Tom Ryan, President & CEO, Paramount Streaming, is departing the company following its merger with Skydance.

Tom Ryan, president and CEO of Paramount Streaming, is stepping down. Ryan notified Paramount staffers of his departure in an internal note, which Variety has obtained and can be read in full below.

Ryan, who founded Pluto TV before joining Paramount after it was sold to the company, will advise incoming DTC chief Cindy Holland during a transition period.