Paramount Concedes to Save $111 Billion Warner Bros. Deal
#Paramount #WarnerBrosDiscoveryParamount conceded to 12 Democratic attorneys general to save its $111 billion Warner Bros. Discovery takeover. It will keep the studios separate, release 30 films yearly, and create a board protecting CNN's newsroom independence. read more
Paramount may leave Hollywood in $110B merger
#Paramount #AntitrustParamount may leave Hollywood under CEO David Ellison's $110 billion Warner Bros. Discovery merger. A 12-state lawsuit, led by California, alleges antitrust violations, citing job cuts and higher prices. No relocation decision has been made. read more
CNN legal analyst Paula Reid to exit network
#CNN #ParamountCNN correspondent Paula Reid will leave the network as Paramount prepares to acquire Warner Bros. Discovery in a $111 billion deal, causing staff uncertainty. Her exit follows concerns over controversial CBS News editor-in-chief Bari Weiss. read more
Paramount President Exits Amid Fraud Lawsuit
#Paramount #MediaMergerParamount President Jeff Shell is stepping down amid a legal battle. He faces a lawsuit alleging fraud and securities violations, which he calls extortion. His departure comes as Paramount pursues a major acquisition of Warner Bros. Discovery. read more
Paramount+ Series "Happy Face" Chronicles Daughter's Discovery of Truth
#Paramount #USCrimeNewsMelissa G. Moore, daughter of the 'Happy Face' serial killer, will have her story portrayed in a new Paramount+ series. The show will premiere on March 20, focusing on the impact and emotions faced by the killer's family, shedding light on overlooked perspectives. + read more
Stars Shine at Paramount's Pre-Golden Globes Celebration in Beverly Hills
#Paramount #GoldenGlobesParamount hosted a pre-Golden Globes party in Beverly Hills with stars like Ewan McGregor and Billy Bob Thornton in attendance. The party featured appearances from notable celebrities, a sleek venue, and the serving of signature dishes accompanied by beverages. read more
Paramount's Edgar Bronfman Jr. Bid Fails, Paving Way for Merger
#Paramount #FilmIndustryParamount is known for classic films like The Godfather and Titanic. Edgar Bronfman Jr. dropped a $6 billion bid, clearing the way for Paramount's merger with Skydance after the consortium's failed equity financing. read more
#Paramount #streamingwars
Paramount+ plans to raise prices for its streaming service in late September. New subscribers will see an increase of $1 to $12.99 per month, while existing subscribers will see changes starting September 20. The move comes amid ongoing streaming wars. + read more
#Paramount #MergersAndAcquisitions
Bob Bakish, former Paramount CEO, stepped down amidst clash rumors with Shari Redstone. Sony and Apollo offered $26bn for Paramount, causing a 12% spike in the company's shares. Potential merger with Skydance Media faces scrutiny under the Biden administration. read more