Byron Allen Resubmits $3.5 Billion Bid For Paramount Global’s BET, VH1

Editor’s note: Underplayed in the media intrigue over the prospect of Warner Bros swallowing Shari Redstone’s empire that includes Paramount and CBS is the gloomy reality that another storied Hollywood studio could go the way of Fox. That went from a vibrant multi-faceted creative content-generating enterprise to a headstone, when Rupert Murdoch decided to cash out for Disney stock. David Zaslav spent 2023 kicking employees and finished films to the curb to pay down debt just to get this far; chances are more blood will spill down Melrose if Redstone sells some or all the pieces of Paramount to be mashed into an existing studio. When Bill Mechanic was perched atop Paramount, Disney and Fox, he built Disney’s home video from a $30 million to $3 billion business, and found ways to take risks and squeeze max returns from blockbusters from Braveheart to Titanic, Independence Day and many others. Who better to remind Hollywood that once a major studio dies, it never comes back, and that there might be better ways to squeeze better performance out of an established creative business with global pipelines?

Calvin Klein just debuted their new Spring 2024 campaign featuring a shirtless Jeremy Allen White in his underwear.

Clara Indrani is currently starring as Molly Sardana on Netflix's hit new series, Fool Me Once.The thrilling TV drama is based off of a book by acclaimed author Harlan Coben, and also stars the likes of Corrie legend Michelle Keegan, British heavyweight Dame Joanna Lumley, The Hobbit star Richard Armitage and Irish actor Emmett J. Scanlan. It tells the story of Maya Stern, who is trying to come to terms with the brutal murder of her husband, Joe.

Manchester United great Peter Schmeichel says Erik ten Hag was wrong to haul off Kobbie Mainoo at half-time during the 2-1 defeat to Nottingham Forest on Saturday afternoon. Mainoo started for the fourth match running, but the teenager was sacrificed after 45 minutes to make way for Scott McTominay.

Manchester United manager Erik ten Hag has recalled Antony to the starting line-up for this evening's clash with Nottingham Forest at the City Ground because of his ability to make runs in behind.

Cynthia Littleton Business Editor Paramount Global has clinched a deal that is crucial to its future — but it’s not the transaction that Wall Street has been buzzing about for a few weeks. Paramount Global and Comcast have set a new carriage agreement covering Paramount’s cable channels and CBS-owned stations. The pact averts the prospect of a blackout for CBS stations and Paramount channels across Comcast’s cable systems, which reach about video 14.5 million subscribers and 29 million broadband subscribers.

The Iron Claw is officially out in theaters! Starring Zac Efron, Jeremy Allen White, Harris Dickinson, and Stanley Simons, the film tells the story of the Von Erich family. White plays Kerry Von Erich, the “Modern Day Warrior,” who became a beloved wrestling superstar worldwide before he died by suicide. To play the role, White had to fit the part, and with training and a lot of eating, he gained 40 pounds of muscle.The 32-year-old star had to live by a strict training regime and consume a lot of calories.

Christine Lampard has shared that she makes a break for some much-needed alone time in her very own "she shed" in the garden, where she hides from her children. The Lorraine presenter and Loose Women panellist shares children Patricia, four, and Freddie, two, with her football legend husband Frank Lampard. Opening up about how tricky it can be to get any peace and quiet during stressful times at home, Christine joked that there's nowhere to "hide".

Todd Spangler NY Digital Editor Byron Allen’s Allen Media Group expanded its board of directors from the original trio to a new total of nine board members, effective immediately. The board of Allen Media (originally called Entertainment Studios when it was founded in 1993) has comprised founder, chairman and CEO Byron Allen, film producer Carolyn Folks (Allen’s mother) and chief operating officer Terence Hill.

Elon Musk‘s X/Twitter is back up after going down tonight all over the world.

Cynthia Littleton Business Editor Here we go again? Warner Bros. Discovery is flirting with the idea of acquiring Paramount Global. If a deal involving the Redstone empire comes to fruition, it would mark another transformative mega-merger for Hollywood legacy brands, following on the heels of Disney’s acquisition of 21st Century Fox in 2019, AT&T’s difficult marriage with Time Warner in 2018 and the subsequent Discovery-WarnerMedia tie-up that closed in April 2022.

Todd Spangler NY Digital Editor Media mogul Byron Allen has renewed his attempt to acquire BET Media Group from Paramount Global — extending a $3.5 billion offer. On Tuesday, Allen, who is founder and CEO of Allen Media Group, emailed Paramount Global senior executives and board, offering $3.5 billion for BET Media Group, which includes the BET cable channel, VH1, BET Studios and streaming service BET+, sources familiar with the situation confirmed to Variety.

Deadline has confirmed that Warner Bros Discovery and Paramount Global have held talks on a possible merger.

Warner Bros. Discovery and Paramount Global have held talks about a potential merger of the two media companies, Variety has confirmed.

Prince Archie isn’t going to have all his wishes come true this Christmas!

Todd Spangler NY Digital Editor Adobe called off plans to buy Figma, a web-based collaborative design platform, citing regulatory opposition to the proposed $20 billion deal. Adobe and Figma on Monday said they mutually agreed to terminate their merger agreement, originally announced Sept. 15, 2022.

Stuart Miller When Byron Allenwas just 14, he started doing stand-up comedy. Four years later, in 1979, he became the youngest comedian to appear on “The Tonight Show Starring Johnny Carson.” It was a launching pad for an entertainment career that included a stint on “Real People,” a lead role in “Case Closed,” a TV movie he co-wrote and a syndicated late-night show bearing his name. But all along, Allen had his eyes on a much bigger prize.

Angelique Jackson The Paramount Pictures adaptation of the hit YA book “Children of Blood and Bone” is taking another step toward the big screen, with Gina Prince-Bythewood signing on to direct. Prince-Bythewood will develop the next pass of a draft penned by author Tomi Adeyemi. The action fantasy novel follows heroine Zélie Adebola, who belongs to a class of magic practicioners know as the maji, as she attempts to restore magic to the kingdom of Orïsha, following the ruling class kosidáns’ brutal suppression of her people.

EXCLUSIVE: Paramount Pictures’ adaptation of Tomi Adeyemi‘s novel Children of Blood and Bone is gaining momentum. Deadline is hearing The Woman King director Gina Prince-Bythewood is coming on to helm. Prince-Bythewood will develop the next pass of a draft penned by Adeyemi.

President Joe Biden arrived at LAX late on Friday afternoon to kickoff a weekend of fundraising, starting with a Hollywood-centric event hosted by designer Michael Smith and James Costos, the former U.S. ambassador to Spain.