Business
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Chris Brearton Joins the Russo Brothers’ AGBO as Partner
The veteran exec served as VP of corporate strategy at Amazon, overseeing the integration of MGM after its acquisition
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Paramount Pursuit of Skydance Exclusive Talks Over Competitive Bids ‘Averse to Fair Market Value,’ Investor Says
Ariel Investments, which owns a 1.8% stake, also expressed concern that board changes could compromise its ability to act on behalf of all shareholders
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Paramount Global CEO Bob Bakish’s Pay Dips to $31.25 Million in 2023
The package, down from $32.04 million in 2022, includes a $3.1 million base salary and approximately $15.5 million in stock awards
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Four Paramount Board Members to Step Down Amid Merger Talks
Their departures come as David Ellison’s Skydance Media is in exclusive talks to acquire control of the media conglomerate through Shari Redstone’s National Amusements
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DirecTV, Dish Network Back Fubo in Disney-Fox-WBD Sports Streaming Legal Fight
In a motion to dismiss Fubo’s lawsuit, the studios argued it “does not offer any plausible basis to conclude that it will ever suffer antitrust injury” from their joint venture
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CAA Centralizes Global TV Division to US and UK Following March Layoffs
There are no new job losses associated with the restructuring, an individual with knowledge tells TheWrap
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Former WarnerMedia Exec Sandra Dewey Joins Media Res as Chief Operating Officer
Dewey will guide the TV studio and film production company’s domestic and international scripted and non-fiction initiatives
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Prime Video Advertising ‘Off to a Strong Start’ and ‘Growing Quickly,’ CEO Andy Jassy Says
The streamer launched its ad tier in January, where brands can reach over 200 million monthly viewers
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Skydance to Meet With Paramount Global Management Next Week Amid Merger Talks
David Ellison’s media company is in the process of due diligence, an individual familiar with the negotiations tells TheWrap
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ESPN, Peyton Manning’s Omaha Productions Extend Partnership Into 2034
The nine-year deal will see the sports network continue to air “Manningcast” and more across platforms
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Former Netflix Exec Jane Wiseman Joins Sister as US Television Head
The executive will focus on development and production of the company’s premium scripted series
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Paramount Shareholder Aspen Sky Trust Urges Board to End Exclusive Talks With Skydance
The firm, which owns approximately 6.57 million shares, accuses the board of violating its fiduciary responsibility by denying other viable bidders a 30-day due diligence period
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Disney Candidates Won Overwhelming Majority of Votes at Shareholder Meeting, Official Tally Reveals
Roughly 68% of the entertainment giant’s total 1.83 billion outstanding shares were represented at the meeting
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Trump’s Truth Social Share Price Falls Again, Now Down 53% From High
Shares of Trump Media & Technology Group closed at $37.17 on Monday, after plummeting last week
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Cross-Border State Rivalries Drive Up Size of Production Subsidies
Oklahoma beats out Texas for some films and series; New York sweetens its pot to counter efforts by New Jersey