Business
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CBS Will Be a ‘Cornerstone’ Asset of New Paramount, Jeff Shell Teases
“It’s going to be actually part of all of our plans going forward,” the executive told reporters Monday
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David Ellison and Jeff Shell Outline Plan for New Paramount: Tech, Animation and Rebuilding Paramount+
The pair have identified $2 billion in cost efficiencies and synergies as they look to manage the company’s declining linear business
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Done Deal: Paramount Global Sells to Skydance Media in $8 Billion Acquisition
The “Mission: Impossible” and “Top Gun: Maverick” coproducer will acquire controlling shareholder Shari Redstone’s National Amusements under the two-step deal
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Paramount Board of Directors Approves Skydance Deal
The agreement now awaits final approval from controlling shareholder Shari Redstone
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Former CBS Anchor Sues Network for Discrimination Over Supposed Race, Sex Quotas
Jeff Vaughn accuses Paramount Global of implementing a policy that “favored the hiring of individuals of certain groups and firing or refusing to hire older, white, heterosexual males”
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Bob Iger and Willow Bay Near $50 Million Deal to Buy LA Women’s Soccer Franchise Angel City FC
The investment would nearly double the value of the team, which is already the most valuable in women’s sports globally
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Paramount Stock Climbs 7% as Skydance Deal Looms
A deal between the two parties could potentially be completed by as early as the weekend, an individual familiar with the matter tells TheWrap
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Paramount, Skydance Merger Is on Again in $2.4 Billion Deal
But NAI’s controlling shareholder Shari Redstone might be setting off a bidding war ahead of Sun Valley
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Paramount Stock Rises Over 5% Amid Renewed BET Network Sale Talks
A group that includes BET CEO Scott Mills and CC Capital’s Chinh Chu is looking to offer between $1.6-$1.7 billion, according to Bloomberg
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Candle Media to Split Animation, Live-Action Businesses, Cut Costs
The Blackstone-backed studio will fold animation projects into Moonbug Entertainment and rebrand their live-action division to Candle Studios
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TKO Group President and COO Mark Shapiro Joins Board of RedBird Capital Partners, NFL-Backed EverPass Media
The move comes as the UFC and WWE parent made a strategic investment in the live sports and entertainment distribution platform for an undisclosed amount
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DNEG Group Secures $200 Million Investment From Abu Dhabi’s United Al Saqer Group
The fresh funding, which values the London-based VFX studio at over $2 billion, will be used to help accelerate its move into AI-driven content creation
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Over 3 Decades Later, Barry Diller Takes Another Swing at Paramount | Analysis
The billionaire behind IAC , who lost a bid to acquire the studio in the early 1990s, has signed an NDA with National Amusements
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Bob Iger Celebrates 50 Years With Disney: ‘Truly the Ride of a Lifetime’
The CEO marks the golden anniversary of his start date with ABC, which was acquired by Disney in 1996
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Ron Howard and Brian Grazer Hire Bankers to Sell Imagine Entertainment
The producers had tried to sell in 2022 but the deal never happened
