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Top related persons:
Shari Redstone - 10 David Ellison's Skydance - 9 Bob Bakish - 6 Ellison - 4 hasn't - 4 Skydance - 3 Bakish - 3 David Ellison's - 3
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Sun Valley , Idaho U.S Apollo Beverly Hills , California E.W Laguna Beach , California Los Angeles
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Paramount - 11 Paramount Global - 8 CNBC - 5 Redstone - 5 Skydance - 4 KKR - 4 Netflix - 4 Bloomberg - 4

Search resuls for: "David Ellison's Skydance"


17 mentions found


☆ Skydance bid for Paramount hinges on Shari Redstone as special committee ends exclusive talks
  + stars: | 2024-05-03 | by ( Alex Sherman Lillian Rizzo | Alex Sherman | Lillian Rizzo | ) www.cnbc.com   time to read: +2 min
Shari Redstone, chair of Paramount Global, attends the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on Tuesday, July 11, 2023. The consortium has been waiting for word from Paramount's special committee on whether the panel will recommend its bid to acquire the company to Redstone. Spokespeople for Skydance, Redstone's National Amusements and Paramount's special committee declined to comment on Friday. Previously, Redstone rejected an offer by Apollo in favor of exclusive talks with Skydance. Redstone has preferred a deal that would keep Paramount together, as Skydance's offer would, CNBC previously reported.
Persons: Shari Redstone, David Ellison's Skydance, CNBC's David Faber, Ellison, Spokespeople Organizations: Paramount Global, Allen, Co . Media, Technology Conference, Skydance, Apollo Global Management, Sony Pictures, RedBird Capital, KKR, Paramount, Apollo, Sony, CNBC, Redstone Locations: Sun Valley , Idaho
☆ Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid
  + stars: | 2024-05-02 | by ( Julia Boorstin Alex Sherman Lillian Rizzo | Julia Boorstin | Alex Sherman | ) www.cnbc.com   time to read: +4 min
Spokespeople for Paramount, Redstone's National Amusements, the special committee and Skydance declined to comment. Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company for about $26 billion, according to people familiar with the matter. Paramount Global shares jumped more than 12% on the news that Sony and Apollo submitted a letter formalizing its interest, earlier reported by The New York Times and Wall Street Journal. A $26 billion offer for Paramount Global values the company higher than the company's current $22 billion enterprise value. Redstone could also argue she's more comfortable with pushing forward at Paramount Global without a sale.
Persons: Skydance, hasn't, David Ellison's Skydance, Shari Redstone, It's, Redstone's, Bob Bakish Organizations: Paramount, Sony, Apollo, Skydance, RedBird Capital, KKR, Sony Pictures, Apollo Global Management, Paramount Global, The New York Times, Wall Street Journal, Hollywood, Matrix Asset Advisors, Aspen Sky Trust, Redstone Locations: Apollo
☆ Paramount axed its CEO, then held a bizarre earnings call where it played the 'Mission: Impossible' theme song over and over and refused to take questions
  + stars: | 2024-04-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com   time to read: +3 min
No questions were taken and the call ended with the Mission: Impossible theme being played on loop. The company announced the departure of its president and CEO Bob Bakish before the call. AdvertisementParamount executives didn't take any questions during the company's earnings call on Monday, and ended up blasting the Mission: Impossible theme music on loop to their investors instead. The entertainment studio's first quarterly earnings call of the year took place after Paramount announced the ouster of its president and CEO Bob Bakish. The earnings call ran for only 8 minutes and 50 seconds, and the executives in attendance weren't open to taking questions.
Persons: Bob Bakish, —, didn't, Bakish, George Cheeks, Chris McCarthy, Brian Robbins, Jaime Morris, Anna Nicolaou, Matthew Belloni, Alex Stedman, Shari Redstone, David Ellison's Skydance, David Ellison, Larry Ellison, There's, Paramount didn't Organizations: Paramount, Service, — CBS, Showtime, MTV Entertainment, Paramount Pictures, Nickelodeon Nickelodeon, Financial Times, Netflix, David Ellison's Skydance Media, Oracle, BI
☆ Paramount CEO Bob Bakish is officially out
  + stars: | 2024-04-29 | by ( Paul Squire | ) www.businessinsider.com   time to read: +2 min
CEO Bob Bakish will step down and be replaced by a trio of senior executives. David Ellison has been itching to strike a deal with Shari Redstone to buy Paramount. AdvertisementParamount announced Monday that its president and CEO Bob Bakish is out and will be replaced by a trio of execs. Bakish is stepping down from the entertainment studio as major shareholder Shari Redstone inches closer to a possible sale of her controlling stake in the company. In the statement, Shari Redstone (who also serves as the chair of the board) said she has "tremendous confidence" in the new leadership.
