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Four Paramount Global Board Members to Exit Amid M&A Talks - variety.com - county Wells - county Frederick - county Terrell
variety.com
11.04.2024 / 22:19

Four Paramount Global Board Members to Exit Amid M&A Talks

Todd Spangler NY Digital Editor Four members of Paramount Global‘s current 11 board of directors will step down, the company disclosed, coming as the company has stepped up talks with Skydance Media about an M&A deal. The four directors — Dawn Ostroff, former chief content and advertising business officer of Spotify; Nicole Seligman, former president of Sony Entertainment; Frederick Terrell, vice chairman of investment banking at Wells Fargo; and Rob Klieger, partner at Hueston Hennigan LLP, who had served as legal counsel to Sumner Redstone — will not stand for reelection at Paramount Global’s annual meeting, set for June 4.

‘Station 19’ Cast and Producers Look Back on 100 Episodes, Diverse Storytelling and the Surprise Cancellation - variety.com - city Sandoval - Seattle
variety.com
11.04.2024 / 20:45

‘Station 19’ Cast and Producers Look Back on 100 Episodes, Diverse Storytelling and the Surprise Cancellation

Lauren Piester “Station 19” is about to hit a huge milestone, but it’s bittersweet. Just three days into production on Season 7 of the “Grey’s Anatomy” spinoff, as plans for a celebratory 100th episode were beginning to develop, new showrunners Peter Paige and Zoanne Clack learned that the show had been canceled. Season 7 would be its last, tasking them with not only ushering the show into a new era, but also to a satisfying ending.

Damien Chazelle Has His Sixth Film Set Up At Paramount - theplaylist.net - Hollywood - city Tinsel
theplaylist.net
11.04.2024 / 19:33

Damien Chazelle Has His Sixth Film Set Up At Paramount

After “Babylon” bombed in theaters in late 2022, many wondered what the future would hold for director Damien Chazelle, if he had any future in Hollywood left. Well, sorry to disappoint, Chazelle haters: his “poison pen letter” to Tinsel Town didn’t oust him from the industry after all, and he’s ready to make his sixth feature over at Paramount.   READ MORE: Damien Chazelle Says After ‘Babylon’ Flop, He Won’t Get That “Kind Of Budget Anytime Soon” News of Chazelle’s next project comes out of CinemaCon courtesy of The Playlist’s Gregory Ellwood.

Paramount Makes ‘G.I. Joe’/’Transformers’ Crossover Film Official, Announces 2025 ‘Star Trek’ Film & Much More - theplaylist.net
theplaylist.net
11.04.2024 / 19:33

Paramount Makes ‘G.I. Joe’/’Transformers’ Crossover Film Official, Announces 2025 ‘Star Trek’ Film & Much More

Both based on toys and animated series, Paramount’s “G.I. Joe” series has never been the blockbuster that “Transformers” were in their heyday.

Paramount Reups First Look Deal With ‘Sonic The Hedgehog’ Producer Neal H. Moritz & His Original Film Banner - deadline.com - Ireland
deadline.com
11.04.2024 / 18:17

Paramount Reups First Look Deal With ‘Sonic The Hedgehog’ Producer Neal H. Moritz & His Original Film Banner

At their CinemaCon presentation this AM, Paramount Pictures today announced a three-year extension of its first-look deal with producer Neal H. Moritz and his Original Film banner.

CAA Makes Layoffs In Global TV Division & Centralizes Operations To U.S. & UK - deadline.com - Britain - London - Mexico - Sweden - Germany - city Stockholm - county Brown
deadline.com
11.04.2024 / 16:55

CAA Makes Layoffs In Global TV Division & Centralizes Operations To U.S. & UK

EXCLUSIVE: CAA has laid off a number of staff in its global TV division and is centralizing the team to the U.S. and UK.

Paramount Stock Falters As Investors Sweat Details Of Skydance-National Amusements Talks - deadline.com - city Redbird
deadline.com
08.04.2024 / 23:05

Paramount Stock Falters As Investors Sweat Details Of Skydance-National Amusements Talks

Paramount Global‘s beleaguered stock faltered Monday as investors fretted over the ongoing talks between controlling shareholder National Amusements Inc. and Skydance Media.

Paramount Flies High As ‘Top Gun: Maverick’ Copyright Suit Against Studio Dismissed - deadline.com - California
deadline.com
08.04.2024 / 17:35

Paramount Flies High As ‘Top Gun: Maverick’ Copyright Suit Against Studio Dismissed

The nearly two-year old dogfight between Paramount and the family of the writer of the 1983 article that inspired the franchise is over.

Paramount Global’s Cable Carriage Talks with Charter Could Play Key Role in Skydance Transaction - variety.com
variety.com
06.04.2024 / 04:05

Paramount Global’s Cable Carriage Talks with Charter Could Play Key Role in Skydance Transaction

Cynthia Littleton Business Editor Charter Communications is about to play a guest-star role in the corporate drama surrounding Paramount Global. As if Shari Redstone’s media empire wasn’t under enough pressure, Paramount Global now is in the final few weeks of its most recent carriage agreement with Charter, the nation’s second largest cable operator behind Comcast. The two companies are in renewal discussions, the outcome of which will have significant influence on Paramount’s ability to deliver the free cash flow that media investors are expecting from the company that has lately posted big losses on streaming operations.

