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Jeff Shell, the president of Paramount Skydance, was sued Monday by a man who claims he is owed $150 million for crisis communications services and for Shell’s refusal to help produce a TV show. via: Deadline “Jeff knows he f*cked up,” an insider told Deadline this AM as the long anticipated action by Robert James “RJ” Cipriani hit the court docket. “His second act is over,” the source added of Shell, who was booted from NBCUniversal in 2023 under the cloud of misconduct with

A few months ago, Larry and David Ellison's Paramount said it had lined up big backers for its bid to acquire Warner Bros. Discovery: three Middle Eastern countries, which would contribute a total of $24 billion to help buy the media conglomerate. via: Variety Paramount Skydance’s $110 billion bid for Warner Bros. Discovery is not just a Hollywood deal. Powered by $24 billion from sovereign wealth funds in Saudi Arabia, Qatar and Abu Dhabi, the proposed merger is sparking deb

David Ellison isn’t planning for a Game of Thrones-style Red Wedding scenario at HBO. via: THR David Ellison wants to forge a modern media and entertainment empire, and Warner Bros. Discovery will become its centerpiece. The CEO of Paramount on Monday spoke for the first time about the $110 billion megadeal, which will see the smaller company, backed by tens of billions from his father Larry Ellison and tens of billions in debt from a consortium of lenders, swallow the larger

Paramount is looking to revive its “G.I. Joe” franchise, with Max Landis and Danny McBride each penning scripts based on the Hasbro toy franchise. via; CBM In news that's certain to raise a few eyebrows, Max Landis is set to make a Hollywood comeback... seven years after his career took a nosedive during the #MeToo movement. The controversial writer has been hired to pen a new G.I. Joe movie for Paramount, and the studio has also enlisted Danny McBride to work on a separate s

Netflix confirmed today that it has received the full $2.8 billion breakup fee for its WBD acquisition deal from Paramount — a move many industry observers see as clearing the runway for Paramount Skydance to finalize its acquisition push. via: Variety Per an SEC filing, Netflix said Warner Bros. Discovery “provided notice to Netflix that it had terminated the Merger Agreement in accordance with its terms in order to enter into an Agreement and Plan of Merger with PSKY in res

Rob Bonta, California’s Attorney General, is promising to conduct a “vigorous” review of Paramount Skydance’s acquisition of Warner Bros. Discovery as he warned the companies not to get ahead of the regulatory process in their celebrations. via: THR “Paramount/Warner Bros. is not a done deal,” California Attorney General Rob Bonta said on Thursday. “These two Hollywood titans have not cleared regulatory scrutiny — the California Department of Justice has an open investigation

In a stunning twist, Netflix is declining to raise its bid for Warner Bros., positioning David Ellison’s Paramount as the winner in the battle for the fabled studio. via: Variety Paramount Skydance is poised to acquire Warner Bros. Discovery in its entirety after a whirlwind afternoon in which Netflix dropped out of the hunt despite having reached an agreement in December to acquire most of WBD. Netflix on Thursday afternoon formally declined to increase its offer for Warner

David Ellison's Paramount Skydance has revised its bid for Warner Bros. Discovery, putting pressure on Netflix to follow suit. via: Variety Paramount Skydance has filed what is believed to be a sweetened bid for Warner Bros. Discovery, opening a new round of haggling in efforts to snare the company’s HBO Max streaming service and Warner Bros. studios to help fuel economics amid a frenetic battle to stay afloat in the entertainment sector as more consumers turn to streaming to

Warner Bros Discovery on Tuesday rejected Paramount Skydance's latest $30-a-share hostile bid, but gave the Hollywood studio seven days to come up with a "best and final" offer for the owner of HBO Max and the "Harry Potter" franchise. via: Variety Warner Bros. Discovery has a number of questions for David Ellison, but the crucial one is this: Will his Paramount Skydance hoist its bid for WBD to over $31 per share? The M&A jousting over Warner Bros. is entering its final roun

A Delaware judge on Thursday rejected Paramount Skydance's (PSKY.O), opens new tab bid to speed up its lawsuit demanding that Warner Bros Discovery (WBD.O), opens new tab better explain its decision that Netflix's (NFLX.O), opens new tab proposed $82.7 billion takeover was better than Paramount's own $108.7 billion hostile bid. via: Variety On Thursday, Delaware Chancery Court judge Morgan T. Zurn dismissed Paramount’s motion to expedite the lawsuit against WBD, which seeks d

