Discussion on the abrupt termination of the Paramount-Skydance deal by Shari Redstone, implications for Paramount and potential buyers. Speculation on Paramount's future, strategic changes in streaming landscape, and Inside Out 2 premiere. Delve into introducing new emotion 'horniness' in Pixar's Inside Out sequel.
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Quick takeaways
Shari Redstone's abrupt decision halted the Paramount-Skydance sale, triggering uncertainty and potential restructuring for Paramount Global.
Competing bids post-Skydance fallout hint at a reshaped entertainment industry landscape with increased interest in Paramount and National Amusements.
Deep dives
Paramount Skydance Deal Fallout
Following Sherry Redstone's surprising move to nix the Paramount sale to David Ellison's Skydance Media, multiple board members resign. The deal, valued at around $7.5 billion, would have reshaped Paramount's future. Sherry's decision leaves Paramount facing uncertainty with plans for restructuring and potential asset sales. Analysts speculate on the fallout, questioning the company's path forward and the impact on its various business entities like CBS, MTV, and streaming services.
National Amusements' Prospective Buyers
National Amusements attracts interest from potential buyers like Edgar Bronfman Jr. backed by Bain Capital and Steven Paul supported by billionaire John Paul DeGioria. Competing bids for national amusements and Paramount emerge, with Apollo and Sony Pictures offering $26 billion for the company. Analysts predict a slew of suitors entering the scene post-Skydance fallout, reshaping the future landscape of the entertainment industry.
Sherry's Exit Strategy and Company Transformation
Sherry Redstone's strategy to exit the entertainment business within the next few years raises questions about Paramount's future survival. Speculation revolves around short-term asset sales to raise capital, followed by potential regulatory hurdles for complete company exits. Amidst the chaos, Paramount's plan involves downsizing, potential land sales, and reevaluating the viability of Paramount Plus, hinting at significant shifts in the studio's operations and partnerships.
Pixar's 'Inside Out 2' Premiere and Future Potential
The release of 'Inside Out 2' generates anticipation for Pixar's revival in the animation genre. Despite challenges faced by the industry, predictions for the movie's success exceed $85 million in the opening weekend. With new emotions like anxiety and evolving storylines, Pixar aims to overcome previous setbacks and solidify its position in the animation market, offering a hopeful outlook for the beloved animation studio's future.
Matt and Lightshed media analyst Rich Greenfield react to Shari Redstone calling off the Paramount-Skydance deal at the eleventh hour after a sale seemed imminent. They discuss why Shari killed the deal, how one man is potentially responsible for convincing Shari to back out, what’s next for Paramount Global, and much more (03:08). Matt finishes the show with an opening weekend box office prediction for the newest Pixar film, ‘Inside Out 2’ (30:44).
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