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Sony and Apollo Discuss Joint Bid to Acquire Paramount Global

Sony Pictures Entertainment CEO Tony Vinciquerra is in talks with Apollo Global Management about making a joint bid to acquire Paramount, Deadline is reporting. The news comes as Skydance/Redbird Capital is also in exclusive talks with Paramount Global’s majority shareholder, National Amusements, to take control of the studio. Sony and Apollo’s offer is reportedly an…

Speculation Intensifies About Possible Merger of Warner Bros. Discovery and Paramount Global

Warner Bros. Discovery and Paramount Global are reportedly talking about a potential merger. According to press reports first published by Axios and confirmed by Variety, the CEOs of the two companies—Warner’s David Zaslav and Paramount’s Bob Bakish–met for lunch in New York on Tuesday to discuss the potential marriage. Zaslav has also reportedly been in talks…

SAG-AFTRA Actors Set to Strike After Contract Negotiations with Major Studios and Streamers Collapse

SAG-AFTRA, the union that represents approximately 160,000 Hollywood actors, is poised to go on strike after its talks with major studios and streamers have collapsed. The decision comes after the union completed its final day of negotiations with the studios and streamers yesterday, which didn’t produce an agreement, CNN is reporting. Fran Drescher, the president…

Paramount Media Networks to Shutter MTV News in Cost-Cutting Move

After thirty-six years of providing news and commentary oriented toward younger audiences, MTV News is being pink-slipped as part of a cost-saving move by Paramount Global. Chris McCarthy, who heads Paramount Media Networks, MTV and Showtime, told his staff last week that he company continues to “feel pressure from broader economic headwinds like many of…

Paramount Considering Shutting Down Showtime’s Stand-Alone Streaming Service and Moving Content to Paramount+

Paramount Global is in early discussions about the possibility of shutting down Showtime as a standalone service. If Paramount executives decide to move forward with the decision, Showtime’s slate of premium content will move to the company’s flagship streamer, Paramount+, according to the Wall Street Journal. There are no imminent changes currently being considered for…