Aug 6 (Reuters) - Brian Robbins, who helped grow the

Paramount+ streaming service, is stepping down as Paramount

Global's ( PARAA ) co-CEO, according to a memo seen by Reuters on

Wednesday, following the completion of its merger with Skydance

Media.

David Ellison, the CEO of Skydance, will lead the new

company as chief executive after the merger is completed by

August 7.

"The company is in exceptionally capable hands with David

Ellison and the incoming team from Skydance," Robbins said in

the memo.

Robbins, who joined the company in 2017, was appointed

co-CEO in April last year, along with George Cheeks and Chris

McCarthy, with the three collectively succeeding Bob Bakish.

McCarthy's departure was reported last month, while Cheeks

will remain with the company as its chair of media, overseeing

its broadcast and cable television business.

Robbins was named CEO of Nickelodeon in 2018, and became the

chief of Paramount Pictures in 2021.

As CEO of Paramount Pictures, Robbins has overseen 17 number

one releases at the box office and has overseen franchises

including "Sonic the Hedgehog," "A Quiet Place," and "Mission:

Impossible."

After the deal closes, the company is expected to be

structured into three primary business segments - studios,

direct-to-consumer and TV media.