More From Dade Hayes
“Operation Fishbowl”: Major Paramount Shareholder Seeks More Skydance Merger Details As Legal Plot Thickens
Mario Gabelli, a major shareholder of Paramount and its predecessor companies for decades, is pressing for more information about the company’s pending merger with Skydance.
Specifically, the investor and fund manager wants to get more financial data and better clarity on the valuation of National…
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2 Comments Comment on “Operation Fishbowl”: Major Paramount Shareholder Seeks More Skydance Merger Details As Legal Plot Thickens
Redbox Owner Chicken Soup For The Soul To Liquidate In Chapter 7 Bankruptcy Shift; Workforce Of 1,000 To Be Let Go And 24,000 Kiosks Shut Down, Lawyer Says
Redbox parent Chicken Soup for the Soul Entertainment has shifted its bankruptcy filing from Chapter 11 to Chapter 7, meaning it will liquidate its business.
The company, sagging under the weight of nearly $1 billion in debt and a tall stack of unpaid bills, filed for bankruptcy protection on June…
NBA Inches Closer To Locking Up $76 Billion In Media Rights Deals
The NBA is moving ever closer to clinching a set of media rights deals worth a total of $76 billion, even as uncertainty continues to swirl around the league’s future with longtime partner Turner Sports.
NBCUniversal, Amazon Prime Video and Disney/ESPN have all finalized their packages, a person…
NBCUniversal To Air 24/7 Paris Olympics Coverage In 4K HDR On USA Network
In a boon to media aesthetes, NBCUniversal has confirmed it will deliver 4K HDR coverage of the Paris Olympics on USA Network.
Coverage using 4K HDR and Dolby Atmos audio technology will run on a 24/7 basis from the morning of July 24 through the evening of August 11.
It is generally agreed…
Paramount Stock Drops 5% On Skydance Merger News
Paramount Global stock fell 5% on Monday as investors absorbed details of the company’s merger agreement with Skydance Media.
The companies are targeting a closing of the deal in the third quarter of 2025. Skydance and its backers are investing $8 billion in Paramount in a transaction assigning the…
Paramount-Skydance Deal: Top Execs On Wooing Talent, Boosting Streaming And The Mantra That Persuaded Shari Redstone: “Don’t Take It Private, Break It Up And Kill It”
As news of Skydance Media’s merger with Paramount Global sank in across the media business, top execs from Skydance and chief backer RedBird Capital on Monday lifted the veil on negotiations, streaming plans, their regulatory outlook, Larry Ellison’s role and a host of other topics.
One question on…
Skydance Chief David Ellison Says Paramount Must “Not Be Paralyzed” During Long Run-Up To Merger Close; Asset Sales Can Continue In Interim
In the wake of Skydance Media’s landmark merger agreement with Paramount Global, Skydance CEO David Ellison acknowledged the need for patience during the road ahead before the deal is expected to close.
With about a year’s worth of regulatory review and preparation ahead of the projected…
Paramount President-To-Be Jeff Shell Says Linear TV Will Remain “A Strong Business For Decades To Come”
Jeff Shell, the former CEO of NBCUniversal who will become president at Paramount Global as part of Skydance’s pending takeover, is ultra-bullish on the future of linear TV.
“Obviously, linear is going to keep declining. I think we’re realistic about that,” Shell said during an investor call Monday…
Skydance Deal Will Help Paramount “Double Down On Core Competency” And Embrace Technology, David Ellison Tells Investors
Skydance Media chief David Ellison said an $8 billion investment by the company and its backers will enable Paramount Global to “double down on its core competency” and embrace technology.
Ellison, future Paramount president Jeff Shell and a handful of other stakeholders detailed their plans for the…
Top Of The Mountain: David Ellison’s Skydance Taking Over Paramount After $8 Billion Investment
David Ellison’s Skydance Media has announced Sunday night that it and its backers will invest $8 billion in a takeover of Paramount Global, capping a seven-month quest.
The company had received approval earlier Sunday from a special committee of Paramount’s board of directors. The full board then…
Skydance Media Gets Board Committee Approval For Control Of Paramount Global After Lengthy Chase
David Ellison’s Skydance Media has gained a key approval vote for the company’s proposed acquisition of Paramount Global controlling shareholder National Amusements Inc. after seven months of talks.
The deal was blessed Sunday by a special committee of Paramount’s board of directors, a person…
Discovery Shareholders Win $125M Settlement Of Lawsuit Alleging AT&T Merger “Wasn’t Entirely Fair” To Most Investors
Warner Bros. Discovery, which was formed in 2022 from the merger of AT&T’s WarnerMedia and Discovery Communications, has agreed to pay $125 million to settle a shareholder lawsuit over the deal.
A handful of pension funds filed suit in Delaware Chancery Court after the $43 billion merger closed…
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