Skydance Sets Finance Leadership Team Following Paramount-Warner Bros. Merger

Key Points:

• Skydance Corp., formed from the Paramount-Warner Bros. Discovery merger, announced its new finance leadership team led by CFO Dennis Cinelli to oversee financial operations and support the company's $6 billion annualized cost savings goal.
• The combined Paramount-WBD business is projected to generate nearly $70 billion in annual revenue with approximately $80 billion in net debt.
• Cinelli praised employees from both legacy companies for their efforts during the acquisition and emphasized the finance team's critical role in driving business decisions and operational excellence.
• The new finance leadership structure includes corporate leaders and business unit CFOs who report both to Cinelli and their respective business unit heads, with Bryon Rubin moving from CFO of TV Media to COO of Skydance Television.
• Cinelli highlighted six guiding pillars for the finance organization aimed at integrating the merged businesses and maintaining high performance throughout the transition.