Paramount Skydance Corporation is a major American entertainment conglomerate formed through the merger of Paramount Global and Skydance Media in July 2024, completed in August 2025. The company, headquartered in New York City, operates across film, television, and streaming platforms, including Paramount Pictures, CBS, MTV, Nickelodeon, and Paramount+. Tencent Holdings (腾讯控股腾讯控股有限公司), the Chinese tech giant, purchased a minority stake in Skydance in 2018 and now owns just under five percent of the merged company. Tencent’s holding drew scrutiny from US lawmakers in early 2025, shortly after the US Department of Defense labeled the tech giant a “Chinese military company.”