Who Owns BET+?

What does Paramount Skydance Corporation own?
Paramount Skydance Corporation owns and operates Paramount Pictures, CBS, Paramount+, Pluto TV, MTV, Nickelodeon, Comedy Central, BET, Showtime, and Skydance's Animation, Film, Television, Interactive/Games, and Sports divisions. The company also holds extensive content libraries and production facilities. If the Warner Bros. Discovery acquisition closes, the portfolio will expand to include HBO, CNN, TNT, Warner Bros. Pictures, and HBO Max.

Is Paramount Skydance Corporation publicly traded?
Yes, Paramount Skydance Corporation is publicly traded on NASDAQ under the ticker symbol PSKY. The company became the successor issuer to Paramount Global on August 7, 2025. As of February 20, 2026, there were 31.5 million Class A shares and 1.08 billion Class B shares outstanding.

Who is the CEO of Paramount Skydance Corporation?
David Ellison is the Chairman and Chief Executive Officer of Paramount Skydance Corporation. He founded Skydance Media in 2010 and led the merger with Paramount Global, which closed on August 7, 2025. Ellison is the son of Oracle co-founder Larry Ellison. The Ellison family and RedBird Capital Partners are the primary strategic investors backing the company.

What happened to the Redstone family's control of Paramount?
The Redstone family, which controlled Paramount Global for decades through National Amusements' holdings of super-voting Class B shares, sold its stake as part of the Skydance merger transaction that closed on August 7, 2025. National Amusements no longer holds a controlling position in the company. Shari Redstone received cash for her National Amusements stake.

How many subscribers does Paramount+ have?
Paramount+ ended 2025 with 79 million paid subscribers. In Q4 2025, Paramount+ revenue grew 17% year over year to $1.837 billion, with ARPU increasing 10%. The company plans to exit approximately 4-5 million hard bundle subscribers with unattractive economics in 2026, which will result in only modestly higher total paid subscribers compared to 2025, but with stronger underlying growth and ARPU.

What is the Warner Bros. Discovery acquisition?
On February 27, 2026, Paramount announced a definitive agreement to acquire Warner Bros. Discovery for $31 per share in cash, valuing WBD at $81 billion in equity value and $110 billion in enterprise value. The transaction is backed by $47 billion in equity from the Ellison family and RedBird Capital Partners and $54 billion in debt commitments. The deal is expected to close in Q3 2026, subject to regulatory clearances and WBD shareholder approval. The UK CMA cleared the acquisition on August 6, 2026.

What is Paramount Skydance Corporation's revenue?
For full year 2025, total revenue was approximately $28.9 billion, combining the predecessor period (January 1 to August 6) revenue of $16.6 billion and the successor period (August 7 to December 31) revenue of $12.3 billion. For 2026, the company guides to total revenue of $30 billion, representing approximately 4% year-over-year growth, and adjusted EBITDA of $3.8 billion.

Where is Paramount Skydance Corporation headquartered?
Paramount Skydance Corporation maintains its primary corporate offices in Los Angeles, California, and New York, New York. The company has production facilities and operations in multiple locations including Hollywood, London, and other global entertainment hubs.