Tag: Paramount
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The Nickelodeon App Has Shut Down Along With The Comedy Central, MTV, Showtime, and Paramount Network
Paramount has started to shut down most of its cable network streaming apps after warning last year that it would do so. Back in December, we reported how the Comedy Central, MTV, and Paramount Network would soon be shutting down, and now Paramount has followed through on this, shuttering many popular cable network apps. While…
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Weather Channel Owner Byron Allen Makes $30 Billion Offer For Paramount
Byron Allen, who made headlines last year with his unsolicited bid to buy key assets from Walt Disney, is at it again with a $30 billion offer to acquire Paramount Global, Allen Media Group confirmed to Cord Cutters News. Allen, whose Allen Media Group owns The Weather Channel, LocalNow, and more than two dozen local…
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NBCUniversal Buying Warner Bros. Discovery or Paramount? Comcast CEO Denies Interest in Any Deals
The media industry is abuzz with chatter about potential mergers between the major players. Comcast CEO Brian Roberts is having one of it. “While there may be speculation on what we could do next, I’d like you to hear it directly from me,” Roberts said on the company’s fourth-quarter earnings conference call. “I love the…
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Paramount Reportedly Has a New Suitor That’s Not Warner Bros. Discovery
Paramount Global and its parent company, National Amusements, has a new suitor. Skydance Media CEO David Ellison has made a preliminary bid to buy National Amusements, which owns a controlling stake in the media company, according to Bloomberg. Ellison, the son of billionaire Oracle CEO Larry Ellison, is also in talks with merging Skydance Media…
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Paramount Will Reportedly Be Laying Off Hundreds of Employees Soon
Paramount executives are considering cutting hundreds of jobs in February as the media company is at a crossroads. This comes as reports from The Wall Street Journal wanted that layoffs would be coming in early 2024, and now Deadline says that layoffs have dropped from over 1,000 employees to hundreds but will be happening soon.…
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Paramount May Be Sold to a Massive Private Equity Firm
Earlier this month, we learned that Warner Bros. Discovery and Skydance Media are both in talks to buy a majority control of Paramount. Now, the New York Post has reported that Shari Redstone, the majority owner of Paramount, will sell her controlling stake of Paramount in an auction to the highest bidder. With the news…
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Tyler Perry’s BET Original Series Are Coming to Free Streaming Services
BET TV said it will release Tyler Perry’s original series to free streaming platforms, SVOD, broadcast, and other platforms as the content goes into syndication on free streaming services. At the CES 2024 convention in Las Vegas, Nevada, today, BET said it will offer eight original Tyler Perry series for licensing and syndication on third-party…
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Paramount Signs Andor Director Toby Haynes for New Star Trek Origin Film
Paramount Pictures is working on a new Star Trek film with director Toby Haynes and writer Seth Grahame-Smith. Star Trek director JJ Abrams’s studio, Bad Robot, has signed on to produce. The film will take place decades before the 2009 Star Trek movie, according to Deadline. The project will be an origin story and expand…
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Paramount is Reportedly Going to Be Sold At Auction To The Highest Bidder
Recently, we learned that Warner Bros. Discovery and Skydance Media are both in talks to buy a majority control of Paramount. Now, the New York Post has reported that Shari Redstone, the majority owner of Paramount, will sell her controlling stake of Paramount in an auction to the highest bidder. Currently, Paramount Global is controlled…
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Another Media Company is Reportedly in Talks To Buy Paramount
Skydance Media executives, led by CEO David Ellison, and other investors are discussing an “all-cash bid” to buy National Amusements, Paramount Global’s parent company, people familiar with the matter told The Wall Street Journal. National Amusements Currently, Paramount Global is controlled by media executive Shari Redstone. Redstone also controls National Amusements, which owns 77% of…