Paramount Global has reached a new contract agreement with Dede Lee to produce government relations initiatives.
The new agreement, scheduled to run through December 31, 2028, comes ahead of the studio’s merger with Skydance Media and the inauguration of the Trump administration in Washington, D.C., paving the way for greater industry consolidation. There is a possibility that it will be opened. When CBS and Viacom merged in 2019 to become ViacomCBS, Lee became executive vice president of global public policy and government relations.
She reported to Bob Bakish when he became president and CEO of ViacomCBS, the same title he held at Viacom. In the latest structure, Paramount Global, led by the co-CEO trio of George Cheeks, Chris McCarthy and Brian Robbins, faces a new restructuring ahead of its planned merger with Skydance Media in 2025. I am doing it.
The move was announced by Shari Redstone, Paramount Global’s controlling shareholder, along with David Ellison and Skydance Media, the producers of Top Gun: Maverick, Paramount Pictures, CBS, Showtime, Nickelodeon, MTV and Paramount. This follows the reaching of an agreement that brings together the owners of +. and other assets.
The companies estimate that the new Paramount will be worth $28 billion. Lear’s new deal comes amid mounting speculation that the incoming Trump administration will ease regulations to allow more mergers and acquisitions.
Leah has served as senior vice president of global government at Viacom since 2013, starting her career with the company in 1997. Under the new deal, Lear’s annual base salary will remain at $1 million, and his annual cash bonus target under the studio’s short-term incentive plan will increase to $110. % of her annual base salary.
In addition, her annual stock award vesting target under the long-term incentive plan has been increased to $1.25 million.
