formerly Mad Cornish Projectionist.
For Shari Redstone, it was nothing personal. But the longer the negotiations went on, the more Redstone fell out of love with the idea of marrying her family’s legacy to David Ellison’s Skydance Media. So on June 11, as board … Continued
Moody’s said that it is weighing whether to downgrade Paramount to junk status, as S&P Global says that it is closely monitoring the deal. Source: Paramount Debt at Risk of Downgrade From Moody’s After Skydance Deal
The trio of co-CEOs told employees at a town hall Tuesday that bankers have been hired to sell unspecified assets “to help pay down debt and strengthen our balance sheet.” Source: Paramount Chiefs: We’re Cutting $500 Million in Costs After … Continued
The mogul’s digital media firm IAC appears to be the latest to throw its hat in the ring to make a deal with Shari Redstone’s National Amusements. Source: Barry Diller’s IAC Explores Paramount Bid (Report)
The mogul came close to selling her empire, then backed away, for now. New suitors have emerged amidst the chaos. But can the studio be saved? Source: Shari Redstone’s Paramount Sale Options: Who’s In the Mix Now?
After acquiring Alamo Drafthouse Cinema, Sony Pictures Entertainment becomes the first movie studio to own a theater in more than seven decades. Alamo Drafthouse Cinema is known for its craft beer, and showing indie films that cater towards movie buffs. … Continued