Has anyone heard any updates since this came out a few weeks ago? News has been quiet.
Distribution : Shari Redstone reportedly in talks to sell Paramount parent to Skydance by Amanda Toney
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1 year ago
Shari Redstone reportedly in talks to sell Paramount parent to Skydance
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I haven't seen anything new since this Dec. 15th article in Deadline but it presents the lay of the land pretty clearly. https://deadline.com/2023/12/paramount-merger-acquistition-plans-shari-r...
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Nothing further yet - however Parmount's stock is up 40% on rumors, so someone knows what's afoot!
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Amanda Toney Nothing new on my end either. But I did see this one today between Bob Iger and Ike Perlmutter. https://www.hollywoodreporter.com/business/business-news/bob-iger-ike-pe...
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Stock prices are always telling Jack Binder! Thanks for the share @sam and @debbie!
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No, I haven't heard any updates.
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Part of the inevitable collapse of the industry. Late 2022 Disney floats selling to Apple... isn't expected to be able to recover it's losses until well into 2025... ~$5B or NetFlix's near $15B debt coming due in the next three years.... just to start. Won't be surprised to see most of the MPA members have to sell out soon.
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They continue to have strong properties and I am not just talking about their IP or Studios but rather their streaming apps and global equity interests as well. And eventhough the success of Taylor Sheridan's Universe has been helpful for them - they continue to bleed cash. Hopefully their D2C bundling strategy will give some pause in Q1 2024 (https://www.theverge.com/2023/12/1/23983872/apple-and-paramount-discuss-...), before we hear more about their selling plans. Just a gut feeling.
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Okay. 24hrs after I post the above, this happens (https://www.usatoday.com/story/money/2023/12/20/warner-bros-paramount-me...). Fun!!!!