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19.06.2024 / 20:27

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Is The Mission Possible For Paramount’s Crowded Corner Office? CEO Troika Settles In As Layoffs And Asset Sales Loom

Paramount Global‘s unorthodox Office of the CEO, which started as a presumed placeholder, is turning into a longer-term fixture poised to once again reshape the tempest-tossed company.

Bob Bakish George Cheeks Chris Maccarthy Shari Redstone Brian Robbins Entertainment information CBS CEO Provident COST Markets

Paramount Global’s Tumultuous Timeline: Tracking 35 Years of Corporate Intrigue and Drama

Paramount Global and its predecessor companies have gone through several tumultuous decades. Here’s a timeline of key events that led up to the company’s most recent M&A drama, in this week’s cover story: What Went Wrong: Inside Paramount’s Failed Merger Talks and the Battle to Salvage the Company. MARCH 4, 1987: Sumner Redstone’s National Amusements Inc.

Bob Bakish Shari Redstone Leslie Moonves Sumner Redstone track exclusive ViacomCBS CBS CEO UPS Тикеры

What Went Wrong: Inside Paramount’s Failed Merger Talks and the Battle to Salvage the Company

Shari Redstone, it was nothing personal. But the longer the negotiations went on, the more Redstone fell out of love with the idea of marrying her family’s legacy to David Ellison’s Skydance Media. So on June 11, as board members of Paramount Global were about to hold a key meeting on the long-gestating deal to merge with Skydance, Redstone was out — even as those around her were still scrambling to get it done.

David Ellison Bob Bakish Shari Redstone CBS wellness CEO Rights Strategy UPS Markets

‘The Sims’ competitor ‘Life By You’ cancelled and developer shut down

Life By You, its The Sims competitor, had been cancelled, and following that news, the internal devlopment team, Paradox Tectonic, has been shuttered.The news of the game’s cancellation came as a shock to many. It had been delayed several times, including an indefinite delay anounced back in May, but outright cancelling a project that seemed to be so close to the finish line is drastic.In a statement delivered via the company’s Paradox Forum, deputy CEO Mattias Lilja wrote that the decision to cancel the game was made due to “a clear failure on Paradox’s part to meet both our own and the community’s expectations.” The game was ambitious and promised a fully simulated town with no loading screens.The game was due to launch in early access, sopmething that gives developers time to iron out kinks, take more time to create feaatures, and get lots of free community testing and feedback.

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Paramount Global’s Top Lawyer Is Stepping Down

Todd Spangler NY Digital Editor Christa D’Alimonte, Paramount Global‘s EVP, general counsel and secretary, is exiting at the end of the month after 12 years at the company and its predecessor Viacom. D’Alimonte on Tuesday informed her team that she will be leaving the company on June 28 (read the memo below).

George Cheeks Chris Maccarthy Shari Redstone Brian Robbins Todd Spangler Ny information Digital CEO Provident Strategy COST Markets

Hollywood’s Checkered History With DC Hires — A Cautionary Tale For WBD’s Bet On Robert Gibbs

David Zaslav can now boast of having a former Press Secretary to the President of the United States among his corporate inner circle. However, even with trophy of Robert Gibbs on his shelf now, the Warner Bros Discovery CEO may do well to remember the transition from DC to Hollywood has proved full of pitfalls over the years.

Barack Obama Bill Clinton Gavin Newsom David Zaslav Aaron Sorkin Warner Bros Robert Gibbs Geoff Morrell USA Entertainment Hollywood information google CEO Provident Enterprise

Shanghai: Wanda Film Strikes Huge Cinema Renewal Deal With Imax

Patrick Frater Asia Bureau Chief Wanda Film, China’s largest cinema operator, has expanded its business relationship with Imax Corp. in a huge deal that straddles technology and content. With 381 Imax installations, Wanda alone operates more Imax venues than most countries.