Skydance – Paramount: International Channels & Streaming Services In The Spotlight As Overseas Analysts Chew Over Potential Ramifications Of Deal
deadline.com“Global” is in the name above the door and industry-watchers are weighing the international ramifications of Skydance’s $8BN merger investment in Paramount.
Paramount Global top brass has said it is business as usual until the deal is over the line, but international analysts are already considering what happens next given the company’s major free-TV operations in the Argentina, Australia, Chile and the UK, cable nets around the world, FAST service Pluto TV, and local iterations of Paramount+.
That’s not to mention SkyShowtime, a joint-venture streamer operated with Comcast, and a long-established program sales business that shops the likes of the NCIS and CSI franchises around the world.
Takeovers naturally give staffers cause for concern. The presentation accompanying the post-announcement conference call detailed $2BN+ of “cost efficiencies.” Skydance does not, however, have anywhere near the international footprint or headcount of Paramount, meaning there isn’t the scope for eliminating duplicate roles in offices around the world, seen when the likes of Warner Bros.
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