Skydance

Two government watchdog groups have filed complaints alleging Federal Communications Commission members violated ethics rules by accepting luxury Kennedy Center gala tickets from Paramount during merger reviews. The gifts, including $12,000 tickets to a 2025 event and skybox seats valued at $125,000, are tied to Paramount's $111 billion acquisition of Warner Bros. Discovery and a prior merger with Skydance.

Paramount agreed to delay closing its $81 billion buyout of Warner Bros. Discovery until next year to allow a judge to evaluate a challenge from 12 states seeking to block the merger. A U.S. District Judge granted a temporary restraining order, citing concerns the deal could reduce competition in Hollywood.

Paramount agreed to delay closing its $81 billion buyout of Warner Bros. Discovery until 2027 while a judge evaluates a challenge from 12 states. A court granted a temporary restraining order, citing concerns about reduced competition, with both sides framing the delay as a strategic victory.

Paramount, owned by Skydance, has agreed to delay the closing of its $81 billion acquisition of Warner Bros. for months while a judge reviews a challenge from states.

Paramount agreed to delay closing its $81 billion buyout of Warner Bros. Discovery until a court ruling on a challenge from 12 states or June 1, 2027. A judge granted a temporary restraining order, citing potential anti-competitive concerns, while the states argue the merger would reduce Hollywood competition and consumer choices.

Paramount agreed to delay its $81 billion buyout of Warner Bros. Discovery until a judge rules on a challenge from 12 states or June 1, 2027. A temporary restraining order was granted, citing concerns about reduced competition, with both sides framing the delay as a strategic victory.

The proposed Paramount-WBD merger is part of ongoing consolidation in Hollywood, reducing the number of movie studios and leading to redundancies. The article highlights previous mergers like Disney acquiring 20th Century Fox and Skydance buying Paramount, suggesting the industry remains active in strategic acquisitions despite financial challenges.

Twelve states, led by California's attorney general, filed a lawsuit challenging Paramount's $81 billion merger with Warner Bros Discovery, arguing it would reduce competition and harm consumers. The merger faces legal scrutiny in the U.S., EU, and UK, with the U.S. Justice Department supporting it, while the states seek a temporary restraining order to block its completion.

Comcast plans to split into two publicly-traded companies: one focusing on media (including NBCUniversal and Sky) and another on broadband and wireless services. The split aims to allow each business to pursue growth independently, with completion expected in about a year pending approvals. Executives stated the move is not a step toward potential strategic transactions.

The three remaining '60 Minutes' correspondents—Lesley Stahl, Jon Wertheim, and Bill Whitaker—have decided to stay at CBS News to prevent the show from 'dying,' despite recent firings by new editor-in-chief Bari Weiss and executive producer Nick Bilton. The memo from the correspondents expresses regret over the dismissal of colleagues including Tanya Simon, Sharyn Alfonsi, Cecilia Vega, and Scott Pelley, while acknowledging efforts to build trust with Bilton.

A group of Paramount+ and cable subscribers have filed a lawsuit to block the Paramount-Warner Bros. Discovery deal and unwind the Paramount-Skydance merger. The legal action challenges two major corporate consolidations in the entertainment industry.

Warner Bros. Discovery shareholders approved a merger between Paramount and Skydance, combining their film libraries and production capabilities. The merger involves studios located in Burbank, California (Warner Bros.) and Los Angeles (Paramount Pictures).

Warner Bros Discovery shareholders are set to vote on Paramount's $81 billion takeover, which would merge HBO Max, CNN, and other assets with Paramount's CBS and Paramount+. The deal faces regulatory hurdles and opposition from industry professionals and lawmakers.

Tom Cruise is reported to earn £100 million ($135,240,000) for starring in and producing Top Gun 3, building on his £75 million profit from the 2022 film 'Top Gun: Maverick,' which grossed over $1 billion. Paramount executives, including owner David Ellison, believe the film will again exceed a billion dollars, citing Cruise's box office draw and commitment to stunts.

Hollywood stars are protesting the planned merger between Paramount and Skydance. The merger has sparked concerns among industry professionals about its impact on the entertainment sector.