formerly Mad Cornish Projectionist.
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
Despite months of negotiations, merger talks between Paramount and Skydance have fallen apart at the last minute with Paramount‘s controlling shareholder, Shari Redstone and her National Amusements, Inc. company, breaking them off. Source: Paramount & Skydance Merger Talk Collapses – … Continued
In 2017, Rearden filed a torrent of lawsuit against studios over use of stolen motion capture tech called MOVA Contour featured in several movies, including ‘Beauty and the Beast,’ ‘Terminator Genisys’ and ‘Avengers: Age of Ultron.’ Source: Paramount, Disney, Fox … Continued