Skydance (PSKY) risk factors: FY2025 10-K

1. If our streaming business is unsuccessful, our business, financial condition or results of operations could be adversely affected.
2. Our advertising revenues have been and may continue to be adversely impacted by several factors, including changes in consumer behavior and advertising market conditions.
3. We operate in highly competitive and dynamic industries and our business, financial condition or results of operations could be adversely affected if we do not compete effectively.
4. The unpredictable and constantly shifting nature of consumer behavior, as well as evolving technologies and distribution models, have affected, and could continue to adversely affect, our business, financial condition or results of operations.
5. Decisions to invest in new businesses, products, services and technologies, and the evolution of our business strategy, could adversely affect our business, financial condition or results of operations.
6. The loss of affiliation and distribution agreements, renewals on less favorable terms or adverse interpretations thereof could have an adverse effect on our business, financial condition or results of operations.
7. Damage to our reputation or brands could adversely affect our business, financial condition or results of operations.
8. Losses due to asset impairment charges for goodwill, content and long-lived assets, including finite-lived intangible assets, could have an adverse effect on our business, financial condition or results of operations.
9. Our liabilities related to discontinued operations and former businesses could adversely affect our business, financial condition or results of operations.
10. Increasing scrutiny of, and evolving expectations for, sustainability initiatives could increase costs, harm our reputation or otherwise adversely impact our business, financial condition or results of operations.

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1. Disruptions or failures of, or attacks on, our or our service providers’ networks, information systems and other technologies could result in the disclosure of business or personal information, disruption of our businesses, damage to our brands and reputation, and legal exposure and financial losses.

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1. Challenges in protecting and maintaining our intellectual property rights could have an adverse effect on our business, financial condition or results of operations.

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1. Economic and political conditions in the U.S. and around the world could have an adverse effect on our business, financial condition or results of operations.

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1. We are subject to complex, often inconsistent and potentially costly laws, regulations, industry standards and contractual obligations relating to privacy and data protection.
2. Changes and uncertainties with respect to taxes in the jurisdictions in which we operate may have an adverse effect on our business, financial condition or results of operations.

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1. The inability to hire or retain key employees or secure creative talent could adversely affect our business, financial condition or results of operations.
2. Labor disputes could disrupt our operations and adversely affect our business, financial condition or results of operations.

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1. Combining Paramount Global’s and Skydance’s businesses may be more difficult, time-consuming or costly than expected and the actual benefits of the combination may be less than expected, either or both of which may adversely affect our future results.
2. Several lawsuits have been filed in connection with the Transactions and additional lawsuits may be filed in the future challenging the Transactions. An adverse ruling in any such lawsuit could result in substantial costs and otherwise adversely affect our business, financial condition or results of operations.

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1. We have experienced, and may continue to experience, volatility in the price of our Class B Common Stock.
2. Our dual class capital structure and the concentrated control by the entities controlled by the Ellison Family may adversely affect our stock price or business.
3. If the entities controlled by the Ellison Family sell a controlling interest in our Company to a third party in a private transaction, our stockholders may not realize any change of control premium on shares of our Class B Common Stock and we may become subject to the control of a presently unknown third party.

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1. We are exempt from certain corporate governance requirements because we are a “controlled company” within the meaning of Nasdaq rules, and as a result our stockholders do not have the protections afforded by these corporate governance requirements.
2. Holders of our Class B Common Stock have no voting rights and, as a result, do not have any ability to influence stockholder decisions.
3. Anti-takeover provisions contained in our Charter and Bylaws, as well as provisions of Delaware law, could impair a takeover attempt.
4. The provisions of our Charter requiring exclusive venue in the Court of Chancery of the State of Delaware for certain types of lawsuits and the federal district courts of the U.S. for the resolution of any complaint asserting a cause of action under the Securities Act may have the effect of discouraging lawsuits against our directors and officers.
5. The competitive opportunity provisions in our Charter could enable certain directors, principals, officers, employees, members and/or equity holders or their respective affiliates to benefit from competitive opportunities that might otherwise be available to us.
6. We are a holding company, and our principal assets are equity interests in our subsidiaries and, accordingly, we are dependent upon distributions from our subsidiaries to pay taxes and other expenses.

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