‘Transaction award’ | Paramount's Chief People Officer to land $1m payout for retaining key staff during Skydance sale

Multimedia and entertainment conglomerate Paramount Global will pay its Chief People Officer a $1million bonus if she can retain key staff during the company’s ongoing sale to Skydance.

Paramount is being sold by Shari Redstone, whose father bought the Hollywood studio in 1994, to Skydance, a media production and finance company.

The sale has been a drawn-out process. The $8billion acquisition was agreed in July 2024 after six months of negotiations and is expected to be completed in the first half of 2025.

Why is Paramount giving executives million-dollar bonuses?

To navigate the sale, Paramount has promised its executives hefty bonuses and stock grants.