For some in Hollywood, there’s a sigh of relief in Skydance’s $8 billion takeover of Paramount: A legacy motion picture studio and entertainment conglom will largely remain standing. This versus if Sony had actually won Paramount, in which case we’d be looking at a potential reduction in theatrical releases, a maneuver that would greatly impact
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Media mogul Barry Diller is exploring a bid for Paramount, The New York Times reports. The Hollywood potentate-turned-digital media-pioneer’s IAC Corp. has inked nondisclosure deals with Shari Redstone’s National Amusements Inc., the company’s controlling stakeholder, the paper said. The Times said the status of the Diller-Paramount talks is unclear. A Paramount rep declined to comment
All due respect to Godzilla, but the first quarter of this year was a bust for Hollywood. There’s no getting around it. The news read like an April Fool’s joke without a punchline. Disney gave up its fight with Florida, better to face its battle with investor Nelson Peltz (which reminds the ancient among us