ClosedEconomy
Paramount-Warner Bros deal court approval
Paramount's acquisition of Warner Bros. closed, with David Ellison and his family investing about $17 billion, plus a $4 billion RedBird equity contribution. Poland will review the TVN purchase, and Ellison's takeover has begun removing executives including Michael De Luca and Pamela Abdy.
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- 30 Sep
Developments
Thursday 8 October
1 development02:10 UTC· the latest
Ellison family invested about $17bn to close Warner deal
Public filings show David Ellison and his family put in roughly $17 billion to complete Paramount Skydance's acquisition of Warner Bros. Discovery.
1 sourceBloomberg
BloombergXThu 8 Oct, 02:10
David Ellison and his family invested approximately $17 billion to complete Paramount Skydance Corp.’s acquisition of Warner Bros. Discovery Inc., according to public filings.
The original post
Wednesday 7 October
2 developments16:10 UTC
De Luca and Abdy among first casualties of Ellison takeover
The Warner Bros. film chiefs known for auteur-driven films like 'One Battle After Another' have been ousted.
BurbankUS
1 sourceBloomberg
BloombergXWed 7 Oct, 16:10
Among the first casualties of David Ellison’s takeover of Warner Bros. were Michael De Luca and Pamela Abdy, the executives known for spending freely on auteur-driven films like last year’s best-picture winner, One Battle After Another
The original post
11:15 UTC
Poland to review Paramount's purchase of TVN
The Polish government will review Paramount Skydance's acquisition of Warner Bros. Discovery-owned broadcaster TVN.
WarsawPL
1 sourceBloomberg
BloombergXWed 7 Oct, 11:15
The Polish government will review the purchase of Warner Bros. Discovery-owned television broadcaster TVN by Paramount Skydance
The original post
Tuesday 6 October
2 developments16:00 UTC
RedBird puts $4 billion new equity into Paramount-Warner deal
RedBird contributed $4 billion in new equity financing to fund Paramount's acquisition of Warner Bros., a person familiar with the investment said.
1 sourceBloomberg
BloombergXTue 6 Oct, 16:00
RedBird contributed $4 billion in new equity financing to fund Paramount’s acquisition of Warner Bros., according to a person familiar with the investment.
The original post
08:51 UTC
Paramount-Warner Bros merger closes, combined company begins operating
The mega-merger, which survived court challenges, protests and regulatory scrutiny, was completed and the combined company starts operating.
Los AngelesUS
3 sourcesNPR
NPRRSSTue 6 Oct, 08:51
Morning news brief With just weeks to go, a look at where the midterm elections stand, Saudi-backed forces in Yemen launch a major counter-offensive, Paramount and Warner Bros. begin operations after merger.
The original postNPRRSSTue 6 Oct, 09:00
New Hollywood era begins with an epic mega merger between Paramount and Warner Bros. The Paramount and Warner Bros. merger has survived court challenges, public protests and regulatory scrutiny. Now, the Hollywood heavyweight, named Skydance, begins operating.
The original postNPRRSSTue 6 Oct, 11:19
Dems have edge in midterms, poll shows. And, Paramount-Warner Bros. merger to close Polls are showing that Democrats have a clear advantage heading into the midterms, but that doesn't tell the whole story. And, today, a mega merger between Paramount and Warner Bros. is set
The original post
Monday 5 October
1 development15:20 UTC
Paramount Skydance names leadership; Thompson stays at CNN
Ellison unveiled the executive team for the combined company and kept Thompson as CNN chief.
2 sourcesReuters, Bloomberg
ReutersXMon 5 Oct, 15:20
Ellison retains Thompson as CNN chief, unveils Skydance leadership team
The original postBloombergXMon 5 Oct, 15:40
Paramount Skydance outlined the executive leadership team that will helm the new company resulting from its acquisition of Warner Bros. Discovery
The original post
Saturday 3 October
1 development19:10 UTC
Paramount's $50bn buyout debt weakens within hours of sale
Paramount Skydance sold about $50 billion of buyout debt across markets this week, and much of it weakened within hours, Bloomberg reported.
1 sourceBloomberg
BloombergXSat 3 Oct, 19:10
Borrowing is getting harder for companies. Paramount Skydance sold about $50 billion of buyout debt across markets this week, only to see much of it weaken within hours.
The original post
Friday 2 October
2 developments22:45 UTC
Ellison to install own executives at Warner film business
Paramount CEO David Ellison plans to put his own executives in charge of the studio's expanded film business after completing the $110 billion Warner Bros. acquisition next week.
1 sourceBloomberg
BloombergXFri 2 Oct, 22:45
Paramount CEO David Ellison plans to install his own executives to run the studio’s expanded film business, after the company completes its $110 billion acquisition of Warner Bros. next week
The original post
16:05 UTC
Paramount to rename itself Skydance after Warner deal
Paramount said it will take the name Skydance once it completes its acquisition of Warner Bros. Discovery.
1 sourceBloomberg
BloombergXFri 2 Oct, 16:05
Paramount will change its name to Skydance once it acquires Warner Bros. Discovery
The original post
Thursday 1 October
1 development19:55 UTC
Paramount asks CNN's Mark Thompson to stay on
Mark Thompson, who runs CNN for Warner Bros. Discovery, has been asked to remain overseeing the network after Paramount Skydance acquires its parent.
1 sourceBloomberg
BloombergXThu 1 Oct, 19:55
Mark Thompson, the former New York Times Co. executive who has been running Warner Bros. Discovery’s CNN, has been asked to stay in his role overseeing the news network after its parent company is acquired by Paramount Skydance.
The original post
Wednesday 30 September
2 developments23:45 UTC
Paramount names Ynon Kreiz co-CEO
David Ellison brought in former Mattel chief Ynon Kreiz as co-CEO as Paramount pursues its acquisition of Warner Bros.
1 sourceBloomberg
BloombergXWed 30 Sep, 23:45
Paramount’s David Ellison named ex-Mattel chief Ynon Kreiz co-CEO, bringing in an established media executive as he looks to create a new entertainment giant with the acquisition of Warner Bros.
The original post
19:49 UTC
Judge clears Paramount's Warner Bros acquisition
A California federal judge signed off on a deal resolving the 12-state attorneys general lawsuit; Paramount named Mattel's Kreiz co-CEO.
CaliforniaUS
3 sourcesBloomberg, Al Jazeera, Reuters
BloombergXWed 30 Sep, 19:49
A California federal judge cleared the way for Paramount Skydance to acquire Warner Bros. by signing off on a deal to resolve the lawsuit filed by 12 state attorneys general
The original postAl JazeeraRSSWed 30 Sep, 23:15
US judge approves settlement allowing Paramount to acquire Warner Bros Mammoth deal has raised questions about corporate consolidation and editorial independence in media.
The original postReutersXWed 30 Sep, 23:40
Paramount gets court green light on Warner Bros deal, names Mattel's Kreiz co-CEO
The original post