From Wrestling Rings to Boardroom Brawls: Businesses That Shook Hollywood and Beyond
- Jessica Ramirez
- Aug 9
- 2 min read
Paramount merges with Skydance to create a new media titan ESPN drops $1.6B on WWE streaming rights and global players like CJ ENM quietly plot their entertainment empire moves—Hollywood business chaos at its finest.
The Paramount + Skydance Cinematic Universe (But Corporate)
In a move that could be the pilot episode of “Corporate Thrones,” Paramount Global has officially tied the knot with Skydance Media in an $8 billion merger. Enter David Ellison—the new CEO and chairman—armed with a vision that includes AI upgrades, streaming dominance, and the kind of cost-cutting that sends accountants into happy tears and employees into nervous sweats.
Trading under PSKY, the new mega-studio wants to be the Apple of Hollywood—minus the overpriced headphones. Oh, and they might just get their hands on TikTok U.S. if Oracle’s rumored plans come to life.
Brian Robbins Exits Stage Left
Fresh on the heels of the merger, Brian Robbins, Paramount’s co-CEO, is out. No long speeches, no farewell tour—just a “thanks and goodbye” memo. The restructuring splits the empire into three main kingdoms: Studios, Direct-to-Consumer, and TV Media. Translation: adapt or vanish.
ESPN Body Slams the Competition
Over in sports land, ESPN dropped $1.6 billion to snatch exclusive WWE streaming rights. That’s right—wrestling’s biggest moments will now stream under the ESPN banner. Cable sports channels? Might want to start polishing those résumés.
CJ ENM’s Quiet Power Play
Across the Pacific, CJ ENM—South Korea’s entertainment giant—just put a lawyer in the CEO chair. And not the boring “contracts only” type. This one’s using legal strategy and creative vision to push into global markets while keeping the home turf locked down.
Media giants are merging, leaders are jumping ship, wrestling is going premium, and international players are moving pieces on the global board. If this were a movie, the tagline would be: “Adapt, Merge, or Get Streamed Over.”
Stay tuned for updates and more in-depth coverage of your favorite celebrities and entertainment news! Create a free membership account with us today!
Follow | @diaanimedia
Dia'ani TV | Stream. Enjoy. Repeat.
celebrity business news Paramount Skydance merger David Ellison CEO Disney streaming profits ESPN WWE streaming rights CJ ENM CEO Hollywood business deals entertainment industry shakeups media mergers 2025 streaming wars corporate shakeup news wrestling streaming rights Hollywood leadership changes global entertainment companies
Comments