64-545: Paramount Streaming (formerly CBS Digital Media , CBS Interactive & ViacomCBS Streaming ) is a division of Paramount Global that oversees the company's video streaming technology and direct-to-consumer services; including Pluto TV and Paramount+ . It was founded in 2005, Tom Ryan is President and CEO. Founded in 2005 as CBS Digital Media. In 2007, CBS Digital Media rebranded as CBS Interactive. On May 30, 2007, CBS Interactive acquired Last.fm for £140 million (US$ 280 million). On June 30, 2008, CNET Networks
128-481: A 15.4% stake in the company for $ 2.6 billion. Nexstar announced on August 15 that it would acquire a 75% majority share in The CW; the remaining 25% would be shared equally by Paramount and Warner Bros. Discovery. As the deal did not require any regulatory approvals (unlike the "Big Four" networks, which includes CBS, The CW does not directly own any of its stations), Nexstar immediately took operational control of
192-632: A 45-day window to shop for matching or superior offers from other bidders. Redstone will receive $ 2.4 billion for her share in National Amusements. If Paramount were to find a better offer, Skydance would be entitled to a $ 400 million breakup fee payout from the company. Skydance's executive team supported the potential sale of several Paramount assets which were deemed "not strategic" to their plans, including BET and others. In August 2024, Paramount announced it would lay off 15% of its U.S. workforce, amounting to about 2,000 employees. The cuts came as
256-416: A 49% minority stake in film studio Miramax from beIN Media Group for $ 379 million. As part of the purchase, Paramount Pictures reached a long-term deal for exclusive distribution rights to its library, and first-look agreements to co-develop new film and television projects based on Miramax-owned properties. On March 2, 2020, executive vice president Dana McClintock announced that he would depart
320-519: A history of being associated with one another through a series of various corporate mergers and splits. Paramount Pictures was founded in 1912 as the Famous Players Film Company . CBS was founded in 1927, which Paramount Pictures held a 49 percent ownership stake in from 1929 to 1932. In 1952, CBS formed CBS Television Film Sales, a division which handled syndication rights for CBS's library of network-owned television series. This division
384-525: A partnership to launch a new streaming service in more than 20 European territories. SkyShowtime would replace already existing Paramount+ in the Nordics, Hungary, and Poland while launching a fully new service in Albania, Andorra, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Kosovo, Montenegro, Netherlands, North Macedonia, Portugal, Romania, Serbia, Slovakia, Slovenia, and Spain. ViacomCBS Streaming
448-438: A presentation to investors, ViacomCBS announced that it would change its name to Paramount Global beginning the following day; in a memo to staff announcing the change, it was stated that the rebranding was intended to leverage the "iconic global name", and would "reflect who we are, what we aspire to be, and all that we stand for". The company primarily does business as simply "Paramount". In May 2022, Berkshire Hathaway acquired
512-422: A result of a $ 6 billion write-down on its cable TV networks. This included the shutdown of Paramount Television Studios . The following month, Paramount sold Vidcon to UK firm Informa . In November 2024, it was reported that Shari Redstone would leave Paramount Global after the company completed its planned merger with Skydance Media. The merged entity will see David Ellison, founder of Skydance Media, assume
576-520: A sale of the BET Media Group to buyers led by BET CEO Scott Mills for $ 1.6-$ 1.7 billion. On July 7, 2024, Paramount's board approved the deal to merge with Skydance. Under the final deal, which has an enterprise value of $ 28 billion, Ellison would be appointed as Chairman and CEO of what is currently being called "New Paramount" and former NBCUniversal CEO Jeff Shell would become company president. Before finalization, Paramount Global would retain
640-538: A substantial loss. By May 17, Sony and Apollo signed non-disclosure agreements allowing them to investigate Paramount's private financial information, further progressing their bid. However, at that time, the companies were reportedly backing away from their all-cash offer and were re-thinking their approach to a deal for the company's assets. In late May, Skydance would revise its offer to acquire National Amusements, paying $ 2.25 billion and stipulating that Paramount's shareholders would receive $ 4.5 billion in cash, with
