Paramount Global shares, which soared Wednesday on news that Apollo had made an $11 billion offer for Paramount Pictures, has slumped today after a report splashed cold water on the scenario.
Paramount Global shares, which soared Wednesday on news that Apollo had made an $11 billion offer for Paramount Pictures, has slumped today after a report splashed cold water on the scenario.
Todd Spangler NY Digital Editor Shari Redstone looks like she remains firmly opposed to breaking up Paramount Global. Redstone, president of National Amusements Inc. — the controlling shareholder of Paramount Global — was “unconvinced” by Apollo Global Management’s $11 billion offer to buy Paramount’s film and TV studio, the Financial Times reported, citing anonymous sources.
EXCLUSIVE: We are hearing that Apollo Global Management, who was mulling an offer for National Amusements, the Redstone family company that controls Paramount Global, is no longer considering that now.
The Offer is the name of a series on Paramount+. Now, it could be the logline for Paramount Global.
RedBird IMI, a joint venture investment firm led by Jeff Zucker, has taken a stake in The Morning Show production entity Media Res.
Warner Bros. Discovery and Paramount Global have held talks about a potential merger of the two media companies, Variety has confirmed.
EXCLUSIVE: There’s a lot of noise in town about Skydance Boss David Ellison and RedBird Capital making a go at Paramount Global, but via National Amusements.
Leo Barraclough International Features Editor Jeff Zucker, the former president of CNN and onetime CEO of NBCUniversal, is eying a push by right-leaning British newspaper The Daily Telegraph into the U.S. if his company’s bid to buy the title is successful.
The XFL, whose latest revival as a springtime alternative to the NFL has been steered by Dwayne Johnson and Dany Garcia, is merging with the USFL.
Nick Vivarelli International Correspondent Rani R. Raad, a former president of CNN Commercial Worldwide, has been appointed CEO of Abu Dhabi-based media company International Media Investments.
Matt Donnelly Senior Film Writer Jeff Zucker is not shopping for CNN, according to one of the backing partners of his new media venture. Gerry Cardinale, the private equity player and founder of RedBird Capital, partnered with International Media Investments last year to launch a $1 billion media acquisitions engine run by Zucker. Reports were rampant in June that Zucker was looking to take CNN off the hands of Warner Bros. Discovery, after running the news network for decades before resigning in 2022 over a consensual workplace affair. “No,” Cardinale said on Thursday when asked if he and Zucker were looking to buy CNN, speaking on stage at the Variety and Sportico Sports and Entertainment Summit in West Hollywood. “I would not have the longevity that I’ve had if I ran my business running around town talking about deals in a way that’s, frankly, disrespectful to David Zaslav. I’m kind of amused and irritated by it.”
Wrexham FC owners Ryan Reynolds and Rob McElhenny and Creed actor Michael B. Jordan have invested in Formula 1 team Alpine.
EXCLUSIVE: Unstoppable has, in fact, been stopped — at least for now. Production on the wrestling drama, starring Jennifer Lopez and Jharrel Jerome, paused for the day earlier this morning following picketing at their shooting location near USC.
Mo Willems is stepping further into the multimedia entertainment world. The globally best-selling and award-winning children’s book author will team with Stampede Ventures and RedBird Capital to form Hidden Pigeon Company.
EXCLUSIVE: Jharrel Jerome, the Emmy winner, Moonlight actor and EP/star of the upcoming Prime Video series, I’m a Virgo, which just premiered at SXSW, has signed on to star in Artists Equity’s tentatively titled Unstoppable, the Jennifer Lopez starring, Billy Goldenberg directing project we first told you about yesterday.
EXCLUSIVE: As Amazon Studios is set to debut Artists Equity’s first movie, Air, at SXSW’s closing night, the Ben Affleck-Matt Damon production company is in final talks to make their second feature, currently titled Unstoppable, starring Jennifer Lopez.
Brad Pitt’s Plan B Entertainment is selling a majority stake to Paris-based Mediawan, Deadline has confirmed, following news several months ago that the company was seeking a buyer.
Ben Affleck says his newly minted studio Artists Equity, in partnership with Matt Damon, is going for films that are commercial but smart, that acknowledge popular tastes, but that “people remember 20 years later.”
As Deadline’s Mike Fleming reported back in June of this year, Redbird Capital Partners has today confirmed details in that story. Ben Affleck, Matt Damon and Gerry Cardinale are launching an artist-led studio that partners with filmmakers to empower creative vision and broaden access to profit participation.
Jeff Zucker, who left WarnerMedia last February just before its merger with Discovery, is in discussions with RedBird Capital to lead a $1 billion sports investment fund backed by the private equity outfit.
Matt Donnelly Senior Film Writer David Ellison’s media company Skydance has completed a $400 million investment round, led by global firm KKR and the Ellison family. Previous investors RedBird Capital and Tencent have also upped their contributions, bringing the total valuation of the producer behind “Top Gun: Maverick” to over $4 billion. The Ellison family remains the majority stakeholder in the venture. “Skydance has already created a diverse collection of premium content across multiple formats, and we are only in the early stages of what they can accomplish. We look forward supporting the Skydance team as they continue to build their business across TV, film, animation, gaming and sports and tell compelling stories in new and innovative ways,” said KKR parter Ted Oberwager, who leads the gaming, entertainment, media and sports verticals within KKR’s Americas Private Equity business.
