Paramount News & Updates

[Sushubh]

CBS Will Be a 'Cornerstone' Asset of New Paramount, Jeff Shell Teases

"It's going to be actually part of all of our plans going forward," the executive told reporters Monday

www.thewrap.com

Skydance Media Gets Board Committee Approval For Control Of Paramount Global After Lengthy Chase

Skydance Media has gained board committee approval for its proposed acquisition of Paramount Global controlling shareholder National Amusements.

deadline.com

Paramount President-To-Be Jeff Shell Says Linear TV Will Remain “A Strong Business For Decades To Come”

Ex-NBCUniversal CEO Jeff Shell, who will be Paramount Global president in Skydance's pending takeover, sees linear TV thriving for "decades to come."

deadline.com

Skydance On Cost Cuts, Streaming Partnerships & Big Breakup Fee If Another Buyer “Comes Out Of The Woodwork” For Paramount

Skydance’s Daivd Ellison, Jeff Shell, and RedBird Capital woo Wall Street to Paramount deal with $2 billion in cost synergies, possible partnerships.

deadline.com

 

[Sushubh]

Paramount to Lay Off 15% U.S. Workforce, About 2,000 Employees, in Fresh Round of Cuts

Paramount Global will cut 2,000 employees, 15% of its U.S. workforce, in the next few weeks, ahead of its planned merger with Skydance.

variety.com

Paramount Takes $5.98 Billion Write-Down on Cable Networks in Q2 Tied to Skydance Deal While Streaming Turns First Profit

Paramount Global said it took a $5.98 billion write down of its cable networks spurred by its looming acquisition by Skydance

variety.com

 

[Sushubh]

Paramount TV Studios Shutting Down Amid Major Restructuring, Layoffs

Projects at the Nicole Clemens-led unit will move under the CBS Studios umbrella.

www.hollywoodreporter.com

Paramount Television Studios Shut Down by Paramount Global Cost Cuts

Paramount Television Studios, known for series such as "Jack Ryan" and "Time Bandits" is being shuttered under cost cuts by Paramount Global

variety.com

Paramount Global Starts Layoffs, Sees $500 Million in Cuts Before End of 2024

Paramount Global expects to cut $500 million from the company before the end of 2024, with 90% completed by September

variety.com

 

[Sushubh]

Paramount+, Canal+ Expand Partnership in France

Under the updated deal, Canal+ subscribers can access Paramount+ at no additional cost, no matter which subscription plan they have.

www.hollywoodreporter.com

 

[Sushubh]

Edgar Bronfman Jr. Makes $4.3 Billion Bid to Take Control of Paramount Global in Challenge to Skydance Deal

Edgar Bronfman Jr. submitted an offer valued at $4.3 billion to acquire National Amusements Inc., the controlling shareholder of Paramount Global.

variety.com

Edgar Bronfman Jr. Boosts Paramount Bid to $6 Billion, Board Extends Deal-Negotiation Period

Paramount Global's board will evaluate a higher $6 billion bid from Edgar Bronfman Jr. to take over the company.

variety.com

 

[Sushubh]

Paramount Global Closes Door on ‘Go-Shop’ Period as Edgar Bronfman Jr. Drops Last-Minute Bid for Studio

Paramount Global has ended its 'go-shop' period and will proceed with its Skydance Media merger now that Edgar Bronfman Jr. has dropped his bid.

variety.com

 

[Sushubh]

Larry Ellison Will Control Paramount (PARA) After Skydance Deal, Filing Shows - Bloomberg

Star Trek owned by Ellison? This is the end.

 

[Sushubh]

Paramount Global Unveils ‘Phase Two’ of Layoffs

Paramount Global said it was continuing to cut staff amid a difficult climate, hoping to net 90% of its overall layoffs

variety.com

 

[Sushubh]

Paramount Hit With Potential Class Action Over Last Month’s Layoffs

Paramount Hit With Potential Class Action Over Last Month's Layoffs; Could See Over 300 Ex-Staffers Sue

deadline.com

Paramount Sued by Ex-Workers Over Mass Layoffs Without Notice

Hundreds of workers at the company were laid off last month as it aims to slash 15 percent of its workforce.

www.hollywoodreporter.com

 

[Sushubh]

David Ellison Will Hold Full Control of Combined Paramount-Skydance Following Deal Close, per Updated Filing

David Ellison will hold 100% percent of the Ellison family’s voting interests in the newly combined Skydance-Paramount, per an updated filing.

variety.com