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
Remember those rumors, oh, eight years ago about how Sony was a target for acquisition? No more. Still, don’t say merger yet. Deadline has confirmed that Sony Picture Entertainment CEO Tony Vinciquerra has been in talks with Apollo Global Management about making a go for Paramount. This despite Skydance/Redbird Capital being in exclusive talks with … Read more
Putting their political feet on the gas, Rep. Jerry Nadler (D-NY) and Rep. Joaquin Castro (D-TX) want a response by the end of the month, and they want the Department of Justice looped in. “The Joint Venture raises questions about how this new offering would affect access, competition, and choice in the sports streaming market,” … Read more
At a time of Hollywood contraction, the streamers’ fierce push into live sports appears to be paying off, according to the latest research from Ampere Analysis. Ampere examined the SVoDs that hold NFL rights versus those without and found big gains in Q1 2024 related to football coverage and the Super Bowl match-up between the … Read more
Four directors of Paramount Global will not standing for re-election at the annual meeting, an SEC filing has confirmed, paring the board down to seven directors. Shareholders will vote on directors and other matters at the meet, which Paramount has set for June 4. The proxy statement, which also lists the salaries of a company’s … Read more
What do you do when your conglom might be a target for a takeover. Don’t sweat it and laugh. As Skydance remains in talks with Paramount Global’s majority shareholder National Amusements to take control of the studio Paramount Pictures CEO Brian Robbins made light of sales talks before exhibitors at CinemaCon in Las Vegas saying … 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
Despite the rigors of the ongoing transition from linear TV to streaming, NFL Chief Media & Business Officer Brian Rolapp expects traditional media partners like Fox, NBCUniversal, Disney and Paramount to remain viable for years to come. “We’re not worried about any insolvency risk,” Rolapp said when asked about Paramount and other rights holders whose … Read more
Despite fans’ anticipation and the enthusiasm of creatives, the proposed Star Trek: Legacy spin-off of Picard has yet to receive the green light from Paramount+, prompting questions about the studio’s plans. CBS CEO George Cheeks recently addressed this issue, shedding light on the decision-making process behind Paramount’s Trek projects. Timing and Strategic Planning In a … Read more
Paramount Global chief financial officer Naveen Chopra said management is chipping away at debt, cutting costs, heading towards streaming profitability and otherwise “focused on execution” but won’t ignore other opportunities to create value for shareholders. “We believe that continued execution of our plan will unlock value. We are very conscious of the fact that our … Read more
