What now?
The Skydance Media deal for National Amusements appears to be dead, with the company declining to extend its exclusive negotiating window, and sources tell The Hollywood Reporter that controlling shareholder Shari Redstone is cool on the $26 billion offer from Sony Pictures and Apollo Global Management — a deal that would lead to the breakup of the empire her father built. While it is possible that Paramount’s independent board committee believes that regulatory concerns presented by the Apollo-Sony offer can be overlooked and recommends that deal, it looks like an increasingly challenged proposition.
For the foreseeable future, it appears, the company is in the hands of the three-man committee made up of CBS chief George Cheeks, Paramount Pictures’ Brian Robbins and Chris McCarthy, head of Showtime/MTV Entertainment Studios and Paramount Media Networks. Paramount stock dropped 7 percent to $12.89 at the close in the wake of the news.
The Skydance Media deal for National Amusements appears to be dead, with the company declining to extend its exclusive negotiating window, and sources tell The Hollywood Reporter that controlling shareholder Shari Redstone is cool on the $26 billion offer from Sony Pictures and Apollo Global Management — a deal that would lead to the breakup of the empire her father built. While it is possible that Paramount’s independent board committee believes that regulatory concerns presented by the Apollo-Sony offer can be overlooked and recommends that deal, it looks like an increasingly challenged proposition.
For the foreseeable future, it appears, the company is in the hands of the three-man committee made up of CBS chief George Cheeks, Paramount Pictures’ Brian Robbins and Chris McCarthy, head of Showtime/MTV Entertainment Studios and Paramount Media Networks. Paramount stock dropped 7 percent to $12.89 at the close in the wake of the news.
- 5/4/2024
- by Kim Masters and Alex Weprin
- The Hollywood Reporter - Movie News
Paramount Global says Chris McCarthy is the company’s “interim principal executive officer,” a necessity required by the SEC that apparently does not signal he has more decision-making power among a trio of top executives who stepped up to replace Bob Bakish this week in a new Office of the CEO.
Security & Exchange Commission rules require a person, not an office, to conduct with over the normal course of business. It’s not clear why McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks, received the designation (maybe he drew the short straw).
The other two in the CEO office are George Cheeks, president and chief executive CBS, and Brian Robbins, president of Paramount Pictures and president-ceo of Nickelodeon.
The filing says that Bakish, who formally exited April 30, will continue as a senior advisor to the company through October 31 “to help ensure a seamless transition of his duties.
Security & Exchange Commission rules require a person, not an office, to conduct with over the normal course of business. It’s not clear why McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks, received the designation (maybe he drew the short straw).
The other two in the CEO office are George Cheeks, president and chief executive CBS, and Brian Robbins, president of Paramount Pictures and president-ceo of Nickelodeon.
The filing says that Bakish, who formally exited April 30, will continue as a senior advisor to the company through October 31 “to help ensure a seamless transition of his duties.
- 5/3/2024
- by Jill Goldsmith
- Deadline Film + TV
After weeks of negotiations, Skydance’s proposed merger with Paramount Global appears to be on the ropes.
Paramount’s special board committee appears to have cooled on the offer, which would have seen the David Ellison-led studio, joined by financial partners RedBird Capital and Kkr, acquire controlling shareholder Shari Redstone’s stake in the company and then merge Skydance into Paramount, keeping it as a publicly traded company, with new leadership at the helm.
Skydance had been in a 30-day exclusive negotiating window, and had proposed a revised offer last weekend that would have offered some sweeteners for Paramount common shareholders, some of whom had been vocally opposed to the deal. That window ends today, and is not likely to be extended.
Another source close to the deal says that talks between the sides continue.
Paramount has another offer on the table: A $26 billion all-cash deal from Apollo and Sony Pictures.
Paramount’s special board committee appears to have cooled on the offer, which would have seen the David Ellison-led studio, joined by financial partners RedBird Capital and Kkr, acquire controlling shareholder Shari Redstone’s stake in the company and then merge Skydance into Paramount, keeping it as a publicly traded company, with new leadership at the helm.
Skydance had been in a 30-day exclusive negotiating window, and had proposed a revised offer last weekend that would have offered some sweeteners for Paramount common shareholders, some of whom had been vocally opposed to the deal. That window ends today, and is not likely to be extended.
Another source close to the deal says that talks between the sides continue.
Paramount has another offer on the table: A $26 billion all-cash deal from Apollo and Sony Pictures.
- 5/3/2024
- by Kim Masters and Alex Weprin
- The Hollywood Reporter - Movie News
Upadted: After months of M&a talks, Paramount Global and controlling shareholder Shari Redstone might be going it alone after all — for now.
Insiders tell Variety that the expectation at the company is that neither of the two offers in play — Skydance Media-RedBird Capital Partners and Sony Pictures Entertainment-Apollo Global Management — will come to fruition. And Redstone is said to have reluctantly concluded that a deal with David Ellison’s Skydance, a longtime partner of Paramount Pictures, will not be possible.
As of Friday morning, the special committee established by Paramount Global’s board to evaluate M&a proposals had not notified Skydance one way or the other about its best and final offer, which would involve Skydance acquiring Redstone’s National Amusements Inc. and merging Skydance and Paramount Global, per a source familiar with the talks. The exclusive 30-day negotiating window between Skydance and the Paramount Global...
Insiders tell Variety that the expectation at the company is that neither of the two offers in play — Skydance Media-RedBird Capital Partners and Sony Pictures Entertainment-Apollo Global Management — will come to fruition. And Redstone is said to have reluctantly concluded that a deal with David Ellison’s Skydance, a longtime partner of Paramount Pictures, will not be possible.
As of Friday morning, the special committee established by Paramount Global’s board to evaluate M&a proposals had not notified Skydance one way or the other about its best and final offer, which would involve Skydance acquiring Redstone’s National Amusements Inc. and merging Skydance and Paramount Global, per a source familiar with the talks. The exclusive 30-day negotiating window between Skydance and the Paramount Global...
- 5/3/2024
- by Todd Spangler
- Variety Film + TV
As the exclusive window for merger discussions between Paramount Global and David Ellison’s Skydance Media enters its final hours, the future of the company remains uncertain.
There has been no official decision on an extension on the exclusivity window between Skydance and Paramount, which is set to expire Friday night. A spokesperson for Paramount declined to comment. Representatives for Skydance did not immediately return TheWrap’s request for comment.
Paramount’s board faces three potential options now. It could carry on with negotiations with Skydance, a deal that has proven highly unpopular with shareholders. It could let the exclusivity deadline expire and pivot to consideration of a $26 billion all-cash joint bid by Sony and Apollo Global Management. Or it could go it alone under its new Office of the CEO after the departure last week of CEO Bob Bakish.
The tough decision comes as Paramount shares have fallen 36.8% in the past year.
There has been no official decision on an extension on the exclusivity window between Skydance and Paramount, which is set to expire Friday night. A spokesperson for Paramount declined to comment. Representatives for Skydance did not immediately return TheWrap’s request for comment.
Paramount’s board faces three potential options now. It could carry on with negotiations with Skydance, a deal that has proven highly unpopular with shareholders. It could let the exclusivity deadline expire and pivot to consideration of a $26 billion all-cash joint bid by Sony and Apollo Global Management. Or it could go it alone under its new Office of the CEO after the departure last week of CEO Bob Bakish.
The tough decision comes as Paramount shares have fallen 36.8% in the past year.
- 5/3/2024
- by Lucas Manfredi
- The Wrap
Welcome to the 257th episode of TV’s Top 5, The Hollywood Reporter’s TV podcast.
Every week, hosts Lesley Goldberg (West Coast TV editor) and Daniel Fienberg (chief TV critic) break down the latest TV news with context from the business and critical sides, welcome showrunners, executives and other guests, and provide a critical guide of what to watch (or skip, as the case may be).
Here’s how this week’s episode plays out:
1. Headlines
Elizabeth Banks, Robin Wright, Scooby-Doo, Chuck Lorre, Ty Burrell, Steve Carell, The Office, Law & Order: Organized Crime and NCIS: Hawai’i lead the week’s top headlines.
2. Paramount Global changes
Bob Bakish is out as Paramount Global CEO, with a trio of execs — Brian Robbins, George Cheeks and Chris McCarthy — taking over as Skydance and Sony make their offers to buy the media giant.
3. CBS’ victory
The network this week took a victory lap after...
Every week, hosts Lesley Goldberg (West Coast TV editor) and Daniel Fienberg (chief TV critic) break down the latest TV news with context from the business and critical sides, welcome showrunners, executives and other guests, and provide a critical guide of what to watch (or skip, as the case may be).
