Paramount and Skydance have struck a merger agreement. Hollywood's theater owners worry that continued consolidation in the industry will exacerbate production woes that have led to fewer film releases in recent years. Paramount and Skydance have long been production partners, co-financing and distributing around 30 films. More consolidation, more problems...

Hollywood theater owners are worried a Paramount-Skydance merger will usher in too much consolidation

One of Hollywood's oldest companies, Paramount Global, has agreed to merge with independent film studio Skydance Media. Under the deal, Paramount's non-executive chair Shari Redstone will sell her family's controlling stake in the company in a complex transaction that will result in a new firm worth around $28bn (£21.9bn).

Hollywood icon Paramount agrees $28bn merger deal

The Hollywood Reporter















	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.Skydance-Paramount Deal: How Wall Street Views the Details So Far




	Redstone “was incredibly gracious and kind,” Ellison recalls.




	The Skydance mogul spoke to reporters Monday, joined by Jeff Shell, who will be president of the new Paramount, as well as Gerry Cardinale, the founder of RedBird Capital, which backed the deal.




	“What’s very important for Shari and her family...

Jeff Shell and David Ellison Dish on Paramount Plans: It’ll Be “Creator-Friendly Again”

New York Post

Shari Redstone changed her mind, again! 

The media heiress  reached a preliminary agreement to sell her controlling stake in Paramount Global to  Skydance Media – just weeks after she walked away from a deal between the two sides, according to multiple reports Tuesday.

Redstone, who controls the entertainment giant through her 77% stake in family firm National Amusements, informed a special committee of the Paramount Global board  she had reached a deal, two sources told Reuters.





The special committee is now evaluating whether to combine Paramount, home of the namesake studio, CBS and Nickelodeon, with Skydance – run by tech heir David Ellison,...

Shari Redstone reaches preliminary deal to sell controlling stake in Paramount to Skydance Media for $1.75B

Variety


				













	Even after clinching a deal with Skydance Media, Paramount Global has the right to shop around for a better offer in a 45-day window. But if Paramount agrees to accept a more attractive buyout deal, it would be on the hook to pay Skydance a $400 million breakup fee, David Ellison, founder and CEO of Skydance, told investors on a call Monday morning.Shari Redstone Tells Paramount Employees Skydance 'Has a Clear Strategic Vision for the Future'; Co-CEOs Say in Memo 'It's Business as Usual' for Now




	Under agreement with Skydance and financial backer RedBird Capital Partners, the special committee of Paramount’s...

Paramount Global Will Pay Skydance $400 Million Breakup Fee if It Lands a Better Offer

Wide Open Eats

Top Gun: Maverick took over the world in 2022. People spent decades waiting on a potential followup 1986 blockbuster. After a while, it felt helpless. Maybe there isn't any material for a second one. Maybe Tom Cruise works on another project, probably an additional installment to the Mission: Impossible series. But Maverick finally comes out and it becomes one of the biggest box office hits of all time. Now, people aren't quite ready to let go the idea of a trilogy.

Jerry Bruckheimer Has Some Bad News For Top Gun 3

Cinemablend

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Paul Lee, 28, moved to Bangkok, Thailand from NYC three years ago. He lives in a 650-square-foot one-bedroom apartment in the Thonglor neighborhood, which Paul says is "the SoHo of Bangkok." The apartment came furnished, and Paul has access to amenities, including a pool and a gym.

I left the U.S. for Thailand — look inside my $544/month apartment

Business Insider

David Ellison, the 41-year-old son of Oracle billionaire Larry Ellison, is set to become one of Hollywood's youngest moguls with his Paramount deal.

Meet David Ellison, Larry Ellison's son who is about to take over at Paramount

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Afrotech

A new update regarding the potential sale of BET has been revealed. According to Bloomberg, Paramount is reportedly in talks with BET CEO Scott Mills and CC Capital Founder Chinh Chu, who are looking to buy the network. Bloomberg’s anonymous sources share that the group is aiming to offer $1.6 billion to $1.7 billion. The… Continue reading Paramount Reportedly In Talks To Sell BET To The Network’s CEO Scott Mills And Others Despite Byron Allen’s Previous Offers

Paramount Reportedly In Talks To Sell BET To The Network’s CEO Scott Mills And Others Despite Byron Allen’s Previous Offers

Aidan Gomez is the CEO and co-founder of Cohere and he's been at the center of generative AI since its early days. He was an intern at Google in 2017, when he helped write the foundational paper that conceptualized the transformer - the tech that makes generative AI possible. Now he's focused on building generative AI models for companies instead of consumers. CNBC's Steve Kovach sat down with Gomez to talk about the burgeoning tech and specific ways his models will boost profits for companies.

Cohere CEO Aidan Gomez on how generative AI will bring more profit to companies

People in their 30s may be a long way off from their retirement savings goals, but they have plenty of time to get on track. On average, Americans say they'll need around $1.46 million saved up to retire comfortably, according to Northwestern Mutual's "2024 Planning and Progress" study. And for millennials, the majority of whom are in their 30s, that number is a little over $1.6 million.

Here's how much money Americans in their 30s have in their 401(k)s

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News Update - The Look Ahead

New York City, NY

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The e-Texan

New York – As Trump anticipates his sentencing on July 11th in the New York hush money case, Florida Judge Aileen Cannon made a ruling this Monday. Despite rejecting Trump’s legal team's request to dismiss several charges in the classified documents case, she conceded on a minor point. She removed a portion of the charges that referenced an uncharged allegation, but upheld the other charges.

Legal expert says Trump should not be jailed after New York guilty verdict because he is ‘too old’

IndieWire
















The growing chasm between HBO and Max has widened to the point where you could fit a Mountain of Entertainment(™) through the two. But why would you want to?'Outer Range' Canceled at Amazon After 2 Seasons



Warner Bros. Discovery and Paramount Global are engaged in talks to combine streamers Max and Paramount+, according to CNBC. Such a merger could be the lifeline Paramount+ so desperately needs and would bring HBO/Max closer to the magic 200-million-subscribers mark; Paramount+ has more than 71 million global streaming subscribers, WBD’s direct-to-consumer platforms combine for about 100 million subs (most are Max). Or it could be...

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Gloucester County, NJ

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Franklinville, NJ

Morristown Minute

FRANKLINVILLE, N.J. -A Gloucester County, New Jersey, man admitted today that he defrauded the government of more than $200,000 in Social Security and Medicaid benefits, U.S. Attorney Philip R. Sellinger announced.

Man Guilty of $200K Social Security & Medicaid Fraud

NewsBreak

Paramount agrees to merge with Skydance, ending monthslong negotiations and Redstone era

Paramount Global has agreed to merge with Skydance, capping off a monthslong negotiation, in a deal that would see the...

Paramount agrees to merge with Skydance, ending monthslong negotiations and Redstone era

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