Skydance and Paramount Merger
Paramount and Skydance Merge
Paramount Pictures is set to merge with Skydance Media, marking the end of the Redstone family's decades-long reign in Hollywood. Shari Redstone's National Amusements has owned over three-quarters of Paramount's Class A voting shares and had been battling to maintain control of the company that owns CBS. The merger signals the rise of a new power player, David Ellison, founder of Skydance Media. According to reports, Redstone and Ellison negotiated for some time before finalizing the deal. However, Paramount has 45 days to find a better offer, leaving open the possibility of another business plot twist.
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- free accesspublicly ownedThe Walt Disney Company
- Paramount and Skydance merge, signalling end of a family rein in Hollywood and the rise of new powerfree accessprivately ownedBell Media
- free accessprivately ownedRyan Jungwook Hong
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