Future of Paramount+ among merger talks

[Danja]

I guess the guy got beat ...

Paramount Global Director Charles Phillips, Who Questioned Skydance Deal, Resigning From Board

Paramount Global board member Charles Phillips, who raised questions about Paramount's merger deal with Skydance, is resigning from the board.

deadline.com

 

[137th Gebirg]

Interesting... Had no idea there was an Oracle/Ellison connection there.

 

[Danja]

Cindy Holland Tapped As Senior Advisor To David Ellison & Skydance Ahead Of Paramount Takeover, Sister To Close U.S. Office

Cindy Holland is stepping down as Global CEO of Sister to become senior advisor to Skydance. Sister’s Los Angeles office will close at the end of 2024.

deadline.com

As one of the first executives at Netflix, Holland had a front-row seat to the company’s transformation from a DVD-by-mail supplier to a global streaming powerhouse, know-how that would benefit Ellison and Skydance as they create their strategy for Paramount+ and the rest of the company. Ellison has spoken publicly about his focus on using technology to grow and scale up Paramount’s business and implementing a tech company mind-set into a traditional content company.

She could very well be P+'s next President.

 

[Danja]

David Ellison – Not Larry – Will Hold 100% Of Family Interest In Paramount When Skydance Deal Closes

An amended FCC filing by Skydance today says that David Ellison will hold 100% of the Ellison family’s interest in Paramount one that deal closes, an attempt to allay concern that control will his father, Oracle co-founder and CEO, Larry Ellison.

deadline.com

Father and son are close and Oracle is expected to be an active partner in shaping David Ellison’s stated vision of an entertainment company that’s a media-technology hybrid.

 

[Danja]

Paramount Global Adds 3.5 Million Streaming Subs In Q3 But Revenues Fall 6% As TV & Film Dip

Paramount Global has posted lower year-on-year revenue in Q3, but Paramount+ added 3.5 million subscribers as DTC profit hit $49 million.

deadline.com

“Our hit content drove strong performance in Q3 where Paramount+ added 3.5 million new subscribers, solidifying our position as the number four global SVOD service,” said Paramount Co-CEOs George Cheeks, Chris McCarthy and Brian Robbins in a statement.

"With two very strong quarters under our belt, it’s evident that we have clear momentum and that our plan is working thanks to our very talented teams and creative partners.”

 

[Danja]

Paramount Co-CEO Troika, TV Businesses Eye Consolidation Once Skydance Merger Closes

The Paramount CEO office of Chris McCarthy, George Cheeks and Brian Robbins is apt to look quite different once the Skydance-Paramount merger closes.

deadline.com

The Paramount co-CEO threesome of Chris McCarthy, George Cheeks and Brian Robbins is apt to look quite different once the Skydance-Paramount merger goes through in late March-early April, according to sources and not surprisingly. However, we hear that no decisions have been made on the comings and goings of McCarthy, Cheeks and Robbins.

A Bloomberg article Tuesday reported that of the three, only Cheeks is bound to survive once incoming CEO and Paramount buyer David Ellison arrives. This in addition to further consolidation of the conglom’s TV assets.

 

[Danja]

(Bloomberg) -- CBS owner Paramount Global’s merger with film and TV producer Skydance Media should be reviewed by federal authorities because of the participation of China’s Tencent Holdings Ltd., which was recently added to a US military blacklist, a key member of Congress said.

Tencent Stake in Skydance-Paramount Draws Lawmaker Scrutiny

(Bloomberg) -- CBS owner Paramount Global’s merger with film and TV producer Skydance Media should be reviewed by federal authorities because of the participation of China’s Tencent Holdings Ltd., which was recently added to a US military blacklist, a key member of Congress said.Most Read from...

finance.yahoo.com

 

[137th Gebirg]

Awwww... Is the CCP angry they won't get a chance to finance new propaganda to western audiences anymore?

Good.

 

[Danja]

More on Tencent:

Tencent - Wikipedia

en.m.wikipedia.org

 

[JoseNoodles]

No more Transformers movies in Hong Kong I guess.

 

[Phily B]

Awwww... Is the CCP angry they won't get a chance to finance new propaganda to western audiences anymore?

Good.

This should remain the domain of the USA.

 

[137th Gebirg]

Oh, don’t worry… The Mockingbirds got that covered.

 

[Omegaphallic]

$15 billion Offer to Buy Paramount From Rising Partners Could Derail Skydances $8 Billion deal to Buy Paramont, Changing the Fate of Star Trek

Paramount Hit With Legal Letter to Consider Last-Minute $13.5 Billion Offer From Outside Investors Over Skydance Bid (EXCLUSIVE)

Paramount Global has rejected a last-minute counteroffer from Project Rise Partners, saying 'there will not be any engagement' on the investors' bid.

variety.com

 

[F. King Daniel]

If it means real Star Trek movies and not fake announcements to rile up potential investors...

 

[fireproof78]

If it means real Star Trek movies and not fake announcements to rile up potential investors...

Isn't this announcement just to rile potential investors up?

 

[Daedalus]

...And the adventure continues...

 

[StarMan]

Shari gets the same amount, while regular Class B shareholders go from $15 to $19 a share with PRP.

Hmmm.

 

[Lord Garth]

This is pretty much a soap opera.

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[The Old Mixer]

$15 billion Offer to Buy Paramount From Rising Partners Could Derail Skydances $8 Billion deal to Buy Paramont, Changing the Fate of Star Trek

Paramount Hit With Legal Letter to Consider Last-Minute $13.5 Billion Offer From Outside Investors Over Skydance Bid (EXCLUSIVE)

Paramount Global has rejected a last-minute counteroffer from Project Rise Partners, saying 'there will not be any engagement' on the investors' bid.

variety.com

Merged into the ongoing merger thread.

 

[Noname Given]

Both DISCOVERY and PICARD went over budget and experienced reshoots. Instability in showrunners. Clear signs of budget cuts season to season. I realize CBS / Paramount spent a lot of other people's money (Netflix, Amazon...) but to have major trade articles and commentary from industry professionals come and go without mentioning the "success" of NuTrek despite the massive sums of money invested is telling.

Uh huh...still better run and less behind the scenes drama than TNG up through the start of it's 4th season.

Guess Gene Roddenberry was a terrible executive producer too...oh, wait...