Paramount Global's Co-CEOs have secured change-in-control pay plans and cash bonuses in connection to their promotion. The company has granted severance benefits and cash bonuses to the Co-CEOs. Amid a merger saga, Paramount updates pay packages for the Office of CEO trio and re-ups Chief People Officer Nancy Phillips. The special committee of the board is set to vote on the documentation of the Skydance deal. National Amusements confirms talks with Skydance are off, and the Paramount board's special committee did not vote on Skydance's offer after being informed by a National Amusements representative that there was no deal with Skydance. Paramount Global is focusing on optimizing asset mix by divesting some businesses to pay down debt and prioritizing investment in franchises, films, series, and sports.