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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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Renée Zellweger to Lead Series Adaptation of James Patterson, Mike Lupica Novel ’12 Months to Live’ in Development at Max

Joe Otterson TV Reporter Renée Zellweger is attached to star in a series adaptation of the novel “12 Months to Live” that is currently in development at Max, Variety has learned. The project is currently titled “Jane Smith,” named after the novel’s main character, whom Zellweger will play. The book was written by James Patterson and Mike Lupica, with Miki Johnson set to adapt it for the screen and serve as showrunner.

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Idaho Murders Doc Lands At Amazon From James Patterson & Liz Garbus; Streamer Also Developing Scripted Series

A docuseries about the murders of four University of Idaho students has been picked up by Amazon with the streamer also planning a scripted version.

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Archegos Founder Bill Hwang Found Guilty in Fraud and Racketeering Case Involving ViacomCBS Stock

William Earl Maverick investor Bill Hwang was found guilty Wednesday by a Manhattan federal jury of fraud and racketeering charges in a market manipulation case involving ViacomCBS shares and other stocks. Hwang was found guilty of 10 out 11 counts of fraud and racketeering related to his stock trading activity. In 2020 and 2021, he stealthily amassed more than 50% of outstanding common shares in the company that was then ViacomCBS — now Paramount Global (and about to be taken over by David Ellison’s Skydance Media).

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Tyler Perry Says He’s ‘100% Supportive’ of Possible BET Sale to Group Led by CEO Scott Mills

Elizabeth Taylor Tyler Perry is showing his support for the Hollywood studio marriage of David Ellison’s Skydance Media with Paramount Global. The reported $8 billion deal will see Ellison become chairman and CEO of a boosted Paramount while former NBCUniversal CEO Jeff Shell will serve as president.

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Paramount Global Co-CEOs Tell Staff “It’s Business As Usual” Until Skydance Deal Closes

Following the news tonight of Skydance Media‘s $8 billion deal to take over Paramount Global, the current co-CEO troika of Brian Robbins, George Cheeks and Chris McCarthy issued a statement to staff that “until the transaction closes, it’s business as usual.” The transaction isn’t expected to close until the first half of 2025 due to regulatory approvals.

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Can He Save Paramount? Hollywood Takes a Hard Look at David Ellison’s Mogul Ambitions

Matt Donnelly Senior Film Writer Let’s talk about the David of it all. The new chairman and CEO of the soon-to-be-combined Skydance and Paramount Global — Hollywood producer and Oracle heir David Ellison — has had quite the week, and it’s only Wednesday. Show business, Wall Street and media watchers have digested the news that Ellison finally brokered a deal for the Redstone family empire.

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Barry Diller’s IAC Mulling Bid to Gain Control of Paramount Global: Report

Todd Spangler NY Digital Editor Is Barry Diller looking to charge back into Hollywood? IAC, the internet media and publishing conglomerate led by Diller, is “exploring” a bid to acquire Shari Redstone’s National Amusements Inc., the company that owns a controlling stake in Paramount Global, the New York Times reported Monday, citing anonymous sources. IAC has signed nondisclosure agreements with National Amusements Inc. to perform due diligence on a deal, per the Times report.

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Hollywood Reacts To Skydance-Paramount Deal: Dean Devlin Says David Ellison “No Bean Counter … A Creative First”; Theater Owners Boss “Encouraged”

For some in Hollywood, there’s a sigh of relief in Skydance’s $8 billion takeover of Paramount: A legacy motion picture studio and entertainment conglom will largely remain standing. This versus if Sony had actually won Paramount, in which case we’d be looking at a potential reduction in theatrical releases, a maneuver that would greatly impact both the greater production and exhibition ecosystem.

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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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Aldis Hodge-Led Series ‘Cross’ Sets Season 1 Premiere At Prime Video

Prime Video has set the premiere for the Aldis Hodge-led and produced crime thriller series Cross for November 14.

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Skydance Deal Will Help Paramount “Double Down On Core Competency” And Embrace Technology, David Ellison Tells Investors

Skydance Media chief David Ellison said an $8 billion investment by the company and its backers will enable Paramount Global to “double down on its core competency” and embrace technology.

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Sony’s Out: Won’t Return To Mix During Paramount’s 45-Day “Go Shop” Window

EXCLUSIVE: Sony will not be one of those rival parties trying to shore up a better bid during Paramount Global’s “Go Shop” period following the $8 billion offer by the David Ellison’s Skydance Media. This is according to sources tonight.

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Sun Valley Sees Moguls & Governors Mingle, With Strategy, Succession & Politics In Play

July in full swing sees top media executives and an impressive political cohort gathered at a storied mountain resort to hike, chat and whitewater raft. The elixir of relaxed proximity distilled in Sun Valley’s rustic woods is credited with hatching a number of consequential deals over the decades.

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Shari Redstone Tells Staff That Skydance Has “Resources To Build On Paramount Global’s Competitive Advantages”

Paramount Global controlling shareholder Shari Redstone, along with the conglom’s co-CEO troika, waved poms poms tonight to staff about the upside to Skydance’s $8 billion takeover of the storied studio, CBS network and Viacom cable networks.

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Skydance Targets $2 Billion-Plus in Cuts After Paramount Merger

Brian Steinberg Senior TV Editor To help Paramount Global to grow, its new owner needs to make cuts. Skydance executives who are set to take over the owner of CBS, Nickelodeon and MTV have identified at least $2 billion in cost cuts that can be made at the company, much of it from its linear media operations, according to Jeff Shell, who is slated to be named president of the new entity.

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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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Ingrid Ciprian-Matthews To Step Down As President Of CBS News

Ingrid Ciprian-Matthews said that she was exiting CBS News, having served as president of the division for less than a year.

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Paramount Investor Mario Gabelli ‘Very Impressed’ With Skydance Deal Presentation but Isn’t Sure Buyout Price of Voting Shares Is ‘Fair’

Todd Spangler NY Digital Editor Billionaire investor and money manager Mario Gabelli likes what David Ellison and the Skydance Media team said about their rationale for merging the media and production company with Paramount Global. But at this point, he doesn’t know whether the buyout price Skydance is offering Paramount’s Class A voting shareholders is fair — and he indicated his firm is keeping legal options open if it determines the deal isn’t equitable. Gabelli is the founder, chairman and CEO of GAMCO Investors, which represents clients who own about 12.5% of the Class A voting shares of Paramount Global.

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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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