Should Sony and Apollo get their hooks into Paramount Global their strategy would be to keep theatrical release output steady between both studios –not reduced– while cutting the more burdensome parts of the conglom, read auctioning off CBS, the linear channels like MTV and Paramount Plus streaming service. The news about theatrical output is per … Read more
Jeffrey Katzenberg is a man known for choosing his words very carefully most of the time, and tonight the WndrCo boss was pretty candid when it came to Donald Trump and Joe Biden. “I’ve known Donald Trump for 50 years,” Katzenberg told a well-heeled West Hollywood crowd on Sunday of first meeting the former president … Read more
Another big Hollywood name is rooting for a Paramount-Skydance deal as Jeffrey Katzenberg says that outcome would be “a great win for Paramount and for people in the industry.” Speaking a the Axios BFD Talks: LA this evening, the DreamWorks co-founder and former Walt Disney Studios head acknowledged that the situation is complicated. “There’s a … Read more
Partners Sony and Apollo have formally reached out to Paramount‘s special board committee asking to discuss a potential $26 billion cash offer, Deadline has learned. It comes as Par’s exclusive negotiating window with David Ellison‘s Skydance is set to expire. Paramount share are up more than 13% on the news. Investors would vastly prefer a … Read more
Skydance and Paramount are deep into hashing out a complicated deal that would see the David Ellison’s studio and its backers take control of the storied film and television company owned by Shari Redstone. The exclusive month-long negotiating period through May 3 is likely to be extended perhaps by a few weeks, Deadline hears, given … Read more
“They’re scouts going to the moon ahead of us,” said Nasa Administrator Bill Nelson. Intuitive Machines’ M-1 Nova-C lunar lander in Houston in October 2023. The company aims to launch the lander in mid-February on a SpaceX rocket. Photo: Intuitive Machines via AP Pittsburgh’s Astrobotic Technology is up first with a planned lift-off of a … Read more
In a relief to Apollo Tyres, the Supreme Court on Monday upheld the Securities Appellate Tribunal’s September order that quashed the Securities and Exchange Board of India’s penalty of Rs 65 crore on the company for violating norms pertaining to buyback of shares in 2003. In 2018, Sebi had penalised Apollo Tyres on the grounds … Read more
