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Paramount-Skydance Restructure Debt to Back WBD Merger
business1 day ago

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
Paramount chief resigns amid fraud suit in high-stakes Vegas dispute
business3 days ago

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
Restroom Tampon Incident Helps Derail Netflix-Warner Bros. Merger
business1 month ago

Restroom Tampon Incident Helps Derail Netflix-Warner Bros. Merger

A months-long bid for Warner Bros. Discovery faltered amid antitrust concerns and GOP opposition to Netflix’s potential monopoly and political influence. A visit by a congressional delegation to Netflix HQ coincided with reports of a tampon basket in the men’s room, dubbed the “Tampon Incident,” which critics cited as symbolic of Netflix’s alleged progressive tilt. With Paramount-backed Skydance raising its offer to about $80.5 billion, Netflix’s Ted Sarandos decided not to engage in a costly bidding war and canceled the nearly completed $73 billion purchase, a setback framed by critics as a political blow to Netflix even as executives argued the company faces competition rather than a political agenda.

via New York Post|
#business#netflix#paramount
Paramount-Skydance Victory Won't Cure Theaters' Woes
entertainment1 month ago

Paramount-Skydance Victory Won't Cure Theaters' Woes

Netflix bowed out of the Warner Bros. bidding war, allowing Paramount Skydance to win, but industry insiders say the merger won’t save cinemas: with the domestic box office still down about 20% from pre‑COVID levels, a 30‑film‑per‑year plan and “healthy” theatrical windows face staffing and cost hurdles, and consolidation could reduce major releases. Still, Paramount’s theater‑friendly infrastructure offers some upside, though the deal isn’t a cure for cinemas.

via Variety|
#entertainment#netflix#paramount
Zaslav Pushes Paramount Tie-Up After Netflix Pivot
business1 month ago

Zaslav Pushes Paramount Tie-Up After Netflix Pivot

Warner Bros. Discovery CEO David Zaslav told employees at a town hall that WBD will pivot from its Netflix deal to a Paramount‑Skydance merger, framing the move as essential for a bigger, global company. Paramount has pursued a rival bid that would add WBD’s studio and HBO assets (and CNN and other cable networks) to its lineup. Even if the deal closes, the combined streaming share would still be well below Netflix and YouTube, and regulatory approval could take 6–18 months; a $7 billion breakup fee applies if it fails to close.

via Business Insider|
#business#david-zaslav#netflix
Ellison's High-Stakes Bid: Skydance Eyes Warner Bros. Takeover
business1 month ago

Ellison's High-Stakes Bid: Skydance Eyes Warner Bros. Takeover

Paramount Skydance chief David Ellison has pressed a high-stakes bid to acquire Warner Bros. Discovery, including a hostile tender offer and talks with Netflix; while Skydance’s box-office legacy is anchored by Tom Cruise-led franchises, many films carry big budgets with uneven profitability, making a WBD takeover a potentially transformative move for both studios.

via CNBC|
#box-office#business#ellison
WBD: Paramount-Skydance bid could edge out Netflix in ongoing deal duel
business1 month ago

WBD: Paramount-Skydance bid could edge out Netflix in ongoing deal duel

Warner Bros. Discovery said Paramount Skydance’s revised bid to buy the entire company (including its cable networks) could be preferable to Netflix’s deal, lifting the offer to $31 per share (~$77 billion) with a $7 billion reverse termination fee and reimbursement of costs if regulators block Netflix’s agreement. The board has not yet chosen a winner, Netflix would have four days to respond if WBD shifts bids, and the bidding war—fired up after Paramount’s unsolicited late-2025 offer—continues amid antitrust scrutiny. Analysts say roughly $34 a share could end the contest, and Paramount has welcomed the latest development while regulators’ approval remains required.

via AOL.com|
#bidding-war#business#netflix
Netflix Slams Paramount Skydance Over Warner Deal Ahead of Shareholder Vote
business1 month ago

Netflix Slams Paramount Skydance Over Warner Deal Ahead of Shareholder Vote

Netflix blasted Paramount Skydance’s bid to acquire Warner Bros. Discovery, accusing PSKY of misleading WBD shareholders about regulatory hurdles while defending its own all‑cash, board‑approved deal with WBD; Warner shareholders are set to vote on March 20, and Netflix says PSKY’s push is an attempt to derail the transaction even as both sides engage with global regulators and pursue approvals.

via Deadline|
#business#merger#netflix
Dokoupil's Road-Trip Debut Hits Turbulence at CBS Evening News
media2 months ago

Dokoupil's Road-Trip Debut Hits Turbulence at CBS Evening News

Tony Dokoupil’s road-trip debut as CBS Evening News anchor draws attention for promise and missteps amid new Skydance ownership and Bari Weiss’s editorial direction. While the format and interviews (including Trump) show potential to engage a divided audience, glitches and contested editorial choices—such as Minneapolis’ Jan. 6 coverage—highlight the challenges of balancing viewer empathy with rigorous reporting in 2026.

via The New York Times|
#bari-weiss#cbs-evening-news#editorial-direction
Paramount escalates fight with WBD over Netflix deal with lawsuit
business2 months ago

Paramount escalates fight with WBD over Netflix deal with lawsuit

Paramount, via Skydance, filed a Delaware Chancery Court suit against Warner Bros. Discovery to force disclosure around the valuation of the Netflix deal and argue its $108.4 billion all‑cash offer is superior, while WBD says Paramount’s price remains inadequate and calls the suit meritless as Paramount seeks shareholder support ahead of a January 21 tender and possible governance changes related to WBD’s cable‑networks spin‑off.

via Ars Technica|
#business#merger#netflix
business5 months ago

Paramount TV Studios Reshapes Leadership Amid Major Layoffs and Schedule Changes

Matt Thunell has assembled the leadership team for the newly revived Paramount Television Studios, primarily drawing from Skydance Television and Showtime/MTV Entertainment Studios, with some departures and new hires to streamline the organization and position it for growth, including key roles in creative, production, legal, finance, and talent management.

via Deadline|
#business#executive-appointments#leadership-team