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Paramount Global Launches New Publishing Imprint for IP Adaptation
Culturevarietyhollywood-reporterdeadline1d ago3 sources

Paramount Global Launches New Publishing Imprint for IP Adaptation

Paramount Global is re-entering the book business with the launch of a new publishing imprint, Paramount Global Publishing. The division will adapt the company's intellectual property into books and develop original stories for potential screen adaptations.

Jeff Shell in Talks to Exit as Paramount President
Culturevarietydeadline7d ago2 sources

Jeff Shell in Talks to Exit as Paramount President

Jeff Shell's legal team has initiated preliminary discussions with Paramount Skydance regarding his potential departure as president, with a possible transition to an advisory role if he remains with the company.

What Happens to HBO After Paramount Buys Warner Bros.?
Culturevariety1mo ago

What Happens to HBO After Paramount Buys Warner Bros.?

Like the rest of the town last week, the shock news of Paramount Skydance’s 11th hour successful acquisition of Warner Bros. Discovery stung deep at HBO. According to at least one insider, when word came down on Thursday that Netflix had ended its pursuit of the company, HBO chairman and CEO Casey Bloys walked out […]

Paramount's WBD takeover 'is not a done deal,' says California's attorney general
BusinessrzeczpospolitaBusiness Insiderdigi241mo ago3 sources

Paramount's WBD takeover 'is not a done deal,' says California's attorney general

California attorney general says, not so fast to Paramount Warner Bros. merger Christina House/Los Angeles Times via Getty Images California's attorney general is investigating Paramount's Warner Bros. merger, citing antitrust issues. California Attorney General Rob Bonta said the merger had not "cleared regulatory scrutiny." Netflix walked away from its bid for Warner Bros. on Thursday. Netflix dropped its bid for Warner Bros. Discovery, clearing a path for Paramount Skydance. But Californ...

Warner Bros. Discovery Sets April 23 Shareholder Vote on Paramount Deal
Culturemarketwatchvarietyhollywood-reporter+2deadlineseeking-alpha14d ago5 sources

Warner Bros. Discovery Sets April 23 Shareholder Vote on Paramount Deal

Warner Bros. Discovery has scheduled a special shareholder meeting for April 23 to vote on the proposed sale to David Ellison’s Paramount Skydance, a critical step in the acquisition process, with the sale moving full steam ahead.

The Paramount-Warner Bros mega-merger still has a few hurdles to get over
BusinessThe Guardian1mo ago

The Paramount-Warner Bros mega-merger still has a few hurdles to get over

The $110bn deal will require approval from regulatory authorities in the US, the EU and the UK Champagne reportedly flowed at Paramount Skydance headquarters late last week after the media conglomerate edged out Netflix to acquire the entirety of Warner Bros Discovery for a cool $110bn. And on a call with analysts and investors on Monday morning, David Ellison, Paramount Skydance’s chief executive, said the company was “absolutely confident” that the merger will expeditiously pass regulatory ...

David Zaslav Sells $114 Million Worth of Warner Bros. Discovery Stock
Culturevarietyhollywood-reporter1mo ago2 sources

David Zaslav Sells $114 Million Worth of Warner Bros. Discovery Stock

David Zaslav, president and CEO of Warner Bros. Discovery, filed to sell just over $114 million worth of stock in the company. His planned sale of the shares comes less than a week after WBD clinched a deal to sell itself to Paramount Skydance for $31 per share, after Netflix walked away from its deal […]

Paramount’s $110 Billion Warner Bros Deal Backed by Arab Sovereign Funds Raises Soft Power Concerns
CultureTimes of Indiavariety1mo ago2 sources

Paramount’s $110 Billion Warner Bros Deal Backed by Arab Sovereign Funds Raises Soft Power Concerns

Paramount Skydance’s $110 billion bid for Warner Bros. Discovery is not just a Hollywood deal. Powered by $24 billion from sovereign wealth funds in Saudi Arabia, Qatar and Abu Dhabi, the proposed merger is sparking debate over soft power, influence and media independence at a company that includes CNN and HBO. Saudi Arabia’s Public Investment […]

Paramount-Skydance to Acquire Warner Bros. Discovery
BusinessAPReutersbloomberg+8wsjFrance 24NHK WorldforbesYahoojerusalem-posttempo-englishvanguard-ng1mo ago11 sources

Paramount-Skydance to Acquire Warner Bros. Discovery

US media giant Paramount-Skydance has announced an agreement to acquire fellow company Warner Bros. Discovery, winning a bidding war against Netflix.

‘Not a done deal’: California vows ‘vigorous’ review of Paramount-Warner Bros takeover
BusinessThe Guardian1mo ago

‘Not a done deal’: California vows ‘vigorous’ review of Paramount-Warner Bros takeover

Attorney general says $111bn deal will be investigated amid concerns over monopoly power and job losses Rob Bonta, California’s attorney general, said his office will investigate a possible merger between Paramount Skydance and Warner Bros Discovery, hours after Netflix backed away from a planned takeover. “Paramount/Warner Bros is not a done deal,” Bonta said in a post on X. “These two Hollywood titans have not cleared regulatory scrutiny — the California Department of Justice has an open in...

