In accordance with Deadline, Skydance Media and its backers have reached a deal to take a position an astounding $8 billion {dollars} in a takeover of Paramount International–a deal stated to place “gold-plated media belongings together with CBS, Nickelodeon and Paramount Pictures in new arms for the primary time because the Eighties.”
After the corporate acquired approval this previous Sunday from Paramount’s board of administrators, the complete committee agreed on a plan to first purchase Nationwide Amusements Inc.–the movie show holding firm owned by Shari Redstone, a girl whose household controls practically 80% of Paramount’s voting shares, together with, however certainly not restricted to, CBS, Comedy Central, BET, Showtime, Nickelodeon and MTV–earlier than unfolding a full merger with Skydance subsequent 12 months.
Skydance CEO David Ellison will now be “chairman and CEO” of the brand new Paramount-Skydance hybrid (ParaDance? Dancin’ Mount?), whereas former NBCUniversal chief, Jeff Shell, will function president. Variety additional reviews that, as is seemingly inevitable in any information a couple of multi-billion greenback deal, Skydance will start looking for a return on its cash with an eye-watering $2 billion in cuts already recognized by Ellison and Shell.
Now as readers of this web site, I do know the query you’re all asking: What does this imply for the future of Star Trek, precisely? Underneath the earlier regime, the beloved franchise has seen a resurgence in recent times–what with Picard, Unusual New Worlds, Prodigy, Decrease Decks and Discovery–however will Ellison and firm share the identical enthusiasm for the property? This after all, stays, to be seen, however the studio did co-produce the final two theatrical options, so maybe Terry Matalas will lastly get one other assembly about his dream Star Trek series, Legacy, after he’s carried out with all those other projects. The corporate did produce seven seasons of Grace & Frankie, in any case…
Need extra io9 information? Take a look at when to count on the most recent Marvel, Star Wars, and Star Trek releases, what’s subsequent for the DC Universe on film and TV, and the whole lot it’s essential find out about the way forward for Doctor Who.
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