The Town with Matthew Belloni
Paramount-Skydance Is Dead. What Now?
Jun 12, 2024
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.
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