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Paramount Global is pushing ahead with asset sales and bankers are in the house as it sets out to streamline and raise cash to pay down debt. Its three co-CEOs confirmed as much Tuesday at a company town hall with staff. Lots of things are being explored. Deadline hears there's early chatter about…

EXCLUSIVE: Mark Wahlberg (The Family Plan) and Paul Walter Hauser (The Instigators) are set to team on Balls Up, an action comedy that Peter Farrelly will direct for Amazon MGM Studios. Hailing from Skydance, the film follows two American marketing executives who are fired for blowing a client…

Paramount Global’s unorthodox Office of the CEO, which started as a presumed placeholder, is turning into a longer-term fixture poised to once again reshape the tempest-tossed company. Consisting of three top Paramount execs – George Cheeks, Chris McCarthy and Brian Robbins – the Office replaced Bob…

Share of Paramount Global hit a milestone today, and not a good one. The stock price fell below $10 intraday, changing hands at $9.91 just now, down 2% from Friday. It’s never dipped below ten bucks since Viacom and CBS merged in December of 2019, making this an all-time low after David Ellison’s…

EXCLUSIVE: We can tell you first that Joker and Deadpool 2 actress Zazie Beetz has signed on to headline They Will Kill You, the first feature from Nocturna, the horror label formed this year by Skydance and Andy & Barbara Muschietti.  They Will Kill You is written by Kirill Sokolov and Alex Litvak…

Paramount Global co-CEOs George Cheeks, Brian Robbins and Chris McCarthy thanked staff in a memo today, obtained by Deadline, for tough months rocked by Skydance merger speculation. With that deal a no go, they said, they have plan, one mostly laid out at last week’s annual shareholders meeting, to take…

This just in tonight from Skydance Boss David Ellison as Paramount Global controlling shareholder Shari Redstone says “No” to Skydance’s offer to buy National Amusements. The Top Gun: Maverick and Geostorm producer has acknowledged to staff that Skydance’s bid to merge with Paramount has ended…

When David Ellison's Skydance made a play for Paramount last fall it was how and when (not if) Shari Redstone would tie the knot. Paramount and Skydance worked together. He valued the studio and its crown jewel of a backlot and planned to keep the company together. He was offering her a nice bundle of…

After months of negotiations, Paramount Global’s controlling shareholder Shari Redstone has broken off merger talks with David Ellison’s Skydance. National Amusements has “not been able to reach mutually acceptable terms regarding the potential transaction with Skydance Media for the acquisition of a…

Yet another name has surfaced in the Paramount Global scrum as former entertainment executive and beverage billionaire Edgar Bronfman Jr. is eyeing control of the company in a deal scenario with multiple moving pieces, even as Shari Redstone’s camp remains deep in talks with Skydance. Takeover…

Shares of Paramount Global edged lower Thursday, day three in the red, amid lingering uncertainty around Skydance’s latest offer. With bigger than anticipated sweeteners for Class B shareholders, it was approved by Par's special board committee and sent on to controlling shareholder Shari Redstone but…

A town hall for Paramount Global employees originally scheduled to take place Wednesday has been delayed until June 25. In a note to employees obtained by Deadline, CEOs George Cheeks, Chris McCarthy and Brian Robbins recapped Tuesday morning’s annual shareholder meeting and also noted the…