Can Skydance Move the Mountain? Team Ellison Needs a Bold Plan to Revive Paramount’s Fortunes

David Ellison started his pursuit of Paramount Global last winter — 30 years nearly to the month after Sumner Redstone and Barry Diller began their long M&A fight for control of one of Hollywood’s foundational studios.

A generation later, Ellison’s Skydance Media and Gerry Cardinale’s RedBird Capital are poised to add a new chapter to the history of Paramount, CBS and more, after an equally protracted and hard-fought negotiations with Shari Redstone’s National Amusements Inc. So, assuming the $8 billion transaction is completed, what do they plan to do with their prize?

The new leadership team, which includes Ellison as chairman-CEO of the merged company and former NBCUniversal

→ Continue reading at Variety

Similar Articles

Advertisment

Most Popular