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
The clock is ticking down to midnight, the end of a month-long exclusive negotiating window between Paramount Global and Skydance Media. The David Ellison company has been circling Paramount for months and lobbed several offers to buy out Shari Redstone‘s controlling stake, backed by Oracle co-founder Larry Ellison and Gerry Cardinale’s RedBird Capital. The Skydance … 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
Paramount has just unleashed its first quarter financials and they look pretty promising, although all eyes are on the shakeup in the C-suite. Revenue was higher across the board, albeit a hair shy of Wall Street expectations. Operating losses narrowed. Free cash flow rose, a key metric since it allows the company to pay down … Read more
David Ellison’s Skydance has presented Paramount Global board’s special committee with a revised offer to take control of the company, Deadline has learned. Terms weren’t immediately available, story will be updated when they are. The new proposal is likely designed to make a deal more palatable to Paramount investors beyond controlling shareholder Shari Redstone, something … Read more
Board members at Paramount Global are reportedly considering the removal of CEO Bob Bakish as discussions continue with Skydance Media about a complex, multi-step merger. If exclusive talks with Skydance bear fruit, there likely would not be a role for Bakish in the combined company, with Skydance chief David Ellison slated to serve as the … 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
The temperature is rising as Paramount Global‘s common shareholders continue to publicly and privately bash a possible acquisition by David Ellison’s Skydance Media with terms they insist would mainly benefit Shari Redstone, and theatening legal action. With the parties in the midst of a 30-day exclusive negotiating period, a report this week said four Par … Read more
Skydance Sports, the media company’s JV with the NFL, has made some key appointments to its creative and production leadership across film and television, hiring Nancy Cotton and Sandino Moya-Smith as, respectively, EVP, Television, and SVP, Feature Film. Both were previously at Amazon MGM. Also, Danette Trosclair moves from Skydance Television to oversee all physical … Read more
Paramount Global‘s beleaguered stock faltered Monday as investors fretted over the ongoing talks between controlling shareholder National Amusements Inc. and Skydance Media. As the moon blocked out the sun across a swath of the U.S. in a total eclipse, the stock behaved accordingly, falling almost 8% on heavier-than-average trading volume to finish at $11.06. The … Read more
