Paramount Has Been Assimilated by Skydance Media in Eight Billion Dollar Takeover

According to Deadline, Skydance Media and its backers person reached a woody to put an astounding $8 cardinal dollars successful a takeover of Paramount Global–a woody said to enactment “gold-plated media assets including CBS, Nickelodeon and Paramount Pictures successful caller hands for the archetypal clip since the 1980s.”

After the institution received support this past Sunday from Paramount’s committee of directors, the afloat committee agreed connected a program to archetypal get National Amusements Inc.–the movie theatre holding institution owned by Shari Redstone, a pistillate whose household controls astir 80% of Paramount’s voting shares, including, but by nary means constricted to, CBS, Comedy Central, BET, Showtime, Nickelodeon and MTV–before unfolding a afloat merger with Skydance adjacent year.

Skydance CEO David Ellison volition present beryllium “chairman and CEO” of the caller Paramount-Skydance hybrid (ParaDance? Dancin’ Mount?), portion erstwhile NBCUniversal chief, Jeff Shell, volition service arsenic president. Variety further reports that, arsenic is seemingly inevitable successful immoderate quality astir a multi-billion dollar deal, Skydance volition statesman seeking a instrumentality connected its wealth with an eye-watering $2 cardinal successful cuts already identified by Ellison and Shell.

Now arsenic readers of this website, I cognize the question you’re each asking: What does this mean for the aboriginal of Star Trek, exactly? Under the erstwhile regime, the beloved franchise has seen a resurgence successful caller years–what with Picard, Strange New Worlds, Prodigy, Lower Decks and Discovery–but volition Ellison and institution stock the aforesaid enthusiasm for the property? This of course, remains, to beryllium seen, but the workplace did co-produce the past 2 theatrical features, truthful possibly Terry Matalas volition yet get different gathering astir his dream Star Trek series, Legacy, aft he’s done with all those different projects. The institution did nutrient 7 seasons of Grace & Frankie, aft all…

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