The Paramount Deal: Skydance Merger Details, Ellison-Shell Lay Out Plans, Shari's Note

All the Paramount-Skydance news in one place [david-ellison-jeff-shell]( [David Ellison and Jeff Shell Outline Plan for New Paramount: Tech, Animation and Rebuilding Paramount+]( By Lucas Manfredi Paramount Global’s new owners David Ellison and Jeff Shell laid out their vision on Monday to turn the company from a struggling media conglomerate into a technological leader in the entertainment space. On a conference call with investors, the pair said they would “rebuild” the Paramount+ platform to increase time spent, offer subscribers improved recommendations and reduce churn. [Read More]( --------------------------------------------------------------- [Skydance Media CEO David Ellison and National Amusements President Shari Redstone]( [Done Deal: Paramount Global Sells to Skydance Media in $8 Billion Acquisition]( By Lucas Manfredi Paramount Global has sold to Skydance Media in an $8 billion deal that merges David Ellison’s company with the legacy Hollywood studio after acquiring controlling shareholder Shari Redstone’s National Amusements Inc., the companies announced on Sunday. The two-step deal that took months of negotiations marks the end of the Redstone family’s ownership of the historic entertainment conglomerate, which includes not only Paramount Studios but Paramount+, CBS, MTV, Nickelodeon and Pluto. [Read More]( --------------------------------------------------------------- [shari redstone]( [Shari Redstone Thanks Paramount Employees for ‘Your Support of My Family and Me’ in Emotional Farewell Note]( Shari Redstone, who closed a deal to sell Paramount Global on Sunday night to Skydance Media, wrote an emotional note to employees thanking them for their devotion to the historic Hollywood studio, and for supporting her and her family. “I wanted to take this opportunity to reach out to you directly not only to share the news, but to express my tremendous gratitude to each and every one of you for what we have been able to accomplish together for the past several decades.,” Redstone wrote. [Read More]( --------------------------------------------------------------- [Paramount Global Will Pay Skydance $400 Million Breakup Fee If It Accepts a Stronger Offer]( [David Ellison]( [David Ellison May Be a Daredevil. But Is He Ready to Run Paramount?]( [mission-impossible-dead-reckoning]( [Theater Owners to 'Look Closely' at Details of Skydance-Paramount Deal, Stress Need for More Movies in Cinemas]( [Why Hollywood Creatives Prefer a Skydance Deal With Paramount | Analysis]( --------------------------------------------------------------- [WrapPRO 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](