#Sumner Redstone

[alltrekvarnews]

Los créditos de 'Mission: Impossible: Dead Reckoning' rinden homenaje al fallecido magnate Sumner Redstone, "amante del cine y amigo".

[marisatomay]

for people who only care about making money hollywood studio execs sure to do love to damage their long term relationships with talents that have made them gobs of money for decades in the name of a saving a few bucks right then

[gardenofwordss]

Success is not built on success. It's built on failure. It's built on frustration. Sometimes its built on catastrophe.

Sumner Redstone

[tomwambsmilk]

Re: your post about drawing explicit lines to real life events and people on Succession, it has been driving me crazy, especially everyone saying 4.08 was "just 2016". It was harrowing, yes, but there were elements of past elections mixed together, and the WI thing reminded me of 2000...idk why people want things to be so cut and dry, 1 for 1 comparisons, that would be lazy writing!!!!! Like...appreciate the good writing.

I 100% agree - the 2000 election is one of the ones that's been explicitly referenced by writers and consultants for 4.08, even more so than 2016 or 2020. If I had to separate out what may have influenced what, I'd say the situation around WI and ATN calling early is much more reminiscent of the hanging chad situation in Florida in 2000, where some news outlets wrongly called the election for Al Gore rather than Bush. The aftermath, however, feels much more reminiscent of the civil unrest which followed the 2020 election. But even then, none of it is exactly the same, because the succverse is its own world!! It really truly would be incredibly lazy to just thoughtlessly recreate the 2016/2020 elections but with succession characters and orgs, and Succession has almost always been better than that.

And tbh, ambiguity around news network calls is not exclusive to 2000, and civil unrest is not exclusive to 2020. I see a lot of connection between the temptation to read succ like this, and the tendency people had when Veep was airing to say it "predicted the future". It didn't really. What actually happened is that the writers of Veep had an awareness of the political landscape and history of the US, and the stories which 'came true' were usually based on or extrapolated from things that had already happened. Anyone who was paying attention could have 'predicted' that. (Veep usually exaggerated, because it was a satire, but it was a satire rooted in a lot of truth). But most people's political awareness seems to be limited to the last 10-20 years, and recency bias leads people to fixate on what's happened in the last couple of election cycles; hence the fixation on 4.08 as being representative of 2020.

(I saw one critic call the choice to have Mencken win under dubious circumstances and have democrats protesting a "subversion" of what happened in 2020 - because he's a republican, not a democrat - and it struck me as so incredibly stupid, not least of all because it shows how mired in modern partisan party politics many American viewers are, to such an extent that they aren't able to acknowledge the greater systemic critiques shows like Veep and Succession are trying to make. Political showmanship and the media-politician relationship and electoral fraud and political violence are not things the Republican party invented in 2016. They've been around forever, and while one party may have more of a history of these things than the other, to a certain extent they do transcend party lines.)

In terms of the family dynamics, it's similarly frustrating to see people go Roys = Murdochs, PGN = NYT, Mencken = Trump etc. because as soon as you shoehorn the characters into that framework you lose a lot of critique. Mencken is far more of an ideologue than Trump ever was, because the critique being put forward with Mencken is not about Trump the person (which would be shallow and topical and hopefully outdated relatively soon) but about fascism the ideology. The family dynamics of PGN emulate the family dynamics of the NYT trust in order to critique 'old money' news and how it operates - but operationally, aspects of PGN function more like a major outlet such as MSNBC, which allows the show to also critique the broader left-leaning media landscape. Even looking just at Logan Roy - Jesse has cited as influences not just Rupert Murdoch, but Conrad Black, Tiny Rowland, Lord Rothermere, William Randolph Hearst, Michael Eisner, Jeffrey Katzenberg, and Sumner Redstone. (In one direct quote from the book It's Not TV: "It's just fun to be completely freed from any sense of responsibility to portray real people realistically.") To read Logan only through the lens of Rupert Murdoch misses a lot of what the show is trying to say about the nature of wealth, particularly extreme wealth, in a capitalist system, and the role that the media plays in that system (and how that role has evolved over time).

And again, it's frustrating because I think it's indicative of this idea that the corruption and exploitation of the media landscape is a modern phenomenon and not something that's been present and developing since its inception, and I also think it's indicative of the belief that this sort of corruption and exploitation only occurs on the political right, when in actual fact it's something that wealthy and powerful people of all (professed) political stripes have engaged in.

