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Skydance On Cost Cuts, Streaming Partnerships & Big Breakup Fee If Another Buyer “Comes Out Of The Woodwork” For Paramount
Skydance’s Daivd Ellison, Jeff Shell, and RedBird Capital woo Wall Street to Paramount deal with $2 billion in cost synergies, possible partnerships.
Skydance ’s David Ellison, Jeff Shell, and RedBird Capital looked to woo Wall Street to their planned merger with Paramount highlighting $2 billion in running cost synergies and streaming break-even in a few years, or sooner if a partner emerges. The possibility of a tech partnership came up consistently on a webcast with Wall Street analysts today, as well as international streaming agreements in the works under Par’s current CEO trio — but no details on either. Paramount shares had popped earlier premarket as the deal was confirmed late last night, but the stocks is now down more than 5%.
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