David Ellison reveals the bold vision for the new Paramount while Skydance’s merger closes

David Ellison Today it has officially entered the spotlight as President and CEO of the recently reinvention, marking the completion of the merger of Skydance Media with Paramount Global. In a letter addressed to both Wall Street and the entertainment industry, Ellison outlined his high -level plans and priorities for the future of the legendary study.

The new paramount will operate in three main divisions: studies, directly to the consumer and television media. Ellison’s strategy is heavily tilts on the transformation guided by technology, doubling the contents and reinvention of the brand.

He stressed that while technology will play a key role, he will never replace the company’s creative nucleus.

“Technology is not – and it will never be – a replacement of human creativity; rather, it acts as a powerful multiplier. From the virtual production phases that trigger the unlimited imaginations of the filmmakers, to the localization assisted by artificial intelligence that shows new linguistic markets during the night, to a steco for the night.

On the streaming front, Ellison clarified that Paramount+ and Pluto TV will be an important goal. Starting next year, both platforms will be performed on a unified technological stack aimed at improving performance and reducing costs.

“Above all, this integration will raise the consumer experience through our services, improving our recommendation engine, accelerating the speed and quality of delivery, also giving us the opportunity to place Pluto TV as” Top of the Impiuto “to attract new customers to Paramount+.”

Ellison is not just thinking about technology. He also underlined the importance of the premium and exclusive narrative, especially as a growth engine for streaming.

“No area will be more fundamental for our future compared to the evolution of our streaming services, which we will reduce ourselves in powerful and profitable global platforms. We are committed to increasing investments in premium and exclusive content because we understand that exceptional storytelling is the largest engine of subscriber growth.

From the point of view of the television media, Ellison recognized the challenges of the modernization of a Legacy activity.

“Our challenge is to reinvent our brands of brands for a non -linear world. We plan to invest appropriately based on future commercial opportunities, thus maximizing the cash flow so that we can reinvest in our growth activities.”

With the new Ticker PSKY symbol, the company’s shares have started negotiating today, reporting a new chapter for the famous media giant. Ellison has ensured investors a strategic and balanced financial approach.

“Our North Financial Star is to maximize the long-term value of the company. We will invest appropriately in our activities given the size of their future opportunities-in some areas this can mean bold moves and greater investments, and in others they mean scrutinizing the expense to maximize the margins.

Ellison closed his letter with a commitment to transparency and integrity while the new leadership team takes the reins.

“We understand the weight of administration of an iconic company that touches the life of hundreds of millions all over the world and plays a vital role in modeling our shared culture. Above all, everything we do will be rooted in trust, led by facts and aligned with the fundamental values that define us as a company.

“Inevitably, difficult decisions and difficult compromises await us. We will face them with their heads held high, keeping transparency by openly sharing the logic behind our choices and the way they need the best interest of our stakeholders.”

This is a great moment for Paramount and the world of entertainment in general. We will look closely while Ellison and his team give life to their vision.