In a memo to workers Monday, Chris McCarthy, George Cheeks and Brian Robbins — who’re collectively working Paramount after the ouster of CEO Bob Bakish — thanked Bakish for his tenure on the firm, whereas signaling a brand new technique forward. Paramount introduced Bakish was out on the firm Monday, simply forward of releasing first-quarter earnings, … Read more
As a purchaser group led by David Ellison’s Skydance Media goals to iron out a possible deal to take over Paramount World, many eyes on Wall Avenue are additionally watching carriage talks between the leisure conglomerate and cable large Constitution Communications. On April 30, that deal expires. Final 12 months, Constitution performed hardball with Disney … Read more
Paramount International unveiled its first-quarter monetary outcomes Monday as controlling shareholder Nationwide Amusements, led by Shari Redstone, is in unique sale negotiations with a gaggle led by David Ellison’s Skydance, in addition to Gerry Cardinale’s RedBird Capital and KKR. In the course of the newest quarter, the corporate hit 71 million Paramount+ streaming subscribers worldwide, … Read more
Paramount World CEO Bob Bakish is formally out on the firm. The leisure conglomerate — in the midst of a gross sales course of — is popping to a handful of prime executives to run the corporate. Chris McCarthy, George Cheeks and Brian Robbins will make up an “Workplace of the CEO,” working Paramount on … Read more