[rlsantucijr]

"We all have to decide how we are going to fail.. by not going far enough or by going too far." -- Sumner Redstone #DailyQuote

[warningsine]

NEW YORK (AP) — The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape.

It also signals the rise of a new power player, David Ellison, the founder of Skydance and son of billionaire Larry Ellison, the founder of the software company Oracle.

Shari Redstone’s National Amusements has owned more than three-quarters of Paramount’s Class A voting shares through the estate of her late father, Sumner Redstone. She had battled to maintain control of the company that owns CBS, which is behind blockbuster films such as “Top Gun” and “The Godfather.”

Just weeks after turning down a similar agreement with Skydance, however, Redstone agreed to a deal on terms that had not changed much.

“Given the changes in the industry, we want to fortify Paramount for the future while ensuring that content remains king,” said Redstone, who is chair of Paramount Global.

The new combined company is valued at around $28 billion. In connection with the proposed transaction, which is expected to close in September 2025 pending regulatory approval, a consortium led by the Ellison family and RedBird Capital will be investing $8 billion.

Skydance, based in Santa Monica, California, has helped produce some major Paramount hits in recent years, including Tom Cruise films like “Top Gun: Maverick” and installments of the “Mission Impossible” series.

Skydance was founded in 2010 by David Ellison and it quickly formed a production partnership with Paramount that same year. If the deal is approved, Ellison will become chairman and chief executive officer of what’s being called New Paramount.

Ellison outlined the vision for New Paramount on a conference call about the transaction Monday. In addition to doubling down on core competencies, notably with a “creative first” approach, he stressed that the company needs to transition into a “tech hybrid” to stay competitive in today’s evolving media landscape.

“You’ve watched some incredibly powerful technology companies move into the ... media space and do so very successfully,” Ellison said. He added that it was “essential” for New Paramount to chart a similar course going forward.

That includes plans to “rebuild” the Paramount+ streaming service, Ellison noted — pointing to wider goals to expand direct-to-consumer business, such as increasing engagement time on the platform and reducing user churn. He also said that the company aims to transition to more cloud-based production and continue the use of generative artificial intelligence to boost efficiency.

Executives also outlined further restructuring plans for New Paramount on Monday’s conference call, with chairman of RedBird Sports and Media Jeff Shell noting that they had identified some $2 billion in cost efficiencies and synergies that they’ll “attempt to deliver pretty rapidly.”

Shell and others addressed the declining growth of linear TV. Flagship linear brands will continue to represent a big chunk of the company’s operations, but learning how to run this portion of business differently will be key, he said.

The on-again, off-again merger arrives at tumultuous time for Paramount, which has struggled to find its footing for years and its cable business has been hemorrhaging. In an annual shareholder meeting in early June, the company also laid out a restructuring plan that included major cost cuts.

Leadership at Paramount was also volatile earlier this year after its CEO Bob Bakish, following a number of disputes with Redstone, was replaced with an “office of the C.E.O,” run by three executives. Four company directors were also replaced.

Paramount is one of Hollywood’s oldest studios, dating back its founding in 1914 as a distributor. Throughout its rich history, Paramount has had a hand in releasing films — from “Sunset Boulevard” and “The Godfather,” to “Raiders of the Lost Ark” and “Titanic.”

The studio also distributed several early Marvel Cinematic Universe films, including “Iron Man” and “Thor,” before the Disney acquisition. In addition to “Mission: Impossible” and “Top Gun,” Paramount’s current franchises include “Transformers,” “Star Trek” and “Jackass.”

While Paramount has not topped the annual domestic box office charts for over a decade, the wild box office success of “Top Gun: Maverick” in 2022 (nearly $1.5 billion worldwide) was an important boon to both movie theaters and the industry’s pandemic recovery.

Still, its theatrical output has declined somewhat in recent years. Last year it released only eight new movies and came in fifth place for overall box office at around $2 billion — behind Universal (24 films), Disney (17 films), Warner Bros. and Sony.

This year the release calendar is similarly modest, especially with the absence of “Mission: Impossible 8,” which was pushed to 2025 amid the strikes. The studio has had some successes, with “Bob Marley: One Love” and “A Quiet Place: Day One,” and still to come is Ridley Scott’s “Gladiator” sequel.

