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Even though Shari Redstone has inked a deal with David Ellison’s Skydance Media to relinquish control of Paramount Global, the company has until Aug. 21 to mull any other takeover options during a “go-shop” window. But one contender that had been considered a serious suitor has reiterated that it won’t be making another proposal for…
Dan Gregor, a writer and producer on Chip ’n Dale: Rescue Rangers and How I Met Your Mother, started his career roughly 20 years ago during an era when Hollywood looked vastly different. Back then, it was normal for him to develop a pitch for a TV show and take it to multiple networks. With…
In a landmark deal that will shake up the entertainment landscape, Shari Redstone has agreed to sell control of Paramount Global to a consortium led by Skydance, the production company led by David Ellison, and Gerry Cardinale’s RedBird Capital. The sale, assuming it is approved by regulators and completed (and assuming a better bid does…
A consortium led by David Ellison’s Skydance is nearing the finish line on its new deal to acquire Paramount Global. According to sources, Paramount’s special committee has signed off on the refreshed deal from Skydance, RedBird Capital and other investors. A month ago, of course, Skydance was close to sealing the deal, but Shari Redstone…
European streamer SkyShowtime just unveiled the addition of an advertising tier in late April. The Standard with Ads plan will roll out across all of the more than 20 markets served by the joint venture of Comcast and Paramount Global. The news of the ad tier comes around a year after the streamer finished its…
Paramount Global has appointed two executives to new roles to strengthen its international streaming business. Anna Priest, previously chief marketing officer (CMO) for Paramount U.K., has been named senior vp and head of Paramount+ for the U.K. market. She now reports to Marco Nobili, executive vp and international general manager of Paramount+ who unveiled her…
SkyShowtime, the European streaming joint venture of Sky owner Comcast and Showtime owner Paramount Global, has appointed former Netflix executive Kai Finke as chief content officer, CEO Monty Sarhan unveiled on Monday. Based in Amsterdam and reporting to Sarhan, Finke will lead the programming team, overseeing “the vast and growing scope of the department, following…
After at least five months of deliberations, Paramount Global has decided against selling a majority stake in its BET Media Group, The Hollywood Reporter has confirmed. The move to take down the “for sale” sign for the unit — which includes the BET channel, streamer BET+ as well as VH1 and BET Studios — follows…
Paramount Global reached 61 million Paramount+ streaming subscribers worldwide in the three months ended June 30, a slight gain from the 60 million announced last quarter, but importantly the company pared down its streaming losses. On the streaming side, the company reported a quarterly adjusted operating loss before depreciation and amortization of $424 million compared…
Internationally produced Paramount+ original content is set to travel to the U.S. and beyond, going global on the company’s streaming service, Paramount Global said Monday. The move arrives as Hollywood giants are reshuffling fall and winter premiere plans amid the double strike of actors and writers that has halted production for weeks this summer. Unveiling…