Paramount sold themselves to Skydance who now get referred to as Paramount because Paramount is the older, stabler brand. That sale is generally considered to have pulled Paramount out of survival mode, though it will probably be at least a few more quarters before it the results are seen.

(Arguably, Skydance's ideas for Paramount are too similar to the weird Paramount and CBS divorce era, that I find it hard to believe Skydance is less wrong of a steward for Paramount than Paramount was before the consolidation. But a lot of that opinion comes from bias as a Star Trek fan and Skydance's approach seems to return to the semi-broken idea that Star Trek seems to be better as a film franchise than a TV franchise.)

Skydance owning both Paramount and Warner Brothers might be very concerning in terms of IP consolidation alone.