The Federal Communications Commission has cleared the way for David Ellisons Skydance to acquire Paramount Global. The federal agency, led by Brendan Carr, said on Thursday that it approved the transfer of Paramounts broadcast licenses to Skydance, the last hurdle in the review of the $8 billion deal. With the FCC approving the transfer, Skydance will be able to complete...

Paramount Global co-CEO Chris McCarthy will leave the company once its merger with Skydance is finished. McCarthys decision comes on the heels of the Federal Communications Commission signing off on the deal late Thursday, removing the last major hurdle to the $8 billion transaction. McCarthy became co-CEO of Paramount, alongside George Cheeks and Brian Robbins, in April 2024. The trio...

Though the Federal Communications Commission approved the Skydance-Paramount merger Thursday, one commissioner is speaking out against what she says has been an erosion of our First Amendment protections. After months of cowardly capitulation to this Administration, Paramount finally got what it wanted. Unfortunately, it is the American public who will ultimately pay the price for its actions, commissioner Anna M....

Charter Communicationscontinues to lose video and broadband customers as legacy cable giants face increasing competition fromYouTube and other streaming-era competitors and the decline of traditional TV to reach and retain video viewers. The company, led by CEO Chris Winfrey, during the second quarter to June 30, 2025 lost 117,000 Internet subscribers and shed 80,000 TV customers, while adding 500,000 total...

George Grobar is set to shift to a new role at Penske Media Corporation, moving to a CEO advisory role and a board member, and stepping down as president of the company, which owns The Hollywood Reporter. Craig Perreault, currently PMCs chief strategy officer, has been promoted president of media corporate development. George is one of the greatest executives Ive...

The union representing live musicians at The Late Show With Stephen Colbert is speaking out against the cancellation of the show. In a statement Friday, Robert Suttmann, president of Local 802 American Federation of Musicians, called the shows surprise cancellation, which Colbert announced July 17, deeply concerning both because of the loss of jobs for the musicians in the shows...

The fallout from the viral kiss-cam moment at Coldplays Boston concert earlier this month continues. Astronomer human resources exec Kristin Cabot has resigned from the tech company after she was reportedly shown on video with CEO Andy Byron, who resigned last week. A rep for Astronomer confirmed to The Hollywood Reporter Friday that Cabot, who had served as chief people...

Dick Clark Productions has named Mike Chuthakieo as the companys first-ever chief commercial officer, the company announced on Friday. In the new role, Chuthakieo will oversee all commercial strategy and revenue generation for the brand and its programs, which include the Golden Globes, Dick Clarks New Years Rockin Eve With Ryan Seacrest, the American Music Awards, the Billboard Music Awards...

When the FCC approved the Paramount-Skydance merger Thursday, one commissioner blasted the decision, calling it an act of cowardly capitulation on behalf of Paramount and warning that this could lead to a further erosion of our First Amendment protections. The commissioner, Anna M. Gomez, is one of three leaders at the FCC, in addition to Chairman Brendan Carr and fellow...

Imax is riding high. The cinema technology company reported strong second-quarter financial results Thursday, showing a 139 percent surge in profit as its global box office sales climbed 41 percent, year on year, to $281 million. From films like Mission: Impossible The Final Reckoning to Brad Pitts F1 and Ryan Cooglers Sinners, the key to Hollywoods recent theatrical revival has...

Nearly thirteen months after Shari Redstone and David Ellison came to terms on a megadeal that will transfer ownership of Paramount Global, theres now a close date in sight: August 7. The new company will trade on Nasdaq as PSKY, it disclosed in a securities filing on Friday. The agreement clears the way for Top Gun: Maverick producer Ellisons firm...

Keanu Reeves has parted ways with his longtime manager, multiple sources tell The Hollywood Reporter. The John Wick and Matrix star had been repped by Meredith Wechter at Range Media Partners. Insiders say Reeves has made multiple changes to how he runs his business and changing management was one of those decisions recently. Keanu is not only an exceptional talent...

The hit, Emmy-nominated showThe Pittis notching another distinction: In a rare move, its production assistants are announcing an attempt to unionize. Support staffers on the second season of the show requested voluntary recognition for a union and filed a petition for an election with the National Labor Relations Board on Friday, The Hollywood Reporter has learned. Their effort is the...