Sony, Apollo Offer $26B in Cash for Paramount - How Could That Impact Streaming?
Sony, Apollo Offer $26B in Cash for Paramount - How Could That Impact Streaming?
admin 2024/05/02 23:02The future of Paramount may be decided in the coming days.
In addition to a bid from Skydance, the Wall Street Journal reports Sony and Apollo Global Management have teamed up to offer $26 billion in cash for the entertainment company. Ultimately, the decision will be made by Shari Redstone, who owns most of the voting shares of Paramount.
While it’s hard to guess where Paramount would pivot under Skydance, a Sony/Apollo ownership offers more clues. Sony doesn’t own any TV stations, but it does create a lot of television shows that air on multiple networks. Its shows include “Shark Tank,” “The Wheel of Time,” “The Boys,” “Jeopardy!” “Wheel of Fortune,” and “Twisted Metal.”
The big question is whether Sony holds on to Paramount’s CBS or chooses to sell it to another media company.
Learn more: https://thestreamable.com/news/sony-apollo-offer-26b-in-cash-for-paramount...
In addition to a bid from Skydance, the Wall Street Journal reports Sony and Apollo Global Management have teamed up to offer $26 billion in cash for the entertainment company. Ultimately, the decision will be made by Shari Redstone, who owns most of the voting shares of Paramount.
While it’s hard to guess where Paramount would pivot under Skydance, a Sony/Apollo ownership offers more clues. Sony doesn’t own any TV stations, but it does create a lot of television shows that air on multiple networks. Its shows include “Shark Tank,” “The Wheel of Time,” “The Boys,” “Jeopardy!” “Wheel of Fortune,” and “Twisted Metal.”
The big question is whether Sony holds on to Paramount’s CBS or chooses to sell it to another media company.
Learn more: https://thestreamable.com/news/sony-apollo-offer-26b-in-cash-for-paramount...
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