PARAMOUNT NAMES MAKAN DELRAHIM CHIEF LEGAL OFFICER

LOS ANGELES, Sept. 25, 2025 – Paramount Skydance Corporation (Nasdaq: PSKY) has tapped Makan Delrahim as its new Chief Legal Officer, effective October 6, 2025. Delrahim will lead all legal, regulatory, compliance, and public policy initiatives for the media conglomerate, including overseeing Paramount’s Government Relations team. The move signals a strategic push by Paramount in a rapidly evolving regulatory landscape.

Delrahim’s appointment comes at a pivotal time for Paramount, as the company navigates the complexities of digital disruption, content monetization, and potential further consolidation within the media sector. His deep understanding of antitrust law, coupled with his experience advising clients on complex mergers and acquisitions, positions him as a key player in shaping Paramount’s future strategic direction.

Prior to joining Paramount, Delrahim was a Partner at Latham & Watkins LLP, offering counsel on high-stakes transactions and regulatory issues. Notably, he and his firm provided legal counsel to Skydance Media during its acquisition of Paramount, giving him intimate knowledge of the company’s inner workings and future ambitions. Before Latham & Watkins, Delrahim served as the Assistant Attorney General overseeing the U.S. Department of Justice’s Antitrust Division, a role that gave him extensive experience in antitrust enforcement and regulatory policy.

“We’re thrilled to welcome Makan to the Paramount leadership team,” stated David Ellison, Chairman and CEO of Paramount, a Skydance Corporation. “His longstanding collaboration with the Skydance team gives him a unique perspective and provides a strong foundation for our work together as we pursue our vision for the future of Paramount. Makan brings a strategic mindset and a strong track record of navigating complex, cross-sector challenges – qualities that will be instrumental as we shape the next chapter of Paramount and deliver sustained value to our investors, partners, and audiences.”

“I’m honored to join Paramount at such a dynamic and transformative time for the media industry,” said Delrahim. “This is a sector where business, technology, and culture converge in increasingly complex ways, creating both challenges and extraordinary opportunities. Throughout my career, I’ve worked at the intersection of law, policy, and innovation, and I look forward to contributing that experience as part of Paramount’s world-class leadership team. I’m excited to support the Company as it continues to lead, evolve, and ultimately help shape the future of entertainment.”

Stephanie Kyoko McKinnon, the Company’s General Counsel and Acting Chief Legal Officer, will continue as General Counsel, reporting to Delrahim.

Delrahim’s Background Signals Focus on Regulatory Strategy

Delrahim’s extensive background in antitrust law and government regulation signals Paramount’s increased focus on navigating the complex legal and regulatory landscape facing the media and entertainment industry. His experience at the Department of Justice, specifically overseeing the Antitrust Division, provides him with invaluable insights into the government’s approach to media mergers, content distribution agreements, and competition issues. His expertise will be particularly crucial as Paramount seeks to adapt to new technologies and business models, including streaming services and digital advertising.

Beyond his government service, Delrahim’s work with private equity firms and media companies highlights his deep understanding of the financial and operational challenges facing the industry. His experience advising clients on mergers and acquisitions will be essential as Paramount explores potential strategic partnerships and acquisitions to expand its reach and competitiveness.

Delrahim is an Adjunct Lecturer in Law at the University of Pennsylvania, holding an M.S. in Biotechnology from Johns Hopkins University, a J.D. from George Washington University Law School and a B.S. from the University of California. He has also completed certificate programs in Machine Learning, Blockchain and Producing at MIT’s Sloan Graduate School of Management and UCLA School of Theater, Film and Television respictively.

About Paramount, a Skydance Corporation

Paramount, a Skydance Corporation (Nasdaq: PSKY), is a global media and entertainment company operating across Filmed Entertainment, Direct-to-Consumer, and TV Media segments. Its portfolio includes brands such as Paramount Pictures, CBS, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance’s Animation, Film, Television, Interactive/Games, and Sports divisions. The company’s future success hinges on its ability to adapt to shifting consumer preferences, compete effectively in the streaming wars, and leverage its diverse portfolio of content assets.

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