‘The King Of Queens’ Streaming On Paramount+ & Pluto TV As Part Of New Deal Between Sony Pictures TV & Paramount Global - deadline.com - USA - New York - county Queens
deadline.com
04.04.2024 / 14:05

‘The King Of Queens’ Streaming On Paramount+ & Pluto TV As Part Of New Deal Between Sony Pictures TV & Paramount Global

EXCLUSIVE: Sony Pictures Television has finalized a new licensing deal with Paramount Global for comedy series The King of Queens to continue to be available on Paramount linear cable networks. The new pact also includes for the first time streaming rights on Paramount+ for all nine seasons and on Pluto TV for some (currently Seasons 1-3).

Apollo Global Offered $27 Billion for All of Paramount Global but the Bid Was Rebuffed - variety.com
variety.com
03.04.2024 / 23:45

Apollo Global Offered $27 Billion for All of Paramount Global but the Bid Was Rebuffed

Todd Spangler NY Digital Editor Private-equity giant Apollo Global Management made a $27 billion offer to acquire all of Paramount Global this week, sources familiar with the bid told Variety. However, the special committee set up by the Paramount Global board of directors to consider M&A options declined to engage with the bid. Apollo submitted an all-cash bid on Sunday, March 31, to acquire Paramount Global in a deal worth more than $27 billion of total enterprise value, encompassing equity and debt, according to people familiar with the situation.

National Amusements and Paramount Global Close to Setting an Exclusive Window for Acquisition Talks with Skydance Media - variety.com - New York
variety.com
03.04.2024 / 01:53

National Amusements and Paramount Global Close to Setting an Exclusive Window for Acquisition Talks with Skydance Media

Cynthia Littleton Business Editor Paramount Global and its parent company are moving closer to an agreement with Skydance Media for an exclusive window for acquisition negotiations as Shari Redstone and David Ellison inch toward a deal to bring their companies together in a three-way transaction. The New York Times on Tuesday reported on the rumors that have been swirling around Hollywood for the past few days.

Paramount Streaming CEO Tom Ryan on Pluto TV Turning 10, What’s Next for Paramount+ and More: Streaming Biz Is ‘Underestimated by the Market’ - variety.com
variety.com
01.04.2024 / 15:07

Paramount Streaming CEO Tom Ryan on Pluto TV Turning 10, What’s Next for Paramount+ and More: Streaming Biz Is ‘Underestimated by the Market’

Todd Spangler NY Digital Editor Tom Ryan co-founded the free, ad-supported streaming service Pluto TV, which launched 10 years ago with a linear TV-like grid and a cluster of “live” channels stocked with online videos. Viacom, one of Paramount Global’s two predecessor companies, acquired Pluto TV for $340 million in cash in January 2019.

Paramount Global’s Debt Rating Downgraded to Junk by S&P - variety.com - county Wells
variety.com
27.03.2024 / 20:01

Paramount Global’s Debt Rating Downgraded to Junk by S&P

Todd Spangler NY Digital Editor Paramount Global‘s debt rating was cut to junk status by credit-rating agency S&P Global, which cited the media conglomerate’s ongoing challenges with free cash flow generation relative to its debt. S&P on Wednesday said it expects Paramount Global’s free operating cash flow-to-debt will remain “well below” 10% through 2025, and that adjusted leverage (debt-to-equity ratio) will stay above 3.5 times through then.

New tower blocks to create nearly 150 affordable apartments in Stockport - www.manchestereveningnews.co.uk - city Stockport
manchestereveningnews.co.uk
26.03.2024 / 10:49

New tower blocks to create nearly 150 affordable apartments in Stockport

Two eight-storey apartment blocks are set to be built in Stockport creating nearly 150 affordable homes. It's part of a new residential development at the corner of Chestergate and King Street West in Stockport.

What Could Happen If Paramount Global Is Sold — Especially in Pieces - variety.com
variety.com
22.03.2024 / 17:23

What Could Happen If Paramount Global Is Sold — Especially in Pieces

Jennifer Maas TV Business Writer What does the future hold for Paramount Global? The odds of a seismic M&A event seem to be increasing: Private-equity firm Apollo Global has reportedly offered $11 billion for Paramount’s Hollywood studios. Short of carving up the “mountain of entertainment,” as the Paramount+ tagline boasts, analysts say the overture could drive up bidding for the entirety of Paramount Global — which is what Shari Redstone, who owns a controlling stake in the media conglomerate, is understood to prefer. Given that backdrop, let’s consider what Paramount Global comprises — and the potential effect of selling it off in its entirety or in pieces.

NFL Exec Brian Rolapp Expects Paramount And Other Legacy Rights Holders To Stay Afloat Through 2033 End Of Current Deal: “We’re Not Worried About Any Insolvency Risk” - deadline.com - Washington
deadline.com
21.03.2024 / 23:21

NFL Exec Brian Rolapp Expects Paramount And Other Legacy Rights Holders To Stay Afloat Through 2033 End Of Current Deal: “We’re Not Worried About Any Insolvency Risk”

Despite the rigors of the ongoing transition from linear TV to streaming, NFL Chief Media & Business Officer Brian Rolapp expects traditional media partners like Fox, NBCUniversal, Disney and Paramount to remain viable for years to come.

Paramount Stock Rides Roller Coaster Back Down After Report That Shari Redstone Is “Unconvinced” By Apollo Offer For Studio - deadline.com - city Redbird
deadline.com
21.03.2024 / 17:53

Paramount Stock Rides Roller Coaster Back Down After Report That Shari Redstone Is “Unconvinced” By Apollo Offer For Studio

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 Stock Retreats on Report Shari Redstone Not Interested in Apollo’s $11 Billion Studio Buyout Bid - variety.com - city Redbird
variety.com
21.03.2024 / 17:31

Paramount Stock Retreats on Report Shari Redstone Not Interested in Apollo’s $11 Billion Studio Buyout Bid

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.

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