Skydance plans to achieve at least $6 billion in cost savings over the next three years across an expense base exceeding $50 billion. The company expects $2.2 billion in savings from eliminating redundant back-office and corporate functions, removing management layers, increasing the use of artificial intelligence and rationalizing its office footprint. It also targets $1 billion in marketing and promotional savings, $1.4 billion from unifying its streaming businesses and broadcast architecture, and $1.4 billion from optimizing third-party spending and centralizing purchasing decisions. Skydance has already offered voluntary buyouts, adopted a five-day-per-week office policy and seen the departure of eight executives, while Paramount+ and HBO Max will initially be offered as a bundle early next year before their full merger. For the legacy Paramount Skydance business, third-quarter revenue reached $7.03 billion and adjusted earnings before interest, taxes, depreciation and amortization totaled $1 billion, excluding the impact of the Warner Bros. Discovery acquisition.
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