Future of Paramount+ among merger talks
- Thread starter James Cole
- Start date
I honestly don't know what this means but if y'all are saying it's good news, than I guess I'm okay with it.
Anything that keeps Paramount as an independent studio is good for Trek and the movie industry as a whole.
By the time this all goes through Star Trek: Strange New Worlds will be on its fifth season, or if they don't renew it after the 4th season, over and done with.
^^^
Considering that's the only Kurtzman era Trek show I really enjoy front to back, and sorry but Starfleet Academy in the 32nd century isn't something I think I'll really warm up to, IDK if it'll matter much to me wither goes Paramount Plus at that point in time.
But for those who enjoy multiple outings from the current Trek production teams, given that sky dance was instrumental in the JJ Abrams Star Trek, and Alex Kurtzman himself assisted with two of those films, sky dance seems like a supportive partner for continuing Paramount+ Star Trek.
Time will tell I guess.
https://www.reuters.com/business/me...hareholders-2024-06-04/?utm_source=reddit.com
Deal might not be official. Redstone wasn't happy with the reduced offer from Skydance.
Deal might not be official. Redstone wasn't happy with the reduced offer from Skydance.
I had a feeling she might not be into the revised offer. Guess it’s back to Ellison’s side of the court again.
Shocking,
I had a feeling jumping the gun would be ill-advised, given her track record.
Also given the fact if she'd cashed out several years earlier, she may have pocketed ~8 billion, given the company valuation at the time.
That's not what you're referring to, mind you. She's spoken of legacy (people do seem caught up on the whole legacy thing nowadays). From a cold business standpoint, I don't know how helpful that mindset is. The situation is what it is.
It's her prerogative, I suppose.
"It's not logical, but is often true." -- Mr. Spock
https://www.vulture.com/article/paramount-plus-future-peacock-merger.html
What a convoluted mess the whole streaming industry has become.
What a convoluted mess the whole streaming industry has become.
They seem to be as bad at selling their company as they were running it….
It's a messy situation:
- Steven Paul/John Paul DeJoria (co-founder of Paul Mitchell Hair Products): $3 billion bid. Not high enough to get in the ballpark.
- Sony/Apollo: Highest bidder ($11 billion) but regulatory nightmare. Sony's own investors back in Japan don't want the deal (They think the company is spending too much money).
- Skydance: $8 billion bid. Approved by Paramount Special Committee. Preferred buyer.
No one wants a lawsuit. It's time-consuming, painful, and expensive. The idea is to negotiate a settlement out-of-court.
If the shareholders were telegraphing that they were going to sue regardless, the court might not look favorably upon them. Plus, they should've known the risks of dealing with such a closely-held company.
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She's the one who wanted to cash out with all this. She started the whole l'et's sell now' situation and turned down a higher offer, that would have paid higher dividends to other shareholders then the deal she was pushing; but the deal she was pushing would have somehow paid out a larger percentage to her, and not just because of the fact she has more shares of Paramount.
It seems pretty clear that unless she herself gets a better deal than everyone else she's not going to sell in the end.
There is still the option of Paramount "going it alone" and not selling to ANYONE.
Yeah I pretty much said the same thing in my last paragraph of the previous post.There is still the option of Paramount "going it alone" and not selling to ANYONE.
Is there any reason that Steven Paul and Skydance can’t put their bids together and match the Sony/Apollo bid?
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