Is Paramount+ down before the Super Bowl?
(NEXSTAR) — Super Bowl LVIII is scheduled to kick off at 6:30 PM ET in Las Vegas, but those trying to watch pregame on Paramount+ may encounter the unfortunate sight of a frozen screen. yeah. Paramount+ users are reporting problems accessing CBS’ streaming service starting around 5pm ET, when many wanted to watch the Super […]
Byron Allen offers to buy Paramount Global for $14B
Laura Martin, senior media and internet analyst at Needham & Company, discusses Netflix’s wild trading range ahead of earnings on Making Money. Inner mogul Byron Allen The company is making another bid to buy Paramount Global after its bid last year failed to gain traction. Allen Media Group has offered $14.3 billion to acquire Paramount […]
Paramount board mulls sale as Byron Allen submits $14B bid
Paramount has taken the first steps toward a potential sale of the entertainment giant, despite media mogul Byron Allen’s proposed $14 billion takeover bid, the Post reported. The company’s board has established an independent committee outside of Shari Redstone, the media heiress who owns a controlling interest in Paramount, to consider strategic alternatives, including a […]
David Ellison’s SkyDance Media wants to take Paramount take private
David Ellison's Skydance Media and its financial backers are reportedly considering a deal to take Paramount Global private. Skydance — the film and television studio run by Ellison, son of Oracle founder Larry Ellison — has exchanged preliminary information with Paramount. CNBC reported Wednesday night.said an anonymous source. Full due diligence has not yet begun, […]
Paramount CEO Bob Bakish of layoffs amid takeover talks
Paramount Global CEO Bob Bakish said Thursday that the company will cut jobs in an effort to reduce spending and become a leaner company. Bakish said the entertainment industry faces a weak advertising market, the recent Hollywood double strike and a “volatile” macroeconomic environment as it transitions from traditional film and television to streaming. Ta. […]
Media heiress Shari Redstone receives preliminary offer for Paramount parent: report
Skydance Media CEO David Ellison has made a preliminary proposal to buy the Redstone family's holding company, National Amusements, as a way to take control of Paramount Global. Bloomberg News reported Wednesday. After Ellison, the son of Oracle founder Larry Ellison, assumed control, he discussed merging with Paramount and Skydance Media, the newspaper reported, citing […]
Paramount Global braces for hundreds of layoffs: report
Paramount Global is sharpening its ax in preparation for a wave of massive layoffs that could hit as many as 800 jobs, according to a new report. The debt-laden entertainment giant, which is up for sale, plans to begin cutting hundreds of jobs in February. Deadline reported Late Sunday. Here's the news Wall Street Journal […]
Paramount Set to Lay Off ‘Hundreds’ Across Nearly All Divisions in Latest Hollywood Bloodbath
Paramount Global, the parent company of CBS, Paramount Pictures, Showtime and numerous other media properties, reportedly plans to lay off “hundreds” of employees across nearly every division. The impending layoffs represent Hollywood's latest disaster, following layoffs at other companies including Disney, NBCUniversal, Amazon MGM Studios and Universal Music Group. Hollywood is feeling the squeeze on […]
Shari Redstone banker tied to Warren Buffett amid Paramount sale talks
Shari Redstone's investment banker has made some unusual moves as it explores a possible sale of its Paramount Media empire. And that's fueling even more gossip surrounding the high-profile trade negotiations. Last May, National Amusements, the holding company that controls 10% of the stock and 80% of the voting stock of Paramount Global, owner of […]
William Shatner Says ‘Self-Righteous’ Paramount Erasing Captain Kirk
Living legend William Shatner tells the truth about how the “self-righteous” and “enlightened” people at Paramount are eliminating someone who is “blackmailed” by James Tiberius Kirk. It all started when a fan on Xwitter asked the 92-year-old superstar what he thought about the news that Paramount+ was making the movie. Star Trek: The Next Generation […]