When Skydance Media and Paramount International executives outlined their plans for the merged firm to buyers on July 8, they confirmed a sequence of slides. Considered one of them highlighted Skydance’s story and was entitled “Animation, Sports activities and Video games Divisions Drive Development.” The truth is, these are three key areas that administration additionally … Read more
Archegos Capital Administration founder Sung Kook “Invoice” Hwang has been convicted of fraud associated to the 2021 collapse of his personal fairness agency that was behind a large market manipulation scheme that inflated its portfolio by greater than $34 billion in a single yr. After an eight-week trial, a New York federal jury on Wednesday … Read more
The incoming house owners of Paramount World laid out their imaginative and prescient for the corporate — and why the deal is an efficient one for traders — in a name with Wall Road analysts early Monday morning. Skydance CEO David Ellison, former NBCUniversal CEO Jeff Shell (who could be Paramount’s president when the deal … Read more
In a landmark deal that may shake up the leisure panorama, Shari Redstone has agreed to promote management of Paramount World to a consortium led by Skydance, the manufacturing firm led by David Ellison, and Gerry Cardinale’s RedBird Capital. The sale, assuming it’s authorized by regulators and accomplished (and assuming a greater bid doesn’t emerge), … Read more
A consortium led by David Ellison’s Skydance is nearing the end line on its new deal to amass Paramount World. In line with sources, Paramount’s particular committee has signed off on the refreshed deal from Skydance, RedBird Capital and different traders. A month in the past, after all, Skydance was near sealing the deal, however … Read more
The M&A “noise” surrounding Paramount World following the top to gross sales talks with David Ellison’s Skydance Media gained’t dissipate any time quickly, however the firm should deal with revenue declines and give attention to a plan that may arrange the leisure large for achievement. Additionally: Bankers have been employed to dump unspecified belongings with … Read more
When Yellowstone aired its midseason finale again in January 2023, the longer term was trying ominous for the Dutton household on the fifth season of the Paramount Community mega-hit collection. For a refresher, Jamie Dutton (Wes Bentley) had simply thrown down the gauntlet in opposition to his sister Beth Dutton (Kelly Reilly) and father John … Read more
Common chairman Donna Langley oversaw a document 12 months for the studio final 12 months, ending No. 1 on the field workplace and shutting out awards season with seven Oscars together with finest image for Christopher Nolan’s billion greenback grosser Oppenheimer. Even with that stage of success, Langley prefers to have “wholesome rivals” round her … Read more
No matter destiny befalls Paramount World after the smoke clears, one of many Hollywood Trivial Pursuit questions sometime will probably be which heavy hitters have issued statements of assist for Skydance’s proposed acquisition of Paramount’s holding firm, Nationwide Amusements Inc. — and which didn’t. Even because the Paramount particular committee handed on the provide from … Read more
Though unique talks between Paramount World and Skydance Media are anticipated to finish and not using a deal, questions linger about controlling shareholder Shari Redstone’s obligation to minority traders, a few of whom have vocally opposed the merger on grounds that their pursuits have taken a backseat in negotiations. A Paramount investor, in a grievance … Read more