704-518: A three-way transaction between the companies. On April 18, it was reported that Sony Pictures was interested in acquiring Paramount Global through a joint buyout with Apollo. On April 29, 2024, Bob Bakish stepped down from his role as President and CEO. He was replaced by an office of the CEO, led by Brian Robbins , George Cheeks, and Chris McCarthy . The Los Angeles Times characterized this as an ouster by Redstone due to Bakish's reported opposition of
SECTION 10
#1732876518597768-461: Is Geo-restricted to the United States. In addition, local advertising from the advertisers of the nearest Audacy cluster of stations to a listener is substituted over a station's advertising , along with traditional national advertising, public service announcements and Audacy features such as music news, trivia, and other minutia. Professional sports play-by-play are also geo-restricted to within
832-552: Is an American multinational mass media and entertainment conglomerate controlled by National Amusements and headquartered at One Astor Plaza in Times Square , Midtown Manhattan . The company was formed on December 4, 2019, as ViacomCBS through the merger of the second incarnations of CBS Corporation and Viacom (which were split from the original Viacom on December 31, 2005). The company took its current name on February 16, 2022. Paramount's main properties include
896-562: Is available online via mobile devices and devices such as Chromecast and Amazon Fire TV . Audacy Corp. filed for Chapter 11 bankruptcy in the United States District Court for the Southern District of Texas on January 7, 2024 (case no. 24-90024), along with 47 affiliated companies. The law firm Porter Hedges, LLP is representing the firm. The bankruptcy petition lists assets and liabilities of more than $ 1 billion and
960-880: Is planned to be converted into equity in the restructured company, making Soros a significant shareholder. This investment aligns with Soros' recent media interests, including involvement in the acquisitions of Vice Media and a minority stake in Crooked Media . Under its proposed plan, existing shareholders will be wiped out, while high-ranking creditors will receive equity in the reorganized company. The plan requires court approval. On February 7, 2019, Entercom launched stations for CNN , CNN International , HLN , Bloomberg Radio and Bloomberg Television on Radio.com along with podcasts from Turner Podcast Network via deals with Bloomberg L.P. and Turner Broadcasting . Two weeks later, Radio.com reached deals to add Bonneville International and Cox Media Group stations and podcasts to
1024-506: Is the national umbrella brand for the company's radio network aggregating its over 235 local radio stations across the United States. In addition, the service includes thousands of podcasts created for the platform, hosted elsewhere or station programming on demand. It was initially developed by CBS Radio and was acquired by the former Entercom as part of the company's takeover of CBS Radio. The service's main competitors are rival station groups iHeartMedia 's iHeartRadio and TuneIn . Audacy
1088-459: The CBS Studio Center to Hackman Capital Partners and Square Mile Capital Management for $ 1.85 billion. On January 5, 2022, The Wall Street Journal reported that ViacomCBS and WarnerMedia (whose then-owner AT&T was selling it to Discovery to form Warner Bros. Discovery ) were exploring a possible sale of either a majority stake or all of The CW , and that Nexstar Media Group
1152-593: The Federal Trade Commission (FTC). On October 28, 2019, the merger was approved by National Amusements, which then announced the deal would close in early December; the recombined company trades its shares on Nasdaq under the symbols "VIAC" and "VIACA" after CBS Corporation delisted its shares on the New York Stock Exchange (NYSE). On November 25, 2019, Viacom and CBS announced the merger would close on December 4 and begin trading on NASDAQ on
