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Paramount Demands $1.9 Billion Bond in Merger Lawsuit
BusinessNYTle-mondeFox News+8cnbcberlingskeBusiness InsiderYahoovarietyhollywood-reporterdeadlineseeking-alpha7d ago11 sources

Paramount Demands $1.9 Billion Bond in Merger Lawsuit

Paramount has demanded that state attorneys general and the WGA post a $1.88 billion bond to cover potential financial losses incurred by delays to its proposed merger with Warner Bros. Discovery. This demand comes as the company faces an antitrust lawsuit challenging the merger.

Paramount Considers CNN Sale to Resolve Antitrust Lawsuit
Businessdigi24naftemporiki12d ago2 sources

Paramount Considers CNN Sale to Resolve Antitrust Lawsuit

Paramount Skydance is reportedly exploring all options, including a potential sale of CNN, to settle an antitrust lawsuit filed by California concerning its acquisition of Warner Bros Discovery, a deal valued at $110 billion.

SpaceX Reports Increased Revenue and Significant Spending in Debut Earnings
BusinessBBCbloombergNYT+42FTle-mondeThe GuardianNPRAl Jazeeradr-dkyle-uutisetcnbc+34 more20d ago45 sources

SpaceX Reports Increased Revenue and Significant Spending in Debut Earnings

SpaceX's first-ever earnings report since its stock market debut shows higher revenues but also significant spending, leading to a loss in the first quarter. The company's AI investments are noted as a factor in its expenditures.

EU Approves Paramount-Warner Bros. Merger Amid US Hold
BusinessbloombergFTle-monde+38The Guardianyle-uutisetcnbctagesschaufazlsm-lvSCMPder-standard+30 more1mo ago41 sources

EU Approves Paramount-Warner Bros. Merger Amid US Hold

The European Union has given its conditional approval to the proposed merger between Paramount and Warner Bros. Discovery, while the deal remains on hold in the United States as a judge considers a preliminary injunction.

US Judge Halts Paramount's Acquisition of Warner Bros.
BusinessBBCbloombergNYT+46FTle-mondeThe GuardianNPRAl Jazeeracbccnbcnos+38 more1mo ago49 sources

US Judge Halts Paramount's Acquisition of Warner Bros.

A US federal judge has temporarily suspended Paramount's multi-billion dollar acquisition of Warner Bros. Discovery. The decision comes after several US states filed a lawsuit to block the merger.

Culturehollywood-reporter2mo ago

Amanda Alley Appointed VP at A/Vantage Pictures

Skydance alumna Amanda Alley has been named Vice President of Development and Production at A/Vantage Pictures, bringing her experience from projects like 'Way of the Warrior Kid' and the Matchbox movie.

New Analyst Reports Released for Major Corporations
FinanceYahoo3mo ago

New Analyst Reports Released for Major Corporations

New analyst reports have been released covering several major corporations, including DTE Energy Co, Nucor Corp, and Paramount Skydance Corp. These reports provide updated financial insights and recommendations for investors.

Paramount-WBD Merger Faces Scrutiny, Company Defends Deal
CultureNYTwapon1-serbia+4varietyhollywood-reporterdeadlinezerohedge3mo ago7 sources

Paramount-WBD Merger Faces Scrutiny, Company Defends Deal

Paramount and Skydance are defending their proposed merger with Warner Bros. Discovery against concerns raised by figures like Tom Steyer and congressmen regarding its potential impact on media and competition. The companies argue the combined entity is necessary to compete with larger streaming services and will boost theatrical distribution.

First Clayface Trailer Unveiled for James Gunn's DCU Body Horror Film
CultureAl Jazeerale-figaropublico+7varietyhollywood-reporterdanasdeadlinerolling-stoneignscreen-rant4mo ago10 sources

First Clayface Trailer Unveiled for James Gunn's DCU Body Horror Film

Warner Bros. has released the first trailer for the DCU's Clayface movie, teasing a grisly body horror film and confirming its R-rating. The trailer has generated significant discussion about the character's connection to James Gunn's DC Universe and the new Gotham City design.

