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Skydance Merger Talks and CEO Uncertainty Loom Over Paramount Q1 Earnings

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thewrap.com

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newsletter@thewrap.com

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Mon, Apr 29, 2024 01:17 PM

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Paramount reports its quarterly results Monday afternoon as the May 3 deadline for exclusive merger

Paramount reports its quarterly results Monday afternoon as the May 3 deadline for exclusive merger discussions between the two companies quickly approaches [Skydance Media CEO David Ellison, Paramount CEO Bob Bakish and Shari Redstone, Paramount's non-executive chairwoman]( [Skydance Merger Talks and CEO Uncertainty Loom Over Paramount Q1 Earnings]( By Lucas Manfredi Paramount Global is set to report its quarterly earnings on Monday with an unexpected level of drama surrounding the struggling Hollywood entertainment company. As TheWrap reported on Saturday, insiders at Paramount say the board is prepared to remove CEO Bob Bakish. Investors are clamoring for clarity on the state of Paramount’s conversations with Skydance Media over a possible deal amid reports that Sony is discussing joining Apollo Global Management in a potential joint counterbid. [Read More]( --------------------------------------------------------------- [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](

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