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The boardroom drama at Paramount Global is intensifying, and no reporter has been following it more closely than WSJ's Jessica Toonkel. Today, she reported exclusively on the latest major twist: the board and controlling shareholder are discussing a plan to remove CEO Bob Bakish and put in place a committee of top division heads to run the company on an interim basis. This is a stunning development, given that Paramount is exploring a sale right now and is in exclusive negotiations with Skydance Media. Stepping back, as Jessica explains, there is frustration within Paramount's upper ranks at how far this company -- with iconic brands like CBS, MTV and the Paramount film studio -- has fallen. Tens of billions of dollars of market value have evaporated in recent years. Bakish's supporters say he can hardly take all the blame, given the whole cable TV business is collapsing, and he has made some moves to put the company on the map in streaming. But the pressure on Bakish has mounted, as Jessica details in this piece.
Exclusive | Paramount Considers Removing CEO Bob Bakish as Turmoil Over Sale Talks Deepens
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Big news in big Hollywood media: Paramount is merging with Skydance, and Oracle heir turned producer David Ellison is the mogul at the head of it all. It's been a drama going on for months, involving complex negotiations with the Redstone family who owned and controlled Paramount since 1994. One of the oldest majors, Paramount Pictures was originally founded in 1914. There would be lots to say about the brand, but to be brief, the company has been struggling and their streaming arm Paramount+ is bleeding cash every month. Cost cutting measures and layoffs are on the horizon with the new ownership. I got interested in new person at the head of it all. David Ellison is the son of Larry Ellison, co-founder of Oracle. He showed up in Hollywood 15 years ago with lots of trust-fund money saying he loved cinema. He did spend a lot of money, though is also a hard-working, ambitious, and apparently shrewd businessman who clearly stuck it out. He dropped out of university, tried acting (Flyboys), more significantly launched a production company. While he did have a few flops (Gemini Man, Geostorm), he also has a string of big successes particularly with Paramount (Mission Impossible: Ghost Protocol, Top Gun: Maverick), and quickly got into producing stuff for streaming companies (The Old Guard, The Tomorrow War, The Adam Project, Air, Grace & Frankie). He produces and has final cut on all projects apparently. If like me you wonder why more and more high budget movies seem so bland and rehashing of things we've all seen many times before, him and his media company Skydance seem worth taking a closer look at. For a different perspective, maybe the mogul is just producing what people will watch and spend money on (what the streaming services will, maybe same difference). Tom van der Linden over at Like Stories of Old published a new video essay titled "How Modern Audiences Are Failing Cinema" in which he explores what he calls "the commodification of relatability, self-righteous moralism in cinema, and constant stimulants." It takes effort to go out of our comfort zones; to stop mindlessly scrolling videos that are served to us by algorithms, watching the same TV channel news, or whatever Netflix is pushing to our home screen. Don't get me wrong, I definitely watch dreadful films all the time, I'm not better than anyone else. It is also totally worth deliberately going out of our comfort zones to get fresh ideas and perspectives. (testing things, not copying urls, sorry) NY Times: Paramount Agrees to Merge With Skydance A Diminished Hollywood Welcomes a New Mogul Dumb Money No More: How David Ellison Became a Hollywood High Flier Fortune: Who is David Ellison? Heir to the Oracle fortune celebrates his biggest deal ever by clinching control over ‘Top Gun’ studio Paramount Like Stories of Old (Youtube): How Modern Audiences Are Failing Cinema
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The little-known Disney Channel rule that canceled your favorite childhood show too early A now-defunct, little-known Disney Channel rule has finally ex... Read More - https://lnkd.in/dKuchm-g
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What's New to The Street... 🎬 Paramount’s Next Chapter Begins Shari Redstone, the media heiress behind Paramount's bold moves, prepares to step back after sealing an $8 billion deal with Skydance Media. 📽 The journey isn't over yet, as the FCC review looms and new owners eye $2 billion in cost cuts. 💼 What’s next for this iconic entertainment powerhouse? Drop your thoughts below! 👇 👉🏻Follow New To The Street for more! #ParamountPictures #MediaNews #ShariRedstone #EntertainmentIndustry #SkydanceMedia #BigChanges #Innovation #Businessupdate #Businessnews #Business #News #Newtothestreet
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David Ellison's company Skydance will merge with Paramount Global placing the D. Ellison as chairman, CEO. His ability to produce profitable films is shown to be mixed with a few successes and failures. His father, Larry Ellison ponied up the $6 billion for the deal and as the majority stock holder, experts question if he will be involved and how much, specifically if his right wing politics will affect the CBS news division. The article notes that the younger Ellison has been putting money in the pockets of democrats. A bigger question is how silicon valley tycoons will be able to adapt to Hollywood and the TV/Film distribution game. CEO's of other legacy studios such as Warner Brothers and Disney have yet to figure out how to tackle the shift from cable to streaming and it's unclear how David will be able to lead Paramount in this effort, however it is possible that the family's background in tech could be a benefit as the other big tech companies who ventured into the TV game have been largely immune to the traditional studio's distribution woes by avoiding cable altogether. https://lnkd.in/g3V2Y9vF
Who’s Really Going to Run Paramount?
