Business
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Dax Shepard’s ‘Armchair Expert’ Podcast Inks $80 Million Deal With Amazon’s Wondery, Leaving Spotify
The pact covers the actor developing two new shows, hosting live streams and a first-look agreement for future podcast ideas
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NFL Monitoring Paramount-Skydance Merger Impact, Commissioner Says
Roger Goodell isn’t ruling out a renegotiation of the football league’s rights agreement with CBS
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Nina Jacobson and Brad Simpson’s Color Force Banner Signs Producing Deal With Sony Pictures
“We are thrilled to have this overall film deal with Color Force,” Sony Pictures’ Motion Picture Group presidents Josh Greenstein and Sanford Panitch say
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Paramount Can Extend Skydance Merger’s Go-Shop Period if It Enters ‘Good Faith’ Talks With a Rival Bidder
The media conglomerate, which will have until Aug. 21 at 11:59 p.m. to actively solicit and evaluate other bids, could extend the window to Sept. 5 in the event of a “superior” proposal
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NBA Finalizes 11-Year, $76 Billion TV Contracts With NBC, Amazon and ESPN
The agreements will now be sent to the league’s governors for approval
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Ryan Murphy’s ‘All’s Fair’ With Kim Kardashian Scores $14 Million in California Tax Credits
The production is one of five TV projects collectively awarded $58 million in incentives from the state’s Film Commission
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Microsoft Exits Role as OpenAI Board Observer Effective Immediately
“Over the past eight months, we have witnessed significant progress by the newly formed board and are confident in the company’s direction,” Microsoft writes
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Hollywood’s Support for Skydance-Paramount Merger Has Been ‘Remarkable and Humbling,’ David Ellison Says
“Top Gun: Maverick” and “Mission: Impossible” star and producer Tom Cruise is “supportive” of the transaction, the executive says
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Hollywood’s Pivot to Streaming 5 Years On: Fatal Error – or Key to Survival?
TheWrap investigates the effect of Hollywood’s race against Netflix and how it left theatrical behind
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Movies
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Regal Raises $250 Million for Theater, Ticketing App Upgrades
New capital investment comes as parent company Cineworld weighs potential sale of U.K. locations
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Shari Redstone Mingles With Billionaires at Sun Valley Retreat 2 Days After Paramount Sale
Mark Zuckerberg, Bob Iger and Sam Altman are also due at Allen & Co.’s annual conference known for its high-roller dealmaking
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Paramount Could Suffer Potential Credit Downgrade, Moody’s Warns in Review
The assessment is prompted by ongoing issues with linear, a “slow pivot” to streaming scale and the merger agreement with Skydance Media
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Larry Ellison Invests $6 Billion in Son David’s Paramount Takeover
The family office is funding the majority of the $8 billion merger with Skydance as RedBird Capital Partners makes up the remaining quarter
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Skydance-Paramount Deal Drags Hollywood Further Into a Tech Future | Analysis
With an $8 billion agreement to buy the legacy studio, CEO David Ellison is promising to leverage technology to turn Paramount from a struggling legacy studio into a tech-content powerhouse
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