Paramount Global Launches New Publishing Imprint for IP Adaptation
Culturevarietyhollywood-reporterdeadline4mo ago3 sources

Paramount Global Launches New Publishing Imprint for IP Adaptation

Paramount Global is re-entering the book business with the launch of a new publishing imprint, Paramount Global Publishing. The division will adapt the company's intellectual property into books and develop original stories for potential screen adaptations.

Jeff Shell in Talks to Exit as Paramount President
Culturevarietydeadline4mo ago2 sources

Jeff Shell in Talks to Exit as Paramount President

Jeff Shell's legal team has initiated preliminary discussions with Paramount Skydance regarding his potential departure as president, with a possible transition to an advisory role if he remains with the company.

What Happens to HBO After Paramount Buys Warner Bros.?
Culturevariety5mo ago

What Happens to HBO After Paramount Buys Warner Bros.?

Like the rest of the town last week, the shock news of Paramount Skydance’s 11th hour successful acquisition of Warner Bros. Discovery stung deep at HBO. According to at least one insider, when word came down on Thursday that Netflix had ended its pursuit of the company, HBO chairman and CEO Casey Bloys walked out […]

Paramount Skydance Loses Bid to Delay WBD Lawsuit
Businessrzeczpospolita20d ago

Paramount Skydance Loses Bid to Delay WBD Lawsuit

Paramount Skydance's attempt to delay a lawsuit regarding the acquisition of Warner Bros. Discovery was rejected by the court, which set a trial date for March, allowing WBD shareholders to calculate potential compensation.

WGA Sues to Block Paramount-Warner Bros. Discovery Merger
Culturele-mondejutarnji-listvariety+2hollywood-reporterdeadline1mo ago5 sources

WGA Sues to Block Paramount-Warner Bros. Discovery Merger

The Writers Guild of America (WGA) has filed a lawsuit to block the proposed merger between Paramount and Warner Bros. Discovery, alleging that the deal would lead to reduced pay and fewer opportunities for writers. State attorneys general have also filed emergency motions to halt the mega-merger, citing antitrust concerns.

UK Government Considers Intervention in Paramount's Warner Bros. Discovery Takeover
CulturebloombergFTThe Guardian+14SCMPFrance 24telexmarketwatchThe Independentn1-serbiaYahoojutarnji-list+6 more1mo ago17 sources

UK Government Considers Intervention in Paramount's Warner Bros. Discovery Takeover

The UK government is considering intervening in Paramount's proposed $110 billion takeover of Warner Bros. Discovery due to concerns over media ownership. This potential intervention could impact the significant merger between the two entertainment giants.

Paramount Establishes New Standalone Labor Relations Division
Culturevarietyhollywood-reporterdeadline2mo ago3 sources

Paramount Establishes New Standalone Labor Relations Division

Paramount has created a new standalone division dedicated to industrial relations, promoting Nicole Lang and Sheldon Kasdan to lead the restructured department. This move aims to streamline and enhance the company's approach to labor relations.

Donald Trump Booed at NBA Finals Game 3 in New York
BusinessBBCbloombergNYT+57FTwapoThe GuardianAl Jazeeradr-dkFox Newsyle-uutisetcbc+49 more2mo ago60 sources

Donald Trump Booed at NBA Finals Game 3 in New York

Former President Donald Trump was booed by spectators at Madison Square Garden during Game 3 of the NBA Finals in New York. His attendance also caused significant lines for other attendees.

Paramount Launches New Video Game Studio
Culturevarietyhollywood-reporterdeadline+1seeking-alpha2mo ago4 sources

Paramount Launches New Video Game Studio

Paramount has announced the formation of a new video game studio, Paramount Skydance, as a core pillar of its content strategy. This move signals the company's renewed and serious commitment to the video game industry.

Multiple Companies Report Quarterly Earnings Results
CulturebloombergNYTFT+28dr-dkFox Newsnzzyle-uutisetcnbcfazberlingskerzeczpospolita+20 more3mo ago31 sources

Multiple Companies Report Quarterly Earnings Results

Several companies, including ATN International, EVERTEC, Montrose Environmental, Phibro Animal, UGI, and TKO, have released their latest quarterly financial results. While some companies reported earnings that beat analyst expectations, others missed revenue or EPS forecasts.

