We have a deal, say Paramount and Skydance, and this time it will stick. Shari Redstone got a slightly sweeter price and proved she was no pushover, just in case anyone thought she was. That’s the trouble with being the 2.0 in a dynasty, everyone, and I mean everyone, assumes you only get to run […]
Skydance Media and Paramount Global have entered into a definitive agreement to form ‘New Paramount’ – a next-generation media and technology leader, through a two-step transaction including the acquisition of National Amusements Inc (NAI), which holds the controlling share stake in Paramount, and subsequently a merger of Skydance and Paramount Global. The transaction combines the […]
Paramount has resumed merger talks with Skydance Media just weeks after an earlier deal fell apart at the last hurdle. The renewed bid from Skydance included a higher offer of $177 billion (€162bn) to get the deal done. Shari Redstone, who controls Paramount, abruptly ended negotiations in the first go-around in mid-June. David Ellison, the […]
Media legend Barry Diller is exploring a bid for Paramount according to NYT reporting. Diller’s digital-media group, IAC, has reportedly signed NDAs with National Amusements, Paramount’s controlling shareholder. The Diller move is the latest in the long Paramount sale/no sale saga. Paramount reached the brink of a deal with Skydance before it abruptly fell apart […]
Precise TV, the contextual video company driving business outcomes for brands, has released its latest Precise Advertiser Report: Kids (PARK). With the help of research agency Giraffe Insights, the report looks at US media consumption habits, buying journey behaviours and purchase decisions of parents and kids aged two to 12 years old (Generation Alpha). Major […]
Mega Movie Weekend returns for June, running from June 21st to 23rd, featuring recent big-screen hits and a number of classics at promotional prices to help audiences build their digital libraries. The campaign runs across key retailers, including Amazon Prime Video, Sky Store, the Apple TV app, Rakuten TV, Virgin Media and EE TV Store, […]
Shari Redstone has called an end to talks with David Ellison’s Skydance Media, ending the potential sale of a controlling stake in Paramount Global after some six months of negotiations. The move by Redstone, Paramount’s largest shareholder, came just as it seemed a deal was close. A special committee of Paramount’s board had been scheduled […]
The Italian market for VoD splatforms added 400,000 subscribers in 2023, reaching 8.8 million. While subscriber growth continues, the pace has decelerated compared to previous years (+800,000 in 2021 and +500,000 in 2022), according to research by EY’s OTT Observatory, presented at the European Digital Fed-Forum in Lucca. Silvestro Demarinis, director of Technology, Media & […]
yes Studios has announce its new drama series, technological thriller Wonder, is now in production. Set in the near future, Wonder is focused around Noya, a 17-year-old girl killed in a car crash, and the story of how her father Avner, a retired combat officer, and Daria, Noya’s best friend and a social media personality, […]
Paramount independent shareholders are recommending the enhanced acquisition offer from Skydance Media, meaning the decision will now come down to controlling shareholder Shari Redstone. Redstone has been negotiating with Skydance, the production group founded by Oracle billionaire David Ellison, meanwhile the company has received competing interest from Apollo private equity and Sony. Skydance, whose backers […]