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Sony Apollo Paramount Merger Wouldn’t Reduce Theatrical Output, Though TV & Streaming Assets Would Be Shed
Sony Apollo Paramount Merger: Movie Output To Remain High, TV Assets To Be Sold
The news about theatrical output is per Deadline tonight, while the New York Times reported earlier that Sony and Apollo have plans to cut Paramount’s TV assets in their $26 billion bid for the entertainment company. Per the NYT, Sony hasn’t shared their plan with Paramount and its consiglieres who decided on May 4 to hold separate talks with Sony/Apollo and continued negotiations with David Ellison’s Skydance/Red Bird. That strategy would remain unchanged with the addition of Paramount, the idea that the Melrose Ave lot’s OTT service would be unloaded to Comcast’s Peacock or Warner Bros Discovery’s Max.
Or read this on Deadline
