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Notes on L’Affaire Paramount
With Skydance out, what happens now?
Regardless of whether such a mash-up would’ve been a net positive, what’s been striking to me has been how so much of the reporting on the talks has felt like endless bashing of Paramount owner Shari Redstone and covert lobbying for Team Skydance. Industry analysts, anonymous studio execs, and even many reporters seemed hell-bent on getting the deal done, as if David Ellison were the next Bob Iger and his company had some unique genius plan to get Paramount back to the top of media-conglomerate mountain. But I guess I just sort of get Redstone changing her mind and deciding either that there could be other, better bidders for Paramount and its assets — or that she’s simply better off letting her current managers handle the process of getting the company back on more solid ground.
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