The "Yellowstone" creator, Paramount and billionaire Ross Perot Jr. have joined forces on a massive new studio just as Texas has gone big on a new tax incentive program for films and television.

Post-merger, New Paramount is setting out to make a splash with buzzy talent deals and (hopefully) big blockbusters. But the incoming Skydance overlords aren’t going to turn their noses up at what was already working with the studio,

Taylor Sheridan’s name came up a lot at the Los Angeles press event this week with the new Paramount leadership as virtually every top executive hailed the prolific creator’s business as a top TV asset of the combined Skydance-Paramount Global company.