Major Hollywood players, and those in business with Paramount Global and Skydance, publicly praised the deal, calling the merger “a win for the industry” and a “match made in movie heaven.”
The Hollywood Reporter’s Post
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Chief Financial Officer @ Gryphon Venture Partners, L.L.C. Delivering Strategic Insight, Practical Solutions and Increased Revenue and Returns
Paramount has agreed to #merger with Skydance marking the latest turnaround in a #deal people had thought fell apart just weeks ago. The final terms involve Skydance buying @National Amusements for $1.75B and then Skydance would merge with Paramount as sourced tonight by the The Wall Street Journal. Could this be the next wave in #entertainment and #streaming #M&A? What do you think? #management #venturecapital #privateequity #capitalmarkets #onlineentertainment https://lnkd.in/gA3PckQ4
Paramount Global Agrees to Skydance Deal
wsj.com
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We learned a few details about the deal being worked out between Shari Redstone and Skydance Media --Redstone's National Amusements will get more than $2 billion in cash --Paramount/Skydance merger will be all-stock and value Skydance at around $5 billion --Skydance will give substantial cash infusion to Paramount's balance sheet Redstone believes in Ellison's plan for the future of Paramount--investing in technology, cutting costs and and growing its studio business. But shareholders aren't so sure...what do you think?
Exclusive | Paramount-Skydance Deal Would Give Shari Redstone’s Firm Over $2 Billion in Cash
wsj.com
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📢 Exciting news from Hollywood! Paramount is set to merge with Skydance in a monumental $28bn deal. This strategic move is poised to reshape the entertainment industry. Read more about it in The Guardian article linked below, and let's discuss the potential implications of this mega-merger. #Paramount #Skydance #EntertainmentIndustry --- 📢 Hey everyone, check out this game-changing news from Hollywood! Paramount and Skydance are joining forces in a massive $28bn merger. The implications for the entertainment industry are huge. Dive into the details in The Guardian article below and let's chat about what this means for the future of entertainment. #Paramount #Skydance #EntertainmentIndustry [Link to The Guardian article] https://ift.tt/yVpiOZq
📢 Exciting news from Hollywood! Paramount is set to merge with Skydance in a monumental $28bn deal. This strategic move is poised to reshape the entertainment industry. Read more about it in The Guardian article linked below, and let's discuss the potential implications of this mega-merger. #Paramount #Skydance #EntertainmentIndustry --- 📢 Hey everyone, check out this game-changing news ...
theguardian.com
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🆕 #TMTnews 📽 📌 Six months into the battle for Paramount, at least five potential suitors have emerged. Chair Shari Redstone has been open to a sale since December, initiating talks with David Ellison of Skydance. Other interested parties include Warner Bros. Discovery's CEO David Zaslav, multiple media executives, private equity firms, and a tequila billionaire. 🔁 Paramount has seen significant changes: replacing CEO Bob Bakish with a committee, shrinking its board, and facing an activist investor. The company's shares have dropped by 17% this year. Here are the key players in the running: - David Ellison’s Skydance: In advanced talks, Ellison proposes to acquire the Redstone family's stake and merge Skydance with Paramount, backed by RedBird Capital Partners and KKR. - Apollo Global Management, Inc. and Sony Pictures Entertainment: Made a non-binding offer for Paramount in partnership, but Sony has scaled back its interest to the film studio only. - Bronfman LLC and Bain Capital: Edgar Bronfman Jr., former Warner Music Group chairman, has teamed up with Bain Capital for a potential $2 BLN bid. - Byron Allen: Media entrepreneur with a $14.3 BLN offer, leveraging his ownership of 22 TV stations and the Weather Channel. - Steven Paul: Film producer with a group including Patrón co-founder John Paul DeJoria, offering over $2.25 billion for a majority stake. 🔍 As the process unfolds, Redstone's decision will shape Paramount's future. #paramount #skydance #apollo #sony #merger https://lnkd.in/eHPth6ff
Paramount’s Bidders: Here’s Everyone Who Wants to Buy the Movie Studio
bloomberg.com
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Skydance Media, the independent #Hollywood studio, is reportedly in the initial stages of negotiating an all-cash acquisition of National Amusements, the parent company of media conglomerate Paramount Global (NASDAQ:PARA). This potential deal, as detailed by The Wall Street Journal, could eventually lead to the merger of #Skydance and #Paramount. According to the article, discussions currently revolve around #SkydanceMedia CEO David Ellison and other #investors, including his multi-billionaire father #LarryEllison, purchasing at least a majority stake in #NationalAmusements from the Redstone family. This in turn move would set the stage for a merger between Skydance and #ParamountGlobal (NASDAQ:PARA). Skydance is notable for producing major Paramount films such as 'Mission: Impossible — Dead Reckoning' and 'Top Gun: Maverick'. More at #Proactive #ProactiveInvestors #NASDAQ #PARA http://ow.ly/yGOv1058tUs
Tech billionaire Larry Ellison and son reportedly go after Paramount
proactiveinvestors.co.uk
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A couple of years back David Zaslav, Warner Brothers Discovery CEO looked like the most accomplished and adept dealmaker in the streaming video content business. Convincing AT&T management to part with HBO and the rest of its stakes in the media content business looked like it took some serious work on Zaslav's part. But now, a few years into Zaslav's management of these same businesses, as someone who subscribes to several streamers including Max, and Paramount Plus, and someone who has considered trading call options on the public players in this business, I look at the HBO buy as more a win for AT&T management than a win requiring much effort from Zaslav. Content creation for streamers is a heavily cash dependent business. Amalgamating businesses into a composite now called Warner Brothers Discovery required incurring a lot of debt. End result? What I have called a very much less than satisfactory customer experience (CX) and a too risky bet as far as my options trading interest is concerned. Shari Redstone, who owns National Amusements and, therefore, controls "media group Paramount", on the other hand, looks like a truly savvy leader and negotiator. I am eager to see how this news David Ellison's Skydance would like to "take control of Paramount Global". The 15% rise in share price for Paramount yesterday spells out Wall Street enthusiasm for the deal. #optionstrading #paramountplus #streamingbusiness #skydance #nationalamusements https://lnkd.in/e7iHaqCx
