Ellison, for his part, reiterated that he plans to invest in the company, plans supported by the monster $7.7. billion deal for UFC rights, as well as deals for things like Bari Weiss’ The Free Press, film rights for the Call of Duty video game franchise, and a deal with the Duffer Brothers, among others.

Paramount Skydance is laying off about 10% of its workforce, achieving some of the cost savings that CEO David Ellison promised investors when he took charge of the media company over the summer.

"This restructuring marks a pivotal step in shaping the path forward," co-chairs Dana Goldberg and Josh Greenstein say.

Paramount Skydance is laying off about 1,000 employees. Chairman and CEO David Ellison sent employees a memo about the companywide cuts.

EXCLUSIVE: Paramount’s motion picture divisions, including production, literary, marketing and music, were impacted today with many Melrose Ave lot vets exiting. The new David Ellison run conglom is handing out approximately 1,

Paramount has signed a 10-year lease to occupy a production facility currently under construction in New Jersey. The move will allow the media company to qualify for the state's tax incentives.

The UFC-Paramount deal just got a lot bigger. The UFC announced on Tuesday that it has expanded its broadcasting deal with Paramount to cover Australia and all of Latin America i

Paramount Skydance has just signed a 10-year lease for Bayonne’s 1888 Studios. Paramount is set to occupy more than 285,000 square feet of the planned 58-acre facility, which will have 1.1 million square feet of production space and 23 smart sound stages.