Skydance details cost cuts, sets streaming bundle for early next year

Skydance has announced plans to cut $6 billion in costs and will launch a new streaming bundle early next year, aiming to drive growth after its recent merger. The company highlighted a 21 % increase in Paramount+ revenue during the third quarter, positioning its streaming offerings as a key driver of future performance. The cost‑reduction initiative and streaming strategy are expected to strengthen its competitive stance in the media market.