Just when the $8.4-billion deal for David Ellison’s Skydance Media to buy Paramount Global was gliding toward the finish line, Shari Redstone’s roller-coaster sale took another sharp turn. Seagram liquor company heir Edgar Bronfman Jr. this week persuaded Paramount’s independent board members to consider his rival bid for the Redstone family’s investment firm, National Amusements Inc., and a minority stake …
Two weeks after the sale talks collapsed between Paramount Global and Skydance Media, the company’s co-chief executives tried to rally employees for the future in a packed town hall meeting Tuesday morning. The company’s so-called “Office of the CEO,” comprising division heads George Cheeks, Chris McCarthy and Brian Robbins, addressed 500 employees on the Paramount Pictures studio lot in Los …
Movie executive Shari Redstone arrives for the world premiere of “Top Gun: Maverick” on May 4, 2022, aboard the USS Midway in San Diego. It was supposed to be a blockbuster Hollywood comeback: Shari Redstone, who had long struggled to prove herself, was determined to orchestrate a dramatic turnaround of her family’s lagging entertainment company, Paramount Global. “In 41 years …
Sumner Redstone, shown in 2005, was one of the most powerful men in entertainment and media. “My father led an extraordinary life that not only shaped entertainment as we know it today, but created an incredible family legacy,” Shari Redstone said Wednesday in a statement. During the first decade of Redstone’s tenure, Paramount won Academy Awards with “Forrest Gump” and …
