SEC filing Friday. Shell compensation was mostly $1.4 million in base salary and $58.7 million in stock awards.