June 11, 2024FilmTakeComments Off on Paramount-Skydance Merger Collapses: Inside the Failed Negotiations
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.
June 5, 2024FilmTakeComments Off on Update: Skydance Media Acquisition of Paramount Diminished After Disjointed Annual Meeting
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.
The timing of the anonymous leak that CBS was prepared to pay Lionsgate $5 billion for Starz, raises serious questions about possible market manipulation.
After years of internal divisions, family squabbles, lawsuits, and sexual harassment investigations, Viacom and CBS are starting to resemble real companies again.
Viacom has had enough of China. The New York-based company is in talks with at least one Chinese group to sell some or all of the company’s operations on the mainland.
Television advertising sales in the U.S fell 8% to $61 billion in 2017 – the biggest slump in 20 years. Sales at cable networks dropped for the first time in a decade.
Paramount will not receive the $1 billion in slate funding from China’s Shanghai Film Group, and Hua Hua Media. A source said, the “Paramount deal is dead.”