The incoming house owners of Paramount World laid out their imaginative and prescient for the corporate — and why the deal is an efficient one for traders — in a name with Wall Road analysts early Monday morning.

Skydance CEO David Ellison, former NBCUniversal CEO Jeff Shell (who could be Paramount’s president when the deal closes) and Paramount’s three co-CEOs hosted the decision, answering questions from the investor group, whereas a presentation included a refreshed Paramount emblem…one which appeared to merge Skydance’s emblem with the legacy studio’s.

“The important thing thesis behind this transaction is our want to inject Skydance as a pure play content material firm, to double down on Paramount’s prowess as one of many world-class storytelling enterprises, and in addition guarantee the corporate is positioned to have the ability to increase right into a tech hybrid, to have the ability to transition to satisfy the calls for and desires of the evolving market,” Ellison informed analysts to open the decision.

Certainly, Skydance’s tech prowess was a recurring theme on the decision, from the corporate’s partnership with Oracle (based by Ellison’s father Larry Ellison, who’s among the many backers of the deal), to Ellison touting his mentorship from Apple’s Steve Jobs.

And naturally tech is a key piece of the streaming puzzle, which each Ellison and Shell elaborated on. Shell laid out a three-prong plan in streaming, together with a assessment of its content material technique, and determining what content material belongs the place.

“I’m an enormous political believer in windowing technique, and I feel there’s possibly a extra environment friendly solution to maximize the worth of our content material whereas proceed to be within the DTC enterprise,” Shell stated.

And Shell sounded open to partnerships with different firms.

“Our objective, David and my objective and the remainder of the workforce, is to win. We wish to make this firm the chief in leisure, and that goes for DTC too,” Shell stated. “So we’re going to be evaluating all choices to be a winner in DTC, and to be a winner in DTC actually means being within the final bundle that’s coming. We’ve received a bunch of inbound from a variety of folks about partnerships that might contain a partnership with one other participant or gamers, and so we’ll consider all that.”

And eventually, the executives reiterated that they imagine their tech background is vital.

“Our intention is to rebuild the Paramount+ platform. And imagine that with the technological prowess and relationships that we’ve got, we will increase our DTC enterprise,” Ellison stated, noting issues like revamping its advice engine, bettering promoting tech and unifying cloud suppliers.

“You’ve watched some extremely highly effective know-how firms transfer into the media area and accomplish that very efficiently,” Ellison added. “We imagine it’s important that we clearly transfer towards that course as a tech firm, which additionally goes again to what my core competency clearly is, and goes again to the important thing thesis with Skydance, which is that by bringing collectively know-how and media, that’s what’s important to have the ability to sort of chart a course ahead on this atmosphere.”

As for Paramount’s linear enterprise, Shell stated the plan is to handle their decline whereas additionally “restructuring and elevating” a number of the cable manufacturers, and that they’ve already recognized $2 billion in value efficiencies.

“We’ve received to run these companies otherwise as they as they do not want,” Shell stated. “So we’ve spent plenty of the previous couple of months actually constructing a bottom-up plan, and our objective is to handle the companies, significantly the linear companies, for money circulation era.”

He added that no matter their streaming technique finally ends up being, CBS might be on the coronary heart of it.

However Shell additionally stated that Skydance might “be supportive of” Paramount shedding a few of its belongings.

“There are belongings right here which we predict will not be strategic to the place we’re going, that if we have been to get a purchaser to pay a worth that we thought was compelling, we might completely do this,” Shell stated. “And we all know present administration can be speaking about a few transactions that, in the event that they get the appropriate worth, we’ll be supportive of.”

BET Networks, Paramount’s non-CBS native TV stations and VidCon are among the many belongings reportedly up for grabs.

On Sunday night time Skydance and Paramount introduced that they’d lastly reached a deal, one that may see Ellison’s firm purchase Shari Redstone’s Nationwide Amusements, in flip giving it management of Paramount. As soon as the deal closes (they anticipate approvals to take almost a yr), Paramount would purchase Skydance, with Ellison changing into CEO of the mixed firm, and Shell changing into its president.

The deal features a 45-day “go store” coverage, the place Paramount can see if another suitors emerge. If one does, and Skydance doesn’t match, Paramount would pay Skydance a $400 million breakup price.

Within the meantime, Paramount’s co-CEOs George Cheeks, Brian Robbins and Chris McCarthy will proceed to run the corporate.

“We now have the three co CEOs on the telephone right here, they’re all well-known to all of us,” Shell stated. “We’ve been associates for a very long time, Dave and I with all three of them. And you purchase these firms not only for the IP, however you purchase it for the folks and so past these three, we all know we’re getting plenty of nice, proficient folks at Paramount and we’re assured that this workforce goes to run this successfully throughout the subsequent time period as we wait to shut this enterprise.”

Shell, on Monday’s name, heaped reward on his future boss, arguing that he was the right particular person to run a media firm throughout this tumultuous interval.

“It’s been a very long time since a artistic govt ran one of many huge Hollywood firms,” Shell stated. “And I feel it’s actually essential when artistic is on the core, working with artists is the core of our enterprise, to have any individual like David operating the enterprise.”

Shell added: “Really, when you went right into a lab and designed the right govt for the next-generation Hollywood firm, you’ll actually spit out David Ellison, as a result of he not solely can go to a desk learn, however he can go to the subsequent room and code too.”