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The Justice Department has cleared Paramount‘s $111 billion megadeal for Warner Bros., a key approval that removes a major regulatory roadblock to completing the merger that will reshape Hollywood. The acquisition will “increase competition across the media and entertainment ecosystem,” the Justice Department’s Antitrust Division said in an announcement on Friday. The agency found that markets…
Emotions spilled over at a gathering of Hollywood workers, union officials and a current and former FCC commissioner opposed to the planned Paramount Skydance-Warner Bros. merger on Saturday, with some arguing that the mega-merger on top of other recent challenges in the business would mean the “death of Hollywood.” Writers, actors, crew members and small…
The social media-verse exploded over the weekend with rumors that Paramount is trying to “suppress” the episode of a public-access show that Stephen Colbert hosted, but the truth is something different, sources told The Hollywood Reporter. Paramount is not actually trying to “suppress” copies of Colbert’s surprise appearance on Only in Monroe, as rumors across…
Jeffrey Kessler, a heavyweight in antitrust litigation who most recently secured a landmark win for states suing Live Nation, will defend Paramount‘s $110 billion megadeal for Warner Bros. Discovery. The studio doesn’t expect legal challenges from the Justice Department, state prosecutors or foreign regulators, though Kessler would lead the studio’s defense if any are filed,…
Paramount is pushing further into artificial intelligence, with the David Ellison-led entertainment company hiring a new head of consumer AI on Monday. Dane Glasgow, the former Meta executive who joined Paramount as chief product officer last year, announced the hiring of Barak Turovsky in a memo to staff, which was obtained by The Hollywood Reporter….
Anderson Cooper bid farewell to CBS News‘ 60 Minutes on Sunday night after 20 years on the newsmagazine by praising the show’s “independence” and “trust it has with viewers.” “I hope 60 Minutes remains 60 Minutes,” he said in an interview on 60 Minutes Overtime. “There’s very few things that have been around for as…
David Ellison held an event at the at the U.S. Institute of Peace on Thursday in honor of Donald Trump, where the president reportedly spoke to guests for nearly an hour. According to a Friday report by The Times, CBS News executives and journalists were in attendance, including Bari Weiss and Norah O’Donnell. The acting…
Paramount‘s $110 billion mega-deal for Warner Bros. Discovery got the green light from WBD shareholders Tuesday morning, as they voted to approve the merger that would combine two of Hollywood’s legacy studios. The shareholders, however, rejected WBD CEO David Zaslav‘s lucrative compensation package, sending a message to its board in the process. The votes are…
A Senate hearing over Paramount‘s blockbuster $111 billion deal to acquire Warner Bros. Discovery will move forward without the sale’s primary player David Ellison. The mogul’s Paramount policy team informed Sen. Cory Booker, the top Democrat on the Senate antitrust subcommittee, that Ellison won’t be able to attend the Washington, D.C. hearing due to an…
Warner Bros. Discovery has scheduled its special meeting of shareholders to vote on the $110 billion mega-deal by Paramount Skydance. The company said early Thursday that the special shareholder meeting will be held on April 23 at 10 a.m. ET. The WBD board said that it unanomously recommends that shareholders vote to approve the Paramount…