
Paramount+ is owned by Paramount Skydance Corporation (NASDAQ: PSKY), a global media and entertainment company led by CEO David Ellison. The Skydance merger completed on August 7, 2025. Paramount+ had 81.6 million subscribers as of Q2 2026 and generated $2.47 billion in direct-to-consumer revenue. The service offers content from Paramount Pictures, CBS, MTV, Nickelodeon, and Skydance.
Parent Company
Founded
2021
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Paramount+ | Paramount Skydance Corporation | Subsidiary |
Paramount+ was launched on March 4, 2021, by ViacomCBS (later rebranded as Paramount Global in February 2022) as a rebranding and expansion of the existing CBS All Access streaming service. CBS All Access had launched in 2014 as the first streaming service from a broadcast network, primarily offering CBS programming. The rebrand to Paramount+ expanded the content library to include programming from across the company's portfolio, including Paramount Pictures films, MTV, Nickelodeon, Comedy Central, BET, and Showtime.
The launch of Paramount+ coincided with the intensifying streaming wars, as major media companies raced to launch direct-to-consumer platforms. Paramount+ positioned itself as a service combining live sports (NFL on CBS, UEFA Champions League), premium television (Star Trek franchise, Yellowstone prequels like 1883 and 1923), films from Paramount Pictures, and children's content from Nickelodeon.
In 2023, Showtime content was integrated into Paramount+, consolidating the company's premium streaming offering. The service also expanded internationally, launching in multiple markets across Europe, Latin America, and Asia-Pacific. By 2024, Paramount+ reported 77.5 million global subscribers.
The Skydance merger, announced in 2024 and completed on August 7, 2025, brought significant changes to Paramount+. David Ellison outlined plans to rebuild the Paramount+ technology platform, expand streaming globally, and prioritize cash flow. Ellison identified $2 billion in cost savings from the merger, later increased to over $3 billion. The company reorganized into three segments, with Paramount+ placed in the Direct-to-Consumer segment alongside Pluto TV and BET+.
In Q1 2026, Paramount+ added 700,000 subscribers to reach nearly 80 million, despite price hikes implemented in January 2026. In Q2 2026, the service added 2 million subscribers to reach 81.6 million globally, driven by content including the Dutton Ranch franchise, UFC, and FIFA World Cup coverage in Latin America. Paramount+ ad revenue jumped 30% year-over-year in Q2 2026, and the service reported its lowest quarterly churn in its history.
The proposed acquisition of Warner Bros. Discovery, announced in February 2026, would potentially combine Paramount+ with WBD's Max streaming service. The deal faces regulatory challenges and is not expected to close before March 2027 at the earliest.
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.
Paramount+ does not hold independent sustainability certifications. As a streaming service, the environmental frameworks that apply to consumer goods brands do not directly apply. The primary environmental impact of streaming services is energy consumption from data centers and network infrastructure.
Paramount Skydance Corporation maintains environmental, social, and governance (ESG) initiatives across its operations. The company has published annual ESG reports covering on-screen content and social impact, workforce and culture, and sustainable production and operations. Paramount+ benefits from these corporate-level initiatives, particularly in sustainable production practices for original content.
The energy consumption of streaming video is a growing environmental concern. Data centers serving Paramount+ content require significant electricity for computing and cooling. Paramount Skydance has invested in renewable energy procurement for its operations, though specific energy consumption data for Paramount+ is not separately disclosed.
In the area of content responsibility, Paramount+ participates in Paramount's Content for Change initiative, which aims to counteract bias and stereotypes in media content. The streaming service features programming from diverse creators and has implemented content guidelines for original productions. The integration of CBS News content on Paramount+ raises questions about editorial independence within a commercial streaming platform, though no specific controversies have emerged.
Data privacy is a relevant ethical consideration for streaming services. Paramount+ collects subscriber data including viewing habits, payment information, and device data. The service operates under privacy regulations including GDPR in Europe and CCPA in California.
