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Paramount Skydance

All articles tagged with #paramount skydance

business1 day ago•7 min saved

Zaslav Could Earn a Record $887 Million Golden Parachute in Warner Deal

Warner Bros. Discovery CEO David Zaslav could collect up to $887 million in a severance package if the company is acquired by Paramount Skydance in a $111 billion deal, including about $335 million to reimburse excise taxes. The compensation vote is nonbinding while shareholders vote on the sale, which is expected to trigger layoffs and cost cuts as the two studios and TV networks are consolidated. The arrangement has drawn criticism from ISS, highlighting the vast portion of the payout coming from stock vesting and the tax gross-up, amid broader concerns about debt and regulatory scrutiny surrounding the deal.

via Los Angeles Times|

#business #executive-compensation #golden-parachute

business1 day ago•17 min saved

Shell Exits Paramount Skydance With At Least $5 Million Severance

Jeff Shell, resigning as Paramount Skydance president amid a breach‑of‑contract lawsuit, will receive at least $5 million in cash (based on his $3.5 million base salary plus a $1.5 million target bonus) over 12 months, plus accelerated vesting of certain stock units and a one‑time $75 million RSU grant accelerated vesting, plus up to 12 months of company‑subsidized health coverage, all subject to signing a separation agreement and covenants.

via Variety|

#breach-of-contract #business #jeff-shell

business1 day ago•17 min saved

ISS Urges WBD Holders to Reject Zaslav’s $550M+ Golden Parachute in Paramount Deal

Proxy adviser ISS recommends Warner Bros. Discovery shareholders vote against CEO David Zaslav’s golden-parachute payout tied to the Paramount Skydance sale, citing a non-market tax gross-up and aggressive equity vesting as windfall risks, even as ISS backs the Paramount merger itself (enterprise value about $111B, closing anticipated in Q3 2026).

via Variety|

#business #david-zaslav #golden-parachute

business2 days ago•15 min saved

Paramount Global Unveils In-House Book Publishing Arm Tied to Its Franchises

Paramount Global is launching Paramount Global Publishing, a new book imprint under its Products & Experiences division to publish content based on its brands and franchises and to develop new IP, with Josh Silverman as president and Amy Jarashow overseeing global publishing; the company will oversee direct development and production, while sales and distribution will be handled by a yet‑to‑be‑named partner. The imprint will launch first in the U.S. and Canada across print, digital, and audio formats, with titles to be announced later and expansion planned to other markets.

via variety.com|

#business #ip-development #paramount-global-publishing

business15 days ago•17 min saved

WBD Shareholders Set April 23 Vote on Paramount Skydance Merger

Warner Bros. Discovery has scheduled an April 23 special shareholders meeting to vote on selling to Paramount Skydance for $31 per share in cash (about a 147% premium). The boards unanimously approved the deal, which is expected to close in Q3 pending regulatory clearances and shareholder approval; if not closed by September 30, shareholders will receive a $0.25 per share quarterly ticking fee. The transaction would create a highly leveraged combined company with expected cost savings, while regulators and lawmakers weigh potential impacts; WBD’s board recommends voting in favor.

via Deadline|

#business #merger #paramount-skydance

business16 days ago•17 min saved

WBD Sets April 23 Vote to OK Paramount Skydance Merger

Warner Bros. Discovery has scheduled a special meeting for April 23, 2026 at 10 a.m. ET for shareholders to vote on the $111 billion Paramount Skydance merger, which the WBD board unanimously supports. The deal would place Paramount Skydance in control of WBD’s assets (including HBO/Max, Warner Bros., DC, etc.) and is expected to close in Q3 2026, subject to regulatory approvals, including DOJ clearance. Shareholders of record as of March 20, 2026 are eligible to vote after WBD began mailing the proxy statement. If the deal isn’t closed by Sept. 30, 2026, a ticking fee of $0.25 per share per quarter applies, potentially adding hundreds of millions to the price.

via Variety|

#business #doj-antitrust #merger

politics22 days ago•11 min saved

States Team Up to Check Paramount-Warner Merger Amid Hollywood Fears

California Attorney General Rob Bonta is coordinating an antitrust review of Paramount Skydance's roughly $110 billion deal to buy Warner Bros. Discovery, working with New York AG Letitia James; the effort signals a potential state-led challenge with labor and industry implications, while federal action remains uncertain.

