Tag: Skydance

Paramount laid off 3.5% of its U.S. workforce, continuing a pattern of cuts tied to declining linear TV revenues and an uncertain pivot to streaming. The move follows over 2,000 job eliminations tied to a $500 million cost-cutting effort, and…

Paramount booked a $152M Q1 profit and narrowed streaming losses, with Paramount+ subscriptions hitting 79M, but the real story is strategic stabilization ahead of a potential Skydance merger. Streaming growth came from familiar hits, cost-cutting helped improve margins, and Pluto…

Paramount Global’s Q4 earnings highlight streaming growth but ongoing losses. Paramount+ added 5.6 million subscribers, reaching 77.5 million, while streaming revenue hit $7.6 billion. However, cable TV—still 65% of revenue—is rapidly declining, dragging profits down. Theatrical hits Gladiator 2 and…

Paramount Pictures has struck a major slate financing deal with Domain Capital Group, covering at least 30 films, including The Smurfs Movie, The Naked Gun reboot, and The Running Man. The agreement, which could extend to 40 films, expands Domain’s…

The Hollywood Reporter contemplates which Ellison will truly control Paramount after Skydance chief David Ellison is installed as CEO. While David is set to lead the company and manage its operations, his father, Larry Ellison, will retain control through the…

Larry Ellison’s FCC filing outlines plans to revitalize CBS and its owned stations if his acquisition is approved. The merger, involving Ellison’s companies and RedBird Capital, aims to enhance CBS’s national news, live sports, and local station digital presence. Ellison,…

Sony Pictures Entertainment CEO Tony Vinciquerra warned of "chaos" in Hollywood over the next two years, predicting a wave of mergers, bankruptcies, and sales. He highlighted the struggles of companies with cable networks, contrasting Sony’s position with that of Warner…

Paramount Global is in talks to potentially sell Pluto TV, led by Pluto TV's co-founder. While no valuation or official offers have been made, the sale's value will depend on whether it includes exclusive access to Paramount's content. Pluto TV's…

Warner Bros. Discovery CEO David Zaslav highlighted industry consolidation due to streaming, AI, and pandemic disruptions at the 2024 Allen & Co. Sun Valley Retreat. Warner Bros. Discovery and Paramount have both made significant layoffs this year, with over 300…

Paramount and Skydance have announced a merger, with Skydance acquiring the Redstone family's majority control of Paramount for $1.75 billion. This deal, pending regulatory approval and a 45-day window for other bids, will give Skydance control over CBS, Paramount+, BET,…