Why Paramount-Warner merger has sparked fears about press freedom
Chairman's family ties to Trump and Israel raise questions over editorial independence at CNN and CBS.
This website’s original language is English. For translation, click the globe icon or choose Translate in the menu.
17 matching records found
Chairman's family ties to Trump and Israel raise questions over editorial independence at CNN and CBS.
Paramount Skydance completed its blockbuster $110 billion takeover of Warner Bros Discovery on Tuesday, creating a Hollywood heavyweight that hands CEO David Ellison control of one of the world's largest entertainment and news businesses. The deal brings together the studios behind "Mission: Impossible," "Harry Potter" and DC Studios alongside major television and streaming networks such as CBS, CNN and HBO Max. The Ellison family has notably held a long relationship with Republican President Donald Trump, who said that Skydance is “going to be a great company.”
Paramount Skydance Corp. closed its acquisition of Warner Bros. Discovery Inc., combining two of the five largest Hollywood film studios and uniting major franchises such as Harry Potter and Mission Impossible. The new company, called Skydance, will be home to dozens of TV networks and two major subscription streaming services, Paramount+ and HBO Max, and will be led by David Ellison and Ynon Kreiz as co-chief executive officers. Bloomberg's Hannah Miller joins to discuss. (Source: Bloomberg)
Tokyo, Oct. 2 (Jiji Press)--Three regional banks based in northeastern Japan--Aomori Michinoku Bank, Bank of Iwate and Akita Bank--are moving toward talks on a management integration. Procrea Holdings Inc., parent of Aomori Michinoku Bank, as well as Bank of Iwate and Akita Bank, said Friday that they would submit proposals to begin such talks to their respective boards the same day. The ...
Bloomberg entertainment reporter Lucas Shaw is on Bloomberg This Weekend examining Paramount Skydance’s acquisition of Warner Bros. Discovery and the challenge of turning two legacy media companies into a growing business as cable declines and streaming growth slows. Speaking with Lisa Mateo, Shaw says the merger could reshape Hollywood while raising questions about debt, further consolidation and whether streaming companies such as Netflix need new sources of growth. (Source: Bloomberg)
Glass Lewis & Co. is merging with European-focused ESG data and analytics firm Clarity AI, as the proxy adviser expands its footprint in a market where investor demand for managing climate and sustainability risks are on the rise.
Twelve states and Hollywood writers challenging Paramount’s buyout of Warner Bros. Discovery agreed to settle their lawsuits on Monday, effectively paving the way for the $81 billion mega merger to cross the finish line, with some new commitments from the company.
Paramount has reached a settlement with a group of US states that clears the way for its takeover of Warner Bros. Discovery, officials announced Monday, creating a Hollywood empire spanning television, news and cinema.
Paramount has reached a settlement with California and 11 other states that clears a major legal hurdle to its $110 billion takeover of Warner Bros. Discovery, with the deal imposing commitments on film production, jobs and editorial independence at CNN and CBS News.
Ellison-led Paramount will avoid daily $7m fee if the $110bn Warner Bros merger closes by September 30.
Geetha Ranganathan, Bloomberg Intelligence analyst, joined Bloomberg's Paul Sweeney and Scarlet Fu to discuss the latest on the ongoing Paramount and Warner Bros. merger. The settlement talks between Paramount Skydance Corp. and California officials over the planned acquisition of Warner Bros. Discovery Inc. are said to include a financial penalty if the company fails to make good on a promise to distribute 30 films per year in theaters. Paramount would have to pay $30 million for each film that falls short of that goal, according to two people familiar with the discussions who asked to not be identified because the negotiations are private. It could also be forced to sell its stake in Miramax, the studio behind movies such as Pulp Fiction, if it fails to meet the target, one of the people said. (Source: Bloomberg)
RJD’s Tejashwi Yadav says JD(U) will merge with BJP amid Bihar’s Uniform Civil Code row and buzz over renaming the party after Nitish Kumar
NextEra Energy Inc. and Dominion Energy Inc. have unveiled a package of benefits aimed at customers in Virginia, as the companies pursue regulatory approval for their proposed $67 billion mega-merger.