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What's New to The Street... 🎬 Paramount’s Next Chapter Begins Shari Redstone, the media heiress behind Paramount's bold moves, prepares to step back after sealing an $8 billion deal with Skydance Media. 📽 The journey isn't over yet, as the FCC review looms and new owners eye $2 billion in cost cuts. 💼 What’s next for this iconic entertainment powerhouse? Drop your thoughts below! 👇 👉🏻Follow New To The Street for more! #ParamountPictures #MediaNews #ShariRedstone #EntertainmentIndustry #SkydanceMedia #BigChanges #Innovation #Businessupdate #Businessnews #Business #News #Newtothestreet
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What's New to The Street... 🎬 Paramount’s Next Chapter Begins Shari Redstone, the media heiress behind Paramount's bold moves, prepares to step back after sealing an $8 billion deal with Skydance Media. 📽 The journey isn't over yet, as the FCC review looms and new owners eye $2 billion in cost cuts. 💼 What’s next for this iconic entertainment powerhouse? Drop your thoughts below! 👇 👉🏻Follow New To The Street for more! #ParamountPictures #MediaNews #ShariRedstone #EntertainmentIndustry #SkydanceMedia #BigChanges #Innovation #Businessupdate #Businessnews #Business #News #Newtothestreet
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Unmissable Showdown: Vikings vs. Lions – Watch Tonight for Epic Action! - CineRecap.com Article Link - https://lnkd.in/dD7rB_kn This article provides detailed information on when and where to watch the Minnesota Vikings vs. Detroit Lions game, which is crucial for determining the NFC North division winner. Both teams are currently 14-2 and are at the top of the conference standings. The winner of this game will secure the division title and the top […] #MovieReviews #WebSeriesAnalysis #StreamingInsights #FilmCritique #EntertainmentNews #StorytellingReviews #OTTContent #BingeWatchGuides #CinemaTrends #FilmAnalysis #StreamingPlatforms #CinematicExperience #MovieRecommendations #SeriesRecap #FilmLovers #StreamingUpdates #MovieInsights #OTTNews #CineCritique #BingeWorthyContent #FilmReviews #OTTUpdates #MovieTrends #StreamingRecommendations #CinematicWorld #FilmDiscussion #SeriesReviews #CinephileCommunity #EntertainmentGuides #MovieExploration
Unmissable Showdown: Vikings vs. Lions – Watch Tonight for Epic Action!
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Ranking Worst to Best Paramount Movies in 2024 https://ift.tt/EX7on2d Movie studios release a number of films every year. Some are hits, some are misses, but the continual churn of storytelling is that you have to take chances and put things in theaters and online to get butts in seats and to get subscription dollars. Now, Paramount is a studio that just sold to Skydance, so we're unsure how things will look as they move forward as a company. This year, they put a lot of cash into sequels and intellectual property. And even took a chance on a big original idea. Like any place, some of the movies they made were great, while others faltered. So, what were the worst to best Paramount movies to come out this year? 'Dear Santa' Critics or audiences did not embrace this aim for a splashy Christmas release on the Paramount+ platform. It's getting views, but it's also getting a lot of hate from different groups online. Rotten Tomatoes Score: 24% 'Apartment 7A' Another twist on a Paramount classic, this prequel to Rosemary's Baby is a spooky story that debuted on Paramount+ . We don't have the numbers to see if it did well, but it was an enjoyable watch with a few scares. Rotten Tomatoes Score: 41% 'Bob Marley: One Love' This biopic failed to connect with a wide audience. Marley himself is an icon, but the movie didn't come together in a way that would be a success with the studio. Rotten Tomatoes Score: 44% 'IF' This original idea had everything going for it: famous faces, a famous director, and a favorable family rating, but the marketing never gave us anyone to hang onto and audiences didn't find it on the big screen. It's doing well on the streamer, but you can tell Paramount wanted more from this movie. Rotten Tomatoes Score: 50% 'Gladiator II' A legacy sequel that brought back one of Paramount's most successful movies of all time and gave it another chapter. It's doing well at the box office, but reviews have not been as exciting as they were with the original. Rotten Tomatoes Score: 71% 'September 5' Definitely perceived as an awards contender, this dramatic look at the Munich Olympics and the terrorism there is an edge-of-your-seat thriller that has yet to go wide. Rotten Tomatoes Score: 82% 'Smile 2' A fun horror sequel that amps up all the action in the first film and delivers on its spooky premise. This one had an even more shocking ending that got everyone talking. Rotten Tomatoes Score: 86% 'A Quiet Place: Day One' The third part of the Quiet Place trilogy, this movie felt like it was a little too depressing to break out. While it did okay at the box office, it never quite became the event that the first movie was in theaters. Rotten Tomatoes Score: 87% 'Transformers One' By far, it is the best movie Paramount made this year. This animated prequel brought back all the characters we know and love from Transformers and gave us their original story. Rotten Tomatoes Score: 89% 'Sonic the...
