The new, post-Skydance merger Paramount has two major TV studio units: the existing CBS Studios, led by David Stapf and overseen by Paramount Chair of TV Media George Cheeks, and the newly formed Paramount TV Studios, headed by former Skydance TV President Matt Thunell and overseen by Dana Goldberg, Co-Chair of Paramount Pictures and Chair of Paramount Television.
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Meanwhile, two streaming series originally developed by the former [Paramount TV Studios] that CBS Studios took over after the former’s demise — Apple TV+’s Murderbot, renewed for Season 2, and the upcoming Little House On the Prairie for Netflix — will remain at CBS Studios, as will CBS Studios’ homegrown streaming projects including the Star Trek universe on Paramount+.
Yeah, I think the new Paramount TV Studios is basically the Skydance studio, renamed - the Old Paramount shut down their version of Paramount Television Studios about a year ago.
Yup. Skydance TV merged with Showtime/MTV Entertainment Studios and it’s now Paramount TV Studios.
It’s confirmed but after a second read, I think that’s clear.
Interesting that Skydance Studios television, which was a prestigious brand, will sublimate under the Paramount Television Studios name. It does show a certain commitment to the merger on David Ellison’s part.
Much has (justifiably) been said about the merger, and the path to how we got here, but everyone seems to agree that David Ellison is in the business because he loves movies - the whole company was practically a vanity project, rather than a moneymaking scheme.
However, he has made Skydance profitable unlike another famous billionaire by inheritance who repeatedly went bankrupt.
It seems that his father’s approach is to let his heirs learn to run companies on their own with injections of capital that are staggering for others but just a couple years earnings on the family’s wealth.