Byron Allen Looking To Make MTV, Nickelodeon And Comedy Central "Cost Efficient", How Does This Impact Paramount Global's Linear Channels?
Last year, Warner Bros. Discovery and Paramount Global were reportedly in talks for a potential merger . Fast forward to the present, Shari Redstone is looking to sell her shares at Amusement Park with Skydance that has collaborated with the company on various films making their bid with Byron Allen topping them. As reported sometime ago, Allen Media Group made a proposal to acquire Paramount Global for $30 billion (R562 billion) part of which helps them cover up pending debts. Should this deal move forward, they would keep TV channels and the Paramount+ streaming service intact while selling off film studios and other intellectual properties. The impact on TV channels in the United States Byron Allen, the founder of Allen Media Group is looking to make these brands cost effective. Selling off "film studios and other intellectual properties" is another way to minimise expenses. It's not really known whether Allen will look to retaining various content from Ni