1216-567: The iTunes Store and Google Play , uniting all of Entercom's web and mobile efforts for their properties solely under the Radio.com app and website. The CBS Radio stations, which were part of "CBS Local" sites with their former sister television stations, also saw their main web presences moved to sub-domains of Radio.com. Some of the former CBS Local domains in markets where CBS only had radio stations remained online until late 2021 despite no longer hosting local radio content, instead carrying content from
1280-520: The Audacy app in a new deal in August 2022. On August 17, 2021, Audacy announced a content distribution partnership with Urban One to add its stations to Audacy. On September 15, 2021, Audacy announced that Cumulus Media -owned radio stations and podcasts would be added. On May 23, 2023, Audacy signed a deal with Allen Media Group 's The Weather Channel to carry the audio of the cable network, along with
1344-640: The CBS Interactive division of video game websites, which includes GameSpot and GameFAQs , and has Gerstmann once again working directly with some of his former peers at GameSpot within the same building at the CBS Interactive headquarters. On April 17, 2012, it was announced that Major League Gaming and CBS Interactive would be entering a partnership alongside Twitch to be the only exclusive online broadcaster of their Pro Circuit competitions, as well as for advertising representation. On November 4, 2019, Variety reported that Jim Lanzone would be leaving
SECTION 20
#17328765185971408-992: The Middle East, Greece, and Turkey. On August 4, 2020, ViacomCBS announced that the company's connected video advertising platform, EyeQ, is set to launch in fall 2020. On September 14, 2020, ViacomCBS announced an agreement to sell the CBSi-owned CNET Media Group to Red Ventures for $ 500 million. The deal included the eponymous CNET tech site, as well as ZDNet , GameSpot , the TV Guide digital assets, Metacritic , and Chowhound . The deal closed on October 30, 2020. On November 17, 2020, various news outlets reported that companies such as Vivendi , Bertelsmann 's Penguin Random House and News Corp 's HarperCollins had considered acquiring Simon & Schuster for as much as $ 1.7 billion. ViacomCBS had expected
1472-476: The Skydance deal. McCarthy was legally designated the company's "interim principal executive officer" in order to comply with SEC regulations stipulating that one person must conduct "the normal course of business". On May 2, Sony and Apollo submitted a non-binding offer to Paramount for a $ 26 billion all-cash offer, with terms unclear at that point. Skydance's exclusive negotiation window ended on May 3, 2024 and
1536-621: The United Kingdom's Channel 5 , and Australia's Network 10 . From 2011 to 2023, the division also owned a 30% stake in the Italian Rainbow S.p.A. studio. As of 2019, the company operates over 170 networks and reaches approximately 700 million subscribers in 180 countries. In 2024, National Amusements held talks for a potential merger or acquisition of Paramount Global, with Warner Bros. Discovery , Sony Pictures , Apollo Global Management , and Skydance Media all considering acquiring
1600-479: The Viacom deal, such as Metro-Goldwyn-Mayer (MGM), Lionsgate, or Sony Pictures . Moonves also considered Bakish a threat because he did not want an ally of Shari Redstone as a board member of the combined company. On September 9, 2018, Les Moonves exited CBS Corporation following multiple accusations of sexual assault. National Amusements agreed to not propose a CBS Corporation-Viacom merger for at least two years after
1664-489: The bids to be placed before November 26. On November 25, 2020, Penguin Random House agreed to purchase Simon & Schuster for $ 2.175 billion; however, the deal was blocked two years later by U.S. federal judge Florence Y. Pan . On August 16, 2021, ViacomCBS announced that they had agreed to sell the CBS Building to the real estate investment and management firm Harbor Group International for $ 760 million, leasing
1728-516: The company after 27 years in CBS Communications. On March 4, the company announced plans to potentially sell its Simon & Schuster publishing unit, with Bakish arguing that it lacked a "significant connection for our broader business". On June 19, 2020, Jaime Ondarza, formerly the senior vice president of Turner Broadcasting South Europe and Africa, became the new head of ViacomCBS Networks International for France, Spain, Portugal, Italy,
