The Paramount CEO office of Chris McCarthy, George Cheeks and Brian Robbins is apt to look quite different once the Skydance-Paramount merger closes.

David Ellison plans sweeping changes at Paramount Global, including cuts at the company’s TV networks, billions of dollars more for streaming and an overhaul of top management, according to people familiar with his plans.

Paramount Global (NASDAQ:PARA) is expected to undergo sweeping changes, including cuts at the company’s TV networks, allocation of billions more for streaming, and a rejig of the top brass, Bloomberg reported Tuesday,

Paramount Global under Skydance Media is exploring combining all of Paramount's TV networks, including CBS and MTV, into one unit and consolidating teams across departments including programming and marketing,