A town hall for Paramount Global employees originally scheduled to take place Wednesday has been delayed until June 25.
17.05.2024 - 21:33 / variety.com
Todd Spangler NY Digital Editor Julia Phelps, Paramount Global‘s executive VP and chief communications and corporate marketing officer, is exiting after almost 20 years with the company and predecessor Viacom. Phelps had long worked with Bob Bakish, who was ousted as CEO of the company last month and replaced by a three-exec committee. Phelps, in a memo to her team Friday, said she will leave Paramount at the end of May.
(Read the full memo below.) According to Phelps’ memo, the company’s marketing and communications group for the time being will report into Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon. Robbins is one of the troika of execs in the company’s “Office of the CEO,” alongside George Cheeks, president and CEO of CBS, and Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks. The senior management changes at Paramount Global come amid an uncertain future for the parent of CBS, Paramount Pictures, Paramount+, Pluto TV, and cable networks like Comedy Central, BET, MTV and Nickelodeon.
Paramount Global’s board and controlling shareholder Shari Redstone had been in talks with David Ellison’s Skydance Media on a deal that would have merged Paramount and Skydance. But an exclusive 30-day negotiating window with Skydance lapsed last month without a deal. Meanwhile, Sony Pictures and private-equity giant Apollo teamed on a proposed $26 billion offer for Paramount Global, but Sony is now “rethinking” the bid to acquire the entire company, CNBC reported this week.
A town hall for Paramount Global employees originally scheduled to take place Wednesday has been delayed until June 25.
As Paramount Global controlling shareholder Shari Redstone mulls the terms of a merger between her conglom and Skydance, the network/studio/streaming service trotted out their best and brightest CEO troika this early AM in annual global stockholders meet to tout their hit parade of 14 billion dollar revenue earning franchises across all mediums, their assurance to cut $500 million in overhead, and maximize shareholder value and profits.
Shari Redstone, Paramount Global‘s non-executive chair and controlling shareholder, sought to sell shareholders at the company’s annual meeting Tuesday on the potential of the three-member Office of the CEO.
As Paramount Global approaches Tuesday’s annual shareholder meeting and a high-stakes town hall for employees the following day, new details are emerging about Skydance Media‘s latest acquisition offer.
Those who wear makeup on the regular will understand the struggle of wearing a face of glam when the sun is shining. Often we have to sacrifice a full beat in favour of lighter products that won't melt off from the sun.
Todd Spangler NY Digital Editor After months of on-again-off-again haggling, Skydance Media submitted a newly revised offer for Paramount Global. The revised bid would reduce the amount Skydance and its financial partners would pay Shari Redstone, Paramount’s controlling shareholder, and reallocate that more equitably to the company’s nonvoting Class B shareholders, Variety has confirmed. Skydance would also put in more cash upfront to swing the deal, sources said.
Home Alone is back on the market for an exorbitant amount of money.Built in 1921, the Winnetka, Illinois house has been listed for sale on Zillow and comes with five rooms and six bathrooms. Fully renovated and expanded in 2018 while still preserving its original look from the 1990 Home Alone film, the house is now fetching an asking price of US$5.25million, or GBP4.13million.Pictures of the listing on Zillow reveal the massive house sitting on a half-acre plot of land that includes an indoor basketball court, a movie theater, a poker room and a statue of the movie’s star Macaulay Culkin in his iconic scream pose, constructed entirely out of Lego pieces.The house previously went for US$1.58million or GBP1.24million in 2012.
Callum McLennan Ari Aster and his producing partner Lars Knudsen have boarded Chile’s Cristóbal León and Joaquín Cociña’s new film “Hansel & Gretel” as executive producers through their company, Square Peg. The Chilean duo’s feature “The Hyperboreans” forms part of Cannes’ Directors’ Fortnight.
Former CBS Media Ventures licensing and distribution executive Jonathan Bingaman has been named President, Domestic Multi-Platform Licensing & Distribution for Paramount Global Content Distribution. He will report to Dan Cohen, Chief Content Licensing Officer, Paramount Global and President, Republic Pictures, who announced the appointment in a note to staff.
Prince William is reportedly "absolutely furious" with Prince Harry and Meghan Markle over their recent tour of Nigeria, which has been perceived by some as an unofficial royal visit. The Duke and Duchess of Sussex visited the African nation to promote the Invictus Games, but have faced backlash for the trip.
Biosphere Bikes has been able to add to its seasonal seafront hire hub by opening a shop and community hub in Henrietta Street in Girvan, thanks to part funding from South Ayrshire Council.
itself, the memes from 2024 have officially arrived on the internet, and we’re already seeing some themes. Most of them Zendaya related.In her first look, a at the Met Gala was compared by many to both Yzma from The Emperor’s New Groove and Effie Trinket from The Hunger Games.This content can also be viewed on the site it from.This content can also be viewed on the site it from.This content can also be viewed on the site it from.Others compared Z to a variety of fictional evil witch queens.
itself, the memes from 2024 have officially arrived on the internet, and we're already seeing some themes. Most of them Zendaya-related.In her first look, a at the Met Gala was compared by many to both Yzma from The Emperor's New Groove and Effie Trinket from The Hunger Games.This content can also be viewed on the site it from.This content can also be viewed on the site it from.This content can also be viewed on the site it from.Others compared Z to a variety of fictional evil witch queens.
Warner Bros. Discovery chief David Zaslav largely evaded questions about NBA talks and Paramount Global‘s potential as a WBD merger partner, but he did weigh in on the hot topic of executive pay.
Denise Van Outen celebrated her 50th birthday - early - with a huge party on Sunday, 5 May, with boxer and bowtie-clad dancers, a giant cake and massive sparklers.The next day, Denise, who actually turns 50 on 27 May, shared a video to her Instagram Stories of the raucous-looking event as she danced the night away in a black minidress and a bright green blazer. She even donned a tiara as she beamed whilst being the centre of attention for the night.The TV and theatre star, who has presented The Big Breakfast and played Roxie Hart in the musical Chicago both in the West End and on Broadway, chose to ring in her milestone birthday at Bunga Bunga in Covent Garden, London. Over the top of the video she shared, Denise wrote: "So this happened last night," whilst tagging the venue.
Cynthia Littleton Business Editor Warner Bros. Discovery is staying on the sidelines of the Paramount Global acquisition drama — at least for now. That was the signal sent Monday by WB Discovery CEO David Zaslav during his appearance at the Milken Institute Global Conference in Beverly Hills.
Cynthia Littleton Business Editor Paramount Global goes back to playing the field this week with two suitors still pursuing the company that has been surrounded by a highly public M&A drama for months. And it’s unlikely to end any time soon. The company reached the end of its 30-day exclusive negotiating window with Skydance Media on May 3 without coming to an agreement.
Warren Buffett says he has sold all of his shares in Paramount Global at a significant loss.
Todd Spangler NY Digital Editor UPADTED: After months of M&A talks, Paramount Global and controlling shareholder Shari Redstone might be going it alone after all — for now. Insiders tell Variety that the expectation at the company is that neither of the two offers in play — Skydance Media-RedBird Capital Partners and Sony Pictures Entertainment-Apollo Global Management — will come to fruition. And Redstone is said to have reluctantly concluded that a deal with David Ellison’s Skydance, a longtime partner of Paramount Pictures, will not be possible.
Three days after he was named to the newly formed Office of the CEO of Paramount Global, George Cheeks, President and CEO of CBS, faced reporters at the unveiling of the broadcast network’s fall 2024 schedule.