Netflix odustao od kupnje Warner Brosa
Businessjutarnji-list1mo ago

Netflix odustao od kupnje Warner Brosa

Nakon nekoliko mjeseci pregovaranja, Netflix je ipak odustao od svog prijedloga za kupnju Warner Bros Discoveryja, otvarajući put Paramountu i Skydanceu da pobijede u višemjesečnoj bitci za jedan od…

Netflix backs away from its offer to buy Warner Bros Discovery
BusinessReutersle-mondenos+6fazSCMPBusiness Insiderla-vanguardiaindian-expressjerusalem-post1mo ago9 sources

Netflix backs away from its offer to buy Warner Bros Discovery

Netflix stated that a previous offer to buy Warner Bros Discovery's streaming and studio assets was no longer financially attracted after Paramount Skydance revised its offer.

Netflix or Paramount: who would be the best new owner of Warner Bros?
BusinessThe Guardian1mo ago

Netflix or Paramount: who would be the best new owner of Warner Bros?

The ongoing battle over who will own the iconic film studio is set to have a major impact on what we, the viewers, get to watch in the future It’s not unusual for a corporate merger to take months and months to actually finalize, but even by those standards, the bidding for ownership of Warner Bros Discovery has been drawn out. Netflix made a deal to buy the Warner Bros side of the company – its studio and streaming businesses – late last year, but Paramount Skydance has been undeterred, aggr...

Netflix Shares Pop More Than 5% As Warner Deliberates Next Steps
Culturevariety1mo ago

Netflix Shares Pop More Than 5% As Warner Deliberates Next Steps

Shares of Netflix rose more than 5% in trading Wednesday in the aftermath of Warner Bros. Discovery revealing it had received what could be a competitive offer for the company from Paramount Skydance that might leave the streaming giant mulling whether to continue its pursuit. Netflix shares stood at $82.23 per share in trading early […]

Paramount Submits Revised Bid for Warner Bros. Discovery
CultureNYTcnbcaktualne-cz+7Business InsiderobservadorYahoovarietyhollywood-reporterdeadlineseeking-alpha1mo ago10 sources

Paramount Submits Revised Bid for Warner Bros. Discovery

Warner Bros. Discovery has confirmed receiving a revised, reportedly sweetened, bid from Paramount/Skydance, initiating a new phase in acquisition negotiations.

David Ellison's Paramount has some breathing room in its quest to buy WBD despite a pressing deadline
Businessberlingskele-figaromarketwatch+3Business Insiderchannel-news-asiamyjoyonline1mo ago6 sources

David Ellison's Paramount has some breathing room in its quest to buy WBD despite a pressing deadline

Paramount Skydance CEO David Ellison has had his sights on Warner Bros. Discovery for months. Gilbert Flores/Variety via Getty Images; Mario Tama/Getty Images Paramount Skydance is coming up against a key deadline in its pursuit of Warner Bros. Discovery. David Ellison's media company doesn't need to raise its bid just yet, however. The crucial WBD shareholder vote isn't until March 20, giving the Ellisons extra time if they need. Paramount Skydance is staring down a key deadline in its pur...

Anderson Cooper Set to Exit CBS News’ ’60 Minutes’
Culturevariety1mo ago

Anderson Cooper Set to Exit CBS News’ ’60 Minutes’

Anderson Cooper is poised to exit CBS News’ “60 Minutes” after nearly 20 years of contributing to the program, according to a person familiar with his thinking, the latest blow to the revered Sunday-night newsmagazine after it has been undermined repeatedly by management at Paramount Skydance and its predecessor company. CBS News was unable to […]

Jeff Shell Officially Departs as Paramount President Amid Investigation
CultureAPReutersbloomberg+9NYTwsjcnbcBusiness InsiderThe Independentvarietyhollywood-reporterdeadline+1 more1d ago12 sources

Jeff Shell Officially Departs as Paramount President Amid Investigation

Jeff Shell has officially departed from his role as president of Paramount, following an internal investigation into allegations that he revealed non-public information. His ouster comes after a public dispute and legal battle with a professional gambler.

Paramount Raids Amazon for Ad Sales Veteran Danielle Carney
Culturevariety1mo ago

Paramount Raids Amazon for Ad Sales Veteran Danielle Carney

Paramount Skydance wants to battle Amazon and Google for digital ad dollars. And to do so, it has lured one of Amazon’s top ad sales executives to aid in the mission. Danielle Carney, who has in recent years supervised sports ad sales for Amazon Prime Video, is slated to join Paramount Skydance as head of […]

Warner Bros Discovery weighs new sale talks after fresh Paramount offer
BusinessThe Guardian1mo ago

Warner Bros Discovery weighs new sale talks after fresh Paramount offer

Board considering whether to re-engage in move that could prompt a second bidding war with Netflix Business live – latest updates Warner Bros Discovery (WBD) is reportedly weighing reopening sales talks with Paramount Skydance, in a move that could spark a fresh bidding war with Netflix for the Hollywood film and TV company. Members of the board of WBD are discussing whether to re-engage with Paramount, which is pursuing a hostile $108.4bn (£76.8bn) cash takeover directly with shareholders in a bid to derail an agreed deal with Netflix, according to Bloomberg. Continue reading...