The announcement was made in an internal newsletter to employees: Singh will step down as soon as the company finds a suitable replacement. He stated that the company has begun a structured succession planning process to find his successor.
After the two companies had presented an offer to acquire Paramount Global for $26bn, Paramount’s board decided to negotiate with all the suitors, including Skydance as well.
Disney, Max, Sky Showtime, Sony, and Warner Bros. Discovery will be among those attending, among others. Additionally, two keynote sessions have been announced as part of the three-day conference program, and they will be hosted by Warner Bros.