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15.10.2024 / 19:31

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Paramount Will Allow Its 3 Co-CEOs to Resign and Receive Severance If They Are Demoted

Todd Spangler NY Digital Editor With Paramount Global poised to be taken over by Skydance Media in 2025, the three execs running Paramount as co-CEOs — George Cheeks, Chris McCarthy and Brian Robbins — now have an additional provision in their employment agreements that will let them quit and receive severance benefits if they are demoted from their co-CEO roles. If any of the three are assigned “duties or responsibilities substantially inconsistent” with their position or duties as co-CEOs, or they have “a material reduction in such position or duties,” the executives are entitled to resign for “good reason” and to receive corresponding severance payments, the media company disclosed in an SEC filing Tuesday.

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Skydance Tells FCC Paramount Deal Will Boost CBS And Local Stations; Larry Ellison Will Control Company After Merger

Skydance and Paramount Global highlighted the impact that their proposed merger will have on CBS and local stations in a filing with the FCC that is part of initial steps to secure regulatory approval.

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Edgar Bronfman Jr. Preparing Bid For Paramount Global – Report

As the August 21 deadline looms for other parties to make a run at Paramount (or forever hold their peace), the Wall Street Journal reports that Edgar Bronfman Jr. has not exited the Paramount scene but is in talks with investors and preparing a bid.

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New Paramount Bidder Apex Capital Trust Enters Fray With All-Cash Offer

With three weeks remaining in the “go-shop” period of Paramount Global‘s proposed merger with Skydance, it has emerged that a new suitor has joined the fray.

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Edgar Bronfman Jr. Still Mulling Bid For Paramount Control During Skydance “Go-Shop” Period

Veteran media exec Edgar Bronfman Jr. is continuing to explore a bid for National Amusements Inc., Paramount Global‘s controlling shareholder.

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Can Skydance Move the Mountain? Team Ellison Needs a Bold Plan to Revive Paramount’s Fortunes

David Ellison started his pursuit of Paramount Global last winter — 30 years nearly to the month after Sumner Redstone and Barry Diller began their long M&A fight for control of one of Hollywood’s foundational studios. A generation later, Ellison’s Skydance Media and Gerry Cardinale’s RedBird Capital are poised to add a new chapter to the history of Paramount, CBS and more, after an equally protracted and hard-fought negotiations with Shari Redstone’s National Amusements Inc.

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UFC & WWE Parent TKO Group Invests In EverPass Media, A Distributor Of NFL Sunday Ticket And Other Sports Properties To Commercial Businesses

UFC and WWE parent TKO Group Holdings has made an investment in EverPass Media, a distributor of live sports and entertainment programming to commercial businesses.

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Skydance Media and Paramount Global Move Closer to Sale Agreement But Deal is Far From Done

Cynthia Littleton Business Editor David Ellison’s Skydance Media is moving closer to its goal of acquiring Paramount Global after a key vote was taken by Paramount board members. But a formal takeover deal between Skydance and Paramount is still far from in the bag. Bloomberg News reported Sunday that the special committee of Paramount Global’s board of directors tasked with reviewing M&A options has agreed to revised terms for a merger with Skydance.

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Skydance Chief David Ellison Says Paramount Must “Not Be Paralyzed” During Long Run-Up To Merger Close; Asset Sales Can Continue In Interim

In the wake of Skydance Media‘s landmark merger agreement with Paramount Global, Skydance CEO David Ellison acknowledged the need for patience during the road ahead before the deal is expected to close.

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Paramount Global Deal With Skydance ‘May Not Be Sufficient to Stabilize the Credit Profile,’ Moody’s Says

Todd Spangler NY Digital Editor Skydance Media this week clinched a deal to merge with Paramount Global, and execs outlined a plan to cut costs and boost the combined company’s profitability in the years ahead. But the turnaround plan might not be enough to save Paramount Global from seeing its debt rating cut to junk status by credit-rating agency Moody’s.

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Skydance Media and National Amusements Inc. Reach New Merger Agreement for Paramount Global

Cynthia Littleton Business Editor In a holiday week shocker, Skydance Media and Shari Redstone’s National Amusements Inc. have quietly renewed acquisition talks and have reached a tentative agreement to acquire Paramount Global. That deal will now be reviewed by Paramount Global’s special committee of its board of directors that has steered the media giant through its roller-coaster ride of M&A activity and speculation since late last year.

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International Insider: Paramount-Skydance; French Political Impasse; Well Hello Dolly!

Good afternoon Insiders, glad you could be with us again because there are news pieces and deep dives to be read. Max Goldbart here. Scroll down for your weekly dose. And sign up here.

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Paramount-Skydance Deal: Top Execs On Wooing Talent, Boosting Streaming And The Mantra That Persuaded Shari Redstone: “Don’t Take It Private, Break It Up And Kill It”

As news of Skydance Media‘s merger with Paramount Global sank in across the media business, top execs from Skydance and chief backer RedBird Capital lifted the veil on negotiations, streaming plans, their regulatory outlook, Larry Ellison’s role and a host of other topics.

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Skydance On Cost Cuts, Streaming Partnerships & Big Breakup Fee If Another Buyer “Comes Out Of The Woodwork” For Paramount

Skydance’s David Ellison, Jeff Shell, and RedBird Capital looked to woo Wall Street to their planned merger with Paramount highlighting $2 billion in running cost synergies and streaming break-even in a few years, or sooner if a partner emerges. The possibility of a tech partnership came up consistently on a webcast with Wall Street analysts today, as well as international streaming agreements in the works under Par’s current CEO trio — but no details on either.

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The Skydance Vision for a New Paramount: Cash Injection, ‘Stability’ for Creatives and Tech Savvy

Matt Donnelly Senior Film Writer Now that Shari Redstone has signed on the dotted line to sell her father’s media empire to Skydance and RedBird Capital, what future awaits? The vision for a combined Skydance – tech scion David Ellison’s production entity behind franchises like “Mission: Impossible” – and Paramount Global has been reported in dribs and drabs over months of a dramatic deal (which only weeks ago was formally off). An official announcement late on Sunday sheds light on what Paramount’s new owners have in store.

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