The soap opera at Paramount Global is almost over. A special committee of the company’s board of directors has blessed a merger with Skydance Media and the companies are expected to announce a deal within the next 24 hours. Barring some last minute surprise, Shari Redstone is about to cede control of her family’s media empire to David Ellison. (As anyone who has been following this will know, a surprise is not out of the question.) Chris Palmeri and I broke news of the approval this afternoon. https://lnkd.in/gyA2mDRP
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The deadline to invest in Second Act Theatrical Capital is TONIGHT, April 29th, at 11:59 PM ET. Broadway grosses over $1.5 BILLION/YEAR. We are making it open to EVERYONE. Broadway investments usually start at $25k. We are lowering the barrier to entry to $500. This is your final chance to join us. Learn more: https://lnkd.in/eJpD4mju #BroadwayInvestment #BroadwayFinance #InvestInCulture
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SPAC Feed: SPAC announces 2023-2024 Spa Little Theater season – NEWS10 ABC - https://lnkd.in/etxSwEm9 SPAC announces 2023-2024 Spa Little Theater season NEWS10 ABC Source: SPAC announces 2023-2024 Spa Little Theater season – NEWS10 ABC #SPACs #SPACNews #SPAC #IPO #markets #news #capitalmarkets #trends #goingpublic
SPAC announces 2023-2024 Spa Little Theater season – NEWS10 ABC
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Alright, let's talk business. DEI initiatives in Broadway aren't just the 'nice to have' — they're the 'need to have' for a profitable future. Here's the deal: Diverse and inclusive teams on AND off stage aren't just for show; the data shows they result in higher profits and a longer life on the boards. By embracing diversity, we're not just checking a box; we're tapping into new markets, expanding our reach, and creating work that resonate with the world today. So, fellow Broadway producers, let's ditch the outdated playbook. DEI isn't just about the right thing to do; it's about securing a thriving, profitable future for our shows and our industry. Time to invest in diversity, equity, and inclusion — it's not just a trend; it's the future of Broadway. #DEIinArts #InvestInDiversity #DEI #Producers #BroadwayProducer #FilmProducer #Advice #CareerCoach
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As news spreads about the Paramount/Skydance merger deal, I offer this column with a few pressing questions, including: Can this deal -- if it works -- point to a shiny new future for a beleaguered media industry? READ: https://loom.ly/MpgJ_Yo
Paramount and Skydance are merging — here are 3 questions we have about the deal
npr.org
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PE giant Apollo making claim to paramount in $11B bid. Top takeaways: Competition: Apollo’s big bid for Paramount could shake up the entertainment industry. Asset Value: The bid suggests that Paramount’s studio lot is seen as very valuable, even more than the whole company’s market cap. Mergers: There’s another offer on the table from Skydance Media to merge with Paramount, which could change the industry landscape. https://lnkd.in/gANp8CnR
Shari Redstone prefers rival deal to $11bn Apollo bid for Paramount studio
ft.com
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We learned a few details about the deal being worked out between Shari Redstone and Skydance Media --Redstone's National Amusements will get more than $2 billion in cash --Paramount/Skydance merger will be all-stock and value Skydance at around $5 billion --Skydance will give substantial cash infusion to Paramount's balance sheet Redstone believes in Ellison's plan for the future of Paramount--investing in technology, cutting costs and and growing its studio business. But shareholders aren't so sure...what do you think?
