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The Town with Matthew Belloni
Burning Questions About the Future of Paramount
Jul 9, 2024
Bloomberg's Lucas Shaw joins Matt to discuss the future of Paramount under new ownership, exploring asset management, movie strategies, and the potential impact of a young CEO. Matt also predicts the outcome of Alec Baldwin's upcoming trial in the 'Rust' case.
32:24
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Quick takeaways
- David Ellison's acquisition of Paramount signals a shift towards tech-focused revitalization of legacy media companies.
- The sale of Paramount to Ellison showcases shrewd negotiation tactics leading to a substantial valuation post-acquisition.
Deep dives
Paramount Acquisition and Transition to New Ownership
Discussions revolve around the acquisition of Paramount Global by David Ellison, analyzing the future of Paramount, CBS, Pluto, and Paramount Plus under Ellison's leadership. Key points include the shift from legacy media to tech money with rich tech investors like Ellison stepping in to revitalize Paramount amidst tech-dominated media landscape.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode