EXCLUSIVE: ITV may have balked at All3Media’s £1B ($1.3B) price tag last month, but Deadline hears that the British broadcaster is yet to fully walk away from a deal for The Traitors producer.
07.08.2023 - 15:55 / deadline.com
Paramount Global is close to announcing a sale of its publisher Simon & Schuster to private investment giant KKR, according to a person familiar with the situation. Timing is always fluid but a deal could be announced as early as today. Paramount will report second-quarter earnings this afternoon.
It’s the second deal for the storied publisher. A previous agreement to sell the book publisher to Bertelsmann’s Penguin Random House was blocked by U.S. regulators last year for being anti-competitive — a ruling that was upheld by a federal judge. A transaction with KKR wouldn’t face the same hurdles. HarperCollins, which is owned by Rupert Murdoch’s News Corp., was also a suitor.
The price negotiated with KKR is said to be around $1.62 billion, less than the first was worth, at $2.2 billion. The gap is offset in part by a $200 million termination fee Paramount collected from Bertelsmann when their deal collapsed, as well as accumulated earnings from Simon & Schuster over the past few years.
The media company has been divesting non-strategic assets and real estate as it pivoted to streaming, looking for fresh cash to direct to its core film and television business. It has also been also entertaining offers for a stake in BET. A deal for the publisher, whose authors include Stephen King, will be one of its biggest transactions, one that Wall Street has been waiting for.
CFO Naveen Chopra said at a media conference in June that Paramount was “deep into the marketing process” for Simon & Schuster and could see a path to closing a deal this year. He said it would be “a sizable transaction” and the process was “very competitive,” with strong interest from strategic and financial buyers.
KKR has $510 billion in assets under
EXCLUSIVE: ITV may have balked at All3Media’s £1B ($1.3B) price tag last month, but Deadline hears that the British broadcaster is yet to fully walk away from a deal for The Traitors producer.
Jana Kramer is currently pregnant with her third child and in a new Q&A with fans on Instagram, opened up about how she’s doing with nausea and morning sickness.
Michaela Zee Paramount Global has decided to no longer sell a majority stake in its BET Media Group. According to The Wall Street Journal, the company announced Wednesday that it would end the bidding process for the unit — which includes VH1 and BET Studios, streamer BET+ and the BET channel —because “a sale wouldn’t result in any meaningful deleveraging of its balance sheet, the people said.” Paramount Global had received bids ranging from approximately $2 billion to $3 billion.
Naman Ramachandran World Productions (“Vigil,” “Line of Duty”) is producing a new season of hit series “Showtrial” for BBC One and iPlayer. Writer and creator Ben Richards (“The Diplomat”) returns for the series. In the show, when high-profile climate activist Marcus Calderwood is left for dead in a violent hit and run, he uses his dying moments to identify his killer – a serving policeman.
Harry Styles and Taylor Russell are in love and don’t care who knows it!
Harry Styles and Taylor Russell are getting close!
Naman Ramachandran Fremantle and Ukraine’s STB are teaming on “Power of Talent,” a feature documentary on the lives of previous “Ukraine’s Got Talent” contestants, revealing the obstacles they face amidst the ongoing conflict. The documentary will follow the journeys of Ukrainian acts including Light Balance Kids, Natasha Korotkina and Artem Fesko as they take to various “Got Talent” stages across the world.
Ciara and Russell Wilson are expecting their third child together!
Former MasterChef champion Simon Wood has announced a new style menu for his award-winning Manchester restaurant WOOD. The acclaimed chef is to celebrate the restaurant's sixth year on First Street with a 'more casual approach to dining'.
Paramount Global had a rocky June quarter in film as Transformers: Rise Of The Beasts, not surprising, found it tough going against last year’s Top Gun: Maverick.
Brian Steinberg Senior TV Editor Tom Cruise helped Paramount Global’s operations do good business last year, but he wasn’t able to lend a similar boost in the second quarter of 2023. The New York owner of CBS, Nickelodeon and the Paramount movie studio posted a second-quarter loss after ad revenue at its various TV networks sunk 10% and the company proved unable to devise a movie hit a movie hit on the order of last year’s “Top Gun: Maverick.” The tough results on the company’s linear side came even as it saw robust performance from streaming.
Brian Steinberg Senior TV Editor Paramount Global is near a deal to sell its Simon & Schuster publishing operations to investment giant KKR for as much as $1.62 billion, according to a person familiar with the matter. Paramount Global, the owner of CBS, Paramount+ and Nickelodeon, is expected to report its second-quarter earnings Monday afternoon.
After his rise to fame after the quarter finals on the 2005 series of The X Factor, fans of the show have been left wondering whatever happened to Chico. Famed for his number one hit It’s Chico Time, which knocked Madonna’s Sorry off the top spot, the cheeky chap left the spotlight behind when his singing career fizzled out.The 52-year-old, whose real name is Yousseph Slimani, was just 34 when he shot to fame on the ITV talent show alongside other memorable blasts from the past including winner Shayne Ward.The Welsh-born entertainer, who brought up in Morocco until the age of 14, trained as an electrical engineer but fame came calling and he applied for the show which saw his life change overnight.
Calvin Harris made a savage plastic surgery dig at music mogul and Britain's Got Talent judge Simon Cowell during his appearance on The One Show today, Thursday 3 August. The Acceptable in the 80s hitmaker, who is engaged to radio DJ Vick Hope, was on the BBC One sofa to promote his latest dance-inspired track Desire, which he has collaborated on with Sam Smith. As Calvin, 39, chatted all things music and inspiration with hosts Alex Jones and Roman Kemp, the Scottish star couldn't resist a cheeky swipe at Simon.
Three Flavours Cornetto Trilogy.Three Flavours Cornetto Trilogy’s name originates from the different flavours of the Cornetto ice cream cones that appear in the trio of Pegg-Wright films: Shaun Of The Dead (2004), Hot Fuzz (2007) and The World’s End (2013).Now, Pegg has teased in an interview with Discussing Film that the movie will be different from the comedy trilogy – and that the aim is to engage audiences more deeply.“We’ve always done original ideas, even though we’ve kind of built them around existing genres or whatever,” Pegg said. “Edgar and I are always talking about what we’re going to do next.“Neither of us can believe it’s been 10 years since The World’s End.
showed the goods in the West End revival of Tennessee Williams’ “A Streetcar Named Desire.” “He played Stanley, and there are several moments where he takes off his shirt and it was electric,” Daria Cercek admitted to Variety. “The ladies in the audience were very vocal, and we were like, ‘I think we’ve found our guy.’ “It was announced in January that Mescal, 27, would team with Denzel Washington for the action film sequel.He will play Lucius, the grandson of Lucilla (Connie Nielsen) and nephew to Commodus (Joaquin Phoenix) from the original “Gladiator.” “I’m so proud I get to make it,” Mescal told the Hollywood Reporter during Oscar season. “It’s an intimidating feat.
A 71-year-old old drug dealer linked to the overdose death of actor Michael K. Williams was sentenced to 30 months in prison in a New York courtroom on Tuesday. Carlos Macci was part of a drug dealing organization blamed in the "Wire" actor’s fatal overdose from fentanyl-laced heroin.
The Wire star Michael K. Williams was sentenced to 30 months in prison, according to. On Tuesday, Carlos Macci was among four men arrested on drug trafficking charges tied to the death of Williams.
The now-ex-boyfriend of the woman who faked her kidnapping on an Alabama highway earlier this month is speaking out — and he’s not holding back at all this time around.
Empire State Bastard have shared a new single called ‘The Looming’ – listen to it below.The song will serve as the closing track on the group’s debut album ‘Rivers Of Heresy’, which is due for release on September 1 (pre-order/pre-save here).Following on from the cuts ‘Harvest’ and ‘Stutter’, the latest offering from ESB – the side-project of Biffy Clyro frontman Simon Neil, and their touring guitarist Mike Vennart (Oceansize) – strikes an apocalyptic tone, building in intensity over its almost-seven-minute duration.“They can’t control you/ They can’t control you,” Neil screams midway through over brutal, crunching guitars. “Fuck what they told you/ Fuck what they told you/ Let’s take it over/ Something to live for/ Something to live for.”At the end of the fuzz rock-inspired single, Neil repeats a sinister warning of impending doom from the opening verse: “I’ll never grow old in a graveyard/ Do any little thing that’s not too hard/ The devastation’s looming like Jesus, just like Jesus/ What’s it gonna take to believe us?”In a brief statement, Empire State Bastard said: “The end is nigh! The end is looming! Fuck what they told ya!”Check out the official lyric video for ‘The Looming’ below.Speaking to NME earlier this year, Neil said that ESB were “going for extremity at all costs” while embarking on what he described as a “hideously horrific musical journey”.“Because we play together in Biffy, there’s no point in us doing another project that doesn’t feel miles apart,” he explained.