Paramount announces $28B US merger with Skydance, a new era for famed Hollywood studio

  • 📰 CBCNews
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 99%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The main gate to Paramount Studios is seen on Melrose Avenue, July 8, 2015, in Los Angeles.

Entertainment giant Paramount will merge with production company Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape.The main gate to Paramount Studios is seen on Melrose Avenue in Los Angeles, on July 8, 2015. Entertainment giant Paramount will merge with production company Skydance.

Shari Redstone's National Amusements has owned more than three-quarters of Paramount's Class A voting shares through the estate of her late father, Sumner Redstone. She had battled to maintain control of the company behind blockbuster films such asJust weeks after turning down a similar agreement with Skydance, however, Redstone agreed to a deal on terms that had not changed much.

Leadership at Paramount has been volatile this year after its CEO Bob Bakish, following a number of disputes with Redstone, was replaced with an "office of the CEO," run by three executives. Four company directors were also replaced. Under Sumner Redstone's leadership, Viacom became one of the nation's media titans, home to pay-TV channels MTV and Comedy Central and movie studio Paramount Pictures.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 2. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Paramount Agrees to Skydance Merger, Marking End to Redstone EraParamount Global, the parent of CBS and MTV, agreed to merge with Skydance Media, handing control of a major Hollywood studio to independent producer David Ellison and ending one of the messiest and most dramatic merger deals in recent history.
Sumber: BNNBloomberg - 🏆 83. / 50 Baca lebih lajut »

Paramount Board’s Special Committee Approves Skydance MergerDavid Ellison inched closer to an acquisition of Paramount Global, the owner of MTV and CBS, as a special committee of the company’s board blessed a merger with his Skydance Media, according to a person with knowledge of the matter.
Sumber: BNNBloomberg - 🏆 83. / 50 Baca lebih lajut »

Entertainment giant Paramount agrees to a merger with SkydanceEntertainment giant Paramount, which owns CBS and was behind blockbuster films such as “Top Gun' and “The Godfather” has agreed to merge with Skydance, the...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »

Skydance Media Reaches Preliminary Paramount Merger AgreementIndependent film and TV producer Skydance Media has reached a preliminary agreement to buy Shari Redstone’s National Amusements Inc. and merge with Paramount Global, the parent of CBS and MTV, according to a person with knowledge of the matter.
Sumber: BNNBloomberg - 🏆 83. / 50 Baca lebih lajut »