Here’s how this week’s episode plays out:
1. Headlines
Elizabeth Banks, Robin Wright, Scooby-Doo, Chuck Lorre, Ty Burrell, Steve Carell, The Office, Law & Order: Organized Crime and NCIS: Hawai’i lead the week’s top headlines.
2. Paramount Global changes
Bob Bakish is out as Paramount Global CEO, with a trio of execs — Brian Robbins, George Cheeks and Chris McCarthy — taking over as Skydance and Sony make their offers to buy the media giant.
3. CBS’ victory
The network this week took a victory lap after...
- 5/3/2024
- by Lesley Goldberg
- The Hollywood Reporter - Movie News
Three days after he was named to the newly formed Office of the CEO of Paramount Global, George Cheeks, President and CEO of CBS, faced reporters at the unveiling of the broadcast network’s fall 2024 schedule.
On Monday, Bob Bakish exited as Paramount Global CEO, replaced by a trio of senior executives, division heads Cheeks, Chris McCarthy and Brian Robbins who comprise the Office of the CEO.
Cheeks quipped about having an uneventful week and spoke briefly of his partnership with McCarthy and Robbins in his opening remarks.
Related: ‘Blue Bloods’ Future Is Sealed: The Long-Running Series Will Wrap For Good In December
“We are in the process of finalizing our strategic plan which we are going to roll out as soon as possible,” he said, echoing the trio’s comments from Monday.
Related: Upfronts 2024: Pilot Buzz & Other Development Updates In Another Atypical Broadcast Cycle
Cheeks also stressed...
On Monday, Bob Bakish exited as Paramount Global CEO, replaced by a trio of senior executives, division heads Cheeks, Chris McCarthy and Brian Robbins who comprise the Office of the CEO.
Cheeks quipped about having an uneventful week and spoke briefly of his partnership with McCarthy and Robbins in his opening remarks.
Related: ‘Blue Bloods’ Future Is Sealed: The Long-Running Series Will Wrap For Good In December
“We are in the process of finalizing our strategic plan which we are going to roll out as soon as possible,” he said, echoing the trio’s comments from Monday.
Related: Upfronts 2024: Pilot Buzz & Other Development Updates In Another Atypical Broadcast Cycle
Cheeks also stressed...
- 5/2/2024
- by Nellie Andreeva
- Deadline Film + TV
Just days after Bob Bakish left Paramount Global as CEO, CBS president/CEO George Cheeks — one-third of the newly formed “Office of the CEO” that will now jointly run the company — spoke to reporters about what to expect moving forward. And so far, there’s not much he can say.
Cheeks met with reporters on Thursday, alongside CBS Entertainment prexy Amy Reisenbach, to unveil CBS’ 2024-2025 TV schedule. But Cheeks, who now is also part of the Paramount Global office of the CEO that includes Chris McCarthy and Brian Robbins (president and CEO of Paramount Pictures and Nickelodeon) opened his comments by first addressing the elephant in the room.
The exec can’t comment on the pending fate of Paramount, and like clockwork, news that Sony Pictures Entertainment and Apollo Global Management have made a bid to take Paramount private with an all-cash buyout offer of $26 billion came just minutes before Cheeks met with reporters.
Cheeks met with reporters on Thursday, alongside CBS Entertainment prexy Amy Reisenbach, to unveil CBS’ 2024-2025 TV schedule. But Cheeks, who now is also part of the Paramount Global office of the CEO that includes Chris McCarthy and Brian Robbins (president and CEO of Paramount Pictures and Nickelodeon) opened his comments by first addressing the elephant in the room.
The exec can’t comment on the pending fate of Paramount, and like clockwork, news that Sony Pictures Entertainment and Apollo Global Management have made a bid to take Paramount private with an all-cash buyout offer of $26 billion came just minutes before Cheeks met with reporters.
- 5/2/2024
- by Michael Schneider
- Variety Film + TV
CBS executives were keenly aware of the elephant in the room Thursday as new co-ceo George Cheeks and entertainment president Amy Reisenbach opened their fall schedule presentation by addressing the latest rumblings in the sale process of parent company Paramount Global.
“It’s a super quiet, uneventful week for us,” Cheeks quipped as he kicked off the hourlong presentation just moments after news broke that Sony and Apollo submitted a $26 billion cash offer to buy Paramount Global.
Other than addressing morale — “we’ve all locked arms” and are “focusing on what we can control,” Cheeks said — both execs spent the press briefing at the Paramount offices in Hollywood focused on CBS and its 2024-25 schedule.
Cheeks and Reisenbach opened with a victory lap of sorts as CBS finished the strikes-impacted 2023-24 in first place, breaking a decades-old record set by the network with 16 straight season victories and 21 of the past 22 years.
“It’s a super quiet, uneventful week for us,” Cheeks quipped as he kicked off the hourlong presentation just moments after news broke that Sony and Apollo submitted a $26 billion cash offer to buy Paramount Global.
Other than addressing morale — “we’ve all locked arms” and are “focusing on what we can control,” Cheeks said — both execs spent the press briefing at the Paramount offices in Hollywood focused on CBS and its 2024-25 schedule.
Cheeks and Reisenbach opened with a victory lap of sorts as CBS finished the strikes-impacted 2023-24 in first place, breaking a decades-old record set by the network with 16 straight season victories and 21 of the past 22 years.
- 5/2/2024
- by Lesley Goldberg
- The Hollywood Reporter - Movie News
Deadline’s Most Valuable Blockbuster tournament is back. While studios during Covid wildly embraced the theatrical day-and-date model when cinemas were closed, they soon realized there’s nothing more profitable than a theatrical release and the downstreams that come with it. If anything, theatrical is the advertisement for a movie’s longevity in subsequent home entertainment windows. Entering the conversation in 2023 were the streamers, such as Apple, who have also realized the necessity of theatrical to eventize their movies. The financial data pulled together here for Deadline’s Most Valuable Blockbuster Tournament is culled by seasoned and trusted sources.
The Film
Teenage Mutant Ninja Turtles: Mutant Mayhem
Paramount
When Paramount Pictures CEO Brian Robbins was looking to revive the beloved Nickelodeon-owned Kevin Eastman and Peter Laird property Teenage Mutant Ninja Turtles for the big screen, he got some input from Playmates executives involved in the brand’s licenses: they...
The Film
Teenage Mutant Ninja Turtles: Mutant Mayhem
Paramount
When Paramount Pictures CEO Brian Robbins was looking to revive the beloved Nickelodeon-owned Kevin Eastman and Peter Laird property Teenage Mutant Ninja Turtles for the big screen, he got some input from Playmates executives involved in the brand’s licenses: they...
- 5/2/2024
- by Anthony D'Alessandro
- Deadline Film + TV
Partners Sony and Apollo have formally reached out to Paramount’s special board committee asking to discuss a potential $26 billion cash offer, Deadline has learned. It comes as Par’s exclusive negotiating window with David Ellison’s Skydance is set to expire.
Paramount share are up more than 13% on the news. Investors would vastly prefer a Sony/Apollo acquisition to a Skydance deal as it is currently configured, even after Skydance made a revised offer, that was said to be its best and last, last week.
Sony and Apollo’s overture is really jus a start, a non-binding expression of interest, Deadline has learned, in meeting and exploring the contours of a possible deal. While Skydance has been given access to Paramount’s books for the last month, Sony and Apollo have yet to do any due diligence.
The partners would buy out the whole company and take it private.
Paramount share are up more than 13% on the news. Investors would vastly prefer a Sony/Apollo acquisition to a Skydance deal as it is currently configured, even after Skydance made a revised offer, that was said to be its best and last, last week.
Sony and Apollo’s overture is really jus a start, a non-binding expression of interest, Deadline has learned, in meeting and exploring the contours of a possible deal. While Skydance has been given access to Paramount’s books for the last month, Sony and Apollo have yet to do any due diligence.
The partners would buy out the whole company and take it private.
- 5/2/2024
- by Jill Goldsmith and Anthony D'Alessandro
- Deadline Film + TV
In the latest twist in Paramount Global’s M&a saga, Sony Pictures Entertainment and Apollo Global Management have made a bid to take Paramount private with an all-cash buyout offer of $26 billion.
Sony and private-equity giant Apollo submitted a letter with the non-binding offer Wednesday to Paramount Global, as first reported by the New York Times and the Wall Street Journal. The bid, which would include the assumption of debt and could be negotiated, would be a premium over the company’s current $22 billion enterprise value.