EXCLUSIVE: While Ben Affleck just started Monday directing the untitled drama about maverick sneaker salesman Sonny Vaccaro (Matt Damon)’s dogged pursuit to get Michael Jordan to lace up in Nike shoes, Affleck and Damon are getting traction on their own groundbreaking endeavor.
EXCLUSIVE: The SpringHill Company, which recently received a minority investment valuing it at $725 million, has announced a key promotion and two senior exec hires as part of an ongoing expansion.
LeBron James’ SpringHill Company has sold what is being called a “significant minority stake” to a group of investors led by RedBird Capital. The investment values SpringHill at $725 million.In addition to RedBird, Fenway Sports Group, Nike and Epic Games round out the group.
Capitalizing on a red-hot deal market, LeBron James’s SpringHill Company has sold what it calls a “significant” minority stake to RedBird Capital Partners, Fenway Sports Group, Nike and Epic Games.
SpringHill Co., the media and entertainment company controlled by LeBron James and Maverick Carter, is moving closer to clinching an investment led by RedBird Capital Partners.
Variety reported that Fenway Sports Group and Nike would also be part of the consortium. The investment would value the production company between $650 million and $700 million.
Matt Donnelly Senior Film WriterLeBron James’ content company SpringHill is in advanced talks to secure a significant strategic investment from a consortium including Fenway Sports Group, RedBird Capital and Nike, insiders told Variety.While the NBA legend and his longtime business partner Maverick Carter have expressly told potential suitors they are not looking for a full acquisition, sources said the new investment partners would flush the operation with cash and value the entity between
Video: Scarecrow Performs In The Final Of The Masked Dancer (Liverpool Echo)Two fires in BirkenheadBlood Red: Jurgen Klopp Says James Milner Remains Incredibly Important For LiverpoolRoyal Blue: Blackpool Coach Reveals Ellis Simms Loan ProgressBlood Red: Liverpool owners FSG confirm Redbird Capital investment dealBlood Red: Liverpool Contracts Expiring In 2023 | Van Dijk, Henderson, FabinhoBlood Red: Should Liverpool Make A Move For Manchester City's Raheem Sterling?Government 'making it up as
Dade Hayes Finance EditorKevin Mayer, who spearheaded Disney’s pivot to direct-to-consumer streaming and briefly served as TikTok’s CEO, has joined billionaire Len Blavatnik’s investment company Access Industries as a senior media adviser.Blavatnik has stakes in Warner Music Group, which recently had a successful IPO, as well as sports streaming service DAZN and music and audio streaming outlet Deezer.Mayer, who had been in talks with private equity firm RedBird Capital, will focus on Access’
Matt Donnelly Senior Film WriterThe increasingly Hollywood-friendly RedBird Capital Partners is making a big splash on the West Coast.The private investment firm is opening a Los Angeles shop with a big new hire as anchor, the veteran Goldman Sachs executive Andy Gordon, who will join the company as a partner in the first quarter of 2021.Recent RedBird transactions include investments in David Ellison’s Sykdance Media, Tencent, and CJ Entertainment.
Recently departed TikTok CEO Kevin Mayer is in advanced talks to join investment firm RedBird Capital, according to a source familiar with the situation. The move would put Mayer, formerly chairman of Disney's direct-to-consumer business, at a company that has made investments across the sports, media and entertainment sectors.
Jill Goldsmith Co-Business EditorKevin Mayer — the longtime Walt Disney dealmaker and short-lived TikTok CEO — is in talks to join RedBird Capital, an investment firm with holdings in entertainment and sports, including David Ellison’s Skydance Media, someone familiar with the situation confirmed.Oracle, founded and run by Ellison’s father Larry Ellison, is trying to secure a deal to acquire TikTok with partners in an ongoing and tortured process.
@DanyGarciaCo & #GerryCardinale and our sharp, hungry team.
Dwayne Johnson is to become a co-owner of the revamped XFL American football league after agreeing to a deal to buy out his old WWE boss Vince McMahon.The league was set to go to a bankruptcy auction this week (August 9, 2020) but Johnson, his ex-wife and current manager Dany Garcia, and RedBird Capital have closed a deal to acquire the XFL’s parent company, Alpha Entertainment, for $15 million.In a statement to The Hollywood Reporter, XFL president Tom Pollock called the deal “a Hollywood
Dwayne “The Rock” Johnson is part of a group that just purchased the XLF, the bankrupt football league based in the USA.
Have a good time reading City Redbird news and scrolling City Redbird gossip. Follow daily updates of the stuff and have fun. Be sure, you will never regret entering the site popstar.one, because here you will find a lot of breaking City Redbird news, different interviews with famous stars, gossip on popular people from the world of showbiz and even much more. Be sure, you will never get bored here! Stay tuned!