1792-434: The company after nine years to become an executive in residence at Benchmark Capital and would be succeeded by Marc DeBevoise. CBS Interactive's parent CBS Corporation merged with sister company Viacom on December 4, 2019, forming ViacomCBS . On September 14, 2020, it was announced that Red Ventures would acquire the "CNET Media Group" from ViacomCBS for $ 500 million, which was finalized on October 30, 2020. After
1856-472: The company and forcing a merger that was not supported by it or Viacom . CBS Corporation also accused Redstone of discouraging Verizon Communications from acquiring it, which could have been beneficial to its shareholders. On May 23, 2018, Les Moonves explained that he considered the Viacom channels to be an " albatross ," and while he favored more content for CBS All Access (now Paramount+), he believed that there were better deals for CBS Corporation than
1920-453: The company and Radio.com as Audacy. The end tag of Audacy's station identifications was then changed to identify them as "an Audacy station", along with a seven-note sounder whose tone varies with a station's format (such as a guitar playing it for a rock station, or a softer sound for a 'Mix'-like station). The end tag for all Audacy's stations was changed once again in July 2022 to "Always live on
1984-407: The company taking $ 1.5 billion in debt reduction funds, which The Wall Street Journal reported an independent committee representing Paramount had ultimately recommended. By June 3, Paramount and Skydance had agreed to terms of a merger. A final deal was expected to be announced in the coming days. However, at that point, Redstone's National Amusements had not formally approved the deal. Redstone
Paramount Streaming - Misplaced Pages Continue
2048-467: The company. By June 3, Paramount reportedly agreed to merger terms with Skydance. However, by June 11, merger talks between Paramount and Skydance had fallen apart, resulting in the proposed merger being called off. The companies would later re-negotiate the deal, and on July 2, 2024, Skydance reached a preliminary agreement to acquire National Amusements and merge with Paramount to create "New Paramount". Paramount Pictures , CBS , and Viacom each had
2112-559: The date of the settlement. On May 30, 2019, CNBC reported that CBS Corporation and Viacom would explore merger discussions in mid-June 2019. CBS Corporation's board of directors was revamped with people who were open to merging; the re-merger was made possible with the resignation of Moonves, who had opposed all merger attempts. The talks had started following rumors of CBS Corporation acquiring Starz from Lionsgate. Reports said that CBS Corporation and Viacom reportedly set August 8 as an informal deadline for reaching an agreement to recombine
2176-401: The deal was called off. On January 12, 2018, CNBC reported that Viacom had re-entered talks to merge back into CBS Corporation, after the merger of AT&T and Time Warner and Disney 's proposed acquisition of most of 21st Century Fox 's assets were announced. Viacom and CBS Corporation also faced heavy competition from companies such as Netflix and Amazon . Shortly afterward, it
2240-426: The divestment of the "CNET Media Group", CBS Interactive was dissolved after an organizational restructuring and renamed ViacomCBS Streaming in order to accelerate ViacomCBS 'direct-to-consumer streaming strategies. On March 4, 2021, ViacomCBS Streaming renamed CBS All Access to Paramount+ , with additional streaming content and rebranding taking place at that time. In late 2021, Comcast and ViacomCBS announced
2304-541: The free Audacy app." Audacy, Inc. put the Radio.com domain up for auction on December 29, 2022, with a minimum required bid of $ 2.5 million ( USD ); by June 1, 2023, the auction had closed without a winner. On July 19, 2022, Audacy announced a redesign of their player on their website and their app to include enhanced features such as "Enhanced Rewind" allowing listeners to rewind spoken-word programming, curated discovery of content, seamless cross-device functionality, and enriched podcast listening. In early January 2024, it
2368-870: The namesake Paramount Pictures film and television studio, the CBS Entertainment (consisting of the CBS and partially owned The CW television networks and television stations , BET Media Group (which oversees the BET and VH1 channels, among others), and other CBS-branded assets), CBS Media Networks (consisting of U.S.-based cable television networks including MTV , Nickelodeon , Comedy Central , CMT , Paramount Network , and Showtime ) and Paramount Streaming (including Paramount+ and Pluto TV ). It also has an international division that manages international versions of its pay TV networks, as well as region-specific assets including Argentina's Telefe , Chile's Chilevisión ,
