James Czerniawski breaks down the challenges facing Skydance (SKYD) after closing its deal for Paramount and Warner Bros. Discovery. He says the company must monetize its massive content library, meet commitments to release 30 films a year domestically, and integrate operations while competing against Netflix (NFLX), Disney (DIS), and Amazon (AMZN) in streaming. He expects it will take 12 to 18 months before tangible evidence of success emerges.