Persons: Bob Bakish, David Ellison, Shari Redstone, —, Shari, David Ellison's Skydance, Larry Elison, George Cheeks, Chris McCarthy, Brian Robbins, Bakish, David Ellison's Organizations: Paramount, Service, Oracle, Bloomberg, — CBS, Showtime, MTV Entertainment Studios, Paramount Media Networks, Nickelodeon, Board, Paramount Global, Hollywood
☆ Paramount and Skydance inch closer to a merger as key hurdle looms
  + stars: | 2024-04-25 | by ( Alex Sherman | ) www.cnbc.com   time to read: +2 min
Paramount Global and Skydance Media are making progress on a deal that would merge the media companies and buy out controlling shareholder Shari Redstone. The entertainment company will be valued at around $5 billion and merged with Paramount Global, said the people, who asked not to be named because the discussions are private. Three of the people said that Paramount Global was slow to open a data room to the Skydance consortium, which has slightly pushed back the timeline on a deal. Skydance plans to name Ellison as CEO of Paramount Global and former NBCUniversal CEO Jeff Shell as the president, said two of the people. Spokespeople for Apollo, the Paramount Global special committee, Paramount Global, and Skydance's consortium declined to comment.
Persons: National Amusements Shari Redstone, Shari Redstone, David Ellison's Skydance, Ellison, Jeff Shell, Bob Bakish, hasn't, Spokespeople Organizations: National Amusements, Allen, Co, Sun, Paramount Global, Skydance, Paramount, KKR, RedBird Capital Partners, Sony, Apollo Locations: Sun Valley , Idaho
☆ Paramount stock slumps on reports that Skydance merger would require company to raise new equity
  + stars: | 2024-04-04 | by ( Micah Washington | ) www.cnbc.com   time to read: +1 min
Paramount Global 's stock slumped 8% on Thursday after CNBC's David Faber reported the company would need to raise as much as $3 billion in new equity if it were to merge with David Ellison's Skydance Media, according to sources familiar with the deal. This deal comes as media mogul Shari Redstone, the controlling shareholder of Paramount, is said to be in exclusive talks with Ellison on selling her stake to him, according to Bloomberg. Faber said Ellison and his partners would likely step up to provide a good amount of that equity, but it would be dilutive. Redstone is looking to sell Paramount, as the company has been in talks with Warner Bros Discovery on its acquisition. The MTV and CBS parent company has a market capitalization of nearly $10 billion and about $13 billion of net debt.
Persons: CNBC's David Faber, David Ellison's Skydance, Shari Redstone, Ellison, Faber Organizations: Paramount, David Ellison's Skydance Media, Bloomberg, Wall Street Journal, Apollo Global Management, Redstone, Warner Bros Discovery, MTV, CBS
☆ Byron Allen, offering $14 billion for Paramount, has a long history of media bids that haven't materialized
  + stars: | 2024-01-31 | by ( Ryan Anastasio | ) www.cnbc.com   time to read: +4 min
Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Byron Allen, the media mogul offering $14 billion for Paramount Global , told CNBC on Wednesday that he has the money to finance a deal, despite skepticism around his deal-making. Allen told CNBC he hasn't received a response from Paramount to his most recent offer. Paramount reported in its third-quarter earnings report that its streaming platform, Paramount+, increased its subscriber count to 63 million. Allen told CNBC he wants to buy Paramount for its linear networks, what he says is the most challenging part of the company.
