Business UpdateMay 13, 2026, 05:22 PM
Paramount Skydance Recasts Historical Segment Information
AI Summary
Paramount Skydance Corporation is recasting its historical segment information for the period from August 7, 2025, to December 31, 2025, to reflect a new reporting structure implemented in 2026. The new segments are Studios, Direct-to-Consumer, and TV Media, which consolidate content creation and reallocate certain premium channels and centralized costs. The company notes that results for the Successor period (post-August 7, 2025) are not comparable to Predecessor periods due to a new accounting basis established from the NAI and Skydance transactions. This update also briefly references the ongoing merger agreement with Warner Bros. Discovery.
Key Highlights
- Recast historical segment information for the period from August 7, 2025, to December 31, 2025.
- Transitioned to three new segments effective 2026: Studios, Direct-to-Consumer, and TV Media.
- Studios segment now combines historical Filmed Entertainment and TV Media studio operations.
- Paramount+ with Showtime moved from the TV Media segment to the Direct-to-Consumer segment.
- Certain centralized costs are now reported within corporate expenses, not allocated to segments.
- Successor period results (post-August 7, 2025) are not comparable to Predecessor periods.
- Recast information updates specific sections of the 2025 Form 10-K, including Business and MD&A.
Price Impact
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