The tag-teamed buyout bid comes as Paramount Global board’s special committee established to consider M&a proposals is evaluating the best and final offer from Skydance Media to merge Paramount and Skydance while keeping Paramount Global public. Shari Redstone, the controlling shareholder of Paramount Global, is known to prefer consummating a deal with David Ellison’s Skydance, whose bid is backed by RedBird Capital Partners and Kkr.
Sony and private-equity giant Apollo submitted a letter with the non-binding offer Wednesday to Paramount Global, as first reported by the New York Times and the Wall Street Journal. The bid, which would include the assumption of debt and could be negotiated, would be a premium over the company’s current $22 billion enterprise value.
The tag-teamed buyout bid comes as Paramount Global board’s special committee established to consider M&a proposals is evaluating the best and final offer from Skydance Media to merge Paramount and Skydance while keeping Paramount Global public. Shari Redstone, the controlling shareholder of Paramount Global, is known to prefer consummating a deal with David Ellison’s Skydance, whose bid is backed by RedBird Capital Partners and Kkr.
- 5/2/2024
- by Todd Spangler
- Variety Film + TV
Paramount Global said it would bake a new suite of data into all ad deals “at no additional cost” that examines whether a commercial spurred a consumer to take a particular action, a measure known as “attribution” that is gaining new sway on Madison Avenue as marketers struggle to determine the effectiveness of their paid media pitches.
Paramount said it would offer data from both Mastercard and Edo, a start-up founded in part by actor Ed Norton, that will help clients examine “outcomes,” such as a visit to a marketer’s web site or showroom, or a consumer search for a product being advertised. The company unveils the offer with just days to go before the start of the industry’s annual “upfront” market, when U.S. TV networks try to sell the bulk fo their commercial inventory ahead of their next cycles of programming.
“Our goal here is to...
Paramount said it would offer data from both Mastercard and Edo, a start-up founded in part by actor Ed Norton, that will help clients examine “outcomes,” such as a visit to a marketer’s web site or showroom, or a consumer search for a product being advertised. The company unveils the offer with just days to go before the start of the industry’s annual “upfront” market, when U.S. TV networks try to sell the bulk fo their commercial inventory ahead of their next cycles of programming.
“Our goal here is to...
- 5/2/2024
- by Brian Steinberg
- Variety Film + TV
The board room and executive suite drama at Paramount Global escalated on Monday, with Bob Bakish leaving his role as CEO and a trio of executives taking over just days before an exclusive negotiating window for a sale to David Ellison’s SkyDance Media and partners closes.
Veteran company leaders Chris McCarthy, George Cheeks and Brian Robbins will make up an “Office of the CEO,” running Paramount on a day-to-day basis for now. The three will work with the Paramount board and CFO Naveen Chopra.
“We’re finalizing a long-term strategic plan to best position this storied company to reach new and greater heights in our rapidly changing world,” McCarthy told a conference call following Paramount’s first-quarter earnings report after the market close on Monday that lasted just nine minutes and didn’t allow for analysts’ questions. As of 11:15 a.m. Et on Tuesday, Paramount shares were down 4.3 percent,...
Veteran company leaders Chris McCarthy, George Cheeks and Brian Robbins will make up an “Office of the CEO,” running Paramount on a day-to-day basis for now. The three will work with the Paramount board and CFO Naveen Chopra.
“We’re finalizing a long-term strategic plan to best position this storied company to reach new and greater heights in our rapidly changing world,” McCarthy told a conference call following Paramount’s first-quarter earnings report after the market close on Monday that lasted just nine minutes and didn’t allow for analysts’ questions. As of 11:15 a.m. Et on Tuesday, Paramount shares were down 4.3 percent,...
- 4/30/2024
- by Georg Szalai
- The Hollywood Reporter - Movie News
Amid Paramount Global’s removal of Bob Bakish as CEO and the ongoing uncertainty of a company sale, it was business as usual for the first quarter at the media conglomerate — which included a $1.3 billion charge for content write-offs as well as layoffs.
Paramount Global reported Q1 2024 earnings Monday, announcing Bakish’s exit and the installation of an unusual three-in-a-box “Office of the CEO”: CBS’s George Cheeks, Chris McCarthy, Showtime/MTV Entertainment Studios and Paramount Media Networks, and Paramount Pictures’ Brian Robbins. The committee of three made brief remarks on the earnings call but didn’t take questions from analysts. The call, which lasted less than 10 minutes, concluded with the theme music to “Mission: Impossible.”
During the first quarter of 2024, Paramount Global took a total of $1.12 billion in content charges, including $909 million for the impairment of content to its estimated fair value as well as $209 million for development cost write-offs and contract-termination costs.
Paramount Global reported Q1 2024 earnings Monday, announcing Bakish’s exit and the installation of an unusual three-in-a-box “Office of the CEO”: CBS’s George Cheeks, Chris McCarthy, Showtime/MTV Entertainment Studios and Paramount Media Networks, and Paramount Pictures’ Brian Robbins. The committee of three made brief remarks on the earnings call but didn’t take questions from analysts. The call, which lasted less than 10 minutes, concluded with the theme music to “Mission: Impossible.”
During the first quarter of 2024, Paramount Global took a total of $1.12 billion in content charges, including $909 million for the impairment of content to its estimated fair value as well as $209 million for development cost write-offs and contract-termination costs.
- 4/30/2024
- by Todd Spangler
- Variety Film + TV
The front of the Paramount Pictures studios in Los Angeles, California. (Stock image by Hannah Wernecke via Unsplash)
No company had the business world’s attention on Monday quite like Paramount.
The five-week period that sees most technology, media and telecommunications companies report their quarterly earnings is closely followed by business reporters and Wall Street analysts alike, as it offers insight into the health of the sector at a time when those three industries are increasingly converging.
But Paramount is a different beast altogether. The company is in the midst of a blockbuster — and, to some, controversial — merger with Skydance Media, one that appears almost certain at this point. For weeks, institutional and retail investors have been split between shareholders supporting the Skydance deal and those backing a different bid from Sony Pictures and Apollo Global Management. Over the weekend, two newspapers and a leading business television channel reported CEO...
No company had the business world’s attention on Monday quite like Paramount.
The five-week period that sees most technology, media and telecommunications companies report their quarterly earnings is closely followed by business reporters and Wall Street analysts alike, as it offers insight into the health of the sector at a time when those three industries are increasingly converging.
But Paramount is a different beast altogether. The company is in the midst of a blockbuster — and, to some, controversial — merger with Skydance Media, one that appears almost certain at this point. For weeks, institutional and retail investors have been split between shareholders supporting the Skydance deal and those backing a different bid from Sony Pictures and Apollo Global Management. Over the weekend, two newspapers and a leading business television channel reported CEO...
- 4/30/2024
- by Matthew Keys
- The Desk
The three Paramount Global executives installed to run the company after Bob Bakish was removed as CEO sought to reassure employees that they have a long-term strategy.
On Monday, Paramount Global said Bakish was stepping down as CEO and leaving the board. In his place, the company established an “Office of the CEO” committee led by three divisional heads: George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon.
The shake-up added further fuel to the uncertainty about the media conglomerate’s future. Bakish’s exit came as the Paramount Global board and controlling shareholder Shari Redstone were working to close a deal to merge Paramount with David Ellison’s Skydance Media.
The three new heads of Paramount Global’s Office of the CEO sent a memo to staff after the news was announced.
On Monday, Paramount Global said Bakish was stepping down as CEO and leaving the board. In his place, the company established an “Office of the CEO” committee led by three divisional heads: George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon.
The shake-up added further fuel to the uncertainty about the media conglomerate’s future. Bakish’s exit came as the Paramount Global board and controlling shareholder Shari Redstone were working to close a deal to merge Paramount with David Ellison’s Skydance Media.
The three new heads of Paramount Global’s Office of the CEO sent a memo to staff after the news was announced.
- 4/29/2024
- by Todd Spangler
- Variety Film + TV
After trying to reassure Wall Street with their brief opening remarks at the Paramount Global earnings call, the trio of executives named to the newly formed Office of the CEO looked to do the same with the company’s employees rattled by the sudden ouster of longtime CEO Bob Bakish amid sale negotiations with Skydance.
In a joint memo Monday afternoon, George Cheeks, President and CEO of CBS; Chris McCarthy, President and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, President and CEO of Paramount Pictures and Nickelodeon; addressed staffers in their new roles as Bakish’s successors.