via Politico|

#antitrust #letitia-james #paramount-skydance

entertainment24 days ago•7 min saved

Trump and Ellison Dragged Into Paramount-WBD Drama in Jeff Shell Case

New court filings in RJ Cipriani’s lawsuit against Paramount’s Jeff Shell allege secret talks between Donald Trump and Larry Ellison about Paramount’s bid for Warner Bros. Discovery, with Shell allegedly relaying Trump’s assurances to Ellison; Cipriani’s suit, now naming Ellison and his son David, claims high‑level executives discussed seven‑figure settlements, while Shell countersues for extortion and a separate probe reviews texts connected to South Park streaming rights and UFC deals.

via Page Six|

#donald-trump #ellison #entertainment

business25 days ago•8 min saved

Paramount Skydance Chief Alleges Extortion Tied to South Park Negotiations and Death Threats

Paramount Skydance president Jeff Shell counters RJ Cipriani’s $150 million suit by alleging Cipriani orchestrated a shakedown around South Park talks, including death threats and a 24/7 security detail, using media leaks and a web of alleged connections to pressure Shell, with broader Hollywood legal drama and ties to former executives emerging.

via Page Six|

#business #extortion #jeff-shell

business25 days ago•21 min saved

Paramount Skydance Chief Denies Leaks, Calls Extortion Plot a Shakedown

Paramount Skydance president Jeff Shell and the company filed a cross-claim denying Cipriani’s suit that Shell leaked confidential Paramount information, calling Cipriani’s claims an extortionate shakedown and defamatory. Shell says Cipriani fabricated claims to pressure a settlement after an alleged 18‑month relationship and crisis‑communications work, and seeks damages and an injunction, while Cipriani had sought about $150 million over alleged services and later leaked drafts to media.

via Variety|

#business #defamation #extortion

business27 days ago•15 min saved

Opposition grows as WBD-Paramount Skydance merger faces regulatory headwinds

Warner Bros. Discovery's planned merger with Paramount Skydance is drawing early opposition from the International Brotherhood of Teamsters and California's attorney general, prompting scrutiny over worker protections, potential layoffs, and competitive impacts; despite this, Wall Street has a Hold rating on WBD with about 9.5% upside to a roughly $29.68 price target, and the stock edged lower as opposition coalesced.

via TipRanks|

#business #merger #paramount-skydance

business28 days ago•4 min saved

Paramount-WBD tie-up could crown 2027 box office, but will it last?

Paramount Skydance’s planned merger with Warner Bros. Discovery could create a combined 2027 theatrical slate of about 26 releases (roughly 15 from each company, with potential growth to 30) and potentially the biggest single-studio box office, driven by WBD’s big-budget franchises (Godzilla-Kong, The Conjuring, Batman, Superman, Minecraft) and Paramount franchises (Sonic, Paranormal Activity, A Quiet Place, TMNT). The deal, valued at about $111 billion, awaits U.S. and European regulatory approval, and CinemaCon may add more titles; but experts warn that such consolidation brings scheduling, budget, and cannibalization risks, and the longevity of the slate beyond 2027 remains uncertain.

via CNBC|

#box-office #business #film-slate

business28 days ago•17 min saved

Paramount Merges BET+ Content Into Paramount+, Acquires Tyler Perry's Stake

Paramount Skydance is buying out Tyler Perry’s 25% stake in BET+ and folding BET+ content into Paramount+, phasing BET+ out as a standalone service with its catalog moving to Paramount+ starting in June 2026. Terms of the stake sale weren’t disclosed; BET’s channels, BET Studios, and BET Digital will continue, with BET content prominently featured in the Paramount+ hub as part of Paramount’s multiplatform strategy.

via Variety|

#bet #business #paramount

business1 month ago•17 min saved

Paramount Chief Jeff Shell Sued for $150 Million Over Alleged Crisis-PR Deal

R.J. Cipriani is suing Paramount Skydance president Jeff Shell for $150 million, alleging an 18‑month relationship in which Shell would provide crisis-communications services and help produce a TV show, Star Serenade. The suit claims Shell shared non-public Paramount information and refused Cipriani’s compensation, arguing his efforts saved Paramount about $1.5 billion. The complaint also names Shell’s wife as a defendant; Paramount isn’t named in the suit, and the company declined to comment.

via Variety|

#business #cipriani #crisis-communications

business1 month ago•3 min saved

Paramount-WBD Bid Prompts Khan Optimism About AEW's Media Future

Tony Khan is reportedly thrilled by Paramount Skydance's bid for Warner Bros Discovery, viewing it as the best possible scenario for AEW’s distribution. The deal would affect AEW's current media footprint, which includes WBD rights through 2027 with a Warner option for 2028, and faces regulatory hurdles from antitrust authorities and EU approvals amid a shifting streaming landscape and competition from UFC's owner.

via Cageside Seats|

#aew #business #paramount-skydance