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According to Paramount Global, the merger will inject significant capital into Paramount, helping to address its debt and enabling investments in new content and technologies. [44] It will support Paramount Global's expansion into other entertainment industries, such as animation, sports and video games, where it currently has less presence.
The 2019 merger of CBS Corporation and Viacom was announced on August 13, 2019, and was completed on December 4, 2019. The merger of equals reunited CBS Corporation and Viacom into a single company known as ViacomCBS (today known as Paramount Global) after their separation from the first incarnation of Viacom on December 31, 2005.
Several Paramount Theatres had opened or had been acquired in the United Kingdom during the 1930s before being sold to The Rank Organisation becoming part of the Odeon Cinemas chain in 1939. Epix (now MGM+) – 49.76% owner (with Metro–Goldwyn–Mayer and Lionsgate) from 2009 until 2017, when Paramount/Viacom and Lionsgate sold their stakes ...
“Paramount’s one of the great original studios,” Clooney said when the topic of Paramount being sold came up. “But some of it you just have no say in. Because the business, it’s all ...
When Redstone, currently chairwoman of the media empire, reached an $8 billion deal to merge Paramount with Skydance Media in July of last year, it seemed like everyone could finally take a breath ...
Paramount Global (NASDAQ:PARA) shares are trading higher after the company inked a definitive merger deal with Skydance Media to form “New Paramount” at an enterprise value of about $28 billion.
On July 7, 2024, Paramount's board approved the deal to merge with Skydance. [106] Under the final deal, which has an enterprise value of $28 billion, Ellison would be appointed as Chairman and CEO of what is currently being called "New Paramount" and former NBCUniversal CEO Jeff Shell would become company president. Before finalization ...
Since Viacom and CBS re-merged three years ago, Shari Redstone's company has seemed like a prime acquisition target