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Brian Steinberg
Senior TV Editor
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Variety via Getty Images Paramount Skydance said second-quarter profit fell, even as the company was boosted by its streaming media and studios operations, while its large TV division shed ad dollars and subscribers. David Ellison, the company’s CEO, vowed that its deal to acquire Warner Bros. Discovery would close, despite legal setbacks that have slowed the transaction.
“While there is still significant work to be done, our confidence in the opportunity continues to grow, and we’re excited for the future of this company powered by storytelling and accelerated by technology,” Ellison said in a letter to shareholders Tuesday.
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