Skydance Still In Pole Position For Paramount As Two Hash Out Terms; Sony & Apollo Waiting In The Wings

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.

Two weeks from today, finally, the Academy Museum of Motion Pictures will open its new permanent exhibition, Hollywoodland: Jewish Founders and the Making of a Movie Capital. For many, it amounts to an act of completion. A Hollywood film museum without a special tribute to Jewish roots has felt for the last two-and-a-half years like a church without a tabernacle, a history made up of footnotes without the text.

for a black leather look while out on the town with Adan Banuelos.For one of her looks from the evening, the went for a downtown vibe in slashed leather pants, a white t-shirt, and black bomber jacket. Though Hadid was spotted in earlier in the day, she traded those in for a pair of city stomping moto boots for this particular outing.Meanwhile, her boyfriend managed to coordinate with Hadid while sticking to his roots by pairing a silky black button up with blue jeans, a Western-style belt with a large belt buckle, snakeskin boots, and topping everything off with a black cowboy hat.Bella Hadid and Adan Banuelos are seen on May 03, 2024 in New York City.The couple were all smiles as they held hands in NYC just three evenings before the biggest fashion event of the year.

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.

Justice have reflected on the “very embarrassing” moment that they serenaded Red Hot Chili Peppers frontman Anthony Kiedis with one of his own songs.The French duo – comprised of Xavier de Rosnay and Gaspard Augé – looked back at the moment during a new interview with NME for the In Conversation series, in celebration of their new album ‘Hyperdrama’.During the discussion, the pair were asked about their tour documentary Across the Universe, which they shared back in 2008. The electronic group then went on to reveal that they haven’t considered watching the film recently – particularly because of one “embarrassing” moment that caught fans’ attention.“I haven’t seen it since it was released, actually,” de Rosnay said, with his bandmate going on to confirm that he had “seen a bit here and there” since its release 15 years ago.Going on to recall which aspect of the project he keeps seeing, de Rosnay explained: “The bit [that keeps] resurfacing is where I sing ‘Under The Bridge’ to Anthony Kiedis’s face, which was very embarrassing even to do, you know what I mean?He continued, explaining how the awkward moment arose: “Because this documentary was shot in a very short amount of time, we had to have the maximum amount of footage and just, like, make things happen otherwise there would be nothing happening.

The clock is ticking down to midnight, the end of a month-long exclusive negotiating window between Paramount Global and Skydance Media. The David Ellison company has been circling Paramount for months and lobbed several offers to buy out Shari Redstone‘s controlling stake, backed by Oracle co-founder Larry Ellison and Gerry Cardinale’s RedBird Capital.

Partners Sony and Apollo have formally reached out to Paramount‘s special board committee asking to discuss a potential $26 billion offer, Deadline has learned. It comes as Par’s exclusive negotiating window with David Ellison‘s Skydance is set to expire.

The Fall Guy hasn’t even been officially released yet and it’s already facing criticism.

Paramount Global, which is in the midst of corporate upheaval on a number of fronts, got a slight reprieve in one key area, extending carriage negotiations with Charter Communications.

Brian Steinberg Senior TV Editor The recent broadcast of Super Bowl LVIII boosted Paramount Global‘s first quarter of 2024, stabilizing advertising revenue at its TV operations, as the company’s streaming operations added more than 3 million subscribers and cut losses there by more than 40%. Overall, Paramount narrowed its first quarter operating losses while seeing a 6% uptick in revenue, due in large part to audience and advertiser interest in its Big Game presentation, which set a new viewing record.

EXCLUSIVE: Noomi Rapace is set to star in psychological thriller Reckoner, written and directed by Nissar Modi (writer of feature Z For Zachariah) who will be making his movie directorial debut.

David Ellison’s Skydance has presented Paramount Global board’s special committee with a revised offer to take control of the company, Deadline has learned. Terms weren’t immediately available, story will be updated when they are. The new proposal is likely designed to make a deal more palatable to Paramount investors beyond controlling shareholder Shari Redstone, something that her family holding company NAI had requested.

Confusion and anxiety reigned at a CBS-Politico joint party today ahead of the annual White House Correspondents’ Dinner, with staffers shocked at news that Bob Bakish, CEO of parent Paramount Global, is set to exit abruptly as early as Monday morning.

Cynthia Littleton Business Editor Amid the M&A drama enveloping Paramount Global, Bob Bakish is about to step down as CEO after eight years at the helm of Shari Redstone’s media empire. Bakish is expected to resign under pressure as early as Monday.

Michael Nordine If you’ve been wondering when a heist movie would wed traditional bank-robbing sequences with the current fixation on cryptocurrency, “Cash Out” is here to answer that question. And yet little about this John Travolta vehicle feels new or even timely, as the would-be thriller directed by Ives trades exclusively in shopworn tropes that by now are de rigueur for the genre.

Cold and frosty mornings after freezing overnight temperatures are forecast in parts of the UK this week, with conditions set to plunge to as low as -3C.

Rudie Obias editor If you purchase an independently reviewed product or service through a link on our website, Variety may receive an affiliate commission. After premiering in Feb. 2015, “The Jinx: The Life and Deaths of Robert Durst” has been an odd pop culture phenomenon.

Paramount Global shares jumped 13% Friday as investors cheered news that Sony Pictures Entertainment is talking with Apollo Global Management about joining Apollo’s bid for Paramount.

Cynthia Littleton Business Editor Sony Pictures Entertainment and Apollo Global Management are considering a possible joint bid for Paramount Global. News of the discussions was first reported by the New York Times. Sources close to the situation confirmed the conversations but cautioned that there are numerous obstacles that would need to be overcome before the sides could formally submit an offer.

Remember those rumors, oh, eight years ago about how Sony was a target for acquisition?