Future of Paramount+ among merger talks

[James Cole]

Wall Street Journal article on why Bob Bakish might be removed.

Meanwhile the axe has come for other Paramount franchises, including the cancelation of the CSI: VEGAS and NCIS: HAWAII.

 

[fireproof78]

Unsuccessful as well, I see.

 

[The Wormhole]

Meanwhile the axe has come for other Paramount franchises, including the cancelation of the CSI: VEGAS and NCIS: HAWAII.

While the loss of NCIS Hawai'i is unfortunate, that franchise is not in any real danger, given they have two new spinoffs coming, NCIS Origins premiering this fall on CBS and NCIS Europe* due to begin filming this summer and premiering on Paramount+ sometime in 2025. That's in addition to new seasons of OG NCIS and NCIS Sydney coming.

*That's only a working title for that particular spinoff at the moment.

 

[FederationHistorian]

The streaming bubble is bursting, nobody's making any money and all services are in the same boat, making cuts where they can.

These networks always have multiple streaming services going at once, instead of merging them all.

With Paramount, there was P+, BET+ and Nickelodeon’s streaming service Noggin, even though P+ has BET and Nickelodeon programming. I’m shocked these three were never consolidated into a single streaming platform.

and their movies have been tanking also.

No one cares for the new Avengers, or have been given a reason to care about them. Everyone is just waiting for Disney to move on to X-Men, really.

 

[StarMan]

It’s Official: Bob Bakish Is Out At Paramount Global, Trio Of Division Heads Form New Office Of The CEO

also -

Paramount Refuses Questions on Earnings Call and Blasts the Mission: Impossible Theme Song After CEO Exit

 

[Danja]

Wall Street Journal article on why Bob Bakish might be removed.

Meanwhile the axe has come for other Paramount franchises, including the cancelation of the CSI: VEGAS and NCIS: HAWAII.

I still can't watch NCIS: Hawai'i. It's not all that different from the other NCIS shows.

Three years later, the pilot is still sitting half-finished in my P+ queue.

These networks always have multiple streaming services going at once, instead of merging them all.

With Paramount, there was P+, BET+ and Nickelodeon’s streaming service Noggin, even though P+ has BET and Nickelodeon programming. I’m shocked these three were never consolidated into a single streaming platform.

They serve different audiences.

 

[FederationHistorian]

They serve different audiences.

If that’s the argument you wish to go with.

Somehow, I get the feeling this would not fly if this was Disney. They’d would all be merged into one super streaming service and given their own sections on D+. Since all that matters is viewership.

 

[fireproof78]

Doesn't DISNEY own Hulu and ESPN+?
Also, I'm not one to go with the idea of if DISNEY does it it must be good.

 

[FederationHistorian]

Hulu's a hub on D+ in the US. The same way Star is a hub on D+ internationality.

And the Star+ service Disney launched in Latin America is being discontinued this summer, and its content integrated into D+.

I can honestly see Hulu going the same way that Star+ is – discontinued in a few years.

Sports is a different thing.

So, a merger of various streaming services on Paramount+ that are under the Paramount umbrella does not seem unreasonable to me. Especially if P+ will also merge with Peacock in the future.

 

[fireproof78]

Sports is a different thing.

Not really. It serves a different audience but the principle is the same.

 

[CorporalClegg]

Not really. It serves a different audience but the principle is the same.

Besides the production, the promotion, and the distribution being entirely different, then sure.

 

[fireproof78]

Besides the production, the promotion, and the distribution being entirely different, then sure.

Its catered to a different audience, which is what was noted up thread. I was remarking that catering different services to different audiences makes sense. So, again, not seeing the objection here.

 

[CorporalClegg]

That's all irrelevant to @FederationHistorian argument.

When talking about the consolidation of streaming services are treated differently for all the reasons I listed, with distribution being the most important. The technology involved is completely different.

 

[fireproof78]

That's all irrelevant to @FederationHistorian argument.

When talking about the consolidation of streaming services are treated differently for all the reasons I listed, with distribution being the most important. The technology involved is completely different.

I just don't see the difference, personally. It's all owned by Disney, so a consolidation model following that doesn't automatically mean a win because it serves different audiences.

So, yeah, I agree there are some differences, but the end result feels about the same to what Disney+/Hulu/ESPN+ currently do.

 

[Uhura's Song]

It’s Official: Bob Bakish Is Out At Paramount Global, Trio Of Division Heads Form New Office Of The CEO

also -

Paramount Refuses Questions on Earnings Call and Blasts the Mission: Impossible Theme Song After CEO Exit

The article says streaming losses were down 40% and earnings up 6% from last year.

Apparently the CEO was cool on the merger stuff and got booted as a result.

 

[Quantum21]

The article says streaming losses were down 40% and earnings up 6% from last year.

Apparently the CEO was cool on the merger stuff and got booted as a result.

P+ performance was up, just like every year since it started.

Now that Paramount and Skydance agreed to the merger, I could see an expansion from all divisions for Star Trek.

 

[Mudd]

Paramount and Skydance agree to terms of a merger deal

Skydance and RedBird will also contribute $1.5 billion in cash to Paramount’s balance sheet to help reduce debt.

Following the close of the deal, Skydance and RedBird will own two-thirds of Paramount, and the class B shareholders will own the remaining third of the company, Faber reported. The negotiated terms were earlier reported by The Wall Street Journal.

The deal will not require a vote from the shareholders, which was part of the negotiations, Faber reported. Paramount’s annual shareholder meeting will take place on Tuesday.


In total, the deal is valued at $8 billion, an increase from what was initially on the table. Earlier, the offer from Skydance was valued at about $5 billion. Under those earlier terms, Redstone would have received less than $2 billion for her stake, and the class B shareholders would have been bought out at a nearly 30% premium at $11 a share, CNBC previously reported.

 

[Tuskin38]

Skydance and Paramount have agreed on a merger

https://x.com/thetrekcentral/status/1797632323971678516?s=46&t=GJ4lIGndtLwuph_LJO2AJw

 

[tomalak301]

I don't know what this means for Trek, but the first thing I thought was this might make getting a new Trek movie off the ground easier.

 

[Skywalker]

Skydance did seem to be the best option for the Trek-inclined, so I'll take this as good news.