It followed a company email by Shari Redstone, Chair of Paramount’s Board of Directors, who announced the creation of the Office of the CEO comprised of Cheeks, McCarthy and Robbins.
“As a team they bring to bear incredible knowledge and understanding of our business and will bring...
In a joint memo Monday afternoon, George Cheeks, President and CEO of CBS; Chris McCarthy, President and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, President and CEO of Paramount Pictures and Nickelodeon; addressed staffers in their new roles as Bakish’s successors.
It followed a company email by Shari Redstone, Chair of Paramount’s Board of Directors, who announced the creation of the Office of the CEO comprised of Cheeks, McCarthy and Robbins.
“As a team they bring to bear incredible knowledge and understanding of our business and will bring...
- 4/29/2024
- by Nellie Andreeva
- Deadline Film + TV
In a memo to employees Monday, Chris McCarthy, George Cheeks and Brian Robbins — who are together running Paramount after the ouster of CEO Bob Bakish — thanked Bakish for his tenure at the company, while signaling a new strategy ahead.
Paramount announced Bakish was out at the company Monday, just ahead of releasing first-quarter earnings, with McCarthy, Cheeks and Robbins making up the “Office of the CEO” upon his ouster. The three executives will work with the Paramount board and CFO Naveen Chopra.
“We’d like to thank Shari and the Board for putting their trust in us. This new structure will allow us to continue leveraging the power of the entire company. Ours is a partnership built on respect, camaraderie and, most importantly, a shared love of Paramount Global, its employees and our world-class content,” the memo reads.
The company did not take any questions during the earnings call Monday,...
Paramount announced Bakish was out at the company Monday, just ahead of releasing first-quarter earnings, with McCarthy, Cheeks and Robbins making up the “Office of the CEO” upon his ouster. The three executives will work with the Paramount board and CFO Naveen Chopra.
“We’d like to thank Shari and the Board for putting their trust in us. This new structure will allow us to continue leveraging the power of the entire company. Ours is a partnership built on respect, camaraderie and, most importantly, a shared love of Paramount Global, its employees and our world-class content,” the memo reads.
The company did not take any questions during the earnings call Monday,...
- 4/29/2024
- by Caitlin Huston
- The Hollywood Reporter - Movie News
Paramount Global revenue in the first quarter climbed 6% year-on-year as Paramount+ added 3.7m subscriptions to reach 71m-plus and the streaming business cut losses by more than 40%.
Less than 30 minutes after the company announced the departure of CEO Bob Bakish and the establishment of a new leadership triumvirate comprising divisional heads George Cheeks, Chris McCarthy, and Brian Robbins, the trio led a whistlestop earnings call before signing off to the strains of Mission: Impossible without taking analysts’ questions.
Overall revenue for the period ending March 31 climbed 6% year-on-year from $7.4bn to $7.7bn, while operating loss improved 66% from $1.2bn to $417m.
Streaming losses...
Less than 30 minutes after the company announced the departure of CEO Bob Bakish and the establishment of a new leadership triumvirate comprising divisional heads George Cheeks, Chris McCarthy, and Brian Robbins, the trio led a whistlestop earnings call before signing off to the strains of Mission: Impossible without taking analysts’ questions.
Overall revenue for the period ending March 31 climbed 6% year-on-year from $7.4bn to $7.7bn, while operating loss improved 66% from $1.2bn to $417m.
Streaming losses...
- 4/29/2024
- ScreenDaily
Paramount Global revenue in the first quarter climbed 6% year-on-year as Paramount+ added 3.7m subscriptions to reach 71m-plus and the streaming business cut losses by more than 40%.
Less than 30 minutes after the company announced the departure of CEO Bob Bakish and the establishment of a new leadership triumvirate comprising divisional heads George Cheeks, Chris McCarthy, and Brian Robbins, the trio led a whistlestop earnings call before signing off to the strains of Mission: Impossible without taking analysts’ questions.
Overall revenue for the period ending March 31 climbed 6% year-on-year from $7.4bn to $7.7bn, while operating loss improved 66% from $1.2bn to $417m.
Streaming losses...
Less than 30 minutes after the company announced the departure of CEO Bob Bakish and the establishment of a new leadership triumvirate comprising divisional heads George Cheeks, Chris McCarthy, and Brian Robbins, the trio led a whistlestop earnings call before signing off to the strains of Mission: Impossible without taking analysts’ questions.
Overall revenue for the period ending March 31 climbed 6% year-on-year from $7.4bn to $7.7bn, while operating loss improved 66% from $1.2bn to $417m.
Streaming losses...
- 4/29/2024
- ScreenDaily
As a buyer group led by David Ellison’s Skydance Media aims to iron out a potential deal to take over Paramount Global, many eyes on Wall Street are also watching carriage talks between the entertainment conglomerate and cable giant Charter Communications. On April 30, that deal expires.
Last year, Charter played hardball with Disney in a negotiating showdown that led to a brief blackout last fall before the companies struck a broad carriage deal covering traditional pay TV networks and streaming services, which finance experts called a blueprint for future sector agreements and a potential “tipping point” in the relationship between content and distribution giants.
Depending if, when, how, and what Charter and Paramount agree on in a new pact could affect the value of Paramount and therefore its takeover price target and its strategic positioning for the future. It’s no surprise then that industry observers have their eyes...
Last year, Charter played hardball with Disney in a negotiating showdown that led to a brief blackout last fall before the companies struck a broad carriage deal covering traditional pay TV networks and streaming services, which finance experts called a blueprint for future sector agreements and a potential “tipping point” in the relationship between content and distribution giants.
Depending if, when, how, and what Charter and Paramount agree on in a new pact could affect the value of Paramount and therefore its takeover price target and its strategic positioning for the future. It’s no surprise then that industry observers have their eyes...
- 4/29/2024
- by Georg Szalai
- The Hollywood Reporter - Movie News
George Cheeks, Brian Robbins and Chris McCarthy, the Paramount Global executives chosen to occupy the Office of the CEO as a replacement for the departing Bob Bakish, sought to reassure Wall Street on Monday that they have a plan.
The remarks, which took up just two minutes at the start of Paramount’s first-quarter earnings call, featured short comments from each exec, with the trio being played off by the Mission: Impossible theme. Cheeks began by thanking Bakish for his leadership.
“Paramount Global has the greatest content in the world,” he continued. “We’ve got incredible assets at this company.”
Equally as important, McCarthy said, is the fact that the three execs stepping in for Bakish are well-acquainted with each other. “We’re true partners,” he said, with a “deep respect for each other.”
The company is finalizing a long-term strategic plan, McCarthy added, built on three pillars: optimizing hit content,...
The remarks, which took up just two minutes at the start of Paramount’s first-quarter earnings call, featured short comments from each exec, with the trio being played off by the Mission: Impossible theme. Cheeks began by thanking Bakish for his leadership.
“Paramount Global has the greatest content in the world,” he continued. “We’ve got incredible assets at this company.”
Equally as important, McCarthy said, is the fact that the three execs stepping in for Bakish are well-acquainted with each other. “We’re true partners,” he said, with a “deep respect for each other.”
The company is finalizing a long-term strategic plan, McCarthy added, built on three pillars: optimizing hit content,...
- 4/29/2024
- by Dade Hayes
- Deadline Film + TV
Paramount Global unveiled its first-quarter financial results Monday as controlling shareholder National Amusements, led by Shari Redstone, is in exclusive sale negotiations with a group led by David Ellison’s Skydance, as well as Gerry Cardinale’s RedBird Capital and Kkr.
During the latest quarter, the company hit 71 million Paramount+ streaming subscribers worldwide, up from 67.5 million Paramount+ customers at the end of its fourth quarter, with 3.7 million customers added during the past three months.
And the studio shrunk its streaming loss to $286 million for the first quarter, an improvement over a $511 million loss in Q1 2023. Direct-to-consumer revenue rose 24 percent to $1.87 billion, as advertising and subscription revenues were both up, driven by growth from Pluto TV and Paramount+.
Elsewhere, TV media revenue rose 1 percent to $5.2 billion and filmed entertainment revenue rose 3 percent to $605 million, driven by business from Mean Girls and Bob Marley: One Love.
Paramount’s latest earnings were released...
During the latest quarter, the company hit 71 million Paramount+ streaming subscribers worldwide, up from 67.5 million Paramount+ customers at the end of its fourth quarter, with 3.7 million customers added during the past three months.
