Tag

Paramount

All articles tagged with #paramount

business1 day ago•16 min saved

Paramount-Skydance Restructure Debt to Back WBD Merger

Paramount Skydance restructured debt financing for its proposed $111 billion Warner Bros. Discovery deal, reducing long‑term debt commitments from $54B to $49B, axing the $3.5B revolver, and boosting liquidity to $5B ahead of closing; permanent financing now envisions a $5B Term Loan A and a $5B revolver in the combined entity, with bridge facilities syndicated across 18 banks, while equity funding from Saudi Arabia, Qatar, Abu Dhabi and LionTree—about $24B in total including roughly $10B from Saudi PIF—supports the merger pending regulatory and shareholder approvals.

via Variety|

#business #debt-financing #merger

business1 day ago•14 min saved

Paramount Secures Financing as It Advances Warner Bros. Discovery Merger

Paramount completed the syndication of a bridge facility and arranged permanent financing with 18 lenders to back its planned merger with Warner Bros. Discovery, trimming bridge commitments from $54 billion to $49 billion and eliminating the $3.5 billion revolving facility while boosting liquidity to $5 billion via a new senior unsecured revolving line. The bridge debt has been syndicated to a larger group of banks to reduce exposure to the three main lenders. The company also secured roughly $24 billion in equity from Middle East investors, including Saudi Arabia’s sovereign wealth fund, and expects the merger to close in Q3, with WBD shareholders receiving $31 per share in cash upon closing, subject to regulatory approval and a shareholder vote.

via Deadline|

#business #debt-financing #middle-east-investors

business2 days ago•18 min saved

Paramount Signals Continuity as Jeff Shell Exits Without Immediate Replacement

Paramount is unlikely to replace president Jeff Shell, relying instead on a deep leadership bench and ongoing executive moves around CEO David Ellison as the Warner Bros. Discovery deal nears completion; insiders say the board’s handling of Shell’s exit followed standard procedure and precedent suggests continuity rather than disruption.

via Deadline|

#business #executives #jeff-shell

business2 days ago•4 min saved

Paramount chief resigns amid fraud suit in high-stakes Vegas dispute

Paramount President Jeff Shell is stepping down after eight months amid a legal battle with Las Vegas gambler R.J. Cipriani, who alleges fraud and breach of contract; Shell denies the claims and Cipriani’s allegations are disputed, with Paramount's Gibson Dunn review finding no securities-law violations. Shell also resigns from Paramount’s board to focus on the case as Paramount Skydance advances its merger plans with Warner Bros. Discovery and navigates regulatory approvals.

via Los Angeles Times|

#business #cipriani #jeff-shell

business2 days ago•15 min saved

Paramount Bets on Books with Global Publishing Arm

Paramount Global launches Paramount Global Publishing, a new imprint to expand its franchises and develop original IP across print, digital, and audio, starting in the U.S. and Canada with international expansion to follow. Amy Jarashow will lead global publishing, reporting to Josh Silverman, as Paramount handles book development and distribution plans with title and partner announcements to come.

via Deadline|

#business #franchises #imprint

business2 days ago•16 min saved

Paramount Chief Jeff Shell Exits Amid Probe and Lawsuit

Paramount president Jeff Shell is stepping down amid an internal investigation connected to a lawsuit from RJ Cipriani alleging Shell disclosed non-public information; Paramount says the review found no securities violations, while Cipriani and Shell are suing each other; Shell had joined Skydance’s bid to acquire Paramount, with the mega-merger looming.

via The Hollywood Reporter|

#business #cipriani #departure

television12 days ago•19 min saved

Andy Weir’s Trek Pitch Rejected; He Slams Modern Star Trek

Andy Weir says Paramount rejected his Star Trek pitch and, on the Critical Drinker podcast, blasted today’s Star Trek while noting his appreciation for Strange New Worlds. He recalls pitching the idea in a Zoom session with Trek showrunners and Alex Kurtzman, and makes clear he dislikes the franchise’s current emphasis on social commentary. The remarks come amid the ongoing success of his novel Project Hail Mary and a broader discussion of Trek’s direction.

via gizmodo.com|

#andy-weir #critical-drinker #paramount

entertainment13 days ago•37 min saved

Andy Weir says Paramount rejected his Star Trek pitch, blasting modern Trek as 'shows are sh**'

