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Paramount Stock Retreats on Report Shari Redstone Not Interested in Apollo’s $11 Billion Studio Buyout Bid
Shari Redstone evidently remains firmly opposed to breaking up Paramount Global.
If Paramount Global were to sell off the studios business, “the rest of the company may appear hollow,” MoffettNathanson analysts led by Robert Fishman and Michael Nathanson wrote a March 20 research note. It’s possible that the company could forge a “creative deal” to license content from a newly separate studio, “but this would be a fundamental shift in a flywheel for businesses already in decline,” they added. Its library includes the Star Trek, Godfather, Transformers, Indiana Jones, Scream and Mission: Impossible franchises, as well as Oscar-winners like “Braveheart,” “Forrest Gump” and “Titanic.”
Or read this on Variety
