![](https://wnewsnet.com/wp-content/uploads/2024/07/paramount-announces-28b-us-merger-with-skydance-a-new-era-for-famed-hollywood-studio.jpeg)
Entertainment giant Paramount will merge with production company Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape.