The executive, who also heads up Paramount Pictures and Nickelodeon, was widely expected to depart once Skydance's David Ellison realized his goal of owning a legacy Hollywood studio.

Robbins led the storied Paramount Pictures since 2021. His exit was expected as Skydance intends to install a new film team.

Brian Robbins, who helped grow the Paramount+ streaming service, is stepping down as Paramount Global's co-CEO, according to a memo seen by Reuters on Wednesday, following the completion of its merger with Skydance Media.