The restructuring comes two and a half months after David Ellison's Skydance Media completed its acquisition of Paramount.

Following the announcement earlier this week that Paramount will lease space at 1888 Studios in Bayonne, the New Jersey Economic Development Authority (NJEDA) Board has designated the global media company as a Studio Partner under the state’s Film and Digital Media Tax Credit program.

David Ellison has the deepest pockets in Hollywood. Sheridan has the best track record in streaming. Why the most obvious deal in TV didn't happen.

Paramount earns NJEDA Studio Partner status, unlocking tax credits for film projects at Bayonne’s 1888 Studios, boosting NJ’s film industry.

Paramount on Wednesday began laying off more than 2,000 employees, a long-awaited consequence of its merger with the Hollywood studio Skydance.

Ramsey Naito is exiting her post as president of Paramount Animation.

Paramount Skydance Corp. began a planned round of job cuts involving 1,000 workers on Wednesday as part of an effort to slash $2 billion in costs following its August merger with Skydance Media. More cuts are expected at a later date.

Paramount began a sweeping round of layoffs on Wednesday, according to a memo from CEO David Ellison, just months after the Trump administration greenlit its controversial $8 billion merger with Skydance,