Skydance’s Paramount Offer Awards Up to 50% Ownership Stake, How ‘Monkey Man’ Went From Netflix Roadkill to Universal Event and ‘Vanderpump Rules’ Star Sues Bravo Over Alleged Retaliation

Plus: Cinemark stock jumps 6% on rare double-upgrade, BBC Defends Kate Middleton cancer diagnosis coverage and MTV’s ‘Teen Mom’ nabs highest rating in a year [Skydance Media CEO David Ellison and National Amusements President Shari Redstone]( [Skydance's Paramount Offer Would Include Up to 50% Ownership Stake, Raising New Equity | Report]( By Lucas Manfredi Skydance Media’s offer to acquire Shari Redstone’s National Amusements and merge with Paramount Global’s film and TV studio would give David Ellison’s media giant a substantial ownership stake in the media conglomerate while allowing it to continue trading publicly, according to CNBC, citing four unnamed sources familiar with the matter. Skydance’s deal, which would raise new equity and include a consortium of investors including RedBird Capital, KKR and Oracle co-founder Larry Ellison, could have an ownership stake of around 45% to just over 50%, the outlet reports, noting those details are subject to change and have not been nailed down. National Amusements owns 77.3% of Paramount’s Class A (voting) common stock and 5.2% of its Class B common stock. [Read More]( --------------------------------------------------------------- [“Monkey Man"]( [How ‘Monkey Man’ Went From Netflix Roadkill to Universal's Theatrical Event]( By Drew Taylor Dev Patel’s directorial debut, “Monkey Man,” is one of the must-see movies of the spring, and it’s easy to see why. Universal Pictures’ high adrenaline, hard-edged action release, which hits 3,000 screens this weekend, has one of the coolest trailers of the year and received a rapturous response when it premiered at the South by Southwest Film Festival last month, where video quickly circulated of Patel moved to tears by a standing ovation. But the English-language, Indian cast movie almost never made it here. The independent feature was bought for $30 million during production by Netflix, which then dropped the film without giving a clear reason why. People familiar with the film say its political undertones may have spooked the streamer. Suddenly orphaned, “Monkey Man” was headed to festivals to seek a buyer when director Jordan Peele saw it and convinced Universal Pictures to buy and distribute the movie. [Read More]( --------------------------------------------------------------- [Vanderpump Rules]( ['Vanderpump Rules' Star Faith Stowers Sues Bravo, NBCU: 'A Vicious Campaign of Racist Harassment and Retaliation']( By JD Knapp Faith Stowers, a former cast member on “Vanderpump Rules,” has sued Bravo, NBCUniversal and Evolution Media for retaliation, discrimination, hostile work environment harassment, wrongful termination and infliction of emotional distress. The reality TV personality, who appeared on Seasons 4 and 6 of the “Real Housewives of Beverly Hills” spin-off and remains the show’s only Black star, filed her lawsuit through attorneys Bryan Freedman and Mark Geragos on Friday. The suit, obtained by TheWrap, claims Stowers was “driven out by a vicious campaign of racist harassment and retaliation.” [Read More]( --------------------------------------------------------------- [The Fall Guy]( [Cinemark Stock Jumps 6% on Rare Double-Upgrade From Analysts: 'Movies Are Back!']( [BBC Defends Against Accusations That Kate Middleton Cancer Diagnosis Coverage Was 'Excessive and Insensitive']( [Teen-Mom-Family-reunion]( [MTV's 'Teen Mom: Family Reunion' Nabs Highest Rating in Over a Year | Exclusive]( [King Combs and Diddy perform at O2 Shepherd's Bush Empire in a special one night only event at O2 Shepherd's Bush Empire on November 07, 2023 in London, England. (Photo by Samir Hussein/Getty Images for Sean Diddy Combs)]( [Diddy’s Son Christian 'King' Combs Sued for Sexual Assault on Yacht]( --------------------------------------------------------------- [Wrap Pro logo] Discover why entertainment executives and professionals rely on the WrapPRO platform daily for exclusive coverage, analysis, deeper reporting, and access to VIP events & screenings throughout the year. [Subscribe Today]( --------------------------------------------------------------- [Facebook]( [Twitter]( [Instagram]( [YouTube]( TheWrap | 2034 Armacost Ave Los Angeles, CA 90025 [Preferences]( | [Unsubscribe]( [LiveIntent Logo]( [AdChoices Logo](