The National Association of Theatre Owners, a trade organization that represents over 35,000 screens in the U.S., said in a statement Monday that it plans to look closely at the details of the merger with an eye towards whether it will produce more or less theatrical releases.

“We are encouraged by the commitment that David Ellison and the Skydance Media team have shown to theatrical exhibition in the past,” said Michael O’Leary, president and CEO of the National Association of Theatre Owners. “A merger that results in fewer movies being produced will not only hurt consumers and result in less revenue, but negatively impact people who work in all sectors of this great industry – creative, distribution and exhibition.”

Sumner Redstone used National Amusements, his family’s movie theater chain, to build a vast media empire that included CBS and Viacom, which have merged and separated a number of times over the years. Most recently, the companies re-joined forces in 2019, undoing the split consummated in 2006. The company, ViacomCBS, changed its name to Paramount Global in 2022.

Under Sumner Redstone’s leadership, Viacom became one of the nation’s media titans, home to pay TV channels MTV and Comedy Central and movie studio Paramount Pictures.

It is a company with a rich history, as well as a deep bank of media assets, and Skydance wasn’t the only one to gun for Paramount in recent months — Apollo Global Management and Sony Pictures also made competing offers.

Late last year, Warner Bros. Discovery also made headlines for exploring a potential merger with Paramount. But by February, Warner had reportedly halted those talks.

[tfgadgets]

David Ellison Poised to Become a New Mogul in a Diminished Hollywood

In 1994, when Sumner M. Redstone bought Paramount Pictures for about $10 billion, the equivalent of about $22 billion today, he did more than just take over a company. He ascended a cultural throne. Studios like Paramount — founded in the 1910s, operating soundstage complexes and controlling vast film libraries — were valuable businesses on the verge of hitting a mother lode: the DVD. Perhaps…

[xnewsinfo]