Andy Weir, author of Project Hail Mary, revealed on a podcast that Paramount rejected his Star Trek pitch and he criticized contemporary Star Trek as lacking, noting he participated in a Zoom with showrunners and that Starfleet Academy is ending; Paramount+ Trek projects are currently paused, and comments from Paramount were sought as Kurtzman’s future with the franchise looms.

via Yahoo News UK|

#andy-weir #entertainment #paramount

entertainment13 days ago•18 min saved

Weir Critiques Modern Star Trek, Claims Paramount Rejected His Trek Pitch

Bestselling author Andy Weir says Paramount rejected his Star Trek pitch and he criticized contemporary Trek shows on the Critical Drinker podcast; he also recounted pitching a Trek series that Paramount declined and commented on Starfleet Academy's cancellation, while noting his mixed feelings about the current Trek lineup and praising some entries like Strange New Worlds.

via The Hollywood Reporter|

#andy-weir #critical-drinker #entertainment

television15 days ago•15 min saved

The Madison Breaks Sheridan-Driven Streaming Records on Paramount+

Paramount+’s Taylor Sheridan-created series The Madison debuted to 8 million views in its first 10 days, marking the biggest launch ever for a Sheridan series and drawing especially strong viewership among women 35 and older; the show has already been renewed for a second season, with Pfeiffer and Russell leading the cast.

via Variety|

#paramount #renewal #taylor-sheridan

entertainment15 days ago•15 min saved

The Madison Sets a Record as Sheridan’s Biggest Paramount+ Debut

Paramount+'s The Madison, Taylor Sheridan's family drama, premiered March 14 on Paramount+ and drew about 8 million global viewers in its first 10 days, marking the biggest original-series debut for a Sheridan project on the streamer and the strongest freshman launch among his shows with women 35 and up. The six-episode series stars Michelle Pfeiffer and Kurt Russell, introduces the Clyburn family from New York City to Montana, and has already been renewed for a second season. Produced by Paramount Television Studios, 101 Studios and Bosque Ranch Productions, the show comes as Sheridan signs a deal to move to Universal in 2029; critical reception was mixed (about 60% critics, 74% audience on Rotten Tomatoes).

via The Hollywood Reporter|

#8-million-viewers #entertainment #paramount

entertainment18 days ago•4 min saved

Paramount+ Closes Starfleet Academy After Two-Season Run

Paramount+ has canceled Star Trek: Starfleet Academy after a two-season run; Season 2 was completed in post-production and is expected to air next year, but no further installments will be produced. The youth-skewed series polarized fans and drew mixed responses online, while other Trek projects like Strange New Worlds will continue (S4 and an already-filmed S5 planned for 2027). The studio has also teased a broader franchise reboot/overhaul under new leadership, and CBS Studios/Paramount+ praised the cast and crew in announcing the news.

via Dark Horizons|

#cancellation #entertainment #fandom

television18 days ago•16 min saved

Starfleet Academy Bows Out After Its Second Season

Paramount+ will end Star Trek: Starfleet Academy after its second season; despite positive reviews for season 1, the 10-episode series failed to crack Nielsen’s Top 10 streaming charts, and Paramount appears to be prioritizing movies over TV following the Skydance merger, though other Trek projects such as Year One and a live-action Trek comedy are reportedly in development.

via Gizmodo|

#cancellation #paramount #season-2

entertainment18 days ago•7 min saved

Yellowstone Spinoff Dutton Ranch Stakes Texas Debut on Paramount+

The Yellowstone universe continues with the Texas-set spinoff Dutton Ranch, reuniting Kelly Reilly and Cole Hauser as Beth Dutton and Rip Wheeler. The nine-episode first season premieres May 15 on Paramount+ with an initial two-episode debut, as Beth and Rip relocate from Montana to Texas and confront a ruthless rival ranch alongside a cast that includes Ed Harris and Annette Bening.

via Fox News|

#beth-dutton #dutton-ranch #entertainment

entertainment18 days ago•60 min saved

Starfleet Academy to End With Season 2 as Trek’s Future Focuses on Films

Paramount+: Star Trek: Starfleet Academy will conclude with its second season, which has wrapped production, and the studio released an official statement along with a showrunner letter indicating the finale will close the story with a cliffhanger. There is no Season 3 or current Trek TV in production, while Kurtzman’s Trek role and the franchise plan are in flux amid corporate changes; Paramount reiterates its commitment to Star Trek and is pursuing multiple film projects (including one from Goldstein and Daley). Season 2 is expected to premiere in 2027.

via TrekMovie.com|

#alex-kurtzman #entertainment #noga-landau