National Amusements was historically owned and controlled by the Redstone family, with Sumner Redstone leading the company until his death in 2020. Afterward, control passed to a trust led by his daughter Shari Redstone. However, in July 2024, David Ellison's Skydance Media announced its intent to acquire National Amusements and subsequently merge with Paramount Global to form Paramount Skydance Corporation. This merger was approved and completed in 2025, with National Amusements being absorbed into Paramount Skydance. Following the merger, National Amusements operates as part of Paramount Skydance, with Skydance Media's David Ellison involved in leadership. As of August 2025, Paramount Skydance announced exploring a possible sale of National Amusements' assets. In summary, ownership has shifted recently from the Redstone family to the Skydance consortium led by David Ellison, through acquisition and merger, and National Amusements is now under the umbrella of Paramount Skydance Corporation.
