Skydance Media has made a significant move by submitting\u200c an updated \u200dFCC\u200c filing, ensuring that David Ellison, CEO of Skydance, will fully control the voting \u2063interests of\u200d the \u2064Ellison family in\u200b the forthcoming Skydance-Paramount\u2063 venture.<\/p>\n
The newly amended FCC filing reveals that David Ellison<\/strong> is set to assume the role of chairman and CEO\u2064 of New\u200b Paramount<\/strong>, a powerhouse\u200d created by merging the assets\u2062 of Skydance \u200dand Paramount Global.\u2064 This exciting juncture is anticipated to\u2064 culminate\u2062 in the \u200dfirst half of 2025. As the driving force \u200bbehind Skydance, Ellison is\u2062 also appointed as \u200bthe sole manager of key family entities, including \u2062Hikouki LLC, Furaito LLC, and Aozora LLC, thus holding\u2064 substantial sway over National\u200d Amusements \u2064Inc., the current majority stakeholder of Paramount Global.<\/p>\n Previously, the documentation suggested that Larry Ellison<\/strong>,\u2062 the \u2063legendary founder of Oracle and father \u200cof David \u200cEllison, would wield majority control \u200dover NAI and\u2062 the \u2064newly merged entity. This strategic\u2062 pivot ensures that David Ellison alone will navigate the helm, ensuring a cohesive vision for the future of the entertainment conglomerate.<\/p>\n An instrumental component of this expansive\u200c deal, Pinnacle Media Ventures, has \u200demerged \u200das a \u200dkey player. Formed as \u2062special\u200d purpose vehicles, \u2062Pinnacle\u2062 Media Ventures will \u2063anchor the \u2063Ellison family\u2019s stake in\u200b National \u2064Amusements Inc. (NAI)<\/strong> and Paramount. \u2062This\u2064 strategic formation guarantees that the Ellisons will hold\u200c a commanding 77.5%<\/strong> interest in NAI, while\u200b Gerry Cardinale<\/strong>, the influential leader of RedBird Capital Partners, \u2063joins forces \u2062by securing the \u2064remaining 22.5%<\/strong>. This collaborative effort between Gerry Cardinale’s firm, Skydance, and the Ellisons \u200bis poised to set new\u200b industry benchmarks.<\/p>\n The updated FCC filing that discloses the stake\u2063 in\u2063 NAI is crucial due to the transfer of \u200dCBS\u2019s 28 owned-and-operated local TV\u200b stations as part of the deal. The application itself seeks the FCC’s approval for transitioning control of\u200c TV broadcast\u200c licenses, which can\u200c have profound implications for the network and its affiliates.<\/p>\nReframing leadership \u200ddynamics<\/h2>\n
Pinnacle Media Ventures’ pivotal role<\/h2>\n
Importance of FCC compliance<\/h2>\n
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