Monday, June 17, 2024

WSJ: Paramount Merger Talks with Skydance Have “Stopped” On Brink of Vote



Jessica Tonkel of the Washington Post says talks to merge Shari Redstone’s National Amusements aka Viacom, the company that owns Paramount and CBS, have “stopped.”

There was a vote going to merge NAI with David Ellison’s Skydance. It was presumed until the meeting that it was all going to happen.

But as in “Succession,” nothing goes to plan. So discussions have “stopped.” WSJ gets a big scoop. But it’s bad news for Paramount. If they can’t make deal here, and go back to a Sony deal, the company will be pulled apart and sold for junk. (See Time Inc.)

More to come…keep refreshing…

Roger Friedman
Roger Friedman
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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