And the studio shrunk its streaming loss to $286 million for the first quarter, an improvement over a $511 million loss in Q1 2023. Direct-to-consumer revenue rose 24 percent to $1.87 billion, as advertising and subscription revenues were both up, driven by growth from Pluto TV and Paramount+.
Elsewhere, TV media revenue rose 1 percent to $5.2 billion and filmed entertainment revenue rose 3 percent to $605 million, driven by business from Mean Girls and Bob Marley: One Love.
Paramount’s latest earnings were released...
- 4/29/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Paramount Global CEO Bob Bakish is out as the company unveiled a triumvirate leadership team shortly before its Q1 earnings report on Monday, amid ongoing uncertainty over who will eventually own the company.
Paramount Global has established an Office of the CEO comprising George Cheeks, president and CEO of CBS, Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks, and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon.
It is understood Bakish, who has worked with controlling shareholder Shari Redstone for more than 25 years since he joined Viacom in 1997, did not favour the bid...
Paramount Global has established an Office of the CEO comprising George Cheeks, president and CEO of CBS, Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks, and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon.
It is understood Bakish, who has worked with controlling shareholder Shari Redstone for more than 25 years since he joined Viacom in 1997, did not favour the bid...
- 4/29/2024
- ScreenDaily
In a shocking move that is shocking nobody this afternoon, Paramount Global President and CEO Bob Bakish is out. In are his (hopefully) crack replacement team. The “Office of the CEO” gang consists of Paramount Pictures and Nickelodeon CEO Brian Robbins, Showtime/MTV Entertainment Studios President and CEO Chris McCarthy, and CBS President and CEO George Cheeks.
Paramount Global reported its quarterly earnings on Monday, hence the timing. Company executives, those who remain at least, will host a conference call with Wall Street analysts (and the media listening in) at 4:30 p.m. Et.
“Paramount Global includes exceptional assets and we believe strongly in the future value creation potential of the Company,” Shari Redstone, the chair of Paramount’s board, said in a statement. “I have tremendous confidence in George, Chris, and Brian. They have both the ability to develop and execute on a new strategic plan and to work together as true partners.
Paramount Global reported its quarterly earnings on Monday, hence the timing. Company executives, those who remain at least, will host a conference call with Wall Street analysts (and the media listening in) at 4:30 p.m. Et.
“Paramount Global includes exceptional assets and we believe strongly in the future value creation potential of the Company,” Shari Redstone, the chair of Paramount’s board, said in a statement. “I have tremendous confidence in George, Chris, and Brian. They have both the ability to develop and execute on a new strategic plan and to work together as true partners.
- 4/29/2024
- by Tony Maglio
- Indiewire
It’s official: Bob Bakish is out as CEO of Paramount Global, the company announced Monday. The exec’s departure after nearly three decades at Paramount Global and predecessor Viacom comes as the media conglomerate’s board and controlling shareholder Shari Redstone are trying to lock down a deal to merge with Skydance Media.
Three of the company’s divisional heads will divvy up duties in the newly formed “Office of the CEO”: George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon.
Word emerged over the weekend that Bakish was expected to exit the company imminently. Paramount Global said Bakish is “stepping down from his role as CEO” and from the board of directors. Bakish has agreed to remain employed with the company as a senior adviser from May 1 to Oct.
Three of the company’s divisional heads will divvy up duties in the newly formed “Office of the CEO”: George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon.
Word emerged over the weekend that Bakish was expected to exit the company imminently. Paramount Global said Bakish is “stepping down from his role as CEO” and from the board of directors. Bakish has agreed to remain employed with the company as a senior adviser from May 1 to Oct.
- 4/29/2024
- by Todd Spangler
- Variety Film + TV
Paramount Global CEO Bob Bakish is officially out at the company.
The entertainment conglomerate — in the middle of a sales process — is turning to a handful of top executives to run the company.
Chris McCarthy, George Cheeks and Brian Robbins will make up an “Office of the CEO,” running Paramount on a day-to-day basis for now. The three executives will work with the Paramount board and CFO Naveen Chopra.
According to Paramount’s quarterly report, Bakish will officially step down on Tuesday, and has agreed to remain employed by the company through Oct. 31 as a “senior advisor.”
The dramatic change comes as Paramount is in the middle of an exclusive negotiating window with a potential buyer group consisting of David Ellison’s Skydance, RedBird Capital and Kkr, with talks circling a plan that would keep Paramount public but with Skydance and RedBird executives effectively running things and executing a new strategy.
The entertainment conglomerate — in the middle of a sales process — is turning to a handful of top executives to run the company.
Chris McCarthy, George Cheeks and Brian Robbins will make up an “Office of the CEO,” running Paramount on a day-to-day basis for now. The three executives will work with the Paramount board and CFO Naveen Chopra.
According to Paramount’s quarterly report, Bakish will officially step down on Tuesday, and has agreed to remain employed by the company through Oct. 31 as a “senior advisor.”
The dramatic change comes as Paramount is in the middle of an exclusive negotiating window with a potential buyer group consisting of David Ellison’s Skydance, RedBird Capital and Kkr, with talks circling a plan that would keep Paramount public but with Skydance and RedBird executives effectively running things and executing a new strategy.
- 4/29/2024
- by Alex Weprin and Georg Szalai
- The Hollywood Reporter - Movie News
Paramount Global’s CEO Bob Bakish is out. The executive who has been a presence at several iterations of the company since 1997 will exit, effective immediately. A triumvirate of division heads — Brian Robbins, George Cheeks and Chris McCarthy — will step in to lead the company for now in a new office of the CEO.
Robbins is president & CEO of Paramount Pictures & Nickelodeon and chief content officer, Movies and Kids & Family, Paramount+; Cheeks is president-ceo of CBS, and chief content officer, News and Sports, Paramount+; McCarthy is President & CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks.
The company said the “Office of the CEO is working with the Board to develop a comprehensive, long-range plan to accelerate growth and develop popular content, materially streamline operations, strengthen the balance sheet, and continue to optimize the streaming strategy. The Board has great confidence in the leaders comprising the Office of the CEO,...
Robbins is president & CEO of Paramount Pictures & Nickelodeon and chief content officer, Movies and Kids & Family, Paramount+; Cheeks is president-ceo of CBS, and chief content officer, News and Sports, Paramount+; McCarthy is President & CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks.
The company said the “Office of the CEO is working with the Board to develop a comprehensive, long-range plan to accelerate growth and develop popular content, materially streamline operations, strengthen the balance sheet, and continue to optimize the streaming strategy. The Board has great confidence in the leaders comprising the Office of the CEO,...
- 4/29/2024
- by Jill Goldsmith
- Deadline Film + TV
Three Paramount executives will take Bakish’s place until the question of Paramount’s ownership is determined.
It has been a tumultuous few months for Paramount Global as the venerated entertainment company has been regularly embroiled in rumors surrounding its ownership and, more recently, who will be in charge of the company. On Monday, some of those questions were answered as Paramount reported its first-quarter earnings for 2024. On the streaming front, the company’s flagship platform Paramount+ added 3.7 million customers worldwide during the first three months of the year to bring its global total to 71.2 million, up 18.67% year over year.
Key Details: Paramount+ saw 18.67% subscriber growth over the course of the past year. The streamer also boasted a 51% revenue jump year over year as well. CEO Bob Bakish stepped down from his post on Monday effective immediately and he will be replaced by a trio of executives while Paramount’s ownership is decided.
It has been a tumultuous few months for Paramount Global as the venerated entertainment company has been regularly embroiled in rumors surrounding its ownership and, more recently, who will be in charge of the company. On Monday, some of those questions were answered as Paramount reported its first-quarter earnings for 2024. On the streaming front, the company’s flagship platform Paramount+ added 3.7 million customers worldwide during the first three months of the year to bring its global total to 71.2 million, up 18.67% year over year.
Key Details: Paramount+ saw 18.67% subscriber growth over the course of the past year. The streamer also boasted a 51% revenue jump year over year as well. CEO Bob Bakish stepped down from his post on Monday effective immediately and he will be replaced by a trio of executives while Paramount’s ownership is decided.
- 4/29/2024
- by Matt Tamanini
- The Streamable
Paramount Global is set to announce as early as Monday morning that Bob Bakish is stepping down as CEO amid talks with Skydance and ahead of the company’s quarterly earnings that afternoon.
News Bakish might exit started circulating Friday. Paramount’s controlling shareholder and executive chair Shari Redstone, while once clearly on the same page with the chief executive, is said to be unhappy with some of his more recent strategic moves including a decision not to unload Showtime and an aborted sale process for BET. Deadline has also heard that Bakish is not a fan of a deal with David Ellison’s Skydance, in opposition to Redstone. The two companies are towards the end of a exclusive month-long negotiating period.
