Source: This story originated with Deadline.

Turner Classic Movies is moving into a new corporate home following Skydance’s combination of Warner Bros. Discovery and Paramount.

According to Deadline, TCM will be housed within Skydance Motion Picture Group, now led by Co-Chairs Dana Goldberg and Josh Greenstein. The channel, known for airing classic films including They Shoot Horses, Don’t They?, The Blob and The Asphalt Jungle, had previously fallen under Warner Bros. Motion Picture Group leadership.

The restructuring gives TCM a defined place inside the newly combined company at a time when Skydance is also reorganizing its extensive television and cable portfolio.

A closely watched corporate shift

TCM’s position within the business has attracted significant attention before. Three years ago, following the previous merger involving Warner Bros., filmmakers Steven Spielberg, Martin Scorsese and Paul Thomas Anderson called an emergency meeting with David Zaslav to discuss the network’s restructuring.

After the filmmakers became involved, Warner Bros. Motion Picture Group bosses Mike De Luca and Pam Abdy took responsibility for TCM. De Luca and Abdy subsequently left ahead of the Paramount-Warner Bros. Discovery deal.

Under that earlier arrangement, the two executives reported to then-U.S. Networks Chief Kathleen Finch on matters involving the channel. Some operational parts of the business remained in Channing Dungey’s portfolio when she assumed Finch’s network responsibilities in 2025.

The latest move keeps TCM connected to film leadership, though the names at the top have changed. Goldberg and Greenstein said earlier this week that they consider themselves “stewards of two of the most storied studios in Hollywood history,” a description that aligns with the kind of film-focused oversight represented by TCM’s placement within their group.

Skydance reshapes its cable operations

TCM’s shift comes amid a broader realignment of more than 50 cable networks across Skydance.

Dungey now oversees all of those networks, adding Paramount properties including MTV, Comedy Central, BET and Nickelodeon to her responsibilities. She reports to George Cheeks, Co-Chair and Chief Content Officer of Skydance TV, and JB Perrette, Co-Chair and Chief Business Officer of Skydance TV and Skydance DTC.

Skydance has also made a significant appointment on the distribution side. Ray Hopkins was recently named President, Distribution, with responsibility for negotiations involving pay-TV operators and the company’s 50-plus cable networks, as well as CBS.

Those agreements will be an important source of revenue for the debt-laden company. The appointment places Hopkins at the center of the commercial relationships supporting the larger collection of networks now under Skydance’s umbrella.

ShowBiz Take

TCM’s new position matters because the channel has already been the subject of high-level scrutiny during an earlier Warner Bros. restructuring. Spielberg, Scorsese and Anderson’s emergency meeting with Zaslav showed how closely changes involving the network were being watched.

Housing TCM within Skydance Motion Picture Group preserves a direct organizational connection to the film side of the company rather than treating the channel solely as one part of a cable portfolio. At the same time, its operational context remains tied to a much larger network business overseen by Dungey and supported by Hopkins’ distribution negotiations.

That makes the move part of two parallel post-merger priorities: establishing a film-focused home for TCM and organizing the commercial and management structure surrounding Skydance’s more than 50 cable networks.

What Happens Next?

Goldberg and Greenstein will lead the motion-picture group in which Deadline reports TCM will be housed, while Dungey continues overseeing the company’s expanded cable-network portfolio. Hopkins, meanwhile, will handle upcoming pay-TV negotiations covering those networks and CBS, with the resulting distribution deals expected to provide needed revenue for Skydance.