Paramount Skydance Corporation owns film studios, television networks and streaming services, including Paramount Pictures and various cable television networks, formed through the merger of the previous Paramount Global with Skydance Media. Its business spans traditional linear television networks facing subscriber declines as more viewers shift to streaming, alongside its Paramount+ streaming service built to capture some of that shifting viewership. The company's film studio business produces movies for theatrical release and licensing to streaming platforms, giving it exposure to both traditional box office performance and the licensing value of its film library. Paramount Skydance's revenue combines declining traditional cable affiliate fees and advertising with growing streaming subscription revenue, reflecting the broader media industry transition from traditional television toward streaming-first content distribution.