[ Jeffrey Katzenberg is a man known for choosing his words very carefully most of the time, and tonight the WndrCo boss was pretty candid when it came to Donald Trump and Joe Biden. “I’ve known Donald Trump for 50 years,” Katzenberg told a well-heeled West Hollywood crowd on Sunday of first meeting the former … Read more
[ Another big Hollywood name is rooting for a Paramount-Skydance deal as Jeffrey Katzenberg says that outcome would be “a great win for Paramount and for people in the industry.” Speaking a the Axios BFD Talks: LA this evening, the DreamWorks co-founder and former Walt Disney Studios head acknowledged that the situation is complicated. “There’s … Read more
[ Paramount Global says Chris McCarthy is the company’s “interim principal executive officer,” a necessity required by the SEC that apparently does not signal he has more decision-making power among a trio of top executives who stepped up to replace Bob Bakish this week in a new Office of the CEO. Security & Exchange Commission … Read more
[ 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. The … Read more
[ 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, … Read more
[ Skydance and Paramount are deep into hashing out a complicated deal that would see the David Ellison’s studio and its backers take control of the storied film and television company owned by Shari Redstone. The exclusive month-long negotiating period through May 3 is likely to be extended perhaps by a few weeks, Deadline hears, … 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
[ What do you do when your conglom might be a target for a takeover. Don’t sweat it and laugh. As Skydance remains in talks with Paramount Global’s majority shareholder National Amusements to take control of the studio Paramount Pictures CEO Brian Robbins made light of sales talks before exhibitors at CinemaCon in Las Vegas … Read more
[ Skydance Sports, the media company’s JV with the NFL, has made some key appointments to its creative and production leadership across film and television, hiring Nancy Cotton and Sandino Moya-Smith as, respectively, EVP, Television, and SVP, Feature Film. Both were previously at Amazon MGM. Danette Trosclair was promoted to EVP, Production, moving from Skydance … 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
