The Latest Breaking News from Skydance Media

The report comes just weeks after the merger between movie giant Paramount and independent film studio Skydance Media.

After Skydance Media acquired Paramount Global, the studio's boss David Ellison has reassured fans the third Top Gun movie is a big priority for the company.

It was a surrender widely foreseen. For months, rumors abounded that Paramount would eventually settle the seemingly frivolous lawsuit brought by President Donald Trump concerning editorial decisions in the production of a CBS interview with Democratic presidential nominee Kamala Harris in 2024.

Sen. Elizabeth Warren (D-Mass.) has called for a formal investigation into President Donald Trump's settlement with Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA).

‘We did a deal for about $16 million plus $16 million, or maybe more than that, in advertising... It's like $32 to maybe $35 million,’ the president said over the weekend.

Latest round of layoffs follow two waves of cuts last year.

Veteran journalist says ‘the country is doomed’ without ‘courage’ from journalists to speak truth to power

Paramount's board is wary of approving a settlement that could be seen as a bribe while awaiting FCC clearance.

‘If Paramount officials make these concessions in a quid pro quo arrangement to influence President Trump or other Administration officials, they may be breaking the law,’ the senators wrote to Shair Redstone