…which is mentioned in the story.
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Apollo along with many of Private Equity Firms looking to buy Paramount owner National Amusments
- Thread starter DarrenVision
- Start date
Updating, the view has sobered quite a bit, as they see how much this would cost:
www.nbcnewyork.com
Paramount stock slumps on reports that Skydance merger would require company to raise new equity
Paramount’s stock slumps after reports say the company will need to raise as much as $3 billion to merge with Skydance.
www.nbcnewyork.com
Wake me up when Chuck-E-Cheese offers to buy paramount, and someone let me know if stock prices rise again. How many more times are these companies going to keep crying wolf?
The company isn't the one doing the reporting.
So this is all a matter of what you want to believe. Speculators will jump on a rumor. If you don't care, there's an unwatch button at the top right of this thread.
Someone needs to write a script about turning this battle into a motion picture or TV series…
www.hollywoodreporter.com
Sony and Apollo Weigh Joint Bid for Paramount Global
The Japanese conglomerate and the U.S. asset management firm have held early discussions about teaming up to make a play for the entertainment company.
www.hollywoodreporter.com
So Columbia and Paramount are new Disney and Fox combo?Someone needs to write a script about turning this battle into a motion picture or TV series…
Sony and Apollo Weigh Joint Bid for Paramount Global
The Japanese conglomerate and the U.S. asset management firm have held early discussions about teaming up to make a play for the entertainment company.
One problem: Sony is still Japanese owned so they can’t own TV or radio stations nor a OTA network, but the studios and IPs they can own.
I doubt they have an interest in either of those things. Sony is a content company. They want Paramount's archive. I think it's pretty intact, as is the TV archive from CBS and Viacom.
From a cultural perspective, this means more of American culture and IP owned by foreign companies. Sony owns what was originally RCA and Columbia Records. So they own a lot of American music.
CBS once owned Columbia Records before Sony took over in 1989 followed by Columbia Pictures
Apollo might get the CBS News and Stations but it will conflict with Apollo's WPXI and WFXT along with the LMA operations of WFOX.
The Redstones regret that sale, made before they owned CBS. Larry Tisch made the sale when he was running CBS.
Sony Buys CBS Record Division for $2 Billion After Months of Talks
Ending months of on-again, off-again negotiations and widespread Wall Street speculation, CBS Inc. announced late Wednesday afternoon that it has reached an agreement to sell its record division to Sony Corp.
www.latimes.com
I call this period in the US record business the Great Schism of 1988, when Columbia was sold to Sony, and RCA was sold to Germany's BMG. About fifteen years later, BMG would sell RCA to Sony.
According to CNBC, Paramount CEO Bob Bakish will be fired on Monday. Shari Redstone flexing on her own executives again.
I have never been a fan of Bakish. He's been on the wrong side of many issues. His term as head of Viacom saw the stock value drop in half. When it combined with CBS, it dropped even further. He isn't a visionary thinker at all. They had much better people at the company, but all have left during his tenure. So it's now an empty shell.
Another potential headache since it follow what happened to Disney last year.
There's only one winner here, and it's Chris Winfrey of Charter. Removing Bob from Paramount makes them ill-prepared to face a long, brutal retransmission fight with Charter, who would not hesitate to remove MTV, VH1 and their other zombie cable channels with no purpose and no future (look at what Charter did to Freeform and FXX).
Wasn’t that all Sheri’s doing?
She was his big supporter.
Here we go a CEO change at Paramount.
Shari Redstone: willing to sabotage her vain dreams of selling Paramount Global by turning it into a total clown show.
That’s been her agenda forever.