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A Vegas gambler, a Hollywood power player and the legal fight roiling Paramount In August 2024, media executive Jeff Shell made his way to his lawyer’s office in the Los Angeles neighborhood of Century City to meet someone he had been told was behind nasty rumors about him. Shell had spent the past year patching …
Fitch has downgraded Paramount’s debt to junk status and put the media giant on a negative credit watch over uncertainty related to its $110 billion merger with Warner Bros. Discovery, warning that its leverage and free cash flow “may remain outside negative rating sensitivities” for longer than anticipated. The firm said the downgrade reflects “competitive …
Netflix is walking away from a deal to buy Warner Bros. Discovery’s studio and streaming assets after the WBD board on Thursday deemed a revised bid by Paramount Skydance to be a superior offer. Earlier this week, Paramount raised its bid to buy the entirety of WBD to $31 per share, up from $30 per …
The Washington Post lost more than $100 million last year, according to a Wall Street Journal report, a substantial shortfall that led the paper to lay off a third of the company earlier this month. The Post’s leaders had been vocal about the financial challenges amid changing consumer habits, but have not shared precise numbers …
After weeks of back and forth, the battle for control of the media company Warner Bros. Discovery may be tilting toward Paramount. Warner Bros. directors are leaning towards opening negotiations with the Ellison-backed company, according to people familiar with the matter. That would open the door for Paramount to further improve its bid, should Warners’ …
Paramount spent between 6-10 million an episode on Star Trek: Starfleet Academy. They put the premiere on YouTube for free and got 1300 live viewers. RIP Star Trek pic.twitter.com/1J0JJQwXR1 — Nerdrotic (@Nerdrotics) January 15, 2026 Star Trek 2026… Beyond parody… pic.twitter.com/tf8KOpxmgm — End Wokeness (@EndWokeness) January 10, 2026 The Federation survived the Klingons, Borg, and …
One weekend in 2006, Dean Devlin, a movie producer, was driving across Los Angeles to deal with an emergency. His new movie, Flyboys, had opened that weekend to reviews so bad that one of the stars had abruptly checked into the hospital. On his way to visit the actor, another potential crisis appeared on his …
Source: https://finance.yahoo.com/news/oracles-larry-ellison-agrees-to-backstop-404-billion-in-financing-for-paramount-acquisition-of-warner-bros-145133265.html Shares in Paramount Skydance (PSKY) and Warner Bros. Discovery (WBD) spiked Monday after Larry Ellison, the centibillionaire founder and executive chairman of Oracle (ORCL), agreed to personally backstop $40.4 billion in equity financing for Paramount’s proposed acquisition of Warner Bros. Paramount stock rose over 4%, while Warner Bros. shares rose by over 3.5%. In a securities …
The board of Warner Bros. Discovery officially rejected David Ellison‘s $30 per share hostile bid for the company, telling shareholders that it remains “inferior” to the Netflix deal, and carries “numerous significant risks and costs on WBD.” With the rejection official, Paramount will need to persuade WBD shareholders to tender their shares at that price, …
David Ellison-run Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery. Paramount will go straight to WBD shareholders with an all-cash, $30-per-share offer. Netflix won a bidding war for the Warner Bros. film studio and HBO Max streaming service, but it doesn’t plan to buy WBD’s TV networks. Paramount has repeatedly argued …
Paramount will reportedly release Rush Hour 4 after Donald Trump personally requested the revival of the action franchise. The US president is understood to have urged Larry Ellison, the billionaire Oracle founder who owns Paramount, to release the next iteration of the buddy-cop series starring Jackie Chan and Chris Tucker. It has been almost two …
The comedian talks about the suppression of political speech under Donald Trump, why social media doesn’t mix well with democracy, and the future of “The Daily Show.” https://www.newyorker.com/culture/the-new-yorker-interview/will-paramount-cancel-jon-stewart CBS News is learning that several million dollars go a long way to healing a relationship with President Donald Trump. The president spent months fuming at CBS …
Warner Bros. Discovery said Tuesday it’s expanding its strategic review of the business and is open to a sale, sending shares of the company 8% higher in premarket trading. Earlier this year, WBD announced plans to split into two separate entities, a streaming and studios business and a global networks business. It’s also been fielding …
Paramount Skydance is about to put Bari Weiss in charge of CBS News. This is not a small shuffle. Weiss has built a career on provocation and taking sides. She will report directly to Paramount CEO David Ellison, bypassing CBS leadership. That means she will have almost total control over what millions of Americans see …
The most powerful media empire in America is being built quietly. Not in boardrooms or broadcast studios, but inside the family office of Larry Ellison. While headlines chase scandals and elections, Ellison has moved with precision to take control of CBS, Paramount, TikTok’s U.S. operations, and now CNN. This is not a vanity collection. It …
Long-gestating speculation about a sale of Warner Bros. Discovery burst out into public view on Thursday after the Wall Street Journal reported that Paramount’s new owners are preparing a bid for the rival media company. Analysts told CNN that the potential offer from Paramount is likely the beginning of a bidding war for Warner Bros. …
Here comes a plot twist: As Skydance Media and RedBird Capital Partners work to close the Larry Ellison-backed takeover of Paramount Global this spring, a consortium of investors who previously bid on the storied media conglomerate is mounting an eleventh-hour $13.5 billion offer. Variety has obtained a legal letter that is being sent to Paramount’s …
Paramount Global announced on Tuesday it would be shutting down its TV studio, laying off thousands amid the industry’s uncertain future. The company announced that Paramount Television Studios will be shutting down later this week. In a memo to staff on Tuesday morning, president Nicole Clemens said the overall transformation in the industry has affected …
Paramount Global, the storied media conglomerate, announced Thursday it will lay off 15% of its US staff and write down $6 billion in value of its cable television networks as it prepares to merge with Skydance Media. The layoffs, which will affect around 2,000 staffers in the coming weeks, are part of Paramount’s bid to …
🚨🇺🇸 TOM CRUISE BUYS PARAMOUNT Shari Redstone, the controlling shareholder of TV giant Paramount Global, has reached an agreement to sell her stake in the company to Skydance Media, owned largely by Tom Cruise. Source: Reuters pic.twitter.com/2wPVGpADLE — Mario Nawfal (@MarioNawfal) April 3, 2024 April 3 (Reuters) – Paramount Global’s (PARA.O), opens new tab board …
Paramount Global is laying off hundreds of employees, just one day after the company announced CBS had record Super Bowl viewership, Chief Executive Officer Bob Bakish said Tuesday in an internal memo to employees. Paramount will lay off about 800 people, or an estimated 3% of its workforce, according to a person familiar with the …
Paramount Global — the parent company off CBS, Paramount Pictures, Showtime, and numerous other media properties — is reportedly set to lay off “hundreds” of employees across nearly all of its divisions. The impending cuts represent the latest Hollywood bloodbath following layoffs at other corporations, including Disney, NBCUniversal, Amazon MGM Studios, and Universal Music Group. …
William Shatner says Paramount is ‘erasing’ Captain Kirk, blames those ‘threatened’ by the character The 92-year-old actor mused on the subject when X users asked him about his feelings on Paramount+ making a movie with actor Patrick Stewart reprising his role in the universe as Captain Jean-Luc Picard. One user asked Shatner, “@WilliamShatner what do …