Paramount Global
Paramount CEO Bob Bakish’s 2023 Pay Falls to $31.3M
Paramount Global CEO Bob Bakish saw total compensation in 2023 of $31.3 million, compared with $32.0 million in 2022. The company filed its annual proxy statement Monday, disclosing the latest pay packages for the Paramount boss and other top executives. Bakish’s compensation package in 2023 included a base salary of $3.1 million, as it has […]
- By
Sony and Apollo Weigh Joint Bid for Paramount Global
Even as Paramount Global continues to hold exclusive talks with David Ellison’s Skydance and Gerry Cardinale’s Redbird Capital, another potential buyer group is considering its own moves. The Hollywood Reporter has confirmed that executives at Sony Corp., including Sony Pictures chief Tony Vinciquerra, have been in touch with Apollo Global Management about making a joint […]
- By
Paramount Advertising Ups Ryan Briganti to Head of Sports
Paramount Advertising has found its new sports ad sales chief. The company has promoted Ryan Briganti to head of sports, overseeing all advertising across CBS Sports platforms. John Halley, president of Paramount Advertising, announced the promotion to staff Tuesday. “Ryan will report to me and work very closely with David Berson and the entire CBS […]
- By
Paramount Confirms That Board Members Will Step Down at Annual Meeting Amid Skydance Deal Talks
Four board members at Paramount Global will step aside as talks continue with the David Ellison-led Skydance Media, the company confirmed Thursday in its proxy filing. Dawn Ostroff, Nicole Seligman, Frederick Terrell and Rob Klieger will all depart the company’s board in the next few months, with Paramount telling shareholders in its annual proxy filing that they […]
- By
Paramount’s Future: Is Skydance Deal “Path of Least Resistance” or Will It Get Derailed?
Will Paramount Global end up looking for a new dance partner, or will David Ellison’s Skydance Media get to clinch a deal and celebrate with a victory dance? Hollywood and Wall Street insiders alike are wondering about questions like these as the future of Shari Redstone’s media and entertainment empire hangs in the balance. After […]
- By
The End of ‘Yellowstone’: What Is Known About the Final Episodes
When Yellowstone aired its midseason finale back in January 2023, the future was looking ominous for the Dutton family on the fifth season of the Paramount Network mega-hit series. For a refresher, Jamie Dutton (Wes Bentley) had just thrown down the gauntlet against his sister Beth Dutton (Kelly Reilly) and father John Dutton (Kevin Costner) […]
- By
Courtney Armstrong Upped to COO of Paramount Pictures
Paramount Pictures has promoted Courtney Armstrong to be COO of the venerable film studio. Armstrong was most recently president of business affairs and administration, after joining Paramount from Warner Bros. in 2021. The executive will now oversee all day-to-day operations across business affairs, legal and business development, for the studio’s live action, animation and studio […]
- By
Why Paramount Got a Stock Upgrade Amid Open Deal Questions
With Skydance Media in an exclusive period to possibly finalize a deal to acquire Paramount Global and its controlling shareholder National Amusements (NAI), Wall Street analysts are discussing key open questions, such as the financing of a transaction and how it can be structured to satisfy shareholders beyond NAI boss Shari Redstone. But despite the […]
- By
Paramount Global Stock Price Soars as Skydance Media Deal Talks Progress
Paramount Global shares are soaring as talks of a deal with Skydance Media continue to heat up. The stock price rose by 15 percent Wednesday, all in the minutes leading up to the market close, after The Wall Street Journal reported that Paramount and its controlling shareholder National Amusements, led by Shari Redstone, have agreed to an […]
- By
Paramount Global Debt Cut to Junk Status by S&P Global
S&P Global has officially downgraded Paramount Global debt to junk status at BB+, from BBB-, or one level below investment grade. The credit rating agency made the move on “weak credit metrics,” with a stable outlook. The downgrade comes a month after Paramount was put on a negative watch by S&P Global for a possible […]
- By
‘SpongeBob SquarePants’ Restaurant to Open in Sao Paolo, Brazil
Nickelodeon’s SpongeBob SquarePants is getting a themed restaurant in Sao Paolo, Brazil. The hit franchise’s first official standalone restaurant will be known as Bob Esponja – Burguer & Restaurante and open its doors in April. With more than 1,000 square meters, it will have a capacity for 254 visitors and feature several themed spaces, including four food areas, one retail, […]
- By
Paramount Stock Pops After Apollo Bid for Film and TV Studio
Shares in Paramount Global soared on Wednesday after details of an acquisition proposal by the private equity firm Apollo became public. Paramount stock closed at $12.51 per share Wednesday, up nearly 12 percent for the day. The Wall Street Journal reported that Apollo made an $11 billion offer just for Paramount’s film and television studio. […]
- By