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Paramount Skydance Merger

All articles tagged with #paramount skydance merger

business2 hours ago•19 min saved

Paramount Investor Alleges Ellison Trump-Backed Side Deal to Approve WBD Merger

Paramount Global shareholder Paul Robbins filed a derivative suit in Delaware Chancery Court accusing David and Larry Ellison of orchestrating an 'illegal' side deal with Donald Trump to win federal approval for Paramount Skydance’s $111 billion takeover of Warner Bros. Discovery, including alleged plans to funnel cash to Trump and to dismiss CNN anchors he dislikes. The suit seeks to block the merger and damages, arguing the arrangement risks Paramount and its investors and invites future regulatory scrutiny; Trump is not named as a defendant.

via Variety|

#business #donald-trump #ellison-family

business2 days ago•22 min saved

States Ready Antitrust Challenge to Paramount-WBD Merger

California, New York, Connecticut and Washington AGs plan to file a temporary injunction to block Paramount Skydance’s $110 billion merger with Warner Bros. Discovery, arguing the combined company would dominate markets and reduce competition in film production, distribution and streaming. The move follows DOJ clearance but aims to curb alleged market consolidation, with potential concessions or delays possible if the suit proceeds; Paramount defends the deal as pro-competitive and regulators worldwide have largely cleared it, though debt, penalties and closing timelines add to the deal’s regulatory sensitivity.

via Deadline|

#antitrust #attorneys-general #business

politics1 month ago•9 min saved

Hundreds Warn Paramount-Skydance Merger Could Politicize CNN

More than 200 journalists, academics and filmmakers signed a letter warning that Paramount Skydance’s merger with Warner Bros. Discovery could lead to improper political meddling at CNN, citing alleged changes at CBS to appease Trump and concerns about editorial influence; signatories include Jim Acosta, Judy Muller and Laura Poitras, with regulators still reviewing the deal and Ellison claiming independence will be maintained.

via HuffPost|

#cnn #editorial-independence #paramount-skydance-merger

entertainment1 month ago•2 min saved

Colbert Launches New YouTube Channel Days After The Late Show Ends

Stephen Colbert quietly started a new YouTube channel within a week of ending The Late Show, debuting with a Monroe Community Media appearance that has drawn tens of thousands of subscribers; the move unfolds amid controversy over Paramount’s merger with Skydance, including backlash over copyright actions and political commentary about the deal.

via The Guardian|

#copyright-controversy #entertainment #late-show

business2 months ago•2 min saved

WBD approves Paramount Skydance merger, reshaping Hollywood’s landscape

Warner Bros. Discovery shareholders approved the $110 billion Paramount Skydance merger, valuing WBD at about $77 billion and uniting assets like Warner Bros., HBO Max, CNN, TBS and TNT under one umbrella. The deal still requires DOJ antitrust clearance and faces legal and political pushback, including an industry letter opposing consolidation. Paramount’s David Ellison pledged to maintain theatrical windows and release around 30 films per year across the studios, while Netflix earns a $2.8 billion termination fee after backing out.

via NBC News|

#antitrust #business #hollywood-consolidation

media6 months ago•3 min saved

Letterman calls CBS News a wreck under new leadership amid merger shakeup

Former late-night host David Letterman blasts CBS News as a "wreck" under newly installed leadership, lambasting the newsroom amid Paramount’s merger with Skydance and a wave of upheavals — from Bari Weiss’s chaotic editorship to anchor reshuffles and a shelving decision — arguing the network’s historic integrity has been trampled even as industry tensions and politics swirl around it.

via The Guardian|

#cbs-news #david-letterman #leadership-change

entertainment1 year ago•2 min saved

Late-Night TV Faces Uncertainty Amid Show Cancellations and Industry Changes

Jon Stewart expressed uncertainty about the future of The Daily Show amid the ongoing merger between Skydance Media and Paramount Global, which could impact the show's ownership and continuation. The merger is still pending regulatory approval, and Stewart highlighted the show's significance to Comedy Central, while also noting the broader industry uncertainties following CBS's cancellation of The Late Show with Stephen Colbert.

via The Hollywood Reporter|

#entertainment #jon-stewart #media-ownership