The Paramount CEO is inheriting the profitable streaming business David Zaslav spent years building, along with a debt sale that left bond investors nursing losses.
Paramount Skydance may soon own one of the deepest libraries in entertainment, but until it decides what kind of studio it wants to be, the merger risks becoming a very expensive identity crisis.
As Paramount re-enters the picture, Netflix co-CEOs Ted Sarandos and Greg Peters push regulators and investors to lock in the defining media merger of the streaming era.