Liquor scion Edgar Bronfman Jr. is preparing to bid for Paramount Global less than a week before an $8 billion merger with Skydance Media becomes official, according to a report. Bronfman, the entertainment mogul and son of the late Seagram CEO Edgar Bronfman Sr., is engaged in talks with potential …
Read More »Paramount Global begins cutting 2K jobs ahead of Skydance merger
Paramount Global began a massive layoff on Tuesday that aims to hit 2,000 jobs as the struggling entertainment giant prepares to complete a merger with movie studio Skydance Media, the company said. Paramount’s three co-CEOs circulated a memo to staff indicating that the job cuts would be made in three …
Read More »Exclusive | Shari Redstone’s estranged granddaughter will make $140m from Paramount sale – a final gift from grandpa Sumner: sources
A powerful media family torn apart by jealousy and rivalry. A granddaughter rushes to the aging patriarch’s arm as he withers very publicly. Lies, betrayal and lawsuits. These aren’t the machinations of the fictional Roy family from “Succession,” but the dramas that have engulfed the very real Redstone clan, whose …
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