Paramount Global - FilmTake

Skydance Wins Paramount Deal as Bronfman Withdraws After Chaotic Bidding War

August 30, 2024 FilmTake Comments Off

Edgar Bronfman Jr., the Seagram’s liquor heir who briefly posed a half-hearted challenge to Skydance Media’s takeover of Paramount Global, has officially withdrawn from the race. Bronfman’s exit clears the path for Skydance Media.

Paramount Extends Skydance Merger Deadline as Bronfman Up Buyout Offer

August 22, 2024 FilmTake Comments Off

As Wednesday’s deadline loomed, the already complex battle for control of Paramount Global took another twist. The investor group led by Bronfman made a desperate move to stay in the game by increasing its bid for National Amusements to $6 billion.

Deal Deadline Ends Today: Inside the Battle for Control of Paramount Global

August 20, 2024 FilmTake Comments Off

Amid today’s deadline, the competition to acquire Paramount Global has taken a dramatic turn with the emergence of a new contender. Edgar Bronfman Jr., the heir to Seagram’s liquor, has submitted a $4.3 billion bid to acquire Paramount, directly challenging Skydance’s $8 billion bid.

Paramount’s Financial Turmoil: Soaring Losses, Layoffs, and Massive Impairment Charge

August 17, 2024 FilmTake Comments Off

Amid a looming deadline to sell the once-storied studio, Paramount Global reported a staggering net loss of $5.4 billion in Q2 2024, primarily driven by a $5.98 billion impairment charge, a dramatic deterioration from the previous year.

Paramount’s Troubled Waters: A Tale of Failed Mergers, Mismanagement, and Dubious Deals

August 4, 2024 FilmTake Comments Off

Recent weeks have seen Paramount Global navigate turbulent waters, with its shares plunging and its credibility questioned. The highly publicized failed merger and acquisition bid from Apex Capital Trust has placed the company under intense scrutiny.

Content Spending Slumps in the Post-Peak Television Era

July 19, 2024 FilmTake Comments Off

After reaching unprecedented heights, the film and television market is now charting a more cautious path in the post-peak television era. Several recent forecasts shed light on the slowdown in television content spending, emphasizing the shift in priorities and austerity for major media companies.

Paramount-Skydance Merger Collapses: Inside the Failed Negotiations

June 11, 2024 FilmTake Comments Off

Skydance’s merger talks with Paramount collapsed in epic fashion on Tuesday after Paramount’s controlling shareholder canceled the deal, ending an attempt to turn around the troubled studio. The deal fell through just as it was about to be finalized.

Update: Skydance Media Acquisition of Paramount Diminished After Disjointed Annual Meeting

June 5, 2024 FilmTake Comments Off

At their annual meeting on Tuesday, Paramount executives unveiled a plan to reduce costs and seek a partner for their streaming service. As a result, shares dropped nearly 5% as prospects for a merger with Skydance Media diminished.

From Blockbusters to Bust: Why the Film Industry is Fading Fast

June 4, 2024 FilmTake Comments Off

The film industry is transforming with declining revenues, reducing film output, and a shift in consumer preferences. Major studios are consolidating and struggling, while television emerges as a dominant medium. Theaters face over-leveraging challenges. Streaming services haven’t compensated for theatrical declines.

Navigating the Siren Song of Streaming as Studios Get Caught in the Undertow

April 21, 2024 FilmTake Comments Off

Hollywood’s approach to thriving in streaming has taken a sharply negative turn in the past few years. Initially, the strategy involved pouring resources into content to lure subscribers and ending profitable licensing agreements with aggregators like Netflix, banking on eventual profitability.

Who’s Thriving and Who’s Struggling: Annual Streaming Scorecard Part Four

April 17, 2024 FilmTake Comments Off

Paramount Global and Comcast have engaged in discussions to explore collaborating, including potentially merging their respective streaming services – Paramount+ and Peacock. However, it’s becoming clear that Paramount Global and its disastrous leadership team want to cash out.

Unveiling Netflix’s New Content Strategy: Opening Doors to External Licensing

April 12, 2024 FilmTake Comments Off

Netflix has shifted its focus from prioritizing the production of original content to third-party content licensing once more. As an exclusive platform, Netflix’s management currently opposes licensing content externally, but the writing is on the wall for embracing external licensing.

Steering Through the Streaming Sea Change: Apple and Paramount Partnership Eminent

December 18, 2023 FilmTake Comments Off

Apple and Paramount are on the verge of forging a bundling partnership that will include Apple TV+ and Paramount+, marking the next chapter in the streaming story. Evolving industry developments indicate an overall trend toward strategic partnerships to compete with Netflix.

Amazon’s MGM+ Could Emerge as a Formidable Streaming Service After Acquiring Lionsgate

July 28, 2023 FilmTake Comments Off

By absorbing Lionsgate and Starz into MGM+, which is available and promoted worldwide to hundreds of millions of Amazon subscribers, MGM+ could emerge as a leading streaming service. Besides Amazon, Paramount Global is said to be considering Starz.