Team,

As reported by Status and Variety, Paramount-Skydance President Jeff Shell is negotiating his exit following a lawsuit accusing him of sharing confidential information with an external party.

Shell, who previously was ousted from NBCUniversal in 2023, was set to lead the newly merged Paramount-Skydance-WBD entity, but these legal troubles have expedited his potential departure. We will keep you updated as this story develops.

Thank you for your continued support.