Investors in the newly merged Skydance-Paramount entity should be aware of significant ongoing litigation that spans multiple jurisdictions, including Antigua & Barbuda, the United Kingdom, and U.S. federal courts. These legal challenges stem from allegations concerning the legacy governance of CBS/Paramount under Shari Redstone and related media conduct.



Details from the ongoing proceedings reveal troubling claims of negligence surrounding the distribution of child sexual abuse material (CSAM), facilitated under the CBS/Viacom/CNET infrastructure. Archived evidence shows that CBS-controlled networks enabled the circulation of exploitative material while ostensibly championing anti-piracy measures.



Important cases include:



  • In Antigua, allegations against CBS Interactive highlight their role in the distribution of illegal content via peer-to-peer platforms.

  • The UK High Court is addressing governance issues that may implicate Shari Redstone and could involve significant penalties for the new entity.

  • Federal cross-complaints cite patterns of corruption and narrative suppression linked to legacy CBS management.



As investors consider their exposure to the newly formed entity, potential risks include:



  • Litigation Costs: Cross-border legal proceedings may lead to significant financial burdens, impacting overall company valuations.

  • Reputational Damage: Ongoing litigation could attract increased regulatory scrutiny and media attention, potentially harming public perception of the company.

  • Governance Risks: Allegations of past non-responsiveness and oversight failures may lead to shareholder actions or further legal repercussions.



To ensure transparency, investors are encouraged to contact Paramount/Skydance's Investor Relations, advocating for a formal disclosure of the company's legal exposures and governance evaluations. It is crucial that all relevant records be preserved for compliance with current investigations.



For those interested in deeper insights, key details can be found in related investigations and court filings, which highlight a need for careful analysis as the company moves forward under new leadership.