2432-423: The nearest CBS-owned television station . On June 25, 2018, Entercom announced that Radio.com would become the exclusive streaming provider for all of its stations, ending its relationship with the third-party service TuneIn . Stations previously owned by Entercom pre-merger were removed on July 6, and former CBS Radio stations were removed on August 1. At that time, Entercom's stations would also begin promoting
2496-530: The network on the same day. The deal was closed on October 3, with CEO Mark Pedowitz stepping down and Dennis Miller taking Pedowitz's role as president of The CW. Paramount's CBS News and Stations unit announced on May 5, 2023, that its eight CW stations would become independent on September 1, per the Nexstar buyout deal. On August 7, Paramount announced that it had agreed to sell Simon & Schuster to private equity firm KKR for $ 1.6 billion in cash. The sale
2560-482: The next day. On December 4, 2019, Bakish confirmed that the ViacomCBS merger had closed. On December 10, 2019, days after the merger, Bakish announced that ViacomCBS would look to divest Black Rock , the building that held CBS's headquarters since 1964. He stated, "Black Rock is not an asset we need to own and we believe that money would be put to better use elsewhere." On December 20, 2019, ViacomCBS agreed to acquire
2624-405: The number of creditors between 5,000 and 10,000. The radio.com domain was formerly owned by CNET Networks , which purchased it, and tv.com from the nonprofit Internet Multicasting Service for $ 30,000 in 1996. CNET, and in turn the radio.com domain, was acquired by CBS Corporation (the parent company of CBS Radio at the time) in 2008. Radio.com launched on July 16, 2010, under CBS Radio. It
Paramount Streaming - Misplaced Pages Continue
2688-550: The platform. On September 25, 2019, Salem Media Group and Alpha Media stations were made available on the service. Beasley Broadcast Group stations joined the service on November 11, 2020. On November 25, 2019, Disney Channels Worldwide agreed to terms to feature Radio Disney and Radio Disney Country's streams on the service; they were removed in January 2021 as Disney wound down their American radio operations, excluding ESPN Radio . Disney-branded music stations returned to
2752-423: The roles of chairman and CEO, while Jeff Shell, former CEO of NBCUniversal , will become president. Paramount Global comprises seven major units: Audacy Audacy , previously known as Radio.com , is a free broadcast and Internet radio platform developed by the namesake company Audacy, Inc. (formerly known as Entercom). The Audacy platform functions as a music recommender system and
2816-401: The running. On June 11, National Amusements announced they had failed to reach an agreement with Skydance to acquire Paramount. By July 2, 2024, Skydance renegotiated the deal and reached a preliminary agreement to acquire National Amusements and merge with Paramount. The deal was referred by National Amusements to Paramount's special committee. Also, Paramount reportedly entered talks for
2880-486: The service added a music video streaming option. These deals eventually ended quietly, especially after AOL and Yahoo's mergers into Oath . Entercom acquired CBS Radio, including Radio.com, on November 17, 2017. Throughout early and mid-2018, disparate individual mobile apps and sites for Entercom's legacy stations (sometimes developed outside Entercom by local third parties for individual stations and often not being hosted universally by one provider) were withdrawn from
2944-504: The service, in particular, suffixing "a Radio.com station" after their legal station identifications at the top of each hour. Smart speaker integration of the service was launched within the same period. In October 2019, the app debuted a feature called "Rewind", where several of Entercom's spoken word content stations maintain a 24-hour on-demand buffer of programming that can be accessed through rewind, fast-forward, and skip back/forward controls. On March 30, 2021, Entercom rebranded
