Paramount independent shareholders are recommending the enhanced acquisition offer from Skydance Media, meaning the decision will now come down to controlling shareholder Shari Redstone. Redstone has been negotiating with Skydance, the production group founded by Oracle billionaire David Ellison, meanwhile the company has received competing interest from Apollo private equity and Sony. Skydance, whose backers […]

Skydance Media has reportedly submitted an improved offer for its proposed merger with Paramount Global. The new deal is said to offer improved terms for both voting and non-voting Paramount shareholders, and provides more cash, according to Reuters, quoting a spokesperson on condition of anonymity. Specific details of the offer from the independent studio led […]

Fremantle has appointed Matt Katrosar as its new Senior Vice President of Global Ad Sales and Strategy, based in Los Angeles, reporting to Jens Richter, CEO, Commercial and International. In the newly created role, Katrosar will be responsible for driving FAST and AVoD channels, broadcast, social and content revenue growth. Katrosar joins Fremantle from Telly […]

FilmRise, the New York City-based film and television studio and streaming network, has announced the appointment of Jonitha Keymoore as Head of Content for the company. She will be responsible for all content licensing and production activities across the FilmRise Streaming Network of AVoD apps, FAST channels, and digital streaming partners. Danny Fisher, CEO of […]

Shares of Paramount Global fell more than 7 per cent on May 14th after news broke that Sony Pictures is rethinking its bid for the US media giant. “People close to the situation that I’ve been speaking to of late indicate that the likelihood of a bid, at least for the full company, seems to […]

Sarudzayi Marufu, executive producer and founder of Euras Films, has warned that M&A deals in the US media and entertainment sector could significantly harm the financial viability of grassroots film productions in the UK. Marufu’s statement follows Sony’s $26 billion bid for Paramount, which if successful, would make the Japanese conglomerate a majority shareholder. Paramount […]

Moonbug Entertainment, a part of Candle Media, has announced the appointment of Manuel Reveiz as the company’s new head of distribution and partnerships, Latin America. Reveiz will be responsible for building Moonbug’s presence and long-term growth in Latin American countries, connecting hit Moonbug shows like CoComelon, Blippi and Little Angel to more families in the […]

Amdocs, a provider of software and services to communications and media companies, has announced that Vubiquity, an Amdocs company, has been selected by Paramount Global to assume all operational activities and management of affiliates for MTV in Japan under a new licensing agreement. Vubiquity will be responsible for all aspects of operations for the MTV […]

Sony Pictures Entertainment and Apollo Global Management have reportedly made a $26 billion (€24.2bn) bid for Paramount Global. The two companies have submitted a non-binding offer letter, signed by Sony Pictures Chief Executive Tony Vinciquerra and Apollo partner Aaron Sobel, according to the WSJ. Paramount’s shares rose 12 per cent on the news. News emerged […]

The Paramount logo is a mountain with a coronet of stars. Its sale still has a mountain to climb and the final outcome – pre-deal or post – is likely to be the current contenders, and others, picking and choosing between those star divisions of the business. When the movie (low budget straight to streaming) […]