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Paramount Sees Skydance Merger Closing In First Half As Streaming & ‘Sonic’ Bright Spots In Mixed Q4
Paramount Global confirmed today that despite the noise it still expects the merger with Skydance to close in the first half of the year as the company reported mixed quarterly numbers with misses on the top and bottom lines.
Paramount Global confirmed today that despite all the noise it still expects the merger with Skydance to close in the first of the year as the company reported mixed quarterly numbers with misses on the top and bottom lines. Filmed Entertainment revenue surged 67% to $1.08 billion on theatrical, which saw $336 million jump driven by the releases of Gladiator II and Sonic the Hedgehog 3. The latter is approaching nearly $500 million at the global box office, making it the highest-grossing film in the franchise, and is expected to be one of the 10 most profitable Paramount Pictures releases of the last decade.
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