38 articles | last updated: Jun 12 22:42:29
Paramount's leadership trio refocuses on restructuring and debt reduction after deal collapse.
- Shari Redstone ended merger talks with Skydance over financial disagreements and shareholder concerns.
- Paramount's leadership, now a trio, plans to cut $500 million in costs and explore asset sales.
- The company aims to transform its streaming strategy and improve profitability.
- Potential new buyers for Paramount's controlling shares have emerged, including Edgar Bronfman Jr. and Steven Paul.
- Analysts question the long-term viability of Paramount's unconventional leadership structure.
People, Places and Things In This Story
- Skydance Media Entertainment company
- Paramount Global Entertainment company
- Shari Redstone President of National Amusements
- Steven Paul American filmmaker and actor
- Edgar Bronfman, Jr. Chairperson of Fubo
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