As Hollywood has fractured over the proposed merger between Paramount Skydance and Warner Bros. Discovery, AMC Entertainment Holdings Chief Executive Adam Aron is throwing his support behind David Ellison. The movie theater chief said he trusts that Ellison, Paramount’s CEO, will hold to his promise that the combined company will release 30 films a year…
Sen. Cory Booker, Democrat of New Jersey, is holding a “spotlight hearing” Wednesday in Washington about Paramount Skydance‘s proposed $111 billion deal to acquire Warner Bros. Discovery. David Ellison, Paramount’s chairman and CEO, will not be able to attend the hearing because of a death in the family, according to the company. “Regretfully, Mr. Ellison…
Even among the lofty realm of golden parachutes, Warner Bros. Discovery Chief Executive David Zaslav’s proposed payday stands out. Zaslav, one of the most richly compensated executives in America, is poised to receive as much as $887 million to depart the company once it is absorbed by David Ellison’s Paramount Skydance, Warner Bros. Discovery disclosed…
Paramount Skydance has completed a series of transactions to restructure the debt financing for its proposed $111 billion acquisition of Warner Bros. Discovery. In an SEC filing, Paramount said it had reached a deal to syndicate its previously disclosed debt funding for the WBD deal and “has entered into permanent financing transactions that will support…
Paramount Skydance seems to be nearing a deal to secure funding from three Gulf nation sovereign wealth funds to back its proposed acquisition of Warner Bros. Discovery, according to a Sunday report in the Wall Street Journal. Per the outlet, the corporation is seeking signed equity commitments of close to $24 billion, for which Saudi…
David Ellison says savings from the Skydance-Paramount merger will significantly exceed the $3 billion initially projected, with $2.5 billion anticipated by the end of this year. And, “We’re in the process of basically converging Paramount+, BET+ and Pluto all into one unified tech stack. We’re going to finish that second quarter of this year,” the…
There’s a lot of panic going around CNN as the merger of Paramount and Warner Bros. Discovery looms. No less than Democrat activist podcaster Jim Acosta, the other day, warned with no self-awareness whatsoever that his former network would soon be crawling with “partisan hacks.” Frequent CNN guest and…
California Atty. Gen. Rob Bonta called out the federal government for largely vacating its role as antitrust regulator, saying it’s now up to California and other states to look out for consumers’ interests. Bonta, the state’s top law enforcement officer, spoke Thursday at a Capitol Forum conference in Beverly Hills on antitrust issues and the…
