EXHIBIT 10.11
Paramount Skydance Corp
Form of LOCK-UP AGREEMENT
This lockup agreement (this “Agreement”) is hereby entered into by and among [ ] (collectively, the “Parties” and each, individually, a “Party”) and Paramount Skydance Corporation (the “Company”) as of October 6, 2026 (the “Effective Date”) in connection with (a) the acquisition by the Company of Warner Bros. Discovery, Inc. (the “Acquisition”) and (b) those certain Subscription Agreements, dated as of February 27, 2026, entered into by the Trust, Mr. Lawrence J. Ellison and RedBird Capital Partners Fund IV (Master), L.P. (the “Subscription Agreements”), relating to the purchase in connection with the Acquisition of shares of Class B common stock, par value $0.001 per share, of the Company (the “Class B Common Stock”), a portion of which right to purchase shares of Class B Common Stock pursuant to the Subscription Agreements was subsequently assigned to certain of the Parties.
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