Latest David Ellison News

Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power

Jul. 08, 2024 18:38 PM EDT

NEW YORK (AP) — The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. It also...

Paramount Global owner calls off merger talks with Skydance Media

Jun. 11, 2024 20:37 PM EDT

NEW YORK (AP) — National Amusements, which owns a majority voting stake in embattled entertainment giant Paramount Global, said Tuesday that it has ended talks on a possible merger of Paramount with movie production company Skydance Media. The potential deal had drawn attention...

Sony Pictures and private equity firm interested in buying Paramount for $26 billion, AP source says

May. 02, 2024 18:31 PM EDT

Sony Pictures and the private equity firm Apollo Global Management have expressed interest in buying Paramount Global for $26 billion, according to a person familiar with the details. Sony would be the majority shareholder and Apollo would have a minority stake, according to the...

Paramount Global replaces CEO Bob Bakish with a troika of executives

Apr. 29, 2024 19:17 PM EDT

NEW YORK (AP) — Paramount Global on Monday announced that Bob Bakish is stepping down as CEO of the film, television and multimedia company. Bakish will be replaced by a troika of executives who will form a new “Office of the CEO.” The group includes George Cheeks, the CEO of...