Paramount has set the base salaries for its new C-suite on the heels of Skydance closing its $8 billion acquisition of the media giant.
David Ellison, founder of Skydance and now CEO of Paramount, will receive a base salary of $3.5 million, as will Paramount president Jeff Shell, according to financial documents filed with the Securities and Exchange Commission Thursday. They will each be entitled to an annual bonus targeted at $1.5 million each. Also as part of Ellison’s compensation package, the CEO will receive company-paid personal security services.
Additionally, the merged company reported it will be giving Paramount Global’s now-exited co-CEOs Chris McCarthy and Brian Robbins payouts of approximately $18 million each.
McCarthy will receive $18.3 million while Robbins will be given $18.6 million, both payouts that will come in addition to the execs’ 2025 salaries. (In 2024, McCarthy’s salary at Paramount was $19.5 million; Robbins’ was $19.6 million).
Meanwhile, McCarthy and Robbins’ fellow Paramount Global co-CEO George Cheeks will remain at Paramount under Skydance ownership, but has now transitioned to the role of chair of TV media.
More to come…
