MAM
Jeff Shell departs as president of Paramount Skydance
Media executive exits amid legal battle with professional gambler.
MUMBAI: Jeff Shell has just had another high-profile exit from a major media company and this time, the drama involves a $150 million lawsuit and allegations of leaked secrets. The former NBCUniversal CEO is stepping down as president of Paramount Skydance to focus on defending himself against a lawsuit filed by professional gambler R.J. Cipriani. Cipriani claims Shell owes him $150 million for crisis communications services and accuses the executive of sharing confidential information about Paramount Skydance, including details of a potential $111 billion Warner Bros. Discovery acquisition and a $7.7 billion UFC rights deal.
Paramount Skydance confirmed Shell’s departure on Wednesday, stating that he is leaving to prioritise the lawsuit. The company added that an independent investigation found no violation of securities laws by Shell.
In a strongly worded statement, Paramount Skydance described Cipriani’s claims as “frivolous and baseless” and said Shell had promptly notified the company of the accusations. Shell has filed a countercomplaint, accusing Cipriani of extortion and defamation.
This marks Shell’s second major exit in three years. He was ousted from NBCUniversal in April 2023 following an internal investigation into an “inappropriate” relationship with an employee who had filed a complaint of sexual harassment and sex discrimination. He joined Paramount Skydance in July 2024 as David Ellison’s right-hand man.
Shell was tasked with overseeing day-to-day operations during the integration of Skydance Media and Paramount Global. He played a key role in identifying cost savings and job cuts ahead of the potential Warner Bros. Discovery merger.
His sudden departure adds to the turbulence at Paramount Skydance as it navigates a massive merger, expected layoffs, and leadership transitions. David Ellison now faces the challenge of managing the brain drain while closing one of the biggest media deals in recent years.
In the cut-throat world of Hollywood dealmaking, Jeff Shell’s exit shows that even seasoned executives can find themselves caught in a plot twist they didn’t see coming. The credits on this particular chapter are still rolling.
AD Agencies
Prakash Nair reportedly quits Ogilvy after 23 years
One of the agency’s longest-serving leaders has moved on, with his next destination still unknown
MUMBAI: After more than two decades at one address, Prakash Nair has left the building. The president and head of office, north at Ogilvy has moved on from the agency, according to highly placed industry sources. His next move remains unknown. Ogilvy did not respond to requests for comment.
Nair spent over 23 years at the agency, making him one of its longest-serving senior figures. He was elevated to lead the Gurugram office in April 2022, a role that put him at the helm of Ogilvy’s northern operations at a time of considerable churn across the advertising industry.
Before taking charge in the capital, Nair served as associate president at Ogilvy Mumbai, where he worked on some of the agency’s most prized accounts, including Mondelez, Tata Motors, and BP Castrol. Over the years, he built a reputation for driving modern, integrated, and award-winning work, the kind that wins metals at Cannes and keeps clients from straying.
His departure was marked in style. A farewell gathering was held in Delhi, attended by senior figures from across the advertising fraternity, a signal of the regard in which Nair is held in an industry that does not always pause to say goodbye properly.
Where he goes next is the question the industry is now asking. After 23 years at one of the world’s most storied agencies, the answer, when it comes, will be worth watching.
