{"id":256516,"date":"2024-07-07T19:19:46","date_gmt":"2024-07-08T02:19:46","guid":{"rendered":"https:\/\/www.mediaplaynews.com\/?p=256516"},"modified":"2024-07-10T03:45:13","modified_gmt":"2024-07-10T10:45:13","slug":"paramount-agrees-to-tentative-merger-with-skydance-media","status":"publish","type":"post","link":"https:\/\/www.mediaplaynews.com\/paramount-agrees-to-tentative-merger-with-skydance-media\/","title":{"rendered":"Paramount Agrees to Tentative Merger With Skydance Media"},"content":{"rendered":"

A special committee of Paramount Global’s board reportedly has approved a $1.75 billion merger between Skydance Media and National Amusements, the parent of Paramount that owns 77% of the company’s stock and is headed by Shari Redstone, daughter of late company founder Sumner Redstone.<\/p>\n

\"\"
David Ellison<\/figcaption><\/figure>\n

Under terms of the deal reported by numerous media<\/a> outlets, Santa Monica, Calif.-based Skydance would merge with Paramount, whose assets include Paramount Pictures, CBS, Comedy Central, BET, Showtime and Paramount+ streaming platform.<\/p>\n

A formal announcement of the deal could happen either late tonight or on July 8.<\/p>\n

Consummation of the merger comes less than a month after a similar deal (which included all of Paramount Global) between Skydance, headed by David Ellison, and National Amusements, fell apart at the 11th hour after Redstone balked.<\/p>\n

The new agreement is just between Skydance and National Amusements.<\/p>\n

Paramount Global is currently headed by a trio of senior executives collectively known as the “Office of the CEO,” which includes CFO Naveen Chopra.<\/p>\n","protected":false},"excerpt":{"rendered":"

A special committee of Paramount Global’s board reportedly has approved a $1.75 billion merger between Skydance Media and National Amusements, the parent of Paramount that owns 77% of the company’s stock and is headed by Shari Redstone, daughter of late company founder Sumner Redstone. Under terms of the deal reported by numerous media outlets, Santa … Continue reading “Paramount Agrees to Tentative Merger With Skydance Media”<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":256519,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[166,3,271,653],"tags":[1641,14776,4516],"coauthors":[65],"class_list":["post-256516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial","category-news","category-studios","category-top-news-story","tag-national-amusements","tag-paramount-global","tag-skydance-media"],"acf":[],"yoast_head":"\nParamount Agrees to Tentative Merger With Skydance Media - Media Play News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mediaplaynews.com\/paramount-agrees-to-tentative-merger-with-skydance-media\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paramount Agrees to Tentative Merger With Skydance Media - Media Play News\" \/>\n<meta property=\"og:description\" content=\"A special committee of Paramount Global’s board reportedly has approved a $1.75 billion merger between Skydance Media and National Amusements, the parent of Paramount that owns 77% of the company’s stock and is headed by Shari Redstone, daughter of late company founder Sumner Redstone. Under terms of the deal reported by numerous media outlets, Santa … Continue reading "Paramount Agrees to Tentative Merger With Skydance Media"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mediaplaynews.com\/paramount-agrees-to-tentative-merger-with-skydance-media\/\" \/>\n<meta property=\"og:site_name\" content=\"Media Play News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MediaPlayNews\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-08T02:19:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-10T10:45:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mediaplaynews.com\/wp-content\/uploads\/2024\/07\/Paramount-Global.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Erik Gruenwedel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MediaPlayNews\" \/>\n<meta name=\"twitter:site\" content=\"@MediaPlayNews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Erik Gruenwedel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.mediaplaynews.com\/paramount-agrees-to-tentative-merger-with-skydance-media\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.mediaplaynews.com\/paramount-agrees-to-tentative-merger-with-skydance-media\/\"},\"author\":{\"name\":\"Erik Gruenwedel\",\"@id\":\"https:\/\/www.mediaplaynews.com\/#\/schema\/person\/09762ad64f0fa5e8f80202e42dce24fa\"},\"headline\":\"Paramount Agrees to Tentative Merger With Skydance Media\",\"datePublished\":\"2024-07-08T02:19:46+00:00\",\"dateModified\":\"2024-07-10T10:45:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.mediaplaynews.com\/paramount-agrees-to-tentative-merger-with-skydance-media\/\"},\"wordCount\":177,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/www.mediaplaynews.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.mediaplaynews.com\/paramount-agrees-to-tentative-merger-with-skydance-media\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mediaplaynews.com\/wp-content\/uploads\/2024\/07\/Paramount-Global.jpg\",\"keywords\":[\"National Amusements\",\"Paramount Global\",\"Skydance Media\"],\"articleSection\":[\"Financial\",\"News\",\"Studios\",\"Top News Story\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.mediaplaynews.com\/paramount-agrees-to-tentative-merger-with-skydance-media\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mediaplaynews.com\/paramount-agrees-to-tentative-merger-with-skydance-media\/\",\"url\":\"https:\/\/www.mediaplaynews.com\/paramount-agrees-to-tentative-merger-with-skydance-media\/\",\"name\":\"Paramount Agrees to Tentative Merger With Skydance Media - 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