Skydance outlines its planned $6 billion in cost savings
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Skydance plans to achieve at least $6 billion in cost savings over the next three years by combining two global streaming services, film and TV studio groups, television portfolios, and corporate functions. The company projects $2.2 billion from eliminating redundant back-office operations and management layers, $1 billion from streamlining marketing and promotional spending, $1.4 billion from unifying streaming and broadcast architecture, and $1.4 billion from optimizing third-party spend and consolidating purchasing.
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