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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

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

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

What's New to TheStreet... 🎬 Big News: Paramount Global is merging with David Ellison’s Skydance Media, marking the end of the Redstone family’s era with the Hollywood giant. What are your thoughts on this new chapter? Share your opinions below! 🌟🎥 ⬇️ 👉🏻Follow New To The Street for more! #paramount #skydancemedia #hollywood #entertainmentnews #mergerannouncement #businessnews #business #news #newtothestreet

Worth a quick read

What's New to TheStreet... 🎬 Big News: Paramount Global is merging with David Ellison’s Skydance Media, marking the end of the Redstone family’s era with the Hollywood giant. What are your thoughts on this new chapter? Share your opinions below! 🌟🎥 ⬇️ 👉🏻Follow New To The Street for more! #paramount #skydancemedia #hollywood #entertainmentnews #mergerannouncement #businessnews #business #news #newtothestreet

Edgar Bronfman Jr. submitted a $4.3 billion rival bid to acquire Paramount Global, challenging the existing offer. This unexpected move shakes up the media landscape, sparking excitement and uncertainty about the future of Paramount Global and the industry as a whole. what implications do you see for the industry? Join the conversation and share your insights! #MediaMergers #ParamountGlobal #EdgarBronfmanJr

One of Hollywood's oldest companies, Paramount Global, has agreed to merge with independent film studio Skydance Media which is owned by the son of the founder of software and database giant, Oracle. What does this mean for the future of the veteran Film and TV business and what will they learn from Oracle’s approach to doing business. Perhaps it will be like this: 1.     If you want to watch the best Star Trek Movie (if you are wondering it’s The Undiscovered Country) you will now be required to purchase all the previous titles and prove that you have watched at least 5 of them within the first 180 days. 2.     You know that time you watched a clip on You Tube of Tom Cruise jumping off a cliff top on a motorbike? Theres a bill in the mail for that. 3.     Unless you have documented evidence that you have viewed at least 30 minutes of: ·        The Ten Commandments ·        Gunfight At the OK Corral ·        The Blob ·        Airplane Or ·        Footloose You will have to watch at least three episodes of Macgyver, or an entire season of Dynasty before accessing any further episodes of Frasier. #ITAM #licensing #licensingrules 😉 https://lnkd.in/eAuNuUxV

A special committee of the Paramount Global board, charged with evaluating offers for the company, met Saturday morning, though rival bidders for the studio are awaiting word on next steps... Read More At:- https://lnkd.in/earhs8Hv Paramount #globalboard #company #studio #rivalbidders #paramount #news #NewsUpdate #newsfeed #dailynews #IBWNews

Paramount Global faces uncertain times with its $16 billion debt and shifting industry dynamics. Amidst various suitors, Skydance emerges as a potential savior, led by CEO David Ellison. His track record and commitment to quality content could be Paramount's best bet for survival. While financial considerations loom, a partnership with Skydance offers hope for navigating industry changes. Paramount's future may rest on Ellison's shoulders, as Shari Redstone considers the studio's legacy and future prospects. Hard to imagine losing another studio with such rich history. #ParamountGlobal #Skydance #DavidEllison #EntertainmentIndustry #FutureOfFilm https://lnkd.in/gTPnZESx