

Skydance Media has collaborated with Tom Cruise on nine movies, according to CEO David Ellison. Cruise has been a significant figure in the success of Paramount's Mission Impossible and Top Gun franchises. Ellison praises Cruise as "one of the greatest, most talented artists in the world."

Skydance Media and Paramount Global have agreed to a merger, forming "New Paramount," a next-generation media and technology leader4. The two-step transaction includes Skydance acquiring National Amusements, Inc., which holds the controlling share stake in Paramount. The merged company will focus on improving profitability, fostering stability and independence for creators, and enabling more investment in growth areas.