In 1994, when Sumner M. Redstone purchased Paramount Footage for about $10 billion, equal to about $22 billion right now, he did greater than merely purchase an organization: he ascended a cultural throne.Studios like Paramount — based within the 1910s, which operated complexes of recording studios and managed huge movie libraries — had been beneficial firms that had been on the cusp of putting a goldmine: the DVD. However maybe extra importantly, they gave their house owners a beneficial identification as licensed members of the cultural elite.Films remained king. Among the many top-grossing movies of 1994 had been such landmark movies as “The Lion King,” “Schindler’s Listing,” “Interview with the Vampire,” “Mrs. Doubtfire,” “Philadelphia,” “Velocity” and “The Rolling Stones.” In 1995, when “Forrest Gump,” a Paramount launch, received the Oscar for finest image, greater than 48 million People tuned in to see it.These days are over now.On Sunday, the Redstone household reluctantly stepped down from Paramount and handed the studio over to David Ellison, the tech inheritor behind a 14-year-old leisure firm known as Skydance. If the advanced deal closes, Ellison and his backers, together with RedBird Capital Companions, will spend roughly $8 billion on a variety of belongings that features Paramount, CBS, two streaming companies and a portfolio of cable networks together with MTV, Nickelodeon, BET and Comedy Central.Contemplating the studio was price simply $22 billion in 1994, it wasn’t precisely a second of celebration in Hollywood. Somewhat, it was one other instance of harsh actuality intruding on a world that also likes to fantasize about recapturing its golden age. (Common not too long ago renovated its lot, including an indication over one of many entrance gates that reads: “Welcome all who change the world.”)Positive, Ellison, 41, is now thought-about a bona fide Hollywood mogul. However what does that imply in 2024? His rise appears nothing like that of the robber barons like Redstone who preceded him — partially as a result of there isn’t a lot left to steal.With a number of exceptions (most notably animated movies), the field workplace has been a catastrophe; Memorial Day weekend was the worst in almost 40 years, after adjusting for inflation. Most streaming companies have been monetary disasters; Paramount+ alone has misplaced almost $4 billion for the reason that begin of 2022. Metro-Goldwyn-Mayer and twentieth Century are little greater than logos. Warner Bros. is on its fourth superhero reboot effort in eight years."We can't in good conscience encourage them to take up our occupation," stated the Artwork Administrators Guild, which represents set designers. and different movie specialists, he stated in Could, when he suspended his coaching program. A current column in Deadline, an leisure business publication, described Hollywood, battered by the coronavirus pandemic, two prolonged union strikes and the rising reputation of TikTok, as “one thing post-apocalyptic, with zombies and plenty of smoldering ruins.”Synthetic intelligence is threatening jobs, notably within the fields of visible results and animation. Streaming has facilitated content material piracy.The Oscars have been on life help. This yr's ceremony attracted 19.5 million viewers, 60 p.c fewer than in 1995.Not like Redstone’s glory days, the period starting at Paramount will likely be outlined by Ellison’s abilities as a tinkerer. On Monday, he acknowledged as a lot, telling analysts on a convention name that he meant to remodel the gathering of belongings right into a “expertise hybrid.” He would achieve this, he stated, by drawing on his expertise as a producer of Skydance movies similar to “High Gun: Maverick” and “The Tomorrow Struggle,” whereas leveraging his Silicon Valley relationships; Ellison is the son of Oracle founder Larry Ellison.“Should you had been to enter a lab and design the proper govt for the subsequent technology of the Hollywood firm, you'd actually spit out David Ellison, as a result of not solely can he go to a desk learn, he can go into the subsequent room and code,” Jeff Shell, Ellison’s high lieutenant on the new firm, stated on the decision. Shell was beforehand chief govt of NBCUniversal, the place he was identified for altering long-held Hollywood enterprise practices, together with theatrical launch patterns. (Shell left NBCUniversal final yr after acknowledging “an inappropriate relationship with a girl on the firm.”)Gerry Cardinale, founding father of RedBird Capital, stated Ellison would make Paramount “the car for controlling how these established conventional media companies will likely be run sooner or later.”They didn’t give many particulars, with two exceptions: Ellison plans to revamp Paramount+ whereas additionally chopping and burning older companies to search out greater than $2 billion in “price efficiencies and synergies” (to place that quantity in context, the corporate’s former administration workforce stated final month that $500 million in cuts was aggressive sufficient).Mr. Ellison has run Skydance as an ultra-lean operation. Larry Ellison has additionally proven a scarcity of tolerance for Hollywood largesse, forcing a restructuring of Annapurna Footage, his daughter’s money-losing firm, in 2018. Annapurna has largely exited the film enterprise and has discovered success with independently produced video video games.Paramount has been by means of increase and bust cycles earlier than. Within the Sixties, the studio's proprietor, the Gulf & Western Industries conglomerate, was on the verge of promoting a struggling Paramount due to its actual property worth. Negotiations started with a cemetery that borders the studio and consideration was given to extra burial plots.That’s when Paramount’s younger manufacturing chief, Robert Evans, turned a macabre drama, “Rosemary’s Child,” right into a box-office hit. Evans turned the studio right into a showcase for culture-defining cinema, serving up “The Godfather,” “Chinatown” and “City Cowboy,” amongst others. Barry Diller took the helm, delivering hits like “Raiders of the Misplaced Ark,” “Grease” and “The Gifted Detective.” Sherry Lansing saved Paramount in fine condition within the late Eighties and ’90s with movies like “Deadly Attraction,” “Braveheart” and “Titanic,” a co-production with Fox.Mr. Ellison has a deep respect for Paramount’s historical past. On Monday’s name with analysts, he repeatedly stated he wished to reclaim the studio’s standing as a haven for storytellers, however he additionally made clear that nostalgia would not suffice.“This can be a defining and transformative second for our business,” Ellison stated. “We're dedicated to reenergizing the enterprise and strengthening Paramount with modern expertise, recent management and artistic self-discipline that goals to counterpoint future generations.”

[influencermagazineuk]

