CEOs: Last News

said in a statement.“We sincerely thank Richard for his pivotal role in steering our organization toward this important evolution.”In his own statement, Miller said that his replacement is “the logical next step” for the charity, adding that “the time is right for this shift to local leadership.”“Carmel is an incredible asset to position Sentebale further as a leader in the region,” Miller added.Miller’s departure comes just one month after Andrew Tucker stepped down from his senior position at Sentebale after almost a decade.That same month, Baroness Lynda Chalker quit as a director after 18 years at the organization.Last year, the charity underwent a major change after advertising guru Johnny Hornby quit last year.

EXCLUSIVE: Australia‘s Goalpost Pictures had laid out a new formation in its management ranks.

In a wide-ranging discussion Wednesday about the unsettled state of journalism, two media CEOs weighed in on covering Donald Trump and the decision by the Washington Post and LA Times to not endorse a presidential candidate.

Jennifer Maas TV Business Writer (Editor’s note: Variety’s interview with Sony Interactive Entertainment CEOs Hermen Hulst and Hideaki Nishino occurred on Oct. 16, prior to PlayStation’s Tuesday announcement it is shutting down Firewalk Studios and Neon Koi. SIE was unable to make studio business CEO Hulst available for additional comment or to clarify his previous comments about layoffs in this story ahead of publication.) This spring, Sony CEO Kenichiro Yoshida turned heads when he picked two PlayStation vets to lead Sony Interactive Entertainment: Hermen Hulst and Hideaki Nishino.

Paramount Global’s board has approved new grants of restricted stock valued at $3 million for each of its co-CEOs, Chris McCarthy, George Cheeks and Brian Robbins.

Todd Spangler NY Digital Editor With Paramount Global poised to be taken over by Skydance Media in 2025, the three execs running Paramount as co-CEOs — George Cheeks, Chris McCarthy and Brian Robbins — now have an additional provision in their employment agreements that will let them quit and receive severance benefits if they are demoted from their co-CEO roles. If any of the three are assigned “duties or responsibilities substantially inconsistent” with their position or duties as co-CEOs, or they have “a material reduction in such position or duties,” the executives are entitled to resign for “good reason” and to receive corresponding severance payments, the media company disclosed in an SEC filing Tuesday.

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.

Todd Spangler NY Digital Editor After months of talks, Paramount Global and Skydance Media officially announced a deal to merge Sunday night. Shari Redstone, non-executive chair of Paramount Global and its controlling shareholder through National Amusements Inc., addressed the pact in a memo to employees, as did the trio of co-CEOs currently leading the company: George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon.

After rejecting Skydance’s offer to merge two weeks ago, Paramount Global new co-CEO troika of Brian Robbins, George Cheeks and Chris McCarthy told a packed company town hall of 500 at the studio’s Melrose Lot Paramount Theater what progress has been made since the annual shareholders meeting three weeks ago, and what the company’s path will be going forward. In sum, bankers have been hired to explore the sale of “certain Paramount owned assets” per Cheeks, while layoffs are on the horizon as the conglom looks to achieve a half billion in cost savings.

Todd Spangler NY Digital Editor Paramount Global‘s trio of co-CEOs provided an update Tuesday at a town hall for the company’s more than 20,000 employees on where things stand with their plan to cut costs, boost revenue and pare down debt after a potential merger with Skydance was called off. The three execs — George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon — were installed as co-CEOs after Bob Bakish’s dismissal in late April.

Paramount co-CEOs George Cheeks, Brian Robbins and Chris McCarthy thanked staff in a memo today, obtained by Deadline, for a few tough months rocked by Skydance merger speculation. With that deal a no go, they said, they have plan, one mostly laid out at last week’s annual shareholders meeting, to take the company into the future.

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.

“We need more female CEOs.”

Katcy Stephan Sony Group Corporation and Sony Interactive Entertainment (SIE), the company behind PlayStation, have announced their new leadership structure following the departure of CEO Jim Ryan. Effective June 1, 2024, Hideaki Nishino will be appointed CEO of SIE’s Platform Business Group, and Hermen Hulst will be appointed CEO of SIE’s Studio Business Group. Hiroki Totoki, who has been serving as interim CEO of SIE, will serve as Chairman of SIE in addition to his role as president, COO and CFO of Sony Group Corporation.

Just about any CEO panel these days will inevitably reach the topic of artificial intelligence, and today’s NewFront sit down with the leaders of five major news organizations was no exception.

Comcast said chairman and chief executive Brian Roberts‘ pay package for 2023 totaled $35.47 million, up from $32 million the year before. It included a $2.5 million base salary, stock awards valued at about $15 million, $9.2 million in option awards and $8.55 million in what’s called non-equity incentive plan compensation – like a cash bonus.

Two top Congressman want Bob Iger, David Zaslav and Lachlan Murdoch to provide some solid answers about Disney, Warner Bros Discovery and Fox’s proposed sports streaming service.

They’re baaack. We retired Strike Talk, the Deadline podcast by Billy Ray and Todd Garner Deadline hatched to lend perspective and serve as a beacon of hope to the industry during the WGA and SAG-AFTRA strikes. We’ve put the band back together because a potential standoff between the signatories and the negotiators for the Teamster and IATSE guilds looms just up the road when their contracts expire July 31. Are the signatories going to repeat last year’s failed strategy of keeping the CEOs out of the room until too late to stop another disastrous Hollywood shut down? Ray and Garner pose that question to Lindsay Dougherty, who’s leading the negotiation for the Teamsters, and who here reveals she has not had even a passing chat with any of the CEOs that finally solved the last round of labor strife. Dougherty figured into the last strike when she pledged the commitment of Teamsters to stand in solidarity with the striking guilds, which put pressure on the AMPTP to get serious. Here, she discusses the production downturn that followed the return to production, the resolve that these guilds have to get a proper deal and her hope that the signatories don’t once again “trip over dollars to save pennies.” Buckle up.

RAYE has hit out at industry executives for underpaying songwriters while taking huge profits for themselves.The British artist – who took home a record-breaking six BRIT awards this month – said that songwriters are left “fighting over scraps of publishing”.Speaking in an interview with the Daily Star‘s ‘Wired’ column (per MusicNews), the ‘Escapism’ singer said: “For an industry that profits off songs, you got these CEOs and big label execs living in their fat huge Chelsea mansions, living a beautiful life, meanwhile songwriters you are profiting off are broke, can’t afford rent and fighting over scraps of publishing that is sat in bank accounts for two years before they receive a penny, because publishers have kept it in there so they can collect interest and make a whole separate business.”The artist also broke down the payment model for artists and songwriters, explaining: “Every single song that’s released in the world, there are 100 royalty points.“The label will take, say, 80 points. The artist, in a good deal, will take maybe 20, 15, or maybe 12 and then producers get four points, but it has to come out of the artist’s points.“And the songwriter doesn’t even get one point.

C-SPAN co-CEOs Rob Kennedy and Susan Swain, who have been at the helm of the nonprofit cable network since 2012, will be leaving later this year.

Sonia Rovai and Annamaria Morelli have been named as the new bosses of Wildside and The Apartment, respectively.