Skydance
Credit Agencies Warn That Paramount’s Legacy Businesses Are a Concern, Despite Skydance Deal
The credit agencies are weighing in on Paramount Global, fresh off the deal that would hand control over the entertainment giant to David Ellison’s Skydance. Moody’s warned in a note that it is placing Paramount’s ratings on review for a downgrade, a move that would rate the company’s debt at “junk” status. “The review for […]
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What Now for Paramount? How Things Will (or Won’t) Likely Change
Skydance’s deal to take control of Paramount Global will mean a change in leadership at the company, something the storied studio has dealt with a number of times in the past 60 years, and the inevitable restructuring and layoffs that almost always accompany corporate mergers. But how will the deal affect the end users of […]
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Tyler Perry, John Krasinski, Mark Wahlberg and More React to Paramount-Skydance Deal: “I’m Thrilled”
Major Hollywood players, and those in business with Paramount Global and Skydance, publicly praised the deal, calling the merger “a win for the industry” and a “match made in movie heaven.” Assuming the deal is approved by regulators and completed, David Ellison’s Skydance will acquire Shari Redstone’s majority stake in National Amusements, which in turn […]
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Jeff Shell and David Ellison Dish on Paramount Plans: It’ll Be “Creator-Friendly Again”
Late Sunday night, after the consortium led by David Ellison’s Skydance sealed the deal to ultimately gain control of Paramount Global, Ellison spoke with Shari Redstone, who controlled the company through her family’s National Amusements and ultimately made the call to sell the family business. Redstone “was incredibly gracious and kind,” Ellison recalls. The Skydance […]
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David Ellison and Jeff Shell Say Paramount Can Be “Winner” in Streaming, Plan $2B in Cost Savings
The incoming owners of Paramount Global laid out their vision for the company — and why the deal is a good one for investors — in a call with Wall Street analysts early Monday morning. Skydance CEO David Ellison, former NBCUniversal CEO Jeff Shell (who would be Paramount’s president when the deal closes) and Paramount’s […]
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It’s Official: Skydance Wins the Battle for Paramount Global
In a landmark deal that will shake up the entertainment landscape, Shari Redstone has agreed to sell control of Paramount Global to a consortium led by Skydance, the production company helmed by David Ellison, and Gerry Cardinale’s RedBird Capital. The sale, assuming it is approved by regulators and completed (and assuming a better bid does […]
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New Paramount-Skydance Deal Nears Finish Line As Board Special Committee Signs Off
A consortium led by David Ellison’s Skydance is nearing the finish line on its new deal to acquire Paramount Global. According to sources, Paramount’s special committee has signed off on the refreshed deal from Skydance, RedBird Capital and other investors. A month ago, of course, Skydance was close to sealing the deal, but Shari Redstone […]
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Mark Wahlberg, Paul Walter Hauser to Star in Peter Farrelly’s ‘Balls Up’ for Amazon MGM
Mark Wahlberg and Paul Walter Hauser are ready to get their kicks with a new action-comedy movie from director Peter Farrelly. Farrelly is set to reunite with Amazon MGM Studios on Balls Up, which hails from Skydance. Paul Wernick and Rhett Reese (Deadpool & Wolverine) wrote the script for the feature that focuses on two […]
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Skydance CEO David Ellison Tells Staff Company Is “Stronger” Thanks to Paramount Talks: “We Will Keep Building”
Skydance Media CEO David Ellison acknowledged in an email to staff Tuesday evening that the company will not be assuming control of Paramount, after Shari Redstone ended talks following months of difficult negotiations. A source said that talks stalled over multiple issues, including the valuation of Redstone’s National Amusements, a desire to have non-Redstone Class […]
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No Deal: Shari Redstone Ends Talks on Skydance Offer for Paramount Global
No deal. Shari Redstone has ended talks on the latest offer for Paramount Global from the consortium led by Skydance and RedBird Capital, placing the future of the entertainment company into a fresh period of uncertainty, a source confirms to The Hollywood Reporter. A spokesperson for the Redstone-run National Amusements, which controls Paramount, stated that […]
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Why Is Shari Redstone so Upset?
By the time you read to the end of this sentence, Shari Redstone may have made a deal with David Ellison’s Skydance. Or not. Days after reports that Skydance had finally come to an agreement with Paramount’s special committee, there has been a pregnant pause as Redstone considered whether to pull the trigger on a complicated […]
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‘Moana’ Co-Director Don Hall Inks Deal With Skydance Animation
Skydance Animation is getting into business with Oscar-winning filmmaker Don Hall. Hall, known for such Disney movies as Big Hero 6 and the original Moana, has closed a deal with the company. The pact will see him create, develop and produce an original animated feature for Skydance, although project details are not currently available. The […]
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