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Heard on the Street Monday Recap: Jet Wash

·1 min

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Skydance Media is set to merge with Paramount Global, with Skydance CEO David Ellison leading the combined company. The merger aims to “unify” the rights to key intellectual property, including “Top Gun: Maverick,” which was produced by both companies. Ellison also highlighted plans to use artificial intelligence to enhance creativity and streamline production processes. The deal is seen as a response to the current focus on Wall Street’s interest in AI.