Netflix is interested in acquiring iconic movies produced by Paramount. A private equity firm made an offer of $5.5 to $6 billion for Showtime in 2021, but Paramount consistently rejected such offers, emphasizing they are not for sale under new leadership.
Media behemoth Paramount Global is struggling. Stock prices are down. The CEO was just ousted. And the head of this family business is ready to cash out. Puck’s Matthew Belloni explains what comes next.
This episode was produced by Hady Mawajdeh, edited by Amina Al-Sadi, fact-checked by Matt Collette, engineered by Rob Byers, and hosted by Noel King.
Transcript at vox.com/todayexplained
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