3008-459: The space back under a short-term lease. On September 28, 2021, ViacomCBS announced that they had agreed to partner with software and data firm VideoAmp. On October 28, 2021, ViacomCBS announced that they had agreed to acquire a majority stake in the Spanish-language content producer TeleColombia & Estudios TeleMexico. On November 30, 2021, ViacomCBS announced that they had agreed to sell
3072-533: The streams of the Pattrn and Weather Channel en Español FAST channels. After a five-year absence, Audacy's stations returned to TuneIn at the end of June 2023 as part of a new content partnership with the latter. In addition to traditional desktop availability, the service is available via iOS / WatchOS and Android mobile and tablet devices, along with Amazon Alexa and Google Assistant -compatible smart speakers and other devices. Streaming of Audacy content
3136-651: The studio. On March 30, 2018, CBS Corporation made an all-stock offer slightly below Viacom's market value, insisting that its existing leadership, including long-time chairman and CEO Les Moonves , oversee the re-combined company. Viacom rejected the offer as too low, requesting a $ 2.8 billion increase and that Bob Bakish be maintained as president and COO under Moonves. These conflicts had resulted from Shari Redstone seeking more control over CBS Corporation and its leadership. Eventually, on May 14, 2018, CBS Corporation sued its and Viacom's parent company National Amusements and accused Redstone of abusing her voting power in
3200-404: The talks about the re-merger continued. On August 13, 2019, CBS and Viacom officially announced their merger; the combined company was to be named ViacomCBS, with Shari Redstone serving as chair. Upon the merger agreement, Viacom and CBS jointly announced that the transaction is expected to close by the end of 2019, pending regulatory and shareholder approvals. The merger required approval by
3264-570: The two media companies. CBS Corporation announced its plans to acquire Viacom as part of the re-merger deal for up to $ 15.4 billion. On August 2, 2019, it was reported that CBS Corporation and Viacom agreed to merge back into one entity, with both companies agreeing on the management team for the merger. Bob Bakish would serve as CEO of the combined company with the president and acting CEO of CBS Corporation, Joseph Ianniello , overseeing CBS Corporation-branded assets. On August 7, 2019, CBS and Viacom separately reported their quarterly earnings as
SECTION 50
#17328765185973328-446: Was acquired by CBS and the assets were merged into CBS Interactive, including Metacritic , GameSpot , TV.com , and Movietome . On March 15, 2012, it was announced that CBS Interactive acquired video game -based website Giant Bomb and comic book -based website Comic Vine from Whiskey Media , who sold off their other remaining websites to BermanBraun . This occasion marked the return of video game journalist Jeff Gerstmann to
3392-496: Was acquired by theater operator company National Amusements . Meanwhile, Paramount Pictures was acquired by Gulf and Western Industries in 1966, which then re-branded itself as Paramount Communications in 1989. Viacom then purchased Paramount Communications in 1994. In 1999, Viacom made its biggest acquisition to date by announcing plans to merge with its former parent CBS Corporation (the renamed Westinghouse Electric Corporation , which had merged with CBS in 1995). The merger
3456-536: Was announced that Audacy would be preparing to file for bankruptcy within the upcoming weeks. On January 7, 2024, Audacy filed for Chapter 11 bankruptcy protection. As part of the bankruptcy reorganization, Audacy has made a deal with its creditors to transfer control to them while cutting approximately $ 1.6 billion of its debt. Investment firm Soros Fund Management has emerged as the largest creditor in Audacy's prepackaged Chapter 11 bankruptcy proceedings, holding over $ 400 million of its highest-ranking debt. This debt
3520-494: Was completed in 2000, resulting in CBS reuniting with its former syndication division. On December 31, 2005, Viacom was split into two companies: CBS Corporation , the former's corporate successor, and the spun-off Viacom company. On September 29, 2016, National Amusements , the parent company of CBS Corporation and Viacom, wrote to Viacom and CBS Corporation encouraging the two companies to merge back into one company. On December 12,
