World
Christiane Amanpour to leave CNN after 43 years
Christiane Amanpour's announcement comes after Paramount Skydance's controversial merger with Warner Bros. Discovery, CNN's parent company.
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Paramount Skydance
World
Paramount Skydance confirms purchase of Warner Bros in the middle of doubts for change online editorial
Paramount Skydance confirmed the purchase and merger with Warner Bros Discovery, becoming the new giant of world entertainment. The union of the companies will be called Skydance and will have production of films, series and media. The political ties of its co-directors put on the table if there will be changes in the editorial line.
Entertainment
Skydance Stock Drops 2.7% on First Day of Trading After Paramount-WBD Merger Close
David Ellison said the vision behind Skydance Corp., formed Tuesday by the closing of the Paramount-Warner Bros. Discovery merger, was to “create a stronger competitor” and build a company that “empowers creatives, entertains audiences and rewards shareholders.” But on Day One of the new Skydance, investors seem skeptical of its prospects: Shares of the company, […]
Business
TNT Sports head Luis Silberwasser to depart Skydance as CBS Sports chief David Berson takes over combined global sports group
TNT Sports chief Luis Silberwasser will be leaving a combined Paramount Skydance-Warner Bros. Discovery company, sources tell CNBC.
Business
David Ellison and Ynon Kreiz announce Skydance leadership team
The leadership team for Skydance, the merged entity of Paramount Skydance and Warner Bros. Discovery, will include Bari Weiss, Mark Thompson and Casey Bloys.
Entertainment
Paramount-Warner Bros. Merger Set to Close Next Week After Judge OKs Settlement With State AGs
Paramount chief David Ellison, after a fierce year-long battle, is finally about to get his hands on Warner Bros. Discovery — in the most expensive takeover in Hollywood history. On Wednesday, U.S. District Judge Araceli Martínez-Olguín, who is overseeing the antitrust case aimed at blocking the Paramount-Warner Bros. deal approved Paramount’s settlement with the 12 […]
Entertainment
David Ellison Taps Mattel’s Ynon Kreiz to Be Co-CEO of Merged Paramount-Warner Bros.
Ynon Kreiz, who is stepping down as CEO of Mattel after eight years, will join David Ellison’s Paramount — which is expected to close its mega-merger with Warner Bros. Discovery on Oct. 6 — as co-CEO of the new company, Paramount announced. As chairman and CEO, Ellison will lead all strategy, creative and technology functions. […]
Entertainment
Paramount Says Timing for Warner Bros. Deal Close ‘If Any’ Is ‘Not Yet Certain’ but Pencils In Oct. 5 Date to Issue PSKY Shareholders Warrants Tied to WBD Merger
Paramount Skydance’s $111 billion agreement to merge with Warner Bros. Discovery is not quite a done deal, but the company is preparing for the deal to close within the next few weeks. In an SEC filing Friday, Paramount said its board on Sept. 25 “determined to voluntarily withdraw the listing of its Class B common […]
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Entertainment
Paramount’s David Ellison Attends Trump White House State Dinner for Chinese President; CNN and MS NOW Reporters Barred From Event
David Ellison, CEO of Paramount Skydance, dined at the White House Thursday evening at the state dinner held for visiting Chinese President Xi Jinping — but the White House shut out reporters for CNN, the Warner Bros. Discovery-owned news network Ellison is on the cusp of gaining control over, as well as MS NOW. Ellison […]
Entertainment
Judge Questions Legal Points of Paramount’s Settlement With States at Hearing, Says a Ruling Will Come in ‘Due Course’
The judge overseeing the antitrust case filed by 12 state attorneys general seeking to block the Paramount-Warner Bros. Discovery merger questioned the parties about their settlement at a hearing Thursday. U.S. District Judge Araceli Martínez-Olguín has not yet ruled on whether to approve the proposed settlement, and set the virtual hearing to cover “outstanding questions” […]
Entertainment
Paramount to Raise $7.5 Billion More in Debt to Fund Warner Bros. Deal
Paramount Skydance said Thursday it is launching a syndication to raise $7.5 billion through a proposed senior secured incremental tranche of term “B” loans. The David Ellison-led company it will use the funds toward its $111 billion Warner Bros. Discovery merger and to pay down certain other debt. In total, Paramount said it now intends […]
Entertainment
Judge in Paramount-State AGs Case Still Has Questions, Schedules Hearing on Settlement Terms
Paramount’s deal with the 12 state attorneys general to settle their antitrust lawsuit over the Warner Bros. Discovery merger is not official just yet: The judge in the case has some “outstanding questions” about the settlement, which requires her approval before it takes effect. In an order issued Tuesday, U.S. District Judge Araceli Martinez-Olguin granted […]
World
Paramount Skydance finds agreement with 12 US states to buy back Warner Bros Discovery
Paramount Skydance has reached an amicable agreement, which still needs to be approved by a California federal judge, in order to obtain the abandonment of the proceedings brought by twelve US states challenging the acquisition of Warner Bros Discovery. In particular, the group is committed to increasing its investment in film production and to creating a council on editorial independence of news channels.
