The Penguin has given DC fans an idea of what happens after the end of The Batman.The 2022 story of one of DC’s most iconic superheroes, starring Robert Pattinson and Zoë Kravitz, ended with Paul Dano’s Riddler destroying the sea wall and flooding Gotham, leaving the city in disrepair Batman aiding recovery efforts. Check out the trailer below.While fans will have to wait another couple of years for the sequel, with the current release date for Part II being October 2, 2026, the newest trailer for upcoming spin-off series The Penguin has hinted at what they can expect.Starring Colin Farrell as the supervillain, alongside How I Met Your Mother’s Cristin Milioti and Runaways’ Rhenzy Feliz, the series is scheduled to debut in the US on Max in September.
Paramount Shares Gain As Wall Street Gauges Skydance Deal; “The More Important Question Is What Happens Next,” One Analyst Notes
03.06.2024 - 21:57 / deadline.com
Paramount Global shares rose 7.5% to close at $12.80 Monday on the news that a long-awaited merger with Skydance Media moved closer to completion.
The company’s stock has declined markedly in recent years, falling to about one-third of its level in late-2019, when the reunion of CBS and Viacom became official. As various M&A scenarios circulated over the past three months, however, including a now-less-likely transaction involving Sony Pictures Entertainment and private equity giant Apollo, the shares have risen almost 30%. Monday’s spike, on higher-than-average trading volume, showed investor’s continued belief in the near-term upside of an acquisition.
Skydance has been in talks for months with Shari Redstone’s National Amusements Inc., which controls 77% of Paramount’s voting shares but only 10% of its equity. The David Ellison-led suitor appears to have largely satisfied many initial critics who viewed his previous offers as sweetheart deals for Redstone. According to multiple press reports, Skydance’s updated bid would enable Class B (non-voting) shareholders to collect $15 a share as Skydance injects $1.5 billion into Paramount, enabling it to pay down debt. The framework, which still requires Redstone’s final blessing, would see Skydance pay about $7.9 billion in cash for NAI’s 77% stake in Class A (voting shares) and about 60% of Class B shares.
Laurent Yoon, an analyst with Bernstein Research, offered one early take on the latest Skydance proposal in a note to clients. He remains cautious on Paramount, rating its shares “underperform” (sell) with a 12-month price target of $11.
“If Skydance’s offer is accepted and closed at some point, the more important question is what happens next,” Yoon wrote. “There are
Is The Mission Possible For Paramount’s Crowded Corner Office? CEO Troika Settles In As Layoffs And Asset Sales Loom
Paramount Global‘s unorthodox Office of the CEO, which started as a presumed placeholder, is turning into a longer-term fixture poised to once again reshape the tempest-tossed company.
What’s on Moguls’ Minds at Sun Valley 2024: Disney Succession, AI Controversies and Trump’s Possible Return
Brent Lang Executive Editor The sultans of media and tech will break out their windbreakers and puffy vests for Allen & Co.’s annual Sun Valley conference next month. It’s a chance for these high-net-worth individuals to look “oh so casual” as they discuss the state of their industries and the world. The vibe is relaxed, but things aren’t going swimmingly for these denizens of one-percent-dom.
Paramount Global’s Tumultuous Timeline: Tracking 35 Years of Corporate Intrigue and Drama
Paramount Global and its predecessor companies have gone through several tumultuous decades. Here’s a timeline of key events that led up to the company’s most recent M&A drama, in this week’s cover story: What Went Wrong: Inside Paramount’s Failed Merger Talks and the Battle to Salvage the Company. MARCH 4, 1987: Sumner Redstone’s National Amusements Inc.
What Went Wrong: Inside Paramount’s Failed Merger Talks and the Battle to Salvage the Company
Shari Redstone, it was nothing personal. But the longer the negotiations went on, the more Redstone fell out of love with the idea of marrying her family’s legacy to David Ellison’s Skydance Media. So on June 11, as board members of Paramount Global were about to hold a key meeting on the long-gestating deal to merge with Skydance, Redstone was out — even as those around her were still scrambling to get it done.
Paramount Global’s Top Lawyer Is Stepping Down
Todd Spangler NY Digital Editor Christa D’Alimonte, Paramount Global‘s EVP, general counsel and secretary, is exiting at the end of the month after 12 years at the company and its predecessor Viacom. D’Alimonte on Tuesday informed her team that she will be leaving the company on June 28 (read the memo below).
Paramount Global General Counsel Christa D’Alimonte To Exit At End Of June
Paramount Global General Counsel Christa D’Alimonte has told colleagues she will be exiting the company at the end of the month.
