By Gary Symons TLL Editor in Chief Caption: David Ellison claims the board of Warner Bros. Discovery has failed to properly consider its offer, and to put it in front of shareholders. Paramount has launched a full takeover battle against rival Netflix, making a $108 billion offer to buy Warner Bros. Discovery. That's despite the fact WBD's board of directors … [Read more...] about Paramount Goes to War With Hostile Bid to Acquire Warner Bros. Discovery
David Ellison
Variety Reports Paramount Skydance to Lay Off 2,000+ Workers
By Gary Symons TLL Editor in Chief More than 10% of Paramount's employees will be laid off in the coming weeks, as the newly merged Paramount Skydance company begins expected cost cutting measures. The news will come as a shock but not a surprise to affected employees, since major job cuts were expected well before the merger between Skydance Media and Paramount Global … [Read more...] about Variety Reports Paramount Skydance to Lay Off 2,000+ Workers
Paramount Skydance Bidding for Warner Bros. Discovery Takeover
By Gary Symons TLL Editor in Chief Earthshaking news for the entertainment and licensing industries, as Paramount Skydance is preparing a potential bid to acquire Warner Bros Discovery, Reuters reported Thursday, citing a source familiar with the bid. The move could unite two of Hollywood’s largest and most successful studios, and reshape the global entertainment industry. … [Read more...] about Paramount Skydance Bidding for Warner Bros. Discovery Takeover
Skydance-Paramount Complete Controversial Merger
By Gary Symons TLL Editor in Chief Paramount Global and Skydance Media finally completed their long-awaited $8.4 billion merger on Thursday, capping a drawn-out deal process marked by political scrutiny and shareholder concerns. Renamed "Paramount Skydance Corp", the company's Class B shares began trading on the Nasdaq under the ticker symbol PSKY on Thursday, under … [Read more...] about Skydance-Paramount Complete Controversial Merger
Skydance Unveils New Board Members for Post-Merger Paramount
By Gary Symons TLL Editor in Chief Skydance Media has revealed its full slate of board appointees for the soon-to-be-formed Paramount Skydance Corporation. The board appointments mark a major milestone in the studio’s proposed merger with Paramount Global, a corporate marriage that has recently received the blessing of the FCC. David Ellison, Skydance founder and CEO, will … [Read more...] about Skydance Unveils New Board Members for Post-Merger Paramount
$8 Billion Skydance Merger To Create ‘New Paramount’
By Gary Symons TLL Editor in Chief A seismic shift in the American entertainment scene happened today as Paramount Global has accepted a merger offer from Skydance Media. The two companies have entered into a definitive agreement to form a new company called 'New Paramount', which the parties say will be a "next-generation media and technology leader." The deal is … [Read more...] about $8 Billion Skydance Merger To Create ‘New Paramount’