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On July 7, 2024, American media companies Skydance Media and Paramount Global announced a definitive agreement to merge in a deal valued at $8 billion, forming a new entity known as "New Paramount". The agreement values the newly formed entity at approximately $28 billion.
In August 2017, Skydance and Paramount renewed their slate deal for another four years to 2021, with the addition of Skydance's animated films for distribution. [16] On January 25, 2018, Tencent bought a 5% to 10% minority stake. [1] [17] Jun Oh was hired by Skydance Media as head of theatrical, interactive and legal affairs in October 2018. [18]
Ending months of M&A drama, Paramount Global and Skydance Media, David Ellison’s smaller media and production company, on Sunday announced a two-part transaction that will result in Skydance ...
Paramount Global, the sprawling media empire behind CBS, MTV, and one of Hollywood’s most storied movie studios, has agreed to merge with technology scion David Ellison’s Skydance Media ...
After months of talks, Paramount Global and Skydance Media officially announced a deal to merge Sunday night. Shari Redstone, non-executive chair of Paramount Global and its controlling ...
The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has ...
Skydance Media this week clinched a deal to merge with Paramount Global, and execs outlined a plan to cut costs and boost the combined company’s profitability in the years ahead. But the ...
On January 10, 2024, National Amusements was reported to be considering a deal or merger regarding Paramount Global, with Skydance Media considering an all-cash bid of $2.5 billion for the earlier company. [79] [80] During this time, Paramount announced it would be laying off 800 employees. [81]