Skydance (original) (raw)

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LOS ANGELES, CALIFORNIA - JULY 23: Transformer statues are seen at the "Transformers One" Special Fan Screening at Paramount Pictures Studios on July 23, 2024, in Los Angeles, California. (Photo by Phillip Faraone/Getty Images for Paramount Pictures)

The Fubo chairman upped his bid to $6 billion, and the "go-shop" window has been extended by 15 days as they weigh his offer against David Ellison's.

Steven Bronfman Jr. at The Beverly Hilton Hotel on April 28, 2019 in Beverly Hills, California.

Perhaps not for Shari Redstone, but for the Average Joe shareholder.

Pablo Schreiber as Master Chief in 'Halo' episode 8, Season 2, Streaming on Paramount+

A merger with Skydance will bring major changes, but far from the scale of industry consolidation that would've come from the alternative.

MISSION: IMPOSSIBLE - FALLOUT, Tom Cruise, 2018. ph: David James /© Paramount /Courtesy Everett Collection

We have so many questions, including: What will David Ellison be like as CEO? And: What does $2 billion in cost-cutting look like?

LAS VEGAS, NV - APRIL 25:  CEO of Skydance Media David Ellison speaks onstage during the 2018 Will Rogers “Pioneer of the Year” Dinner Honoring Tom Cruise at Caesars Palace during CinemaCon, the official convention of the National Association of Theatre Owners, on April 25, 2018 in Las Vegas, Nevada.  (Photo by Alberto E. Rodriguez/Getty Images for CinemaCon)

Nepo-Baby or Hollywood Savior?

Ellison has been in the entertainment industry for less than two decades, but his mogul moment may be approaching.

David Ellison and his Skydance logo. The Paramount logo and Paramount controller shareholder Shari Redstone

David Ellison is the new chairman and CEO, and former NBCUniversal chief Jeff Shell is president as part of the $8 billion deal.

HOLLYWOOD, CA - JULY 14: General view of the Paramount Pictures film studio lot amid the historic joint WGA & SAG-AFTRA writers and actors strike on July 14, 2023 in Hollywood, California. (Photo by AaronP/Bauer-Griffin/GC Images)

Shari Redstone has reached a preliminary agreement for David Ellison to buy National Amusements, a shocker after talks collapsed last month.

Shari Redstone (Photo by Aurora Rose/Variety/Penske Media via Getty Images)

Shari Redstone walked away with two minutes on the clock, according to one report. The expletives then flew.

MISSION: IMPOSSIBLE - ROGUE NATION, from back: Rebecca Ferguson, Tom Cruise, 2015. ph: David James/©Paramount Pictures/courtesy Everett Collection

Harder, Better, Faster, Stronger

Shareholders must now hang their hats on the plan outlined by the three-headed Office of the CEO — or whomever finally buys National Amusements.

Shari Redstone

Shari Redstone just shut down what looked like a done deal.

Paula Malcomson as Anna Fletcher in episode 2, season 3 of Mayor of Kingstown streaming on Paramount+ Photo Credit: Dennis P. Mong Jr./Paramount +

Three Paramount Global CEOs lay out their three-part plan to save the company, Skydance or no Skydance.

Shari Redstone and Tom Cruise at the premiere of 'Mission: Impossible - Dead Reckoning Part One' held at Rose Theater, at Jazz at Lincoln Center's Frederick P. Rose Hall on July 10, 2023 in New York, New York. (Photo by Lexie Moreland/Variety via Getty Images)

The deal is not yet finalized, but David Ellison appears to have fended off Sony.

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