Overview

• The former Paramount Global chair will work with Sipur co-founders Emilio Schenker and Gideon Tadmor to expand the company’s international footprint.
• Redstone invested alongside Tadmor, Bank HaPoalim and Clal Insurance, with industry figure Nancy Tellem also among the backers.
• Sipur maintains corporate ties that include a deal with MGM and a first-look agreement with Amazon MGM Television.
• The Tel Aviv–based studio emphasizes owning global rights and financing cost-efficient projects to build long-term IP.
• This marks Redstone’s first major move since the $8 billion Paramount–Skydance merger, and the announcement follows a Film Workers for Palestine boycott pledge that drew thousands of Hollywood signatories, which Paramount publicly criticized.