Paramount and Skydance Media to Merge in $28 Billion Deal

The deal for the merger between the famous Hollywood studio Paramount Global and Skydance Media is tagged at $28 billion. Under the new deal, the company will move out of the management of the Redstone family while trying to firm up its position in an entertainment business that has changed radically. A Big Hollywood Change: Paramount Merges with SkydanceAccording to people briefed on the matter, Paramount Global, one of the oldest and most famous companies in Hollywood, is near to a deal with Skydance Media worth about $28 billion. Shari Redstone will sell her family's controlling stake in the agency; she serves as the non-executive chair of Paramount. The roots of this long technology stretch back to the late Sumner Redstone, whose circle of relatives transformed a small chain of pressure-in cinemas into one large media empire.  End of an Era The Redstone family has traditionally held the reins of Paramount. They transformed a small agency into a large media group with the inclusion of popular TV networks like CBS, Comedy Central, Nickelodeon, and MTV. "Our hope is that the Skydance transaction will enable Paramount's continued success in this rapidly evolving landscape," said Shari Redstone.  A Global Reach The TV stations affiliated with Paramount have more than 4.3 billion subscribers across over 180 countries and therefore are extremely popular. The deal would marry Paramount — known for cinematic classics such as "Chinatown" and "Breakfast at Tiffany's" — to Skydance, which has shared the financial burden on recent hits like "Top Gun: Maverick" and "Star Trek into Darkness."  Skydance's Investment As part of this deal, Skydance is reportedly going to invest some $eight billion in Paramount. This includes the cost of $2.4 billion that will be paid for National Leisure - the enterprise that controls Paramount. Although National Leisure owns only 10% of the stocks at Paramount, it does hold nearly eighty% of the voting rights and, therefore, big control over the employer.  A Long History Paramount Global was initially established in 1914 as Paramount Pictures Corporation. Many successes of this studio include such hits as "The Godfather," "Star Trek," and the "Mission: Impossible" franchise. Things, however, haven't been so great for the studio lately, with their stocks falling by more than 75 percent in the last five years. Who owns Skydance?David Ellison is part of the founder family of Skydance Media; his father is Larry Ellison, the co-founder of tech giant Oracle. The announcement comes eight months ahead of the merger date, after months of advanced talks. Shari Redstone has had meetings with a number of potential partners, including Sony and private equity firm Apollo. Leadership Changes In May, the CEO of Paramount, Bob Bakish, stepped out of the business enterprise due to apparent differences between him and Shari Redstone on the Skydance deal. This happened at a time when the worldwide enjoyment industry, whose landlord has traditionally used the approach of film and TV theater operations for becoming, was undergoing essential modification due to the upward thrust of video streaming offerings. Read the full article

[novumtimes]

Paramount announces $28B US merger with Skydance a new era for famed Hollywood studio

Entertainment giant Paramount will merge with production company Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. It also signals the rise of a new power player, David Ellison, the founder of Skydance and son of billionaire Larry Ellison, the founder of the software company Oracle. Shari Redstone’s National Amusements has owned more than three-quarters of Paramount’s Class A voting shares through the estate of her late father, Sumner Redstone. She had battled to maintain control of the company behind blockbuster films such as Top Gun and The Godfather. Just weeks after turning down a similar agreement with Skydance, however, Redstone agreed to a deal on terms that had not changed much. “Given the changes in the industry, we want to fortify Paramount for the future while ensuring that content remains king,” said Redstone, who is chair of Paramount Global. The new combined company is valued at around $28 billion US. Skydance, based in Santa Monica, Calif., has helped produce some major Paramount hits in recent years, including Tom Cruise films like Top Gun: Maverick and instalments of the Mission Impossible series. Skydance was founded in 2010 by David Ellison and it quickly formed a production partnership with Paramount that same year. Ellison, if the deal is approved by U.S. regulators, will become chairman and chief executive officer of what’s being called New Paramount. Paramount’s losses, debts ongoing The on-again, off-again merger arrives at a tumultuous time for Paramount, which in an annual shareholder meeting in early June laid out a restructuring plan that includes major cost cuts. Leadership at Paramount has been volatile this year after its CEO Bob Bakish, following a number of disputes with Redstone, was replaced with an “office of the CEO,” run by three executives. Four company directors were also replaced. Paramount, however, has struggled to find its footing for years and its cable business has been hemorrhaging. To capture today’s growing streaming audience, the company launched Paramount+ back in 2021, but losses and debts have continued to grow. LISTEN | Why this historian says big money is killing Hollywood:  Front Burner22:41Is high finance killing Hollywood? Sumner Redstone used National Amusements, his family’s movie theatre chain, to build a vast media empire that included CBS and Viacom, which have merged and separated a number of times over the years. Most recently, the companies re-joined forces in 2019, undoing the split consummated in 2006. The company, ViacomCBS, changed its name to Paramount Global in 2022. Under Sumner Redstone’s leadership, Viacom became one of the nation’s media titans, home to pay-TV channels MTV and Comedy Central and movie studio Paramount Pictures. It is a company with a rich history, as well as a deep bank of media assets, and Skydance wasn’t the only one to gun for Paramount in recent months — Apollo Global Management and Sony Pictures also made competing offers. Late last year, Warner Bros. Discovery also made headlines for exploring a potential merger with Paramount. But by February, Warner had reportedly halted those talks. Source link via The Novum Times

[milanisa]

"Success is not built on success. It's built on failure. It's built on frustration. Sometimes it's built on catastrophe." - Sumner Redstone

[marisatomay]

i am cautiously extending my empty cup in hopes for some spilt tea. what's happening?

