Paramount, Warner Bros. and Skydance deals
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Employees, about 16,000 of them, are sitting on one of the best stock trades in the media business in recent years.
Paramount beat off competition from Netflix to take over Warner Bros., which owns CNN, in a deal that has raised some concerns.
Deep in the middle of a tough reelection campaign, Karen Bass has discovered the middle of the road can be a very politically dangerous place with few good options. To that, the incumbent Mayor has today snagged the Hollywood production and competition proposals of her most threatening rival.
Paramount and Warner Bros. are two of Hollywood’s oldest studios. A merger would mean fewer companies control legacy film production.
Paramount Skydance is asking the Federal Communications Commission to approve the Middle East's equity investment in its $110 billion merger with Warner Bros. Discovery. According to a public notice by the FCC on Monday,
While David Ellison has set a lofty goal for Paramount to release 30 films a year, there's no recent precedent for such a haul.
Sam Liccardo (D-CA) wants the FCC to deny Paramount's request that would allow Middle East funds and other foreign investors to acquire nearly half of it equity.