Viacom boss Bob Bakish isn’t interested in merging the company’s Paramount Pictures with a competitor.
“That’s a business we think is great as it is,” he said Thursday morning during a quarterly earnings conference call. “We don’t believe we need to combine it with another film studio.”
Calling Paramount an “integral part of our company,” Bakish said he’s “thrilled” with the new leadership team there, and “very excited for what’s in the pipeline for ’19.”
But what about 2018, Bob?
Click here to see how Viacom (and Paramount, specifically) performed over the past three months, which was the final quarter of the company’s fiscal year.
10 Biggest Billion-Dollar Entertainment Deals in 2016 (Photos)
- Dick Clark Productions
- Getty Images
- AMC/Odeon & UCI
- AT&T/Time Warner
Rewind 2016: From China’s Dalian Wanda Group to AT&T, deep-pocketed buyers were chasing content all year
Media and entertainment dealmakers returned in full force this year after a quiet 2015, as there were nine mergers and acquisitions valued at more than $1 billion -- from Chinese buyers such as the Dalian Wanda Group to AT&T, which agreed to acquire Time Warner for $85 billion. Here's a rundown of the biggest.
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