Skydance Merger Uncertainty (2024-2025): The year-long merger process between Skydance Media and Paramount Global, announced in 2024 and completed in August 2025, created uncertainty about Paramount+'s future direction. Questions arose about potential changes to content strategy, pricing, and technology under David Ellison's leadership. Ellison has since outlined plans to rebuild the Paramount+ platform and expand streaming globally.
Content Strategy Shift (2025): Internal documents revealed in 2025 showed Paramount planning a shift toward short-form videos and user-generated content, moving away from the platform's traditional focus on premium television and film. The proposed shift was criticized as potentially undermining Paramount+'s value proposition as a premium streaming service. It is unclear whether this strategy has been implemented under Ellison's leadership.
Warner Bros. Discovery Acquisition (2026): Paramount Skydance's proposed $110 billion acquisition of Warner Bros. Discovery, announced in February 2026, faces an antitrust lawsuit from state attorneys general. Critics argue the acquisition could reduce competition in the streaming market and concentrate too much media ownership. A trial is set for March 2027, with the closing delayed to as late as June 2027. Paramount faces a ticking fee of 25 cents per WBD share per quarter starting October 1, 2026, if the transaction is not closed.
60 Minutes Lawsuit and Merger Approval: The Skydance merger was nearly delayed by President Donald Trump's legal battle with CBS over 60 Minutes. Paramount agreed to pay a settlement to resolve the dispute, allowing the merger to proceed. The case raised concerns about political interference in media mergers and editorial independence at CBS News.
Technical Performance Issues: Paramount+ has faced criticism for technical problems during high-traffic events, including buffering and crashes during live sports streaming. The platform's technical infrastructure has been a focus of David Ellison's turnaround plan, with investments planned in the streaming technology platform.
Regional Content Gaps: Paramount+ faces criticism for varying content availability across international markets. Subscribers outside the US often cannot access the full content library, creating frustration and competitive disadvantage compared to global services like Netflix.
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Paramount Global | USA (studio) | 1912 | Mass market | Global | All-ages | |
| Bbc | United Kingdom | 2017 | Mass market | Global | All-ages | |
| Disney | USA | 2019 | Mass market | Global | All-ages | |
| Warner Bros Discovery | USA | 2020 | Premium | Global | All Genders | |
| Warner Bros Discovery | USA | 2020 | Premium | Global | All-ages | |
| Walt Disney Company | USA | 2007 | Mass market | Global | All Genders |
Media EntertainmentOwned by Paramount Skydance Corporation
American film and television studio founded in 1912. Flagship brand of Paramount Skydance Corporation (NASDAQ: PSKY).
Media EntertainmentOwned by British Broadcasting Corporation (BBC)
British television streaming brand split between BBC Studios' international service and ITV's integrated UK offering.
Media EntertainmentOwned by The Walt Disney Company
American subscription streaming service owned by The Walt Disney Company, providing access to Disney, Pixar, Marvel, Star Wars, and National Geographic content.
Media EntertainmentOwned by Warner Bros. Discovery
American subscription streaming service owned by Warner Bros Discovery, offering content from HBO, Warner Bros, DC, and Discovery. Rebranded from Max back to HBO Max on July 9, 2025.
Media EntertainmentOwned by Warner Bros. Discovery
American subscription video on-demand streaming service offering content from HBO, Discovery, Warner Bros., and other Warner Bros. Discovery properties. Rebranded from Max back to HBO Max in summer 2025. Reached 140M+ subscribers in Q1 2026, targeting 150M by year-end.
Media EntertainmentOwned by The Walt Disney Company
American subscription streaming service offering on-demand video and live TV, owned by The Walt Disney Company through its Disney Streaming subsidiary.
Market Positioning: Paramount+ competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Media EntertainmentOwned by India Today Group
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Media EntertainmentOwned by Sony Music Entertainment
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