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Future of Paramount+ among merger talks

Prodigy Producer Aaron Waltke wrote on Twitter:


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During the preliminary review, the parties must wait 30 days (15 days in the case of a cash tender or bankruptcy transaction) before closing their deal.

If all goes well, the Skydance-Paramount merger should be complete by mid-September.

First order of business: Get rid of Moe, Larry, and Curly in the Paramount Global CEO office. :shifty:
 
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At the very least, I hope that Netflix see the potential in further Prodigy.
Netflix is big on the completion rate (at least half the people that started the season finished the season), and the 28 day watch rate. Maybe we get lucky and it registers on the Neilsen numbers for a week. And, and the end of the year Netflix should put out their global watch figures.
If all goes well, the Skydance-Paramount merger should be complete by mid-September.
Is it actually happening this time? I gave up following the roller coaster after the third false start.
 
Is it actually happening this time? I gave up following the roller coaster after the third false start.

Hopefully ...


There's actually TWO mergers involved in this transaction:

1. Skydance buys National Amusements (Shari Redstone's holding company that owns 70% of Paramount Global's voting shares).

2. Paramount Global buys Skydance.


I'm assuming both of these transactions have been prearranged. :shifty:
 
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I’m glad Skydance is back at the table (more than at the table, really; but we’ve been there before). It still seems like the best path forward insofar as my two main issues are concerned: the relative future health of the Star Trek IP, and the least number of layoffs.
 
After watching Prodigy Season 2 and remembering what Paramount did to it, I hope the entire Trek IP gets moved to another streamer like Netflix or Apple TV. Paramount really doesn't deserve Star Trek.
This is literally an irrational post. Paramount is the one who greenlite and made the programming. The only reason the program even exists is because Paramount is a minor player in the streaming system and Trek has been the driving force of 1/5th of its US signups. Thus giving Paramount a reason to attempt a close to 52 week programming cycle for various Trek shows, and that is also what pushed them to go outside the typical box with its Trek programming.

There is no reason Netflix would do this. If the Trek IP was in Netflix's hand I can absolutely state there never would have been a prodigy program created. They don't need a year round IP, Thus it would never been made by Netflix.

Apple. Let's be clear here, Apple isn't in the content creation business because they need the programs to make money. They are int eh business to feed their product line. To date even with products that have done better then anything thats been released on Paramount plus, have made no corporate choices in making expanding IP's flowing through their streaming business. So it's highly unlikely if Apple had the IP that they would create anywhere near the quantity of programming that Paramount did. So again you likely would have never seen a show like Prodigy created by Apple.

That leaves things like Peacock and Max, and those platforms absolutely would not have expanded the IP of Trek like Paramount did. And if they had, they also would have killed the lines that are not delivering significant numbers and that would be Prodigy and Lower Decks, without question.

But it's become apparent for the various companies that trying to do year round programming for one IP really isn't viable without having a massive war chest to work with, even with services that have a large base, And outside of companies like Apple and a lesser degree Amazon. The business can't just write blank checks and know that other parts of their business will support those expenses. Even Disney the best off of the typical content creators has had to cut back on production and do tax writes offs.
 
David Ellison‘s Skydance Media has gained a key approval vote for the company’s proposed acquisition of Paramount Global controlling shareholder National Amusements Inc. after seven months of talks.

The deal was blessed Sunday by a special committee of Paramount’s board of directors, a person familiar with the matter told Deadline. A formal announcement is expected as soon as Monday morning.

Under terms of the Skydance agreement, Redstone and her family will receive $1.75 billion, with additional funds going toward Paramount debt repayment. The transaction is expected to be the first of two parts, with a full merger between Skydance and Paramount Global to follow. NAI controls nearly 80% of Paramount’s Class A, or voting, shares. It holds only about 10% of its equity value, with that disparity adding to the complexity of deal negotiations in recent months.




While the board committee action is a milestone, one of the features of the current agreement is a 45-day “go-shop” provision, which allows NAI chief Shari Redstone to field alternative offers. Apollo Global Management, Barry Diller and Edgar Bronfman Jr. are among those who have explored bids. Apollo, both on its own and in partnership with Sony Pictures, has submitted formal offers in recent months but they haven’t gained much traction.

As of right now, the "go-shop" provision is but a mere formality (Redstone and Paramount Global as an institution both want Skydance).


UPDATE:


David Ellison‘s Skydance Media has announced an $8 billion deal to take over Paramount Global, capping a seven-month quest.

The company had received approval earlier Sunday from a special committee of Paramount’s board of directors. The full board then OK’d the plan for a two-step transaction, first the acquisition of National Amusements Inc., the entity run by Shari Redstone that had controlled almost 80% of Paramount voting shares. That transaction will be followed by a full merger.

Paramount Class A stockholders will get $23 per share in cash/stock election. Class B stockholders will get $15 per share in cash/stock election. The cash consideration available to public shareholders totals $4.5 billion.

Ellison will be Chairman and CEO, and former NBCUniversal chief Jeff Shell will lead the company as president.
 
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As of right now, the "go-shop" provision is but a mere formality (Redstone and Paramount Global as an institution both want Skydance).


UPDATE:


Fuck yeah! Kurtzman is toast. About time…

We need to talk about Abrams too, but that can wait.

Mr. Ellison, have a lot of fun with your new Star Trek franchise.

Also, could you please cancel the upcoming Starfleet Academy show?
 
Ah, yes. The famously anti-Kurtzman Ellison, lol.
Me thinks locborg is unfamiliar with Skydance's past relationship with Paramount, Abrams and Kurtzman. Though it's right there in the article. :lol:
Skydance is a longtime partner with Paramount Pictures as a co-financier on marquee franchises like Mission: Impossible, Star Trek, Transformers and Top Gun.
 
So this is really a three way merger between Paramount Global, National Amusements, and Skydance. Here is what each bring to the table.

Paramount Global:
CBS
Paramount Pictures
Nickelodeon
MTV
CMT
Paramount Channel
BET (getting sold to reduce debt)
A defunction video game division
IPs Star Trek, Yellowstone, NCIS/CSI/JAG universe, Halo, Dexter, Breaking Bad, etc...
Paramount Consumer Products
Various studios

Skydance:
A billion dollar film studio set
A pile of production deals with other studios
Small video game studio.
Animation studio, with the Pixar Founder
Production deals with a variety of companies like Netflix, Amazon, Apple.
The biggest asset of all is CEO David Ellis and his tech and business connections that could save Paramount millions in data costs.

National Amusedments: 1,500 Theaters, mostly in North East US.

This gives the new Paramount Skydance Amusements distribution, theaters, and production all in one pipeline.
 
TBF, rumor has it that Kurtzman crossed Skydance and pouched some of their TV people back in the day. Never underestimate the possibilities for inter-elite drama.

Long term I think Paramount buys out whatever stake Bad Robot and Secret Hideout have in Star Trek eventually.
 
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