Business
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Paramount Stock Hits Record Low, Falling Below $10 per Share
The latest decline follows Shari Redstone rejecting a merger with Skydance
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‘Interview With the Vampire’ Showrunner Rolin Jones Renews Overall Deal at AMC Networks
The extension comes as the drama series is airing its second season on AMC and AMC+
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Netflix’s ‘Bridgerton’ Boosts UK Economy by $350 Million
The Regency era limited series has supported almost 5,000 local businesses over the past five years
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After Failed Sale, Paramount’s New Leaders Have a Mandate to Execute Their Plan | Analysis
Brian Robbins, Chris McCarthy and George Cheeks are the Office of the CEO. But how much runway will they have?
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WrapPRO
Available to WrapPRO members
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Ariel Investments Founder Blasts Failed Skydance-Paramount Sale Process: ‘A Once in a Generation Kind of Screw Up’
“You have all these great assets, great IP, great history and they’ve found a way to destroy value. It’s just pretty extraordinary,” John Rogers. Jr told TheWrap on Wednesday
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Business
Available to WrapPRO members
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Paramount Board Remains ‘Open to Strategic Alternatives’ as Office of the CEO Focuses on Long-Term Strategic Plan
“Work is already underway,” co-CEOs Brian Robbins, Chris McCarthy and George Cheeks say in a memo to staff
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Sony Pictures Acquires Alamo Drafthouse Cinema
The dine-in theater chain will be managed under a new division called Sony Pictures Experiences
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UTA Ups Bob Roback to COO
Roback takes over the role from Andrew Thau, who will continue as co-head of UTA Sports
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Skydance CEO David Ellison Says Company Is ‘Stronger’ After Scuttled Paramount Deal
“Paramount will always hold a special place for me,” the executive tells staff after Shari Redstone walks away from deal
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Chaos at Paramount: An Uncertain Future Looms After Shari Redstone Pulls the Plug on Skydance | Analysis
Skydance is furious, executives are confused and Wall Street is exhausted as Redstone has made a mess of the Paramount sale
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TV
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Shari Redstone’s National Amusements Scraps Skydance-Paramount Merger
Discussions halted Tuesday after the media conglomerate’s controlling shareholder and David Ellison failed to reach “mutually acceptable terms”
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Paramount Special Committee Votes on Documentation of Skydance Deal
The five-person independent body recommended the latest revised offer from David Ellison in May
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Cannes Lions Clash: Michael Kassan to Launch Competitor to UTA-Owned MediaLink at Adfest | Exclusive
After his dramatic departure from UTA-owned MediaLink, Kassan will be holding competing events — and signing new clients
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WrapPRO
Available to WrapPRO members
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Paramount Office of the CEO Gets Severance Protection as Shari Redstone Weighs Options
Execs Chris McCarthy, Brian Robbins and George Cheeks are eligible for enhanced benefits and cash bonuses in the event the media conglomerate is sold
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Edgar Bronfman Jr., Bain Capital Eyeing $2 Billion Bid for Shari Redstone’s National Amusements | Report
The former Warner Music Group CEO is looking to offer up to $2.5 billion for the holding company, The Wall Street Journal reports