UniCredit Reports Record Quarterly Profit
TechnologyReutersbloombergwsj+22FTcnbcfazSCMPder-standardorftelexmarketwatch+14 more3mo ago25 sources

UniCredit Reports Record Quarterly Profit

UniCredit Bank has announced a record quarterly profit, with its net profit in Czechia and Slovakia also seeing a significant increase. This financial performance highlights strong investment income for the banking group.

Warner Bros. Discovery Sets April 23 Shareholder Vote on Paramount Deal
Culturemarketwatchvarietyhollywood-reporter+2deadlineseeking-alpha5mo ago5 sources

Warner Bros. Discovery Sets April 23 Shareholder Vote on Paramount Deal

Warner Bros. Discovery has scheduled a special shareholder meeting for April 23 to vote on the proposed sale to David Ellison’s Paramount Skydance, a critical step in the acquisition process, with the sale moving full steam ahead.

The Paramount-Warner Bros mega-merger still has a few hurdles to get over
BusinessThe Guardian5mo ago

The Paramount-Warner Bros mega-merger still has a few hurdles to get over

The $110bn deal will require approval from regulatory authorities in the US, the EU and the UK Champagne reportedly flowed at Paramount Skydance headquarters late last week after the media conglomerate edged out Netflix to acquire the entirety of Warner Bros Discovery for a cool $110bn. And on a call with analysts and investors on Monday morning, David Ellison, Paramount Skydance’s chief executive, said the company was “absolutely confident” that the merger will expeditiously pass regulatory ...

David Zaslav Sells $114 Million Worth of Warner Bros. Discovery Stock
Culturevarietyhollywood-reporter5mo ago2 sources

David Zaslav Sells $114 Million Worth of Warner Bros. Discovery Stock

David Zaslav, president and CEO of Warner Bros. Discovery, filed to sell just over $114 million worth of stock in the company. His planned sale of the shares comes less than a week after WBD clinched a deal to sell itself to Paramount Skydance for $31 per share, after Netflix walked away from its deal […]

Paramount’s $110 Billion Warner Bros Deal Backed by Arab Sovereign Funds Raises Soft Power Concerns
CultureTimes of Indiavariety5mo ago2 sources

Paramount’s $110 Billion Warner Bros Deal Backed by Arab Sovereign Funds Raises Soft Power Concerns

Paramount Skydance’s $110 billion bid for Warner Bros. Discovery is not just a Hollywood deal. Powered by $24 billion from sovereign wealth funds in Saudi Arabia, Qatar and Abu Dhabi, the proposed merger is sparking debate over soft power, influence and media independence at a company that includes CNN and HBO. Saudi Arabia’s Public Investment […]

Paramount-Skydance to Acquire Warner Bros. Discovery
BusinessAPReutersbloomberg+8wsjFrance 24NHK WorldforbesYahoojerusalem-posttempo-englishvanguard-ng5mo ago11 sources

Paramount-Skydance to Acquire Warner Bros. Discovery

US media giant Paramount-Skydance has announced an agreement to acquire fellow company Warner Bros. Discovery, winning a bidding war against Netflix.

‘Not a done deal’: California vows ‘vigorous’ review of Paramount-Warner Bros takeover
BusinessThe Guardian5mo ago

‘Not a done deal’: California vows ‘vigorous’ review of Paramount-Warner Bros takeover

Attorney general says $111bn deal will be investigated amid concerns over monopoly power and job losses Rob Bonta, California’s attorney general, said his office will investigate a possible merger between Paramount Skydance and Warner Bros Discovery, hours after Netflix backed away from a planned takeover. “Paramount/Warner Bros is not a done deal,” Bonta said in a post on X. “These two Hollywood titans have not cleared regulatory scrutiny — the California Department of Justice has an open in...

Paramount Skydance Q2 Earnings Call Highlights
BusinessYahoo18d ago

Paramount Skydance Q2 Earnings Call Highlights

Highlights from the second-quarter earnings call for Paramount Skydance are provided. The summary likely details financial results, business developments, and future projections for the entertainment company.

