Paramount Skydance Corp

References to Paramount, the Company, we, us and our refer to Paramount Skydance Corporation and its consolidated subsidiaries, unless the context otherwise requires. Overview We are a global media and entertainment company with a portfolio that includes Paramount Pictures, Paramount Television, CBS, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV and Skydance Media, LLC’s ( Skydance ) animation, interactive/games and sports divisions. Warner Bros. Offer On December 8, 2025, we announced a cash tender offer for all of the outstanding shares of Series A Common Stock, par value $0.01 per share (the Warner Bros. Shares ), of Warner Bros. Discovery, Inc., a Delaware corporation ( Warner Bros. ), at $30.00 per Warner Bros. Share (the Offer ). The Offer is subject to several conditions and is scheduled to expire on March 2, 2026, unless further extended. On December 22, 2025, we amended the Offer to include an irrevocable personal guarantee from Lawrence Ellison of the equity financing for the Offer and any damages payable by us. On February 10, 2026, we further amended the Offer to provide for a $0.25 per Warner Bros. Share in cash ticking fee for every quarter the transaction does not close beyond December 31, 2026, and a prepayment of the $2.8 billion termination fee payable by Warner Bros. to Netflix, Inc., a Delaware corporation ( Netflix ), upon termination of the merger agreement between Warner Bros. and Netflix. On January 22, 2026, we filed preliminary proxy materials with the SEC to solicit Warner Bros.