Paramount’s three-headed leadership structure will reportedly get shelved once the $8 billion merger with Skydance Media goes through — with two of the co-CEOs likely getting pushed out. David Ellison,

David Ellison plans sweeping changes at Paramount Global, including cuts at the company’s TV networks, billions of dollars more for streaming and an overhaul of top management, according to people familiar with his plans.

Paramount Global (NASDAQ:PARA) is expected to undergo sweeping changes, including cuts at the company’s TV networks, allocation of billions more for streaming, and a rejig of the top brass, Bloomberg reported Tuesday,