This week, Paramount will release the video game film "Street Fighter," which marks the beginning of the trickiest high-wire act in Hollywood history as Skydance's new film empire gets underway.

Paramount has cleared the final hurdle in its year-long race to take over Warner Bros. Discovery. Now comes the really hard part.

Tom Cruise is confident David Ellison will deliver on his promise of 30 films a year from a combined Paramount and Warner Bros. “I think it’s awesome,” Cruise told “The Pat McAfee Show.” “You know, ...