Paramount president Jeff Shell is stepping down from his post amid a
legal battle
[April 09, 2026] NEW
YORK (AP) — Longtime media executive Jeff Shell is leaving Paramount, in
a move that arrives amid a messy legal battle and the Skydance-owned
company's ongoing efforts to take over Hollywood rival Warner Bros.
Discovery.
Paramount confirmed Wednesday that Shell had “elected to transition”
from his post as company president and member of the board of directors.
The company said its board reviewed allegations made in a recent lawsuit
alleging Shell had violated certain securities disclosure rules — but
found no evidence of such violation. Still, Paramount said the executive
had decided to focus on ongoing litigation.
“PSKY is grateful for Mr. Shell’s many contributions and to have relied
on him as a valued advisor,” Paramount said in a statement. The company
didn't immediately specify who would succeed Shell as president.
Last month, Shell was sued for fraud by a man named R.J. Cipriani, who
claimed he provided the Paramount executive with 18 months of crisis
communications services between 2024 and 2026 without any compensation.
In exchange for these services, Cipriani alleged that Shell had
initially said he would help him develop an English-language version of
a Spanish show already airing on Roku, but broke that promise. His March
9 complaint, filed in California, asserted he was now owed $150 million.
Cipriani also accused Shell of sharing non-public information and
comments related to Paramount's partnership with the Ultimate Fighting
Championship and proposed acquisition of Warner Bros. Discovery, which
his complaint argued violated federal securities rules.
Shell filed a counterclaim, accusing Cipriani of defamation and
extortion in what he called a “shakedown” for a “massive payday” for
services he said he didn't ask for. And he maintained that claims he had
shared confidential information about Paramount's UFC and Warner deals
were false.
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NBCUniversal CEO Jeff Shell poses for a photo at the 30th annual
Broadcasting and Cable Hall of Fame Awards gala at the Ziegfeld
Ballroom, April 14, 2022, in New York. (Photo by Evan Agostini/Invision/AP,
File)
 The legal battle has grown ever
since. Cipriani later added Paramount, CEO David Ellison and other
company leadership to his suit. Paramount on Wednesday maintained
that it would “respond in the proceedings to the frivolous and
baseless claims” made against the company and named board members.
Legal contacts for Shell declined to comment further.
This isn't the first time Shell has abruptly departed a top
corporate post. In 2023, Shell stepped down as CEO of NBCUniversal
over an inappropriate relationship he had with a woman at the
company, following an investigation from NBC parent Comcast.
Shell worked closely with Ellison throughout Skydance's acquisition
of Paramount, which closed just this past August. The company has
since set its eyes on an even bigger fish — Warner — in an $81
billion buyout that could vastly reshape Hollywood and the wider
media landscape. Following months of a drawn-out (and once hostile )
fight with Netflix over the Hollywood giant, Paramount and Warner
leadership struck a deal that shareholders are set to vote on April
23. And regulators are continuing to review it.
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