Goodbye Warner, hello Skydance: how will the major merger really impact Hollywood?
After a windier road than expected, Paramount and Warner are now one, under the banner of Skydance, and the film industry is set for a shake-up. Source: The Guardian
Sky’s $2.1B ITV Mega-Deal: U.K. Government Eyes Intervention
Culture secretary Lisa Nandy cites “public interest considerations.” Source: Sky’s $2.1B ITV Mega-Deal: U.K. Government Eyes Intervention
Cleared for Take Off: Paramount’s $111 Billion Warner Bros. Buy Greenlit By Judge
A federal judge has signed off on a settlement allowing Paramount to close its $111 billion megadeal for Warner Bros. Discovery, ending a monthslong deadlock between the studio and states challenging the acquisition. Source: THR
Alibaba to sell Lingxi Games in more than $2 billion deal
Trustar said late on Monday it had reached a transaction agreement with Alibaba to acquire the tech giant’s entire stake in Lingxi. Source: Yahoo Finance
Paramount offers cinema chains written pledge for 30 annual movie releases
Paramount Skydance has offered major cinema operators contracts guaranteeing 30 theatrical movie releases annually if it completes its $110 billion acquisition of Warner Bros. Discovery. Source: Investing.com