World
Fusion Paramount-Warner Bros: the saga continues, an agreement reached with twelve American states
We still have to wait for the validation of a judge, but the essential thing is done: Paramount Skydance agreed with twelve US states to terminate the proceedings challenging the acquisition of Warner Bros Discovery (WBD). "This merger has an economic stake with the taking of a dominant position, but also concerns about the editorial line" because changes have already been observed on CBS, reports France 24 correspondent in Los Angeles, Loïc Pialat.
World
Paramount unblocks fusion with Warner Bros. but must meet certain conditions
Paramount Skydance reached an agreement with U.S. prosecutors. The U that unlocks the merger with Warner Bros. Discovery. The pact includes opening 30 films a year, investing in Hollywood and creating a work fund, while ensuring editorial safeguards for CNN and CBS.
World
Paramount, US states settle antitrust lawsuit over Warner Bros. acquisition
Paramount Skydance has settled a lawsuit with a dozen US states that sought to block its acquisition of Warner Brothers, as well as with the Writers Guild of America. California's attorney general said that while the settlement addressed concerns over competition and protection, it did not mean a vote of support for the deal.
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Entertainment
WGA Settles Antitrust Lawsuit With Paramount Over Warner Bros. Discovery Merger
The Writers Guild of America East and Writers Guild of America West, jointly the WGA, have settled their lawsuit to block the proposed merger of Paramount Skydance and Warner Bros. Discovery per a statement released by the organization Monday. The settlement comes following the news that Paramount has reached a deal with 12 state attorneys […]
Entertainment
What’s in the Paramount Settlement With States: Commitment to Not Sell Studio Lots, Additional $300M Yearly Investment in U.S. Film Production, CNN Oversight and More
The details of Paramount’s deal with 12 states settling their antitrust case — paving the way for its takeover of Warner Bros. Discovery, the biggest merger in Hollywood history — have been revealed. Among the top-line items: Paramount is agreeing to keep its operations in California and has committed to not sell the Paramount Studios […]
Entertainment
Paramount Settlement Talks With Stares Progress but Some AGs Push for Tougher Terms
On Sunday, settlement talks between Paramount and the state attorneys general that sued to block its Warner Bros. Discovery deal continued — but there was no resolution by the end of the day. But while California Attorney General Rob Bonta, who is leading the 12-state coalition’s antitrust litigation, is said to be open to considering […]
Entertainment
Mark Ruffalo Tells Rob Bonta ‘Don’t You Dare’ Settle the Antitrust Lawsuit Against Paramount: ‘Do Not Cave’
Mark Ruffalo is encouraging California attorney general Rob Bonta and his coalition of 11 other state AGs not to settle their lawsuit against Paramount Skydance and keep David Ellison from acquiring Warner Bros. Discovery. “Don’t you dare, [Rob Bonta], do not cave,” Ruffalo wrote on X. “5,670 filmmakers put their necks on the line for […]