Skydance in exclusive merger talks with Paramount
ft.com
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Senior Director of Organic Growth @ Mistplay | Marketing and Growth Leader | Startup Advisor | Product Strategist | Daily Consumer Tech News Curator | Alum: Discord, Twitch, Microsoft, American Express
Shari Redstone has agreed to sell Hollywood group Paramount to independent film studio Skydance in a deal that ends her family’s involvement in the company founded by her grandfather in 1936. The merger, which values the new company at $28bn, marks the close of a tumultuous eight-month process in which Redstone held discussions with a range of potential suitors including private equity group Apollo Global Management, Inc. and Sony. It comes just weeks after Redstone blocked a deal with Skydance, which is run by billionaire David Ellison and is backed by US private equity groups including RedBird Capital Partners, at the eleventh hour. The deal is expected to close in the first half of 2025. The sale transfers the Paramount film studio, which produced classic cinema titles including The Godfather, Titanic, Chinatown and Raiders of the Lost Ark, from the Redstone family to Ellison’s company. David Ellison’s father is Oracle co-founder Larry Ellison, one of the world’s richest people. “Given the changes in the industry, we want to fortify Paramount for the future while ensuring that content remains king,” said Redstone. “Our hope is that the Skydance transaction will enable Paramount’s continued success in this rapidly changing environment.” Under the terms of the agreement, Skydance will invest about $8bn to take over Paramount. In the two-step transaction, Skydance will pay $2.4bn to buy out National Amusements, which holds nearly 80 per cent of the voting shares in Paramount. Skydance will then merge with Paramount. Common shareholders in Paramount will receive $15 a share, while those holding A shares will receive $23 a share. #paramount #skydance #streaming #media #news #entertainment https://lnkd.in/gAyFe9iz
Paramount agrees Skydance merger in end to Redstone era
ft.com
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Consolidation mode engaged! These two represent a ton of linear networks including CBS, Turner, CNN, Viacom, Discovery, Scripps, etc. it would be the majority of traditional cable networks under one umbrella. Not to mention possibly combining streaming apps Paramount , Max, Pluto, etc. which might be needed to compete with Netflix, YouTube, Amazon Prime and a Disney Hulu offering. For perspective, according to the November Nielsen Guage report, the combined time spent across Max, Paramount , and Pluto (represented as % of total time spent on TV) would still have them in 5th place. - YouTube - 9% - Netflix - 7.4% - Disney AND Hulu - 4.6% - Prime Video - 3.4% - Max Paramount Pluto - 2.9%
🚨 Scoop: Warner Bros. Discovery is in talks to merge with Paramount — WBD CEO David Zaslav met with Paramount CEO Bob Bakish on Tuesday at Paramount HQ to discuss — Zaslav also has spoken to Shari Redstone, who owns Paramount's parent company, about a deal — WBD has hired bankers as it explores options Story on Axios: Sign up for my newsletter for more scoops: https://lnkd.in/eiEymqM8
Warner Bros. Discovery in talks to merge with Paramount
axios.com
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Decree-Free and Loving It: Sony's Bold Move with Alamo Drafthouse 🎥🍿 In a historic move last week, Sony Pictures Entertainment acquired Alamo Drafthouse Cinema, becoming the first major Hollywood studio to own a movie theater chain since the Paramount Consent Decrees were rescinded in 2020. The Paramount Consent Decrees, a result of a 1948 U.S. Supreme Court ruling, had prohibited film distributors from owning exhibition companies for over 70 years. Under the deal, Alamo Drafthouse will continue to operate its 35 locations within a new division called Sony Pictures Experiences, a sign that Sony is commitment to getting closer to its customers. Interestingly, Sony was the only major studio not to launch its own streaming platform. As the lines between production, distribution, and exhibition continue to blur, Sony's decision to invest in Alamo Drafthouse could prove to be a savvy alternative to the highly competitive streaming market. This acquisition marks the beginning of a new chapter in the ever-evolving world of entertainment, and its impact on the industry will be closely watched. #media #paramount #sony #alamodrafthouse #acquisitions #strategy #entertainment
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Ambassador at The Integrity Film Fund & De Bacci Capital | Co-Founder at Venture Starters | Raising Capital Globally | Talk to me about art, science, business, and philosophy
Something interesting happened yesterday! Paramount Global and Skydance merged, ending the Redstone era! 🎬🤝 🔑 Key Highlights of the event: ✔️ David Ellison will lead the combined company. ✔️ Deal size: $28 billion, including $2.4 billion for National Amusements and $4.5 billion for shareholders. ✔️ Paramount class A shareholders get $23/share; class B get $15/share. ✔️ Merger expected to close in Q3 2025, subject to regulatory approval. 💡 What's Next?: - A new era for Paramount focusing on creative leadership and innovation. - Emphasis on content, sports, and tech integration. - $2 billion in run-rate savings, with $1 billion in the first year. 📢 Full report by Reuters here: https://lnkd.in/dWaQMQ8w #Paramount #Skydance #Hollywood #Merger #Entertainment #Media #Innovation #Leadership
Paramount, Skydance merger deal ends Redstone era
reuters.com
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