Paramount Global
They’re Back: Skydance and Paramount Restart Talks
It’s back to the negotiating table. Shari Redstone’s National Amusements (NAI) and David Ellison’s Skydance Media are reengaging on talks that could lead to a change in ownership for Paramount Global, a source confirms to The Hollywood Reporter. The next step is for the potential agreement to go to Paramount’s special committee of the board […]
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Paramount Renews Talks to Sell BET Assets
After several stops and starts, Paramount Global appears to be renewing its effort to sell off its BET Media Group assets. The Shari Redstone-controlled media company is in talks with CC Capital chief Chinh Chu, whose private equity firm is backing BET president Scott Mills in a bid for the BET assets, Bloomberg reported on […]
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Barry Diller’s IAC Explores Paramount Offer (Report)
Barry Diller appears to be taking a look at Paramount Global. The executive’s digital media firm IAC is the latest to throw its hat in the ring to make a deal with Shari Redstone’s National Amusements, The New York Times reported, citing multiple unnamed sources, on Monday. An IAC rep replied, “IAC doesn’t comment on […]
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Many Hollywood Stocks Are Now “Show Me” Bets for Wall Street Investors
TikTok and artificial intelligence are on the rise. Cord-cutting is slashing linear TV profits. The advertising market has major question marks. Management teams across Hollywood, put on notice by Wall Street for streaming profitability, are hunting for more cost cuts and possible mergers and asset sales to optimize asset portfolios. Hard times for media and […]
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Paramount Chiefs to Staff: We’re Cutting $500M in Costs After “Unacceptable” Profit Drops
The M&A “noise” surrounding Paramount Global following the end to sales talks with David Ellison’s Skydance Media won’t dissipate any time soon, but the company must address profit declines and focus on a plan that can set up the entertainment giant for success. Also: Bankers have been hired to sell off unspecified assets in order […]
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Paramount+ Raises Prices for Ad-Tier and Premium Plan
The Paramount+ essential plan and the Paramount+ with Showtime plan will both increase their prices in the coming months. The Paramount+ essential plan will increase by $2 per month to $7.99 for all new subscribers and the Paramount+ with Showtime plan will increase by $1 to $12.99. The rate for existing monthly subscribers of the […]
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The End of ‘Yellowstone’: What Is Known About the Final Episodes
When Yellowstone aired its midseason finale back in January 2023, the future was looking ominous for the Dutton family on the fifth season of the Paramount Network mega-hit series. For a refresher, Jamie Dutton (Wes Bentley) had just thrown down the gauntlet against his sister Beth Dutton (Kelly Reilly) and father John Dutton (Kevin Costner) […]
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Paramount General Counsel Christa D’Alimonte to Exit Later This Month
Paramount Global is losing another top executive, with general counsel Christa D’Alimonte set to exit the media company later this month. D’Alimonte was elevated to general counsel of Viacom in 2017, and continued in that role after it merged with CBS to create ViacomCBS and later Paramount Global. In a message to legal employees Tuesday, […]
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Paramount Co-CEOs Tell Staff That With Skydance Deal Dead, “Work Is Already Underway” on Their Strategic Plan
A day after Skydance’s bid for the company officially ended, Paramount Global’s three co-CEOs are beginning to execute on their strategic plan for the company. The executives — Brian Robbins, Chris McCarthy and George Cheeks — sent a note to staff Tuesday addressing the deal, adding that the strategic plan they outlined at last week’s […]
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After Shari Redstone Ends Talks With Skydance, Wall Street Debates What’s Next for Paramount
It’s time to take a breather and look for a fresh start. That seems to be the motto for Paramount Global and its investors. With Tuesday’s news that Shari Redstone has ended months-long talks about a takeover of Paramount by a consortium led by Skydance Media and RedBird Capital without a deal, Wall Street analysts are debating, again, the […]
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Skydance CEO David Ellison Tells Staff Company Is “Stronger” Thanks to Paramount Talks: “We Will Keep Building”
Skydance Media CEO David Ellison acknowledged in an email to staff Tuesday evening that the company will not be assuming control of Paramount, after Shari Redstone ended talks following months of difficult negotiations. A source said that talks stalled over multiple issues, including the valuation of Redstone’s National Amusements, a desire to have non-Redstone Class […]
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Legal Saga Over Stolen VFX Tech Used for Hit Films Ends With Paramount Settlement
Visual effects company Rearden has settled one of the last remaining lawsuits over the unlicensed use of its motion-capture technology by major Hollywood studios, this time with Paramount. Both sides on Monday moved to dismiss the lawsuit, which accused Paramount of infringing on Rearden’s VFX software called MOVA Contour in the 2015 film Terminator Genisys, […]
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