Paramount-Skydance Could Cost Shareholders $1.65B, ‘Deadpool & Wolverine’ Sets BO Record and Olympics Take Paris

Plus: Jeff Shell's Return Sparks #MeToo Questions, Stuber will relaunch United Artists for Amazon and WBD sues over NBA rejection [Skydance Media CEO David Ellison and National Amusements President Shari Redstone]( [Paramount-Skydance Merger Could Cost Shareholders $1.65 Billion in Damages, Class-Action Lawsuit Argues]( By Lucas Manfredi Paramount Global’s $8 billion merger with David Ellison’s Skydance Media could cost shareholders $1.65 billion, according to a proposed class-action lawsuit filed in the Delaware Court of Chancery on Wednesday. “The principal reason for the Merger is to cash out Redstone’s floundering Paramount investment—and at a substantial premium to what will be received by other stockholders. Additionally, the Merger will allow Redstone to pay down NAI’s fast-maturing debt,” attorneys for Scott Baker, who owns over 40,000 Class B Paramount shares, wrote. “Redstone’s and NAI’s conduct, in conjunction with that of the Director Defendants, harmed and will harm Paramount’sClass B stockholders, who will not receive a fair share of benefits in the Merger as opposed to Redstone and NAI. Even Paramount’s non-NAI Class A shareholders, whose shares lack any true voting power, will inequitably receive an 88% premium over Class B shareholders in the Merger.” [Read More]( --------------------------------------------------------------- [Deadpool and Wolverine]( ['Deadpool & Wolverine' Scores R-Rated Record $38.5 Million at Thursday Box Office]( By Jeremy Fuster As expected, Disney/Marvel Studios’ “Deadpool & Wolverine” is soaring high at the box office, scoring an unbelievable $38.5 million from Thursday preview screenings. It’s the highest preview total ever for an R-rated film, and the eighth highest for any film in domestic box office history. With this start, “Deadpool & Wolverine” is in strong position to become the ninth film in history and sixth from Marvel Studios to earn a $200 million-plus domestic launch. [Read More]( --------------------------------------------------------------- [French Paralympic Marie-Amelie Le Fur (2nd-L) holds the Olympics torch during the opening ceremony of the Paris 2024 Olympic Games in Paris on July 26, 2024, as the Louvre Museum is seen in the background. (Photo by DAVID GRAY / AFP) (Photo by DAVID GRAY/AFP via Getty Images)]( [Paris Olympics Opening Ceremony: 11 Best Moments, From Céline Dion to Lady Gaga to an Eiffel Tower Light Show]( By Tess Patton Paris delivered an Olympics Opening Ceremony worthy of the world’s attention. The spectacle directed by French actor and artistic director Thomas Jolly celebrated the over 10,000 athletes participating in this year’s games while showing the world French culture on the highest level. [Read More]( --------------------------------------------------------------- [Jeff Shell]( [The Return of Jeff Shell at Paramount Raises #MeToo Questions]( [scott-stuber]( [Amazon MGM Studios Sets Deal With Scott Stuber, Will Relaunch United Artists]( [NBA sports rights]( [Warner Bros. Discovery Sues Over NBA's 'Unjustified' Rejection of Matching Rights Proposal]( [Hollywood Holding on- Erin Copen Howard]( [A Development Executive Wrestles With How TV's New Normal Is Crushing the Job Market]( --------------------------------------------------------------- [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](