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.

Paramount co-CEO Brian Robbins will exit the company following the closing of the media giant’s $8 billion merger with Skydance Media, announcing his departure to employees in a memo sent on Wednesday.

Brian Robbins is Co-CEO of Paramount Global, and President and CEO of Paramount Pictures and Nickelodeon, is reflecting on his time at the company amid his exit following the Skydance merger. “This moment of transition is,