In recent years, this once-grand peak has seen more than its share of erosion, as Paramount has fallen behind its studio rivals and struggled to adapt to the advent of streaming. Still, with a historic lot in the heart of Los Angeles and a stable of hit franchises,

Paramount — to form what the Skydance team for now is calling “New Paramount.” About $6 billion of the money to fund the deal is coming from the family of Oracle founder Larry Ellison (David’s father),

Paramount Global, the sprawling media empire behind CBS, MTV, and one of Hollywood’s most storied movie studios, has agreed to merge with technology scion David Ellison’s Skydance Media, ending years of speculation over the company’s fate.