Paramount is reporting first quarter earnings after market close Monday. Bakish is not expected to be on the call.
It’s not clear how the company would replace him.
News Bakish might exit started circulating Friday. Paramount’s controlling shareholder and executive chair Shari Redstone, while once clearly on the same page with the chief executive, is said to be unhappy with some of his more recent strategic moves including a decision not to unload Showtime and an aborted sale process for BET. Deadline has also heard that Bakish is not a fan of a deal with David Ellison’s Skydance, in opposition to Redstone. The two companies are towards the end of a exclusive month-long negotiating period.
Paramount is reporting first quarter earnings after market close Monday. Bakish is not expected to be on the call.
It’s not clear how the company would replace him.
- 4/27/2024
- by Jill Goldsmith
- Deadline Film + TV
Deadline’s Most Valuable Blockbuster tournament is back. While studios during Covid wildly embraced the theatrical day-and-date model when cinemas were closed, they soon realized there’s nothing more profitable than a theatrical release and the downstreams that come with it. If anything, theatrical is the advertisement for a movie’s longevity in subsequent home entertainment windows. Entering the conversation in 2023 were the streamers, such as Apple, who have also realized the necessity of theatrical to eventize their movies. The financial data pulled together here for Deadline’s Most Valuable Blockbuster Tournament is culled by seasoned and trusted sources.
The Film
Paw Patrol: The Mighty Movie
Paramount Pictures and Spin Master
Kicking off this year’s blockbuster tournament with a shocking twist is Paramount and Spin Master’s sequel Paw Patrol: The Mighty Movie, a September 29 release that growled loudly at the box office with a $22.7 million domestic opening, a...
The Film
Paw Patrol: The Mighty Movie
Paramount Pictures and Spin Master
Kicking off this year’s blockbuster tournament with a shocking twist is Paramount and Spin Master’s sequel Paw Patrol: The Mighty Movie, a September 29 release that growled loudly at the box office with a $22.7 million domestic opening, a...
- 4/26/2024
- by Anthony D'Alessandro
- Deadline Film + TV
In step with Infrared’s goal of building a dynamic supplier of mid-budget mainstream genre titles with franchise potential, Drew Simon has hit the ground running at the FilmNation-owned production label.
Since Infrared launched in November 2022 the president of production has announced two features, with principal photography on the first, the high-concept action title Novocaine starring Jack Quaid of Amazon Studios series The Boys, underway in Cape Town, South Africa.
Paramount snapped up worldwide rights after FilmNation launched sales at AFM last year and has set a March 14, 2025 release date. Robert Olsen and Dan Berk co-direct the story of a...
Since Infrared launched in November 2022 the president of production has announced two features, with principal photography on the first, the high-concept action title Novocaine starring Jack Quaid of Amazon Studios series The Boys, underway in Cape Town, South Africa.
Paramount snapped up worldwide rights after FilmNation launched sales at AFM last year and has set a March 14, 2025 release date. Robert Olsen and Dan Berk co-direct the story of a...
- 4/25/2024
- ScreenDaily
In step with the goal of building a dynamic supplier of mid-budget mainstream genre titles with franchise potential, Drew Simon has hit the ground running at the FilmNation-owned production label.
Since Infrared launched in November 2022 the president of production has announced two features, with production on the first, the high-concept action title Novocaine starring Jack Quaid of Amazon Studios series The Boys, underway in Cape Town, South Africa.
Paramount snapped up worldwide rights after FilmNation launched sales at AFM last year and has set a March 14, 2025 release date. Robert Olsen and Dan Berk co-direct the story of a bank executive...
Since Infrared launched in November 2022 the president of production has announced two features, with production on the first, the high-concept action title Novocaine starring Jack Quaid of Amazon Studios series The Boys, underway in Cape Town, South Africa.
Paramount snapped up worldwide rights after FilmNation launched sales at AFM last year and has set a March 14, 2025 release date. Robert Olsen and Dan Berk co-direct the story of a bank executive...
- 4/25/2024
- ScreenDaily
Paramount’s all-audience movie If, starring Ryan Reynolds and directed by John Krasinski, is heading for a $40M-plus opening on May 17 — which is very good for a non-holiday in May and for an original movie.
Krasinski produced, directed and wrote If.
The PG movie is hot with parents, kids and the 17-34 crowd, especially female. If arrived on three-week pre-release tracking with a very-high 16 “unaided” — that’s the category where those polled express interest in a movie without being prompted. That’s higher than what DreamWorks Animation/Universal’s Kung Fu Panda 4 arrived on tracking with; that fourthquel debuted to $57.9M.
Comps are tricky for If: Hello?! When was the last PG-rated live-action conceived tentpole based on an original property? There was the Jennifer Aniston-Owen Wilson 2008 dog romance Marley & Me, which debuted to $36.3M, but that doesn’t count. There also was 2004’s Nicolas Cage action...
Krasinski produced, directed and wrote If.
The PG movie is hot with parents, kids and the 17-34 crowd, especially female. If arrived on three-week pre-release tracking with a very-high 16 “unaided” — that’s the category where those polled express interest in a movie without being prompted. That’s higher than what DreamWorks Animation/Universal’s Kung Fu Panda 4 arrived on tracking with; that fourthquel debuted to $57.9M.
Comps are tricky for If: Hello?! When was the last PG-rated live-action conceived tentpole based on an original property? There was the Jennifer Aniston-Owen Wilson 2008 dog romance Marley & Me, which debuted to $36.3M, but that doesn’t count. There also was 2004’s Nicolas Cage action...
- 4/25/2024
- by Anthony D'Alessandro
- Deadline Film + TV
Meghan Markle has been busy behind the scenes with launching her American Riviera Orchard brand, and signs of that work are showing up on influencers’ social media accounts.
Since the launch of her brand on the same day Prince William and Prince Harry presented the Diana Awards on separate continents during separate appearances, fans have been waiting to see what Meghan will sell.
As soon as Prince Harry’s wife announced that she was launching a lifestyle brand reminiscent of Gwenyth Paltrow’s Goop, fans excitedly posted on social media, as reported by Monsters and Critics.
Photos are starting to circulate about the first product, which is reportedly strawberry jam.
Mrs. Tracy Robbins, the wife of Paramount Studios president and CEO Brian Robbins, has shared photos of the product on her Instagram Stories.
Tracy captioned the product in one photo, “@americanrivieraorchard breakfast, lunch, and dinner just got a little sweeter.
Since the launch of her brand on the same day Prince William and Prince Harry presented the Diana Awards on separate continents during separate appearances, fans have been waiting to see what Meghan will sell.
As soon as Prince Harry’s wife announced that she was launching a lifestyle brand reminiscent of Gwenyth Paltrow’s Goop, fans excitedly posted on social media, as reported by Monsters and Critics.
Photos are starting to circulate about the first product, which is reportedly strawberry jam.
Mrs. Tracy Robbins, the wife of Paramount Studios president and CEO Brian Robbins, has shared photos of the product on her Instagram Stories.
Tracy captioned the product in one photo, “@americanrivieraorchard breakfast, lunch, and dinner just got a little sweeter.
- 4/17/2024
- by Pamela Roy
- Monsters and Critics
Mark Twain once quipped, “Age is a case of mind over matter. If you don’t mind it, it doesn’t matter.” When it comes to Martin Scorsese, age certainly isn’t making a difference. After landing 10 Oscar nominations for last year’s historical crime epic “Killers of the Flower Moon,” the 81-year-old director has mapped out his next several projects. Sources say he plans to shoot two films back to back: the first about Jesus, the second a Frank Sinatra biopic.
The Oscar-winning director who helped usher in the Hollywood New Wave of the 1970s is looking to bypass the studio system and independently finance “Life of Jesus,” based on Shūsaku Endō’s 1973 book. He took the same approach with the 2016 drama “Silence” (which also was adapted from an Endō novel). In fact, Scorsese would like to reunite with “Silence” star Andrew Garfield for the Jesus project, though it...
The Oscar-winning director who helped usher in the Hollywood New Wave of the 1970s is looking to bypass the studio system and independently finance “Life of Jesus,” based on Shūsaku Endō’s 1973 book. He took the same approach with the 2016 drama “Silence” (which also was adapted from an Endō novel). In fact, Scorsese would like to reunite with “Silence” star Andrew Garfield for the Jesus project, though it...
