{"id":626988,"date":"2024-07-08T17:06:01","date_gmt":"2024-07-08T14:06:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/skydance-team-would-be-supportive-of-paramount-selling-off-some-assets\/"},"modified":"2024-07-08T17:06:01","modified_gmt":"2024-07-08T14:06:01","slug":"skydance-team-would-be-supportive-of-paramount-selling-off-some-assets","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/skydance-team-would-be-supportive-of-paramount-selling-off-some-assets\/","title":{"rendered":"#Skydance Team Would \u201cBe Supportive Of\u201d Paramount Selling Off Some Assets"},"content":{"rendered":"
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\n As Skydance and Paramount chart out their strategy as a merged company, its new leaders say they would still be open to selling assets.\u00a0<\/p>\n

\n On a call with investors Monday morning, after the announcement of a deal that will see Skydance acquire Shari Redstone\u2019s National Amusements and gain control of Paramount, former NBCUniversal CEO Jeff Shell suggested the sale of some assets and a continuation of a strategy set in place by Paramount\u2019s three CEOs.\u00a0<\/p>\n

\n \u201cThere are assets here which we think are not strategic to where we\u2019re going, that if we were to get a buyer to pay a price that we thought was compelling, we would absolutely do that,\u201d Shell said. \u201cAnd we know current management is also talking about a couple of transactions that, if they get the right price, we\u2019ll be supportive of.\u201d<\/p>\n

\n After the deal closes, Paramount plans to acquire Skydance, with Shell as president and Skydance CEO David Ellison as CEO of the company.\u00a0 Brian Robbins, Chris McCarthy and George Cheeks are currently the three CEOs at the head of the company.\u00a0<\/p>\n

\n Ahead of the deal announcement, the three CEOs were said to be pursuing the sale of the company\u2019s BET Media<\/a> Group Assets.\u00a0Other potential options on the table could include the company\u2019s linear TV assets such as the non-CBS local TV stations or the annual video convention VidCon.<\/p>\n

\n In the company\u2019s June 25 town hall, leadership said bankers had been hired to sell off assets in order to help the company pay down debt and strengthen the company\u2019s balance sheet. The company had plans to cut $500 million in costs as Paramount\u2019s revenue has grown by 13 percent between 2018 and 2023, while its operating income before depreciation and amortization has declined 61 percent.<\/p>\n<\/p><\/div>\n

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As Skydance and Paramount chart out their strategy as a merged company, its new leaders say they would still be open to selling assets.\u00a0 On a call with investors Monday morning, after the announcement of a deal that will see Skydance acquire Shari Redstone\u2019s National Amusements and gain control of Paramount, former NBCUniversal CEO Jeff…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-626988","post","type-post","status-publish","format-standard","hentry","category-social-mediaa"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/626988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=626988"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/626988\/revisions"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=626988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=626988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=626988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}