Entertainment company Paramount Globalproducer of such films as “Titanic” or the channel owner CBS or MTVwill be acquired Skydance Media, a competing studio with feature films such as “Top Gun: Maverick” or ‘Star Trek: Into Darkness’ by means of an operation costing more than 8 billion dollars (EUR 7.386 million).
According to a statement released by the firm, Paramount Class A Shareholders Will Receive $23 (21.24 euros) in cash or securities, and Class B will receive $15 (13.85 euros).
WATCH: Skydance Media and Paramount Global have agreed to merge, the companies announced, opening a new chapter for one of Hollywood’s oldest studios https://t.co/6apboomH6y pic.twitter.com/EYWI4oWfbP
— Reuters Business (@ReutersBiz) July 8, 2024
Total amount in cash there will be a limit on the purchase of shares 4.5 billion dollars (4.155 million euros), while the global agreement by itself is estimated at approximately 8 billion dollars.
This figure includes $4.2 billion investment in Paramount (EUR 3.878 million) by the group formed by Allison familywho presides heavenly dance, And Redbird Capital. In addition, $1.500 million (€1.385 million) will be allocated for Primary obligations.
Thus, heavenly dance will have access to Paramount Studios Assetsat work Paramount+ Streaming and channels such as Nickelodeon, MTV and Comedy Central.
“Given the changes in the industry, We want to strengthen Paramount for the future. while ensuring that content remains a priority,” said Paramount Global non-executive president, Shari Redstone.
(according to information from Europe Press)
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
