[ Warren Buffett says he has sold all of his shares in Paramount Global at a significant loss. Speaking at the annual meeting of Berkshire Hathaway, his company, today in Omaha, NE, the billionaire investor took full ownership of the bad call. Despite speculation to the contrary, he said, “It was 100% my decision” to … Read more
[ France’s Mediawan has acquired Germany’s Leonine Studios. The deal, financial terms of which were not revealed, has been bubbling since November last year. Call My Agent maker Mediawan has owned a 25% stake in the business since 2020. The all-stock deal will see the two companies move even closer together and forms a major … Read more
[ The Onion has been sold, again. G/O Media has the humor brand to four anonymous investors calling themselves “Global Tetrahedron,” name after one of the site’s own gags. G/O chief Jim Spanfeller confirmed the news to staffers Thursday in a memo. The acquiring company “is made up of four digital media veterans with a … Read more
[ 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. The beleaguered stock ended the day at $12.44 after registering more than twice its normal trading volume. Shares reached their highest point since February, offering fresh evidence that … Read more
[ Remember those rumors, oh, eight years ago about how Sony was a target for acquisition? No more. Still, don’t say merger yet. Deadline has confirmed that Sony Picture Entertainment CEO Tony Vinciquerra has been in talks with Apollo Global Management about making a go for Paramount. This despite Skydance/Redbird Capital being in exclusive talks … Read more
[ Paramount Global‘s beleaguered stock faltered Monday as investors fretted over the ongoing talks between controlling shareholder National Amusements Inc. and Skydance Media. As the moon blocked out the sun across a swath of the U.S. in a total eclipse, the stock behaved accordingly, falling almost 8% on heavier-than-average trading volume to finish at $11.06. … Read more
[ Could Scottish soccer be the next to benefit from Hollywood investment? In a situation reminiscent of Ryan Reynolds and Rob McEIhenney’s takeover of Welsh soccer side Wrexham, former Netflix international originals chief Erik Barmack looks set to acquire a stake in Motherwell FC. A report in the Scottish Daily Mail has named Barmack as … Read more
[ Gerald Levin, known to many as Jerry, wasn’t flamboyant. He wasn’t characterized, as were many of his media business contemporaries, by extravagant hobbies, odd peccadillos, inspiring speeches or a spicy personal life. He could be testy, but he didn’t engage in public brawls beloved by – and between – Ted Turner and Rupert Murdoch. … Read more
[ Paramount Global could be set for change in the tough Indian media market. A Bloomberg report, citing unnamed sources, claims the MTV and Comedy Central owner is in talks with Reliance Industries to sell its stake in their channels and streaming venture, Viacom18. This would allow Mukesh Ambani, India’s richest man, to consolidate his … Read more
[ France’s Canal+ has upped a buyout offer for African TV and streaming giant MultiChoice to around $1.77B. Vivendi-owned Canal+ is already MultiChoice’s biggest single shareholder, and last month had an earlier offer rejected on grounds it significantly undervalued the African company. The new mandatory offer stands at around 125 South African rand per share … Read more
