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13.07.2024 / 05:01

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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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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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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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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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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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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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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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Linear TV Will Remain “A Strong Business For Decades To Come,” Paramount President-To-Be Jeff Shell Says

Jeff Shell, the former CEO of NBCUniversal who will become president at Paramount Global as part of Skydance’s pending takeover, is ultra-bullish on the future of linear TV.

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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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Top Of The Mountain: David Ellison’s Skydance Taking Over Paramount After $8 Billion Investment

David Ellison‘s Skydance Media has announced it and its backers will invest $8 billion in a takeover of Paramount Global, capping a seven-month quest.

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