- 4/17/2024
- by Tatiana Siegel
- Variety Film + TV
Twenty years in, Kenan Thompson is the longest serving cast member on Saturday Night Live, but he likely owes part of his success on the show to his early work on another sketch comedy series, Nickelodeon’s All That, which premiered thirty years ago today on April 16th 1994.
Created as a Saturday Night Live for kids by Mike Tollin and Brian Robbins, All That consisted of comedy sketches performed by a cast of kids, alongside performances from some of the biggest musical acts of the day.
As it happened. Thompson—then fresh off his screen debut in D2: The Mighty Ducks—was the very first person All That viewers saw onscreen in a cold open:
Much like his SNL career, Thompson’s time on All That was marked by a large number of characters including Pierre Escargot, Superdude, and a Bill Cosby impression that he’d later bring to SNL.
Created as a Saturday Night Live for kids by Mike Tollin and Brian Robbins, All That consisted of comedy sketches performed by a cast of kids, alongside performances from some of the biggest musical acts of the day.
As it happened. Thompson—then fresh off his screen debut in D2: The Mighty Ducks—was the very first person All That viewers saw onscreen in a cold open:
Much like his SNL career, Thompson’s time on All That was marked by a large number of characters including Pierre Escargot, Superdude, and a Bill Cosby impression that he’d later bring to SNL.
- 4/16/2024
- by Nick Riccardo
- LateNighter
The trailer for Paramount’s Smile 2 came as a surprise Thursday morning during the studio’s session at CinemaCon.
Alhough not introduced, when the images first hit the screen, it was easy to assume Paramount was distributing a Lady Gaga concert movie (it truly felt that way). But as it continued, it was clear Naomi Scott was playing a pop star who encounters a number of terrorizing smiling fans and associates (including Lukas Gage) in the Parker Finn-directed and -written sequel to the $217 million-plus global grossing 2022 horror hit.
Gags were aplenty this morning from Paramount CEO Brian Robbins and Domestic Distribution President Chris Aronson, the latter who showed up dressed as a gladiator, and they continued after they dropped the trailer. Following its reveal, Aronson called out to circuit heads Sean Gamble of Cinemark, Eduardo Acuna of Regal and Adam Aron of AMC, who individually were projected on screen smiling (get the stunt?...
Alhough not introduced, when the images first hit the screen, it was easy to assume Paramount was distributing a Lady Gaga concert movie (it truly felt that way). But as it continued, it was clear Naomi Scott was playing a pop star who encounters a number of terrorizing smiling fans and associates (including Lukas Gage) in the Parker Finn-directed and -written sequel to the $217 million-plus global grossing 2022 horror hit.
Gags were aplenty this morning from Paramount CEO Brian Robbins and Domestic Distribution President Chris Aronson, the latter who showed up dressed as a gladiator, and they continued after they dropped the trailer. Following its reveal, Aronson called out to circuit heads Sean Gamble of Cinemark, Eduardo Acuna of Regal and Adam Aron of AMC, who individually were projected on screen smiling (get the stunt?...
- 4/11/2024
- by Anthony D'Alessandro
- Deadline Film + TV
Las Vegas – Things are rocky for Paramount Pictures at the moment. While studio CEO and Chairman Brian Robbins and his team presented highlights of their upcoming 2024 slate, reports were breaking of corporate shareholders coming out publicly against a proposed merger with Skydance Media. Robbins acknowledged the “elephant in the room” joking that the studio’s head of distribution Chris Aronson was setting up a GoFundMe to buy the company himself.
Continue reading ‘Gladiator II’ Shows Its Teeth For Paramount Pictures At CinemaCon at The Playlist.
Continue reading ‘Gladiator II’ Shows Its Teeth For Paramount Pictures At CinemaCon at The Playlist.
- 4/11/2024
- by Gregory Ellwood
- The Playlist
What do you do when your conglom might be a target for a takeover? Don’t sweat it and laugh.
As Skydance remains in talks with Paramount Global‘s majority shareholder National Amusements to take control of the studio, Paramount Pictures CEO Brian Robbins made light of sales talks before exhibitors at CinemaCon in Las Vegas on Thursday, saying “My colleague Chris Aronson is also raising money to make a bid for the studio; he has a Kickstarter … I don’t know how corporate will feel.”
Flashed behind Robbins on the screen was a fake news report about Paramount’s domestic distribution president Aronson with a cardboard sign that read “Anything helps” in a plea for donations.
Paramount is currently in an exclusive 30-day negotiating window with Skydance Media for a deal that’s favored by Shari Redstone but getting tons of blowback from other shareholders.
Despite’s Paramount financial...
As Skydance remains in talks with Paramount Global‘s majority shareholder National Amusements to take control of the studio, Paramount Pictures CEO Brian Robbins made light of sales talks before exhibitors at CinemaCon in Las Vegas on Thursday, saying “My colleague Chris Aronson is also raising money to make a bid for the studio; he has a Kickstarter … I don’t know how corporate will feel.”
Flashed behind Robbins on the screen was a fake news report about Paramount’s domestic distribution president Aronson with a cardboard sign that read “Anything helps” in a plea for donations.
Paramount is currently in an exclusive 30-day negotiating window with Skydance Media for a deal that’s favored by Shari Redstone but getting tons of blowback from other shareholders.
Despite’s Paramount financial...
- 4/11/2024
- by Anthony D'Alessandro and Jill Goldsmith
- Deadline Film + TV
A lively CinemaCon presentation closed out with spectacular first footage from Ridley Scott’s Gladiator II as studio top brass mostly put speculation of mergers and acquisitions behind them to focus on a rich upcoming slate.
Yet there was scarcely a mention of Mission: Impossible 8, the next instalment in the spy action franchise from Tom Cruise and Christopher McQuarrie due out on May 23, 2025. There was no recorded segment of Cruise dangling from the International Space Station announcing the new title, and no sneak peaks.
Paramount Pictures president and CEO Brian Robbins did however introduce a recorded piece from director Ridley Scott and stars Paul Mescal,...
Yet there was scarcely a mention of Mission: Impossible 8, the next instalment in the spy action franchise from Tom Cruise and Christopher McQuarrie due out on May 23, 2025. There was no recorded segment of Cruise dangling from the International Space Station announcing the new title, and no sneak peaks.
Paramount Pictures president and CEO Brian Robbins did however introduce a recorded piece from director Ridley Scott and stars Paul Mescal,...
- 4/11/2024
- ScreenDaily
A lively CinemaCon presentation closed out with spectacular first footage from Ridley Scott’s Gladiator II as studio top brass mostly put speculation of mergers and acquisitions behind them to focus on a rich upcoming slate.
Yet there was scarcely a mention of Mission: Impossible 8, the next instalment in the spy action franchise from Tom Cruise and Christopher McQuarrie due out on May 23, 2025.
Paramount Pictures president and CEO Brian Robbins introduced a recorded piece from director Ridley Scott and stars Paul Mescal, Pedro Pascal, Joseph Quinn, Connie Nielsen and Denzel Washington. Ahead of the November 22 release later this year, the...
Yet there was scarcely a mention of Mission: Impossible 8, the next instalment in the spy action franchise from Tom Cruise and Christopher McQuarrie due out on May 23, 2025.
Paramount Pictures president and CEO Brian Robbins introduced a recorded piece from director Ridley Scott and stars Paul Mescal, Pedro Pascal, Joseph Quinn, Connie Nielsen and Denzel Washington. Ahead of the November 22 release later this year, the...
- 4/11/2024
- ScreenDaily
Trey Parker and Matt Stone are best known for creating the animated series South Park, which they have dedicated a few decades of their lives to – but as South Park marches on into its 27th season, Parker and Stone are also taking some time to work with rapper Kendrick Lamar and filmmaker / record executive Dave Free on a live-action comedy they have set up at Paramount Pictures. Parker and Stone are producing the currently-untitled film through their company Park County while Lamar and Free do the same for pgLang, and during the Paramount panel at CinemaCon today it was announced that the film is set for a July 4, 2025 theatrical release!
While speaking at CinemaCon, Paramount CEO Brian Robbins had this to say about the project: “I’m excited to announce that we’re going into production this summer on a live-action comedy from the creators of South Park and The Book of Mormon,...
While speaking at CinemaCon, Paramount CEO Brian Robbins had this to say about the project: “I’m excited to announce that we’re going into production this summer on a live-action comedy from the creators of South Park and The Book of Mormon,...