Hollywood Explores Free Tiers for Streaming Services
BusinessBusiness Insider22d ago

Hollywood Explores Free Tiers for Streaming Services

Major Hollywood players like Disney and Paramount Skydance are considering introducing free, ad-supported tiers for their paid streaming services. Netflix co-CEO Greg Peters has also indicated that his company will continue to evaluate the possibility of a free tier.

Paramount Delays Warner Bros. Merger Amid Legal Challenges
BusinessBBCbloombergNYT+25FTThe GuardianNPRAl Jazeerayle-uutisetcbccnbcfaz+17 more1mo ago28 sources

Paramount Delays Warner Bros. Merger Amid Legal Challenges

Paramount has agreed to delay its $110 billion merger with Warner Bros. Discovery until at least June 2027, following a lawsuit filed by state attorneys general seeking to block the deal. The decision comes as legal challenges against the acquisition continue to play out in court.

Court Pauses Paramount-Warner Bros. Discovery Merger
BusinessBBCtagesschauder-standard+8rzeczpospolitamarketwatchpublicoYahoodnevnik-bgindian-expressThe Weekexpress-tribune1mo ago11 sources

Court Pauses Paramount-Warner Bros. Discovery Merger

A US judge has temporarily halted the proposed $81 billion merger between Paramount and Warner Bros. Discovery for two weeks, following an antitrust challenge.

12 US States Sue to Block Paramount-Warner Bros. Discovery Merger
CultureBBCbloombergNYT+25FTThe GuardianNPRAl JazeeracnbctagesschauDWle-figaro+17 more1mo ago28 sources

12 US States Sue to Block Paramount-Warner Bros. Discovery Merger

Twelve US states, along with various industry groups, have filed lawsuits seeking to block the proposed merger between Paramount and Warner Bros. Discovery. They argue that the combination would harm competition and is not in the public interest.

EU Top Court Upholds Google's €4.1 Billion Antitrust Fine
PoliticsBBCbloombergFT+57The Guardiannzzyle-uutisetcnbctagesschaufazberlingskeDW+49 more1mo ago60 sources

EU Top Court Upholds Google's €4.1 Billion Antitrust Fine

The European Union's top court has dismissed Google's appeal, upholding a record €4.1 billion ($4.5 billion) antitrust fine. The fine was imposed for Google's anti-competitive practices related to its Android mobile operating system.

Keith Cox Departs Paramount After Two Decades
Culturevarietyhollywood-reporterdeadline3mo ago3 sources

Keith Cox Departs Paramount After Two Decades

Veteran Paramount TV executive Keith Cox is leaving the company after 20 years, following the Skydance merger. Cox was instrumental in developing the 'Yellowstone' universe and led programming for multiple brands.

Warner Bros. Discovery Shareholders Approve Paramount-Skydance Merger
FinanceAPReutersBBC+49bloombergNYTFTThe GuardianNPRAl Jazeeranzzcbc+41 more4mo ago52 sources

Warner Bros. Discovery Shareholders Approve Paramount-Skydance Merger

Warner Bros. Discovery shareholders have approved a proposed $111 billion merger with Paramount and Skydance Media, though the deal still faces regulatory review. This approval occurred despite significant opposition to CEO David Zaslav's associated payout.

Jeff Shell Officially Departs as Paramount President Amid Investigation
CultureAPReutersbloomberg+9NYTwsjcnbcBusiness InsiderThe Independentvarietyhollywood-reporterdeadline+1 more4mo ago12 sources

Jeff Shell Officially Departs as Paramount President Amid Investigation

Jeff Shell has officially departed from his role as president of Paramount, following an internal investigation into allegations that he revealed non-public information. His ouster comes after a public dispute and legal battle with a professional gambler.

Paramount Raids Amazon for Ad Sales Veteran Danielle Carney
Culturevariety5mo ago

Paramount Raids Amazon for Ad Sales Veteran Danielle Carney

Paramount Skydance wants to battle Amazon and Google for digital ad dollars. And to do so, it has lured one of Amazon’s top ad sales executives to aid in the mission. Danielle Carney, who has in recent years supervised sports ad sales for Amazon Prime Video, is slated to join Paramount Skydance as head of […]