CEO: Last News

Paramount Global, which continues to explore its M&A options, has updated the compensation plans for the three execs in the Office of the CEO and re-upped Chief People Officer Nancy Phillips.

Todd Spangler NY Digital Editor As an M&A event looms on the horizon for Paramount Global, the three execs in the conglomerate’s “Office of the CEO” are now eligible for stepped-up severance payments in the event of a sale or merger — and the company also will award them cash bonuses for the time they serve as co-CEOs. The move comes as Shari Redstone, Paramount’s controlling shareholder, is evaluating a merger offer from David Ellison’s Skydance Media, which the Paramount Global board’s special committee has recommended.

Michael Schneider Variety Editor at Large It’s been more than a year and a half since Rob Wade took over as CEO of Fox Entertainment. On Monday at the Banff World Media Festival, Wade made his first extensive public comments about how it’s been going so far — and elaborated on any new acquisition plans he might have for the company, the fate of some of the third party shows still on his air (including “9-1-1: Lone Star”) and the decision behind his recent corporate restructuring network, studio and distribution operations into their own divisions.

Todd Spangler NY Digital Editor Shari Redstone may have yet another offer on the table to buy National Amusements Inc., the controlling shareholder of Paramount Global — the latest twist in the months-long M&A drama swirling around the troubled media conglomerate. Erstwhile media mogul Edgar Bronfman Jr. is teaming with investment firm Bain Capital to put together an offer of up to $2.5 billion for Redstone’s National Amusements, sources confirmed.

Jamie Lang Former Moonbug managing director Andy Yeatman has been appointed CEO of the newly launched Miraculous Corp USA, a joint venture between Mediawan and the “Miraculous: Tales of Ladybug & Cat Noir” studio ZAG. Unveiled last month, Miraculous Corp was established to join all facets of the Miraculous franchise under one roof, with Mediawan taking 60% ownership and Zag the other 40%. Zag founder and Miraculous co-creator Jeremy Zag will continue as a major shareholder and board member while overseeing the development and creation of new storylines and characters within the franchise.

Wildlife SOS star Simon Cowell has died following a terminal cancer diagnosis.The 72 year old sadly passed away on Sunday, 9 June, with his daughters, partner and beloved dogs by his side. In 2022, Simon was told that he had an "aggressive" form of lung cancer, and despite doctors not being able to tell him whether he would live for "weeks or months" he valiantly fought the disease for two years until his passing.

Motherwell have agreed Head of Terms with ex-Netflix vice-president Erik Barmack and his wife Courtney, and will ballot Well Society members and club shareholders next month.

Jamie Lang Framestore Company 3 Group (FC3) has appointed Lincoln Wallen as its new group chief technology officer. FC3 is best known for color grading and has done high-profile work on upcoming animated and live-action titles, including “Deadpool & Wolverine,” “Wicked,” “Transformers: One” and “Despicable Me.” The latter two are getting special presentations at this week’s Annecy Animation Festival.

Squid Game star Lee Jung-jae has been accused of trying to take over production company RaemongRaein, best known for K-dramas Maestra and Reborn Rich.Today (June 10), Lee Jung-jae and his company Artist United were accused by Kim Dong-rae, CEO of RaemongRaein, of trying to usurp control of the production company in a press statement, per The Korea Herald and The Korea Times.Kim’s press statement comes amid a legal dispute between Artist United and RaemongRaein, with the former having filed an application with the court seeking approval to hold an extraordinary general meeting to appoint RaemongRaein’s directors.Artist United had become the largest shareholder of the publicly listed RaemongRaein this March, after having acquired 18.44 per cent of the company. Notably, Lee is the largest shareholder of Artist United witha 23.49 per cent stake, while also owning 5.12 per cent of RaemongRaein.In his press statement, Kim alleged that Artist United had “used Raemongraein’s funds to acquire a suspended entertainment company” and that the move was “contrary to our initial discussions before the investment”.“This move by [Lee and Artist United], just three months after becoming the largest shareholder, appears to be an attempt to use Raemongraein’s cash assets as a shell to acquire another company,” Kim added in his statement.Kim also mentioned Lee directly in his statement, claiming that the actor “has never visited the company or presented any vision for its management”.

Anna Marie de la Fuente The Costa Rican tale of a grandfather’s lifetime care for his family, “Agua Dulce,” Mexican eco-themed elf story “Bolla” and teen horror tale “Knightmares” are among the six projects to be pitched June 12 at the Annecy Animation Festival’s Mifa Market. These are presented by La Liga, an umbrella association jointly founded in 2018 by Argentina’s Animation! at Ventana Sur, Spain’s Quirino Awards and Mexico’s Pixelatl fest.

Jeremy Strong is opening up about chances of reviving Succession.

Brent Lang Executive Editor TodayTix Group has acquired Arthouse, a full-service digital advertising agency. Financial terms of the deal were not disclosed, but the companies said that Arthouse will operate independently. The company’s founder, Sara Fitzpatrick, will continue to oversee the business with her team.

many. “I think I have to put a stop to it,” the co-creative director of and co-founder of says somewhat jokingly. “I just get so excited when people come to me for a project.

Shares of Paramount Global edged lower Thursday, day three in the red, amid lingering uncertainty around Skydance’s latest offer. With bigger than anticipated sweeteners for Class B shareholders, it was approved by Par’s special board committee and sent on to controlling shareholder Shari Redstone but with no announcement forthcoming.

Cynthia Littleton Business Editor Paramount Global has a strong future ahead of it and so does broadcast television, despite the uncertainty that has enveloped Hollywood in general and Paramount in particular. That was the message sent Thursday by CBS chief George Cheeks, who last month was also tapped as one of three CEOs to steer Paramount Global through a period that is sure to be challenging no matter what happens with the company.

Warner Music Group (WMG) has elected Michael Ryan-Southern to the newly created position of executive vice president of corporate development. Ryan-Southern, who will assume the role starting Aug.

CAA on Thursday announced the speakers and attendees set for its seventh annual CAA Amplify Summit, the invitation-only convening of artists, thought-leaders, and executives of color from leading organizations in entertainment, sports, media, brands, and technology, and beyond.

Dave Lougee, CEO of local TV giant Tegna, said FCC Chair Jessica Rosenworcel and the Biden Administration have put “a restriction around our neck” with their enforcement of “antiquated” regulations.

Angelique Jackson CAA’s seventh annual Amplify summit, a day dedicated to convening artists, brands and leaders of color, has set its lineup of speakers and attendees, led by none other than the former First Lady of the United States, Michelle Obama. Obama, also co-founder of Higher Ground productions, will be joined on the bill by top talents like Oscar and Emmy-winning actor, producer, and director, Regina King; NBA Hall of Famer, activist and entrepreneur Dwyane Wade (who returns after sitting for a keynote conversation with his fellow NBA legend Chris Paul in 2023); and Grammy-winning artist actor and activist Ricky Martin.

Take a first peek at Sandokan, a new international adaptation of Emilio Salgari’s historic saga about the adventures of a titular pirate who, with his motley crew, fights against colonial powers in Southeast Asia. Scroll down for more.

Emiliano De Pablos Barcelona-based Grup Mediapro has promoted Marta Ezpeleta as the next head of international content factory The Mediapro Studio, where she currently serves as its international director. Ezpeleta will replace Laura Fernández Espeso, Variety‘s International Media Woman of the Year, upped to No. 2 at Grup Mediapro from January.