Today it was announced that Tom Cruise would be moving his production company to Warner Bros.

Now, Tom Cruise has had a long relationship with Paramount, starting in 1986 with Top Gun, so when he set up his production company in 1993 (31 years ago) they gave him a first-look deal and offices on their lot and—except for a brief stint in the late 00s, when he and his producing partner Paula Wagner had a falling out with former Paramount head Sumner Redstone and were kicked off the lot (it was said by Redstone to be because of Cruise’s public breakdown but everyone knew it was because Paramount was looking to cut costs and decided to slash and burn), which led to a brief stint where Cruise/Wagner co-ran United Artists with MGM for about 3 years before Redstone and co. got over themselves and brought Cruise back to Paramount—he has been until now.

His deal with Paramount was never exclusive and neither is his new deal with WB. He’s still working on MI8 and, as far as I know, plans to shoot that movie in space with Universal/NASA. He's worked with every studio (barring Disney and their subsidiaries since 1988) consistently over his career. It's just extremely notable that he would move his production company out of Paramount when he never has done so of his own volition before. The only comp I can think of (albeit on a smaller scale) is if Steven Spielberg suddenly moved Amblin out of Universal.

There are really fascinating business and creative implications here—What is the current state of Paramount? What are Shari Redstone et al doing that their biggest star has up and left? What does it say for Cruise’s late career that the press release seemed to really emphasize original theatrical releases?—BUT (!!) I love gossip. I want to know, blow by blow, exactly what, when, and how it happened that Tom Cruise decided to move his production company out of Paramount for the first time of his own volition.

I need to know. Is Cruise doing this as part of a larger effort to save WB from itself? Did Paramount know that Cruise was being courted by WB and so they intentionally fumbled the release of Dead Reckoning in hopes that it would flop in order to make a deal with Cruise look less desirable? Had Cruise noticed that almost all of his non-franchise work over the last 20 years had been with studios other than Paramount and, after one too many original ideas were shot down, he decided to start looking around? Did he fall out with Paramount leadership over something immensely stupid and catty? Did they fallout over his support for his agent who was being blacklisted for supporting Palestine? Is he being brought in to bring Zaslav to heel? I need to know everything. This is the juiciest thing to happen in Hollywood in a minute.

[cinemacentury]

Sunday, May 26, 2024

"This great evil, where's it come from? How'd it steal into the world? What seed, what root did it grow from? Who's doing this? Who's killing us, robbing us of life and light, mocking us with the sight of what we might've known? Does our ruin benefit the earth, does it help the grass to grow, the sun to shine? Is this darkness in you, too? Have you passed through this night?"

193. THE THIN RED LINE (Terrence Malick, 1998) - United States/Japan/Belgium/Canada - Theatrical (35mm) - Museum of the Moving Image, Sumner Redstone Theater - 171 minutes. Repertory screening as part of the series See it Big at the '90s Multiplex. New to me #175.

[isagrimorie]

I'm so sad this didn't push through, all because shareholders think they're players in Succession.

Apollo Global/Sony deal isn't likely to happen either.

Even if the deal with Skydance doesn’t materialize, that does not necessarily mean the Sony/Apollo deal will go forward. According to Variety while the committee will consider the offer (as they are required to do), the regulatory hurdles are considered a “deal breaker.” Redstone is also reportedly against the Sony deal as it would almost certainly see Paramount Global broken up, essentially becoming a brand within Sony’s portfolio. So, at least in the short term, Paramount appears ready to “go it alone” as noted by media analyst Rich Greenfield.

Shareholders allowed Sumner Redstone to do a lot more shenanigans but now they think they should dictate the Paramount sale when they've been useless for two decades running.

Also, FTC will have something to say about reducing major studios from 5 to 4, especially since one of the studios is a foreign-owned company.

TLDR, this is just going to enforce more belt-tightening for all of Paramount's properties and will definitely affect Star Trek productions.

[homesteadpros1]

Success is not built on success. It's built on failure. It's built on frustration. Sometimes it's built on.- Sumner Redstone Redstone https://homesteadpros.com