- 4/11/2024
- by Cody Hamman
- JoBlo.com
Sound might be instant death in the world of "A Quiet Place," but that's not stopping Paramount Pictures from making some noise with the newest installment of this unexpectedly successful franchise. First kicked off by director and star John Krasinski in 2018, the high-concept genre movie instantly stood out as an original, well-crafted, and thoroughly engrossing experience at the theater. And since anything done well these days is apparently always worth doing twice, if not more, that effort led to a sequel just two years later. Now, we're on the cusp of a prequel movie that aims to turn back the clock all the way to ground zero of the alien invasion with "A Quiet Place: Day One."
So how long has this film been in the works? Well, let's put it this way: this week's CinemaCon held in Las Vegas has been expected to debut new footage of the origin story,...
So how long has this film been in the works? Well, let's put it this way: this week's CinemaCon held in Las Vegas has been expected to debut new footage of the origin story,...
- 4/11/2024
- by Jeremy Mathai
- Slash Film
Paramount’s A Quiet Place: Day One is getting ready to bring chills to audiences.
Stars Lupita Nyong’o and Joseph Quinn on Thursday introduced extended footage of the prequel to movie theater owners gathered in Las Vegas this week for CinemaCon, where they are being briefed by Hollywood studios on their upcoming slates (the footage won’t be shared outside the room, since the movie is close to opening and there have been numerous trailers already).
The event spinoff pic is a cornerstone of Paramount’s slate, and hopes to be another win for the innovative horror franchise created by John Krasinski that turned into a major hit after successfully proving that original stories can work on a large, commercial scale.
Krasinksi is a key member of Paramount’s inner circle of filmmakers, along with Neal H. Moritz, Ryan Reynolds and Damien Chazelle. During his time onstage Thursday, Paramount film...
Stars Lupita Nyong’o and Joseph Quinn on Thursday introduced extended footage of the prequel to movie theater owners gathered in Las Vegas this week for CinemaCon, where they are being briefed by Hollywood studios on their upcoming slates (the footage won’t be shared outside the room, since the movie is close to opening and there have been numerous trailers already).
The event spinoff pic is a cornerstone of Paramount’s slate, and hopes to be another win for the innovative horror franchise created by John Krasinski that turned into a major hit after successfully proving that original stories can work on a large, commercial scale.
Krasinksi is a key member of Paramount’s inner circle of filmmakers, along with Neal H. Moritz, Ryan Reynolds and Damien Chazelle. During his time onstage Thursday, Paramount film...
- 4/11/2024
- by Pamela McClintock
- The Hollywood Reporter - Movie News
Paramount Pictures CEO Brian Robbins got cheeky about the sales talks surrounding his corporate parent Paramount Global.
In a presentation to worldwide theater owners at the annual Las Vegas convention CinemaCon, Robbins got right to the point in his opening remarks about what’s next for his team. The actor-turned-executive asked the crowd at Caesars Palace if they’d heard about recent speculation over the sale before announcing that “my colleague Chris Aronson is also raising money to make a bid for the studio; he has a Kickstarter.”
The joke was accompanied by a mock news report featuring Paramount film distribution president Aronson, who was pictured holding a cardboard sign soliciting donations. “Anything helps,” it read.
Aronson is known for his deep ties to the theater owners and for splashy CinemaCon entrances. It may be super inside baseball, but the crowd ate it up. Though Robbins ultimately avoided any material...
In a presentation to worldwide theater owners at the annual Las Vegas convention CinemaCon, Robbins got right to the point in his opening remarks about what’s next for his team. The actor-turned-executive asked the crowd at Caesars Palace if they’d heard about recent speculation over the sale before announcing that “my colleague Chris Aronson is also raising money to make a bid for the studio; he has a Kickstarter.”
The joke was accompanied by a mock news report featuring Paramount film distribution president Aronson, who was pictured holding a cardboard sign soliciting donations. “Anything helps,” it read.
Aronson is known for his deep ties to the theater owners and for splashy CinemaCon entrances. It may be super inside baseball, but the crowd ate it up. Though Robbins ultimately avoided any material...
- 4/11/2024
- by Matt Donnelly
- Variety Film + TV
Kendrick Lamar is teaming up with South Park creators Matt Stone and Trey Parker for a new live-action comedy.
The untitled feature film is being produced by Lamar and Dave Free under their media company pgLang. Stone and Parker are on board as co-producers, and Paramount Pictures will handle the film’s theatrical and home distribution. A release date has been set for July 4th, 2025.
When the project was first announced in 2022, it was described as a live-action comedy written by Veron Chatman, which “will depict the past and present coming to a head when a young Black man who is interning as a slave reenactor at a living history museum discovers that his white girlfriend’s ancestors once owned his.”
“This script is one of the funniest and most original scripts we’ve ever read, and it’s certain to create some fireworks when it hits theaters on July 4th,...
The untitled feature film is being produced by Lamar and Dave Free under their media company pgLang. Stone and Parker are on board as co-producers, and Paramount Pictures will handle the film’s theatrical and home distribution. A release date has been set for July 4th, 2025.
When the project was first announced in 2022, it was described as a live-action comedy written by Veron Chatman, which “will depict the past and present coming to a head when a young Black man who is interning as a slave reenactor at a living history museum discovers that his white girlfriend’s ancestors once owned his.”
“This script is one of the funniest and most original scripts we’ve ever read, and it’s certain to create some fireworks when it hits theaters on July 4th,...
- 4/11/2024
- by Alex Young
- Consequence - Music
Kendrick Lamar is teaming up with South Park creators Matt Stone and Trey Parker for a new live-action comedy.
The untitled feature film is being produced by Lamar and Dave Free under their media company pgLang. Stone and Parker are on board as co-producers, and Paramount Pictures will handle the film’s theatrical and home distribution. A release date has been set for July 4th, 2025.
When the project was first announced in 2022, it was described as a live-action comedy written by Veron Chatman, which “will depict the past and present coming to a head when a young Black man who is interning as a slave reenactor at a living history museum discovers that his white girlfriend’s ancestors once owned his.”
“This script is one of the funniest and most original scripts we’ve ever read, and it’s certain to create some fireworks when it hits theaters on July 4th,...
The untitled feature film is being produced by Lamar and Dave Free under their media company pgLang. Stone and Parker are on board as co-producers, and Paramount Pictures will handle the film’s theatrical and home distribution. A release date has been set for July 4th, 2025.
When the project was first announced in 2022, it was described as a live-action comedy written by Veron Chatman, which “will depict the past and present coming to a head when a young Black man who is interning as a slave reenactor at a living history museum discovers that his white girlfriend’s ancestors once owned his.”
“This script is one of the funniest and most original scripts we’ve ever read, and it’s certain to create some fireworks when it hits theaters on July 4th,...
- 4/11/2024
- by Alex Young
- Consequence - Film News
Rihanna now has a host of blue pals to join her journey as Smurfette in the animated The Smurfs Movie for Paramount Pictures and Paramount Animation.
During the studio’s presentation at CinemaCon on Thursday, Paramount chief Brian Robbins announced that an all-star cast has been set for the film including Nick Offerman, Natasha Lyonne, Jp Karliak, Dan Levy, Amy Sedaris, Nick Kroll, James Corden, Octavia Spencer, Hannah Waddingham, Sandra Oh, Alex Winter, Billie Lourd, Xolo Maridueña with Kurt Russell and John Goodman. Or, as Robbins put it, “Pretty much the rest of the Screen Actors Guild.” He also praised Rihanna as “the most legendary Smurfette ever.”
The news comes one year after Rihanna turned up to surprise CinemaCon attendees on the Colosseum stage inside Caesars Palace to announce that she had signed on to tackle the project as a triple threat by providing the voice of Smurfette, producing alongside Ryan Harris,...
During the studio’s presentation at CinemaCon on Thursday, Paramount chief Brian Robbins announced that an all-star cast has been set for the film including Nick Offerman, Natasha Lyonne, Jp Karliak, Dan Levy, Amy Sedaris, Nick Kroll, James Corden, Octavia Spencer, Hannah Waddingham, Sandra Oh, Alex Winter, Billie Lourd, Xolo Maridueña with Kurt Russell and John Goodman. Or, as Robbins put it, “Pretty much the rest of the Screen Actors Guild.” He also praised Rihanna as “the most legendary Smurfette ever.”
The news comes one year after Rihanna turned up to surprise CinemaCon attendees on the Colosseum stage inside Caesars Palace to announce that she had signed on to tackle the project as a triple threat by providing the voice of Smurfette, producing alongside Ryan Harris,...
- 4/11/2024
- by Chris Gardner
- The Hollywood Reporter - Movie News
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