What's New to TheStreet... 🎬 Big News: Paramount Global is merging with David Ellison’s Skydance Media, marking the end of the Redstone family’s era with the Hollywood giant. What are your thoughts on this new chapter? Share your opinions below! 🌟🎥 ⬇️ 👉🏻Follow New To The Street for more! #paramount #skydancemedia #hollywood #entertainmentnews #mergerannouncement #businessnews #business #news #newtothestreet
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What's New to TheStreet... 🎬 Big News: Paramount Global is merging with David Ellison’s Skydance Media, marking the end of the Redstone family’s era with the Hollywood giant. What are your thoughts on this new chapter? Share your opinions below! 🌟🎥 ⬇️ 👉🏻Follow New To The Street for more! #paramount #skydancemedia #hollywood #entertainmentnews #mergerannouncement #businessnews #business #news #newtothestreet
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Anna Nicolaou, James Fontanella-Khan and I kick the tires on Paramount's potential sale to Skydance. The deal they're talking about looks complicated, and there may be opposition from big stakeholders. Stay tuned...
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#ParamountGlobal is facing critical decisions as it considers takeover bids from #ApolloGlobal, #LegendaryEntertainment, and #SkydanceMedia for Paramount Pictures. #mergersandacquisitions #mediaindustry #businessstrategy
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Paramount Pictures has a prominent place in this week’s Barron's magazine. For those of you from the movie world…Barron’s is like the Bible of Wall Street. It is read by pretty much everyone at the highest levels. I’m now convinced a deal is going to happen but won’t be what people think. The deal has been in play for a while which means many parties have the full data on Paramount besides what is in SEC filings. Lots of smart bankers / hedge funds / private equity funds are going to apply their magic finance voodoo. As Paramount loses money every day…every month..every quarter the enterprise value of the company continues to drop. There will be a point where the equity value will be so low that the entire company will be worth its debt currently around $16 billion. Sony Pictures Entertainment looks like a genius just being a supplier of movies to Netflix . I heard a rumor that Madame Web’s Pay One deal from Netflix was around $20 million USD. Everything seems so clear on hindsight but this should have been the path Paramount pursued versus being the biggest company to go down due to fighting in the streamer wars.
Paramount Is the Last Hollywood Studio Standing. Its Days May Be Numbered.
barrons.com
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And the Great Hollywood Contraction continues… Now that the pendulum is in full swing on its way to “Quality” from “Quantity”, it will be worth tracking what other collateral sectors will be impacted as the Industry “right-sizes” in both needs and output. And, with much less original scripted content being produced overall, where does IATSE’s and Teamster’s leverage stem from once negotiations get going? https://lnkd.in/e2xgjPp8
Hollywood Contraction: Actors Struggle To Find Jobs As TV Castings Dry Up
https://deadline.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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One of Hollywood's oldest companies, Paramount Global, has agreed to merge with independent film studio Skydance Media which is owned by the son of the founder of software and database giant, Oracle. What does this mean for the future of the veteran Film and TV business and what will they learn from Oracle’s approach to doing business. Perhaps it will be like this: 1. If you want to watch the best Star Trek Movie (if you are wondering it’s The Undiscovered Country) you will now be required to purchase all the previous titles and prove that you have watched at least 5 of them within the first 180 days. 2. You know that time you watched a clip on You Tube of Tom Cruise jumping off a cliff top on a motorbike? Theres a bill in the mail for that. 3. Unless you have documented evidence that you have viewed at least 30 minutes of: · The Ten Commandments · Gunfight At the OK Corral · The Blob · Airplane Or · Footloose You will have to watch at least three episodes of Macgyver, or an entire season of Dynasty before accessing any further episodes of Frasier. #ITAM #licensing #licensingrules 😉 https://lnkd.in/eAuNuUxV
Hollywood icon Paramount agrees merger deal with Skydance Media
bbc.co.uk
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Paramount Global (NASDAQ:PARA) shares gained 1.5% in pre-market trading on reports talks with Skydance over a potential takeover were nearing exclusivity. As per The New York Times, discussions have been held on entering into exclusive talks over the deal which would see Skydance buy Comedy Central owner Paramount. Such a move would mark a big step for Paramount, given several months of deliberations over prospective deals have yet to produce any firm arrangements. That said, whether Paramount does enter into exclusive talks with Skydance is yet to be confirmed, according to The New York Times. Investment firm Apollo Global Management (NYSE:APO) has made an US$11 billion offer for Paramount’s movie studio, for instance. Paramount’s directors are reportedly eyeing an offer for the entire business, however. Shari Redstone had initially started negotiations with Skydance last year over her controlling... More at #Proactive #ProactiveInvestors http://ow.ly/Ff2N105ojEx
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Such an important study. Help to inform the future and make things better by sharing your thoughts and experience.
Take part in the biggest and most important mental health survey for people working behind-the-scenes – this is your time to talk and help us rewrite the script. https://bit.ly/3VwjSMY 🔗 #Film #TV #Cinema #Distribution BBC , ITV Studios, Channel4 Bectu UK Cinema Association , Cinema Technology Community (CTC) , Sky Studios , BBC Studios, Netflix Warner Bros. Studios Leavesden , Warner Bros. Discovery , Universal Pictures , Sony Pictures Entertainment , Paramount Pictures , Lionsgate , STX Entertainment,Disney Media & Entertainment Distribution
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