Queens Of The Stone Age on what’s next: “There are definitely some aces in some sleeves”
Queens Of The Stone Age have spoken to NME at the 2024 edition of Download Festival, and opened up about what the future of the band looks like, as well as the response to their latest album, ‘In Times New Roman..’.Guitarist Troy Van Leeuwen and drummer Jon Theodore caught up with us backstage at this year’s instalment of the Donington Park festival, shortly before they took to the Apex stage as Friday’s headliners (June 14).It comes following frontman Josh Homme telling NME about the set at the end of 2023, and hinting that while they still planned to “to give it [their] all”, they didn’t see “any reason to trip out” over the set. Now, chatting with us backstage, Van Leeuwen and Theodore opened up about what it’s been like to tour in support of their latest LP, and shared their love for Royal Blood, who they hit the road with earlier this year.They also told us about the upcoming reissue of their 1998 self-titled album, and what it was like to take part in the project, despite neither of them being part of the line-up when it was first released.
Paramount CEOs Recognize “The Last Several Months Have Not Been Easy,” Tell Staff They Have A Plan
Paramount co-CEOs George Cheeks, Brian Robbins and Chris McCarthy thanked staff in a memo today, obtained by Deadline, for a few tough months rocked by Skydance merger speculation. With that deal a no go, they said, they have plan, one mostly laid out at last week’s annual shareholders meeting, to take the company into the future.
After Paramount Merger Talks Collapse, Skydance CEO David Ellison Tells Staff: ‘We Are Stronger Because of This Process’
Todd Spangler NY Digital Editor David Ellison, chief executive of Skydance Media, thanked employees of his company for their focus as he was engaged in a months-long bid to merge with Paramount Global. And even though that effort failed, he said that Skydance is stronger after having gone through the M&A cycle.
David Ellison Thanks Skydance Team As Paramount Merger Talks End; Sets Sights On “Building A Next Generation Content Company On Our Terms”
This just in tonight from Skydance Boss David Ellison as Paramount Global controlling shareholder Shari Redstone says “No” to Skydance’s offer to buy National Amusements. The Top Gun: Maverick and Geostorm producer has acknowledged to staff that Skydance’s bid to merge with Paramount has ended.
What’s Next For Paramount After Skydance Merger Talks Fail
When David Ellison’s Skydance made a play for Paramount last fall it was how and when (not if) Shari Redstone would tie the knot. Paramount and Skydance worked together. He valued the studio and its crown jewel of a backlot and planned to keep the company together. He was offering her a nice bundle of cash for her stake in National Amusements.
Shari Redstone, Paramount End Merger Talks With Skydance As Two Sides “Not Able To Reach Mutually Acceptable Terms”
After months of negotiations, Paramount‘s controlling shareholder Shari Redstone has broken off merger talks with David Ellison‘s Skydance.
Shari Redstone’s National Amusements Says It Has Ended Talks With Skydance About Paramount Merger
Todd Spangler NY Digital Editor After more than six months of on-again-off-again talks, Shari Redstone has ended negotiations with David Ellison‘s Skydance Media about a prospective merger with Paramount Global. Redstone is Paramount Global’s controlling shareholder through National Amusements Inc., which owns 77% of the voting shares in Paramount.
As Merger Saga Continues, Paramount Updates Pay Packages For Office Of CEO Trio & Re-Ups Chief People Officer Nancy Phillips
Paramount Global, which continues to explore its M&A options, has updated the compensation plans for the three execs in the Office of the CEO and re-upped Chief People Officer Nancy Phillips.
Paramount Grants Three Co-CEOs Change-in-Control Severance Benefits, Cash Bonuses
Todd Spangler NY Digital Editor As an M&A event looms on the horizon for Paramount Global, the three execs in the conglomerate’s “Office of the CEO” are now eligible for stepped-up severance payments in the event of a sale or merger — and the company also will award them cash bonuses for the time they serve as co-CEOs. The move comes as Shari Redstone, Paramount’s controlling shareholder, is evaluating a merger offer from David Ellison’s Skydance Media, which the Paramount Global board’s special committee has recommended.
Paramount M&A Saga Continues: Edgar Bronfman Jr., Bain Capital Mulling up to $2.5 Billion Bid for Shari Redstone’s National Amusements
Todd Spangler NY Digital Editor Shari Redstone may have yet another offer on the table to buy National Amusements Inc., the controlling shareholder of Paramount Global — the latest twist in the months-long M&A drama swirling around the troubled media conglomerate. Erstwhile media mogul Edgar Bronfman Jr. is teaming with investment firm Bain Capital to put together an offer of up to $2.5 billion for Redstone’s National Amusements, sources confirmed.
Paramount’s Shari Redstone Juggling Skydance, Other Suitors As Deal Saga Continues
Shares of Paramount Global edged lower Thursday, day three in the red, amid lingering uncertainty around Skydance’s latest offer. With bigger than anticipated sweeteners for Class B shareholders, it was approved by Par’s special board committee and sent on to controlling shareholder Shari Redstone but with no announcement forthcoming.
Paramount Global Town Hall Delayed After Skydance Offer, Co-CEOs’ Shareholder Presentation
A town hall for Paramount Global employees originally scheduled to take place Wednesday has been delayed until June 25.
Amid Skydance Offer, Paramount Global CEO Trio Trumpet 14 Billion Dollar Brands, Plans To Explore Streaming Joint Ventures
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.