Persons: Byron Allen, Allen, hasn't, Shari Redstone, David Ellison's, Tegna Allen, of Famer Babe Ruth, Babe Ruth, Ruth, Paramount's, — CNBC's Alex Sherman, Julia Boorstin Organizations: Allen Media Group, Milken Institute Global Conference, Paramount Global, CNBC, Federal Communications Commission, Street, Paramount, CBS, Showtime, Nickelodeon, Media, Paramount Pictures, Warner Bros, Black Entertainment Television, VH1, Bloomberg, Scripps, ABC, Disney, National Football League's, The Weather, of Famer, Netflix, CNBC PRO Locations: Beverly Hills , California, U.S, E.W
☆ Paramount CEO announces layoffs as cost pressures, take-private talks build
  + stars: | 2024-01-25 | by ( Sara Salinas | In Saracsalinas | ) www.cnbc.com   time to read: +2 min
Paramount CEO Bob Bakish announced layoffs at the media company Thursday, citing a need to "operate as a leaner company and spend less." Paramount did not immediately disclose how many jobs the company would cut. The company reports quarterly earnings at the end of February and plans to elaborate on its 2024 strategy then. The cuts come as a range of companies in the media industry and beyond announce layoffs while they push to trim costs. The layoffs also come as David Ellison's Skydance Media explores a deal to take Paramount private, CNBC reported Wednesday.
Persons: Bob Bakish, Bakish, David Ellison's Skydance Organizations: Paramount, Los Angeles Times, Business, Sports, CNBC, Hollywood, CNBC PRO
☆ David Ellison's Skydance Media explores acquiring all of Paramount Global, sources say
  + stars: | 2024-01-24 | by ( Alex Sherman | ) www.cnbc.com   time to read: +3 min
David Ellison's Skydance Media and its financial backers are exploring a deal to take private all of Paramount Global , people familiar with the matter told CNBC. It is unclear if Redstone would demand a different premium for selling National Amusements than the remaining shareholders of Paramount Global would obtain. Skydance isn't interested in a deal where it would only acquire National Amusements but not all of Paramount, said the people. Spokespeople for RedBird, Skydance, Paramount Global and National Amusements declined to comment. Discovery has also had preliminary discussions about acquiring Paramount Global, according to people familiar with the matter.
Persons: Shari Redstone, David Ellison's, Ellison, hasn't, Skydance, Larry Ellison, Skydance hasn't, Skydance isn't, Puck Organizations: National Amusements, CBS, Viacom, Media, Paramount Global, CNBC, Skydance, Paramount, RedBird Capital Partners, KKR, Netflix, YouTube, Apple, Oracle, MTV, VH1, Comedy Central, Nickelodeon, National, Warner Bros, Redstone, Discovery, Comcast, Street, Amusements, Bloomberg Locations: Laguna Beach , California, U.S
☆ Warner Bros. Discovery and Paramount Global in early merger talks
  + stars: | 2023-12-20 | by ( Alex Sherman Mike Calia | Alex Sherman | Mike Calia | ) www.cnbc.com   time to read: +2 min
Warner Bros. Discovery and rival Paramount Global are in early merger talks, sources familiar with the matter told CNBC. Warner Bros. Warner Bros. Warner Bros.
Persons: David Zaslav, Bob Bakish, Shari Redstone, David Ellison's Skydance, Gerry Cardinale's, Liberty Media's John Malone, Joe Biden's, There's, Axios, — CNBC's Drew Richardson Organizations: Warner Bros . Discovery, Paramount Global, CNBC, Warner Bros, Discovery, Paramount, Redstone, Amusements, CBS, Warner Media, Netflix, Liberty, Media, Morris Trust, Comcast, CNBC PRO
☆ Paramount shares jump after reports of takeover interest
  + stars: | 2023-12-08 | by ( Drew Richardson | ) www.cnbc.com   time to read: +1 min
The Paramount logo is seen on a building in Los Angeles on Nov. 13, 2023. Paramount Global shares surged Friday following reports from Deadline and Puck News that Skydance and RedBird Capital were exploring potentially taking over the media giant. Paramount shares closed up more than 12% Friday. Meanwhile, the company is reportedly considering bundling its Paramount+ streaming service with Apple TV+. Paramount, RedBird Capital and Skydance did not immediately respond to CNBC's requests for comment.
Persons: Shari Redstone, weathers, Goldman Sachs, Gerry Cardinale, David Ellison's Skydance, Skydance Organizations: Paramount, Paramount Global, Puck, RedBird, Apple Locations: Los Angeles
☆ How the boom in sports documentaries on streaming is opening up a new path for athletes as content creators
  + stars: | 2023-02-02 | by ( Elaine Low | Ashley Rodriguez | ) www.businessinsider.com   time to read: +5 min
A boom in sports documentaries has offered athletes more ways to be on screen and build their brands. Players and their agents are looking for hits like Netflix Formula 1 doc series "Drive to Survive." Being featured in a sports doc can dramatically raise an athlete's profile, giving them more fans and more branding power. Netflix's "Drive to Survive" was credited with doing wonders for F1 fandom, particularly stateside, where American interest has historically been scarce. "These people can go on the air and broadcast their own content and they can capture and keep their own content," said Octagon VP of content and development Jason Weichelt.