Ranking Worst to Best Paramount Movies in 2024 https://ift.tt/EX7on2d Movie studios release a number of films every year. Some are hits, some are misses, but the continual churn of storytelling is that you have to take chances and put things in theaters and online to get butts in seats and to get subscription dollars. Now, Paramount is a studio that just sold to Skydance, so we're unsure...
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3 great Paramount+ movies to watch on New Year’s Day Table of Contents Table of Contents Love, Rosie (2014) Risky Business (1983) Blade Runner 2049 (2017) Happy New Year! While today could be a chance to celebrate, many of us would rather recover on our couches after a night of festivities. Hopefully, you have some time off to fire up a streaming service and watch a few movies. What streaming service should you use? Could we interest you in Paramount+? Paramount+ is the home of several notable franchises, including Mission: Impossible, Transformers, Star Trek, A Quiet Place, and Top Gun. That’s only the beginning, as more content finds a home on this streamer. If you need something to watch, try one of these movies, including a delightful rom-com, a coming-of-age movie with a Hollywood icon, and a legacy sequel. We also have guides to the best new movies to stream, the best movies on Netflix, the best movies on Hulu, the best movies on Amazon Prime Video, the best movies on Max, and the best movies on Disney+. Love, Rosie (2014) Lionsgate Rom-coms are meant to be cheesy. Love, Rosie has its silly moments, but a heartfelt message about love and friendship propels this movie into a tender love story. Rosie Dunn (Lily Collins) and Alex Stewart (Sam Claflin) have been best friends since childhood. Their relationship is strictly platonic, although Rosie and Alex once shared a drunken kiss on the former’s 18th birthday. Just when you think the two friends might become lovers, new challenges arise in their lives. For Rosie, it involves a high school crush who may not have her best interest at heart. For Alex, he grapples with leaving Europe to study in America. There’s never the right moment to act on their feelings. However, love is never perfect, an important lesson these friends eventually learn. Stream Love, Rosie on Paramount+. Risky Business (1983) Warner Bros. Tom Cruise is now known for flying jets in Top Gun: Maverick or riding motorcycles off cliffs in the Mission: Impossible franchise. Back in the 1980s, the little-known Cruise was still searching for his breakout role. After a few supporting performances, Cruise finally received his moment in the spotlight in 1983’s Risky Business. High school senior Joel Goodsen (Cruise) has lived a straight and narrow life in hopes of attending Princeton. When his parents leave town for a few days, Joel hires a call girl named Lana (Rebecca De Mornay), and the two spend the entire night together. Risky Business (1983) Official Trailer – Tom Cruise, Rebecca De Mornay Movie HD This decision sets off a chain of unfortunate events in Joel’s life, jeopardizing his shot at Princeton. And yes, Risky Business inspired thousands of Halloween costumes thanks to his Old Time Rock and Roll dance. Stream Risky Business on Paramount+. Blade Runner 2049 (2017) Warner Bros. Pictures Upon its release, Blade Runner 2049 divided critics and...
3 great Paramount+ movies to watch on New Year’s Day Table of Contents Table of Contents Love, Rosie \(2014\) Risky Business \(1983\) Blade Runner 2049 \(2017\) Happy New Year! While today could be a chance to celebrate, many of us would rather recover on our couches after a night of festivities. Hopefully, you have some time off to fire up a streaming...
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