Liza Burnett Fefferman, Paramount's VP and head of communications, announced her departure from the company in a memo to staff.

"We’re positioned to grow operating income and adjusted operating income by double-digits this year and for years to come," Live Nation CEO Michael Rapino said in a statement.

A special 'Daily Variety' podcast takes a deep look at the history of Paramount Pictures as David Ellison's Skydance Media formally takes control.