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Value Subtracted@startrek.websiteM to Quark's@startrek.websiteEnglish · 4 months ago

Skydance Closes $8 Billion Paramount Acquisition: ‘Today Marks Day One of a New Paramount,’ David Ellison Says

variety.com

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Skydance Closes $8 Billion Paramount Acquisition: ‘Today Marks Day One of a New Paramount,’ David Ellison Says

variety.com

Value Subtracted@startrek.websiteM to Quark's@startrek.websiteEnglish · 4 months ago
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David Ellison’s Skydance Media has closed its $8 billion merger with Paramount Global to create new company Paramount Skydance Corp.
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  • Value Subtracted@startrek.websiteOPM
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    4 months ago

    Why not turn this into a place to collect articles about the various news stories coming out of this transition?

    David Ellison, Jeff Shell & Paramount Team Queried On Trump, Tech, Layoffs, Cable, Late Night & More At Debut Press Conference

    New Paramount Execs Address CBS News Independence; Ombudsman Will Be “A Transparency Vehicle, Not An Oversight Vehicle”

    CBS Boss George Cheeks On The Decision To Cancel ‘The Late Show With Stephen Colbert’

    • Value Subtracted@startrek.websiteOPM
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      4 months ago

      Ryan Reynolds, Taylor Sheridan and John Krasinski Among Hitmakers Paramount Skydance Needs to Keep Happy

      The Star Trek situation is touched on in the final paragraph:

      Then there is Alex Kurtzman and Secret Hideout, which is in charge of the “Star Trek” TV franchise. While the company has produced a number of new “Trek” shows over the last decade, there are currently two — “Star Trek: Strange New Worlds” and “Star Trek: Starfleet Academy.” “Strange New Worlds” is currently airing its third season and has already been renewed through its fifth and final season. “Starfleet Academy” is expected to premiere in 2026 and has been renewed for Season 2.

      Interestingly, there’s no mention of the fact that the Secret Hideout contract should be expiring in 2026, and therefore needs to be renegotiated (or not)…pretty much immediately.

  • hallettj@leminal.space
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    4 months ago

    We really need to bring back enforcement of anti-trust laws

  • WatDabney@lemmy.dbzer0.com
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    4 months ago

    $10 billion including Trump’s $2 billion bribe.

    • Value Subtracted@startrek.websiteOPM
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      4 months ago

      Curious about where the $2 billion figure is coming from?

      • WatDabney@lemmy.dbzer0.com
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        4 months ago

        On investigation, out of my faulty memory.

        I have no idea where that figure came from, but it was the one lodged in my brain for the “settlement”/bribe that Paramount paid Trump.

        Ah well…

        • Value Subtracted@startrek.websiteOPM
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          4 months ago

          Fair enough - none of this should diminish the fact that the $16 million “legal settlement” from the former owners of the company was pretty definitely a bribe.

          And Skydance is alleged to have promised the government free advertising in the form of “PSAs,” which I don’t think they’ve confirmed or denied.

      • StillPaisleyCat@startrek.website
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        4 months ago

        Efficiencies and synergies according to the messaging but it could mean AI given references to harnessing Silicon Valley is the $ 2 billion reference in the article.

        $16 million is given as the out of court settlement for the 60 minutes suit.

        • Value Subtracted@startrek.websiteOPM
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          4 months ago

          There’s definitely an AI focus, as Ellison expanded on in his introductory letter:

          He touched on a “thoughtful” use of AI integrated across businesses, on supercharging streaming, spending on premium, exclusive content, focusing on sports and investing in media networks “appropriately based on the future business opportunity.”

          “Technology is not—and never will be—a replacement for human creativity; rather, it serves as a powerful multiplier. From virtual production stages that unleash filmmakers’ limitless imaginations, to AI‑assisted localization that brings shows to new language markets overnight, to a proprietary ad‑tech stack that maximizes yield across streaming and linear platforms, we will thoughtfully integrate these tools into every aspect of our work,” Ellison wrote.

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