Whiny nepo baby David Ellison, who is currently running Paramount into the ground is suing Warner Bros. Discovery — in a desperate move to block Warner's $72 billion sale to Netflix. via: CBM Since it was announced that Netflix would be purchasing Warner Bros. Discovery, the David Ellison-led Paramount Skydance — which kicked off the bidding war for the studio in 2025 — has persisted in trying to get WBD to back down from the deal, submitting a hostile offer shortly after the

Paramount Skydance on Thursday reiterated that its $108.4 billion bid for Warner Bros Discovery was superior to a rival deal from Netflix, saying the value of the cable spinoff central to the streaming giant's offer was effectively worthless. via: Variety Paramount Skydance‘s David Ellison is still trying to make its case to Warner Bros. Discovery shareholders that it’s the better suitor — after WBD’s board again rejected its latest takeover offer this week. In an announcemen

Once again, Warner Bros. Discovery has chosen Netflix as its preferred suitor over Paramount. via: Variety The song remains the same: Warner Bros. Discovery has turned down the latest acquisition offer by David Ellison’s Paramount Skydance, and WBD’s board is continuing to back the company’s deal with Netflix. On Wednesday, WBD officially responded to Paramount’s latest $30/share all-cash bid for all of Warner Bros. Discovery — its eighth takeover offer to date. Paramount Sky

The board of Warner Bros. Discovery is poised to reject the amended takeover offer fielded by Paramount Skydance last week as David Ellison keeps up his pursuit of the assets he sees as crucial to building a 21st century Hollywood heavyweight. via: Deadline When business revs back up next week, Warner Bros. Discovery looks set to reject Paramount’s amended hostile takeover bid due in part to concerns at the delay that could dog its planned cable spinoff if a deal falls throug

The board of Warner Bros. Discovery officially rejected David Ellison‘s $30 per share hostile bid for the company, telling shareholders that it remains “inferior” to the Netflix deal, and carries “numerous significant risks and costs on WBD.” via: Variety Warner Bros. Discovery’s board has formally said “no thanks” to the $108 billion takeover bid from David Ellison’s Paramount Skydance and unanimously reiterated its support for the Netflix deal. Following WBD’s announcement,

Word on the street is that Paramount's bid for Warner Bros. Discovery (WBD) was rejected primarily because the WBD board favored Netflix's competing offer, but Paramount's funding from Middle Eastern sovereign wealth funds (Saudi, Abu Dhabi, Qatar) and Jared Kushner's firm raised significant national security concerns for U.S. lawmakers, potentially delaying or blocking the deal, which Paramount tried to mitigate by agreeing to forgo governance rights from those investors. WB

David Ellison, the CEO of Paramount Skydance who has launched a hostile takeover bid for Warner Bros. Discovery, is urging WBD shareholders to tender their shares and “register their view with the WBD board of directors that they prefer the superior Paramount transaction,” the company said. via: CBM Though the deal isn't quite officially official (there are still a few things to iron out), it looks like Netflix will ultimately claim ownership of Warner Bros. Discovery after

David Ellison is clearly not willing to take the L after losing his bid to land Warner Bros. Discovery. via: Deadline Paramount today announced it has commenced an all-cash tender offer to acquire all of the outstanding shares of Warner Bros. Discovery for $30 per share, an operation it says equates to an enterprise value of $108.4 billion. The aggressive although not wholly unexpected move is an attempt to pry Warner Bros. out of the arms of Netflix. “The Paramount offer for

Tom Cruise is no stranger for fighting for his films, and in a recent report, it was revealed that Cruise and Paramount Skydance CEO David Ellison clashed over the budget of Mission: Impossible. via: CBM The Mission: Impossible movies are known for their larger-than-life action sequence and big budgets. The franchise experienced a considerable popularity boost in the early 2010s, but it no longer appears to be the audience draw it once was, with its last two installments stru

As the bidding war over Warner Bros. Discovery is heating up, Paramount Skydance is accusing the company of orchestrating an unfair bidding process that favors Netflix. via: World of Reel First, Fox Business’ Charles Gasparino reports  that Trump’s DOJ antitrust chief is preparing to launch a “sweeping multi-year investigation” into Netflix’s dominance and alleged monopoly over streaming. Officials appear to be “unmoved” by Netflix’s insistence that its recent lobbying effort