3584-459: Was completed on October 30. On December 20, 2023, it was reported by Axios and The New York Times that David Zaslav , CEO of Warner Bros. Discovery, had met with Bob Bakish and had discussed a possible merger. Spokespeople for the two companies stated that the talks were preliminary and may not resulted in a deal, while Fox Business reported via internal sources that Zaslav was "not in deal mode". On January 10, 2024, National Amusements
3648-469: Was considered a leading bidder. Reports indicated that ViacomCBS and WarnerMedia could include a contractual commitment that would require any new owner to buy new programming from those companies, allowing them to reap some continual revenue through the network. Then-network president/CEO Mark Pedowitz confirmed talks of a potential sale in a memo to CW staffers, but added that "It's too early to speculate what might happen." On February 15, 2022, during
3712-520: Was not renewed, although the company was still interested in buying Paramount. The following day, Paramount's board members met, considering a "go-shop" approach for other such offers; it was ultimately decided that they would begin negotiations regarding Sony and Apollo's offer while still holding non-exclusive talks with Skydance. That same day, Berkshire Hathaway's Warren Buffett stated in an annual meeting that he had sold all of his shares in Paramount at
3776-442: Was originally launched as a central website to stream all of CBS's then 130 radio stations, Last.fm and other CBS properties. The original features were currently-playing information, song history, station and genre search, presets, blogs, newsfeeds, and social media tools. Later that year the service launched its first app for iOS . In addition the service added custom channels and music from AOL Radio and Yahoo Music . In 2015,
3840-510: Was renamed CBS Films in 1958, again renamed CBS Enterprises in January 1968, and finally renamed Viacom (an acronym of Video and Audio Communications) in 1970. In 1971, this syndication division was spun off amid new FCC rules forbidding television networks from owning syndication companies (these rules were eventually abolished completely in 1993). In 1986, Viacom purchased MTV Networks and Showtime/The Movie Channel Inc. from Warner Communications and American Express . In 1987, Viacom
3904-721: Was renamed as Paramount Streaming , in-line with the rebranding of parent company ViacomCBS to Paramount Global in February 2022. Some of the digital media properties under Paramount Streaming are: When the company was known as CBS Interactive, it owned several websites, most of which were sold to Red Ventures in 2020. Its former websites are: BNET , Chowhound , CNET , Comic Vine , Download.com , GameFAQs , GameRankings , GameSpot , Giant Bomb , Metacritic , MetroLyrics , onGamers , Radio.com , TechRepublic , TV.com , TVGuide.com , UrbanBaby and ZDNet . Paramount Global Paramount Global (also known simply as Paramount )
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#17328765185973968-592: Was reported that the combined company could be a suitor for acquiring the film studio Lionsgate . Viacom and Lionsgate were both interested in acquiring The Weinstein Company (TWC). Following the Weinstein effect , Viacom was listed as one of 22 potential buyers that were interested in acquiring TWC. They lost the bid, and on March 1, 2018, it was announced that Maria Contreras-Sweet would acquire all of TWC's assets for $ 500 million. Lantern Capital would later acquire
4032-513: Was reported to be considering a deal or merger regarding Paramount Global, with Skydance Media considering an all-cash bid of $ 2.5 billion for the earlier company. During this time, Paramount announced it would be laying off 800 employees. On February 27, 2024, CNBC reported that Warner Bros. Discovery halted the merger talks with Paramount. On April 2, 2024, Paramount and National Amusements approached Skydance for an exclusive acquisition window agreement. Shari Redstone and David Ellison sought
4096-508: Was reportedly displeased with the revised terms, as she would now received less money for her shares and Skydance wanted Redstone to assume legal liabilities in the case of shareholders lawsuits unhappy with the deal. She considered a sale of her company to another bidder, with such names as writer and producer Steven Paul , businessman Edgar Bronfman Jr. , Bain Capital , Patrón Tequila founder John Paul DeJoria and businessman Barry Diller in
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