☆ How athletes are cashing in on 'the Netflix effect' as sports documentaries boom at Apple TV+, Amazon, and more streamers
  + stars: | 2022-12-22 | by ( Elaine Low | Ashley Rodriguez | ) www.businessinsider.com   time to read: +4 min
A boom in sports documentaries has offered athletes more ways to be on screen and build their brands. Players and their agents are looking for hits like Netflix Formula 1 doc series "Drive to Survive." Apple TV+, HBO, and Amazon are all competing for sports docs that bring viewers into athletes' lives. Being featured in a sports doc can dramatically raise an athlete's profile, giving them more fans and more branding power. Netflix's "Drive to Survive" was credited with doing wonders for F1 fandom, particularly stateside, where American interest has historically been scarce.
☆ 11 production companies cashing in on Hollywood's sports content boom, from Religion of Sports to SpringHill
  + stars: | 2022-11-28 | by ( Claire Atkinson | Colin Salao | ) www.businessinsider.com   time to read: +5 min
Netflix's Formula 1 series, "Drive to Survive" is the model other streamers and leagues hope to emulate. Insider identified 11 top companies making scripted and documentary sports content to feed the boom. Investment firms Shamrock, RedBird Capital, and Providence Equity have all made sports content plays, with Shamrock spearheading an investment in Religion of Sports in June. Speaking to buyers, sellers, and other industry stakeholders, Insider identified 11 production companies making the most sought-after sports content. These shingles are poised to capitalize — with many attracting investment and acquisition interest — as Amazon and other streamers keep buying.
☆ 'Top Gun' studio Skydance just inked a TV and film partnership with the NFL. Here are 10 more top production companies capitalizing on the sports content boom.
  + stars: | 2022-11-16 | by ( Claire Atkinson | Colin Salao | ) www.businessinsider.com   time to read: +4 min
The NFL has partnered with Skydance Sports to create a "global multi-sport production studio." Netflix's Formula 1 series, "Drive to Survive" is the model other streamers and leagues hope to emulate. Insider identified 11 top companies making scripted and documentary sports content to feed the boom. NFL is muscling into the booming sports production world, investing in a new joint venture with David Ellison's Skydance Sports. Speaking to buyers, sellers, and other industry stakeholders, Insider identified 11 production companies making the most sought-after sports content.
☆ Meet 9 top media bankers transforming the M&A landscape and driving deals for Warner Bros. Discovery, Legendary, Amazon, and more
  + stars: | 2022-10-20 | by ( Claire Atkinson | ) www.businessinsider.com   time to read: +5 min
2022 kicked off with some huge transactions, from AT&T's WarnerMedia spin-off to private equity scooping up content players. Brad Pitt's production company, Plan B, and Diamond Sports Group both recently tapped big banks to explore their options. Not surprisingly, WarnerMedia was at the heart of the richest transaction fee waterfall for big banks in 2022. Moelis and LionTree were just tapped to help figure out what's next for Sinclair's Regional Sports Networks, Diamond Sports Group, while Brad Pitt's production company, Plan B, also hired Moelis to shop the production company, according to Variety. There's lots of dry powder still in private equity, Navid Mahmoodzadegan, co-founder and co-president at investment bank Moelis, told Insider.
☆ Meet 9 top media bankers transforming the M&A landscape as streaming video reshapes entertainment
  + stars: | 2022-09-29 | by ( Claire Atkinson | ) www.businessinsider.com   time to read: +4 min
2022 kicked off with some huge transactions, from AT&T's WarnerMedia spin-off to private equity scooping up content players. Company valuations are set to fall back to earth in 2023, and private equity and strategics are lying in wait. Not surprisingly, WarnerMedia was at the heart of the richest transaction fee waterfall for big banks in 2022. Joshua Grode's Legendary Entertainment, backed by Dalian Wanda and now Apollo Group, which took a stake in the studio in January. There's lots of dry powder still in private equity, Navid Mahmoodzadegan, co-founder and co-president at investment bank Moelis, told Insider.
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