Skydance

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.