Tag: Paramount
-
Sony Decides Not to Buy Pluto TV & Paramount+
Last week, Paramount and Skydance officially announced a deal to merge. With this deal Skydance will buy the Redstone families majority control of Paramount. Part of the deal though gave the Redstone family 45 days to look for other buyers to beat the Skydance offer. One of the other potential buyers was Sony, who had…
-
SOLD Pluto TV & Paramount+ Have Officially Been Sold to Skydance
Late last night Paramount and Skydance offically announced a deal to merge. With this deal Skydance will buy the Redstone families majority control of Paramount. The details of the deal have now been announced but it is reportedly valued at $1.75 billion. This gives Skydance control of a media empire that includes CBS, Paramount+, BET,…
-
The Sale of Paramount+ & Pluto TV to Skydance Gets Several Major Approvals to Move Forward
In a surprising turn of events, Skydance Media is poised to take control of Paramount Global after months of speculation about the media giant’s future. The Wall Street Journal reported last week that Skydance will acquire National Amusements, the holding company owned by the Redstone family, which controls over 70% of Paramount’s voting shares. Now,…
-
Paramount Is Reportedly in Talks to Sell BET for $1.6 Billion
In a surprising turn of events, Skydance Media is poised to take control of Paramount Global after months of speculation about the media giant’s future. The Wall Street Journal reports that Skydance will acquire National Amusements, the holding company owned by the Redstone family, which controls more than 70% of Paramount’s voting shares. Bloomberg is…
-
Paramount is Reportedly Once Again Up For Sale
Paramount recently walked away from possible deals to be purchased by or merged with other companies. Now, the New York Times reports that billionaire Barry Diller is exploring a deal to buy Paramount. This comes after some reporters suggested that Paramount had decided not to sell and instead continue as its own company. According to…
-
Paramount Deletes Almost All of Its Free Content on MTV, Comedy Central, & Other Network Websites to Promote Paramount+
Did you enjoy finding clips of “The Daily Show” and “South Park” each day on Comedy Central’s website? How about MTV News’s interviews and stories? Sadly, all that content is gone as Paramount is now asking people to log in with a cable TV provider or subscribe to Paramount+. Paramount has deleted all content from…
-
Paramount Is Considering Selling Some of Its TV Stations & BET
Paramount recently walked away from possible deals to be purchased by or merged with other companies. Now Paramount’s co-CEOs have announced it has hired bankers to sell assets as it looks for a path forward. The company stopped short of officially announcing what assets are up for sale but now, thanks to some other reports,…
-
Paramount’s Merger With Skydance Media is Dead
Over the last few months, news has been flying that Paramount is getting closer to a deal to be sold to or merge with Skydance. Now, after Skydance Media reportedly made the deal even stronger, a special committee of Paramount Global’s board members has approved a merger with Skydance, but the majority owner has not…
-
A New Potential Buy For Paramount Has Appeared
Over the last few months, news has been flying that Paramount is getting closer to a deal to be sold to or merge with Skydance. Now Edgar Bronfman has reportedly started looking at an over $2 billion bid for the company that controls the major voting shares in Paramount. This deal would be made by…
-
Paramount Is Looking For Partners For Paramount+ & $500 Million In Budget Cuts
Last February, reports leaked that Paramount+ and Peacock had started talks to merge into a single streaming service. The two sides wanted to find options to help make their streaming services profitable. Now Paramount Global’s co-CEO George Cheeks has confirmed that Paramount is looking for streaming partners. At its annual shareholder’s meeting he said the…