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What’s Next For Paramount After Skydance Merger Talks Fail
Shari Redstone will consider selling her ownership stake in Paramount, simpler than the merger transaction proposed by Skydance as that deal dies.
Going forward, Skydance doesn’t have any kind of slate financing deal in place on the Melrose lot, however he had dibs to step and co-finance such feature IP as the Mission: Impossible, Top Gun and Star Trek movies. At the annual shareholders meeting last week, Robbins, Cheeks and McCarthy laid out a path to divest non-core assets, unlock the value of content and possibly find a joint venture partner for streaming service Paramount+. “Any plan, and any potential buyer of Paramount, will have to contend with a company whose mix of assets presents in many ways a challenged hand for navigating the shifting winds of media,” said analyst Robert Fishman of MoffettNathanson.
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