News Around the Globe
By Steigrad Skydance is calling out a rival bidder for Paramount for allegedly attempting to derail the Hollywood studio’s merger with the media giant, claiming it has uncovered proof of …
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By Herzlich Tech billionaire Larry Ellison will control CBS parent Paramount Global after Skydance Media completes its purchase of the Redstone family’s interest in the film and TV company, according …
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By Elisa Media veteran Edgar Bronfman Jr pulled out of the race to take control of Paramount Global, he said on Monday. Bronfman’s bid relied on participation of high net …
Read More By Elisa Paramount Global wrote down the value of its cable networks by nearly $6 billion and announced it would cut 15% of jobs on Thursday, even as the company’s streaming business …
Read More By Steigrad Paramount Global executives revealed a plan to slash costs and find a partner for its streaming service – but shares fell nearly 5% Tuesday as hopes of a …
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By Kosman Paramount, controlled by media heiress Shari Redstone, has been conducting exclusive talks with Skydance on a potential deal – which has drawn backlash from investors who fear their …
Read More By Kosman The legendary investor – whose firm through super voting shares and common Paramount stock is the second leading voting shareholder next to media heiress Shari Redstone – added …
Read More By Elisa Paramount Global is laying off about 800 employees or roughly 3% of its workforce, a person familiar with the matter said, as the media company looks to cut costs and …
Read More By Thaler Apple and Paramount are reportedly in talks to bundle their streaming services at a discount – a possible bid to shore up subscribers amid brutal competition with rivals …
Read More By Elisa Paramount Global missed first-quarter revenue estimates on Thursday amid a weak advertising market in its TV business and cut its dividend. The company incurred a $1.7 billion charge in connection …
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By Steigrad Showtime slashed roughly 120 jobs as the premium cable network prepares to merge with its parent company’s flagship streaming service Paramount+, a company spokesperson confirmed. The job cuts …
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