<
https://www.laineygossip.com/paramount-pulling-titles-they-cant-maximize-for-profit-early-warning-sign-what-might-be-massive-period-library-loss-for-streaming-services/78473>
"Six months ago, there was a report that Warner Bros. Discovery and Paramount,
two of the oldest and most storied Hollywood studios, were considering a
merger. That deal did not materialize, though Paramount ended up coming within
literally TWO MINUTES of merging with Media—owned by tech nepo son David
Ellison—before the deal fell apart at the actual last minute.
Variety has a breakdown of what happened, but basically Paramount’s main
shareholder is Shari Redstone, who owns Paramount’s parent/holding company
National Amusements, Inc., and she was concerned about potential shareholder
lawsuits since she was set to make out better in the deal than other, more
regular-type shareholders. On the Skydance side, they think that a reduced pay
package for Redstone soured her on the deal. Why not both?
We’re not actually going to talk about Paramount’s immense debt (over $14
billion) and poor sale prospects, though, at least in part because for now,
Paramount seems to be going their own way with a three-prong “office of the
CEO” that seems like an inevitable power struggle but is also providing a way
forward for the studio that allows it to remain in business as itself unlike,
say, the entities now known as Amazon MGM Studios and 20th Century Studios.
What I really want to talk about is library loss."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
