Get the latest gossip
Shari Redstone Tells Staff That Skydance Has “Resources To Build On Paramount Global’s Competitive Advantages”
Paramount Global's Shari Redstone Thanks Staff In Face of Skydance Takeover
What’s often not realized by incoming bosses –especially as the Motion Picture side of Paramount has built a kickass feature slate of A Quiet Place: Day One, Transformers One, Smile 2 and Gladiator II this year — is that if it ain’t broke, well then, don’t fix it. Skydance Media ‘s David Ellison will be the new Chairman and CEO of the new conglom with former NBCUniversal chief Jeff Shell acting as president after the transaction passes the regulatory process in early 2025. Despite the 45-day go-shop period, it sounds like Redstone has made up her mind that Paramount Global is Skydance’s to lose: “The agreement we entered into today is subject to closing conditions, and we expect the deal to be completed in the first half of 2025.”
Or read this on Deadline