Exclusive | Paramount-Skydance Deal Would Give Shari Redstone’s Firm Over $2 Billion in Cash
wsj.com
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Readers looking for an example of creative deal making need look no further than the alleged current state of talks between Paramount Global, National Amusements and Skydance Media. Jessica Toonkel's reporting on this deal-in-the-making (I am aware of no assurances the deal will close or dissolve beyond what I read. I do have a call option bet on Paramount Global at work a this time) alleges the deal, should it be agreed to by all parties, will first have Skydance Media acquire National Amusements in totality for an alleged $2 billion. What is significant is National Amusements is a private business owned by Shari Redstone. Redstone is also "the controlling shareholder and non executive chair" of Paramount Global. Subsequently, Toonkel writes, Paramount Global will acquire Sundance Media, in entirety for $5 billion. Sweet deal, would not readers agree? What might US SEC think about it? #mergersandacquisitions #paramountglobal #nationalamusements #skydancemedia https://lnkd.in/eFiwMq6k
Exclusive | Four Paramount Directors to Step Down as Company Discusses Skydance Merger
wsj.com
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Senior Director of Organic Growth @ Mistplay | Marketing and Growth Leader | Startup Advisor | Product Strategist | Daily Consumer Tech News Curator | Alum: Discord, Twitch, Microsoft, American Express
Shari Redstone has agreed to sell Hollywood group Paramount to independent film studio Skydance in a deal that ends her family’s involvement in the company founded by her grandfather in 1936. The merger, which values the new company at $28bn, marks the close of a tumultuous eight-month process in which Redstone held discussions with a range of potential suitors including private equity group Apollo Global Management, Inc. and Sony. It comes just weeks after Redstone blocked a deal with Skydance, which is run by billionaire David Ellison and is backed by US private equity groups including RedBird Capital Partners, at the eleventh hour. The deal is expected to close in the first half of 2025. The sale transfers the Paramount film studio, which produced classic cinema titles including The Godfather, Titanic, Chinatown and Raiders of the Lost Ark, from the Redstone family to Ellison’s company. David Ellison’s father is Oracle co-founder Larry Ellison, one of the world’s richest people. “Given the changes in the industry, we want to fortify Paramount for the future while ensuring that content remains king,” said Redstone. “Our hope is that the Skydance transaction will enable Paramount’s continued success in this rapidly changing environment.” Under the terms of the agreement, Skydance will invest about $8bn to take over Paramount. In the two-step transaction, Skydance will pay $2.4bn to buy out National Amusements, which holds nearly 80 per cent of the voting shares in Paramount. Skydance will then merge with Paramount. Common shareholders in Paramount will receive $15 a share, while those holding A shares will receive $23 a share. #paramount #skydance #streaming #media #news #entertainment https://lnkd.in/gAyFe9iz
Paramount agrees Skydance merger in end to Redstone era
ft.com
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Early Stage Investor/ @Nufund.com/San Diego Angel Conference/Advisor @The Brink SBDC at USD/Co-creator of Angel investor ACADEMY
Origins of Angel Investing: Did you know that the term "angel" to describe investors in Broadway productions came into common use around the 1920s? This was a period when Broadway was flourishing and the need for private investment in theatrical productions was increasing. The 1920s, known as the Roaring Twenties, were a time of significant economic growth and cultural development in the United States, and this included a boom in the theater industry. During this era, Broadway shows became more extravagant and costly to produce, leading to a greater reliance on wealthy patrons or "angels" to finance these productions. The term gained widespread usage in the Broadway community as a way to refer to these crucial financial backers. #AngelInvesting #BroadwayHistory #RoaringTwenties
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📢 Exciting news from Hollywood! Paramount is set to merge with Skydance in a monumental $28bn deal. This strategic move is poised to reshape the entertainment industry. Read more about it in The Guardian article linked below, and let's discuss the potential implications of this mega-merger. #Paramount #Skydance #EntertainmentIndustry --- 📢 Hey everyone, check out this game-changing news from Hollywood! Paramount and Skydance are joining forces in a massive $28bn merger. The implications for the entertainment industry are huge. Dive into the details in The Guardian article below and let's chat about what this means for the future of entertainment. #Paramount #Skydance #EntertainmentIndustry [Link to The Guardian article] https://ift.tt/yVpiOZq
📢 Exciting news from Hollywood! Paramount is set to merge with Skydance in a monumental $28bn deal. This strategic move is poised to reshape the entertainment industry. Read more about it in The Guardian article linked below, and let's discuss the potential implications of this mega-merger. #Paramount #Skydance #EntertainmentIndustry --- 📢 Hey everyone, check out this game-changing news ...
theguardian.com
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1wIt would be funny if it would be pulled back again, just for having a laugh. Three times is a charm after all.