In keeping with Deadline, Skydance Media and its backers have reached a deal to speculate an astounding $8 billion {dollars} in a takeover of Paramount World–a deal mentioned to place “gold-plated media belongings together with CBS, Nickelodeon and Paramount Pictures in new arms for the primary time for the reason that Nineteen Eighties.”
After the corporate obtained approval this previous Sunday from Paramount’s board of administrators, the complete committee agreed on a plan to first purchase Nationwide Amusements Inc.–the movie show holding firm owned by Shari Redstone, a girl whose household controls practically 80% of Paramount’s voting shares, together with, however not at all restricted to, CBS, Comedy Central, BET, Showtime, Nickelodeon and MTV–earlier than unfolding a full merger with Skydance subsequent yr.
Skydance CEO David Ellison will now be “chairman and CEO” of the brand new Paramount-Skydance hybrid (ParaDance? Dancin’ Mount?), whereas former NBCUniversal chief, Jeff Shell, will function president. Variety additional reviews that, as is seemingly inevitable in any information a few multi-billion greenback deal, Skydance will start in search of a return on its cash with an eye-watering $2 billion in cuts already recognized by Ellison and Shell.
Now as readers of this web site, I do know the query you’re all asking: What does this imply for the future of Star Trek, precisely? Below the earlier regime, the beloved franchise has seen a resurgence in recent times–what with Picard, Unusual New Worlds, Prodigy, Decrease Decks and Discovery–however will Ellison and firm share the identical enthusiasm for the property? This after all, stays, to be seen, however the studio did co-produce the final two theatrical options, so maybe Terry Matalas will lastly get one other assembly about his dream Star Trek series, Legacy, after he’s finished with all those other projects. The corporate did produce seven seasons of Grace & Frankie, in spite of everything…
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