As Paramount Takes The CinemaCon Stage, Skydance Waits To Make Its Entrance
deadline.comOptimism bloomed in the media business after Donald Trump was elected last November. Executives trumpeted a more M&A-friendly era, with the “pace of change” for dealmaking starting to quicken.
Paramount Global and Skydance Media were seen as beneficiaries of the turnover of administrations. The two companies had announced an $8 billion deal to merge last July, projecting the deal would close during the first half of 2025.
In light of the election outcome, Bloomberg hastened to report last December, Skydance CEO David Ellison and his management team had begun “preparing to take over Paramount even sooner than they once thought,” expecting a resolution by late-March or early-April.
Momentum has since moved in the other direction, in large part because of Trump’s jeremiad against traditional media companies and also the actions of his faithful appointee as FCC chair, Brendan Carr.
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