(written from a Production point of view)
Skydance Productions (presently known as Skydance Media) is a production company which co-produced and co-funded Star Trek Into Darkness in association with Paramount Pictures. In the year Star Trek (2009) was released, Skydance raised US$350 million to start co-producing and co-financing theatrical feature films with Paramount Pictures in a deal that was in the intervening years renewed twice until 2021.   The company was founded in 2006 by David Ellison who worked as executive producer on the Star Trek sequel, along with fellow Skydance executives Dana Goldberg and Paul Schwake.  The company has also co-produced/funded the 2016 sequel Star Trek Beyond.
The company worked with Paramount Pictures on the western True Grit (2010), the action sequel Mission: Impossible – Ghost Protocol (2011, with Simon Pegg), the comedy My Mother's Curse (2012, with Adam Scott and Brett Cullen), the science fiction sequel G.I. Joe 2: Retaliation (2012, with Dwayne Johnson), the horror film World War Z (2012), the crime drama One Shot (2013, with Nicole Forester), and the action thriller Jack Ryan: Shadow Recruit (2014, starring Chris Pine).
Further projects are the television series Manhattan (2014) and Grace and Frankie (2015), the science fiction sequel Terminator: Genisys (2015), the sequels Mission: Impossible – Rogue Nation (2015, with Simon Pegg) and Mission: Impossible – Fallout (2018), Dean Devlin's action film Geostorm (2017), the comedy reboot Baywatch (2017, starring Dwayne Johnson), and the horror film Annihilation (2018).
The name change to "Skydance Media" was motivated when the company from 2013 onward started to branch out into other media areas beyond theatrical films alone, such as television, animation and interactive media.