Paramount Skydance Corp

Paramount Skydance Corporation, often referred to as Paramount Skydance or simply Paramount, is an American multinational mass media and entertainment conglomerate. The company was officially formed on August 7, 2025, through the merger of Paramount Global, National Amusements, and Skydance Media. It is publicly traded on the Nasdaq Stock Market LLC under the ticker symbol "PSKY." Its primary corporate headquarters are located at the Paramount Pictures lot in Hollywood, Los Angeles, California, with a secondary operational headquarters in New York City. The company employs approximately 17,600 people, with a reported market capitalization of about $11.71 billion and annual revenue of roughly $29.05 billion.

Paramount Skydance operates across three core business segments: Studios, Direct-to-Consumer, and TV Media. The TV Media segment includes the CBS television network, domestic and international broadcast and cable networks such as Nickelodeon, MTV, BET, Comedy Central, and Showtime, along with digital properties like CBS News 24/7. Its Studios segment encompasses Paramount Pictures and Skydance's animation, film, television, and interactive divisions, responsible for producing and distributing movies and television series. The Direct-to-Consumer segment manages its portfolio of streaming services, including Paramount+, Pluto TV, and BET+.

In terms of patent litigation, Paramount Skydance Corporation currently holds a defensive posture. The company has been involved in one tracked case as a defendant and zero as a plaintiff, indicating it is an operating company facing patent infringement allegations rather than an entity primarily asserting patents. The single tracked case, Nokia Tech Oy v. Paramount Skydance Corp et al., was filed in the District of Delaware on August 21, 2025.

The notable case against Paramount Skydance Corp involves Nokia Tech Oy, a patent licensing arm of Nokia. Nokia alleges that Paramount Skydance's streaming platforms, including Paramount+, Pluto TV, and BET+, infringe several of its patents related to video streaming technology, specifically those covering video encoding and decoding processes. Nokia claims that licensing discussions began in 2022 but did not result in an agreement, leading to the lawsuit.