Paramount Global Might Be Acquired By Skydance As Merger Talks Are Reportedly Underway

Over the last 24 hours, news has been flying that Paramount is getting closer to a deal to be sold to or merge with Skydance. This comes as, for months now, Paramount has been in talks with multiple companies for a potential sale or merger. This includes talks with Warner Bros. Discovery, Apollo Global Management, and others. Some of these talks have gone well others like Warner Bros. Discovery have walked away from a possible merger with Paramount.

Now Bloomberg is reporting that a tentative deal has been reached between Paramount and Skydance for a deal that would see the companies merge and Skydance would take a stake in Paramount.

This comes after yesterday Variety reported that Paramount Global has turned down an offer to sell itself to Apollo Global Management for $27 billion. This offer was reportedly made over the weekend as a cash deal, but Shari Redstone, the majority owner of Paramount, declined to entertain the bid.

Exact details of the offer have not been disclosed but it is reported that the Redstone family who owns a majority of Paramount are perfering this Skydance deal over other offers.

This comes as The New York Times reportedly this week Paramount and Skydance Media are getting closer to a deal that would see the two companies merge. According to the report, Paramount and Skydance Media are working on a deal to give Skydance a 30-day window for exclusive talks as the two sides try to finalize a deal.

Exclusive windows like this are common in talks like this. Well, it does not guarantee that a deal will happen typically, windows like this happen when both sides think a deal is very possible.

Currently, Paramount Global is controlled by media executive Shari Redstone. Redstone also controls National Amusements, which owns 77% of Paramount’s voting shares. Reportedly, the Redstone family is also looking to sell their 77% ownership of Paramount. With that ownership, the Redstone family needs to be on board with any deal, and it has been reported that they are more interested in a deal like this than other deals, like the offer from Appollo Global Management to buy just the studios.

Any merger seems to need to be for the full Paramount company to include its cable TV networks, which include Nickelodeon, Comedy Central, MTV, and multiple movie theaters.

Talks between Paramount and Skydance have reportedly been happening since November 2023.

The news comes as the entertainment industry faces difficult times with cable TV viewership is declining and a majority of streamers struggling to achieve profitability. Paramount’s streaming service, Paramount+, is among the companies fighting to stay afloat.

May 2024 On Via | New Series Alert: Klanke Van My Hart | Returning Shows Including Klankbank And Sterkbek | More

My plek of joune?

Season 11

2 May – 25 July 2024

Thursdays 17:30

23 minutes x 13 episodes

Genre: Home and garden

Two people who live under the same roof and are caught in a style dispute over a room in their home, are given the opportunity to broker peace at last. A coin toss determines which one of them will have the chance to makeover the problematic room (in the space of one day) with the help of interior decorator Isabel Barends and handyman Melt van der Spuy.

Klankbank

Season 4

3 May – 26 July 2024

Fridays 20:00

23 minutes x 13 episodes

Genre: Music / Game show

In each episode of this game show, three contestants go head-to-head to test their knowledge of popular music. How much money can they collectively bank for the ultimate winner to take home in the end? Hosted by Arno Greeff.

Klanke van my hart

Season 1

3 May – 26 July 2024

Fridays 20:30

46 minutes x 13 episodes

Genre: Music / Docuseries

Klanke van my hart is a show that connects people through music, featuring the new voices in our vibrant Afrikaans music scene – from indie rock to hip-hop, from sokkie to jazz, from rieldans to rap, ghoema to gospel, this music show has got you covered. In each episode, three artist from vastly genres come together to share their love for their artform and to make some music.

Slim vang sy baas

Season 10

10 May – 2 August 2024

Fridays 17:00

46 minutes x 13 episodes

Genre: Game show

In each episode of this fun-filled game show, two teams go head-to-head and battle it out through a series of rounds that will put their general knowledge to the ultimate test. Hosted by Beer Adriaanse.

Kom ons braai: celebs

Season 3

11 May – 3 August 2024

Saturdays 20:00

46 minutes x 13 episodes

Genre: Food / Competition

Two households braai against one another for points and prizes. Each household has a chance to throw a braai party at their own home and the duos score one another efforts in terms of braai technique, taste and entertainment. But they won’t be scoring each other alone: They are joined by two local celebrities who also score their braai efforts.

Huisgenoot: Ware Lewensdramas

Season 13

13 May – 5 August 2024

Mondays 20:30

46 minutes x 13 episodes

Genre: True crime / Docuseries

VIA and Huisgenoot magazine’s popular true-crime series returns. Each week focuses on the story behind the high-profile stories that shock South Africans and grabbed headlines – from brutal murders to nefarious scams.

Sterkbek

Season 2

14 May – 6 August 2024

Tuesdays 20:00

23 minutes x 13 episodes

Genre: Food / Talk show

In each episode, Nic Mac – AKA The Godly Giemba – invites a local celebrity to join him in tasting the hottest, spiciest food in the Western Cape. They visit a cheap and cheerful eatery where they taste a few increasingly spicy dishes that have been lathered in hot sauce. With each dish, the questions for the celeb get more personal and prying. Will they be able to take the heat?

Tietie en Nanna

Season 1

16 May – 8 August 2024

Thursdays 17:00

23 minutes x 13 episodes

Genre: Cooking show

In each episode of this cooking show, the sisters Tietie and Nanna will cook two dishes in their own kitchen. They will either just cook what inspires them on that day or for a special guest or family member. Woven through the cook will be stories of their lives, loves and hardships. Come share in their love of halaal cooking.

FilmBox Vs. M-Net Movies: Who Is Likely To Survive Canal+ Acquisition Of MultiChoice?

During the year, Canal+ expressed interest in acquiring pay-tv giant MultiChoice after gaining small stakes in the company and working closely on several shows. They're currently in talks with Patrice MotsepeIs in an attempt to increase their bid in MultiChoice. 

If Canal+ had succeeded in their first attempt at acquiring MultiChoice they'd have to grow through legal procedures who could have prevented this from moving forward. Now that talks of an SA player enters the equation they're likely to succeed. 

Canal seeks to merge their assets with MultiChoice making their portfolio accessible to over 50 million subscribers in Africa. Since talks of a possible takeover has taken place there's been various questions as to how this may affect the current offering. 

Canal+ owns various properties in Europe and one of which SPI International has garnered an international presence. This consists of various FilmBox entertainment channels alongside Gametoon, FashionBox, FightBox and DocuBox. 

As some readers are aware, these channels particularly FilmBox are already viewable in Africa and were basically a rival offering to M-Net Movies. Should the acquisition move forward these brands are likely to get merged if not restructured.

It's not only the content that bares various similarities but also the formatting of these brands. M-Net Movies 2 is basically FilmBox Action while M-Net Movies 3 and 4 have FilmBox Africa, FilmBox Family and FilmBox Stars.

Ideally, M-Net Movies could fold under the FilmBox trademark considering its presence in Europe but there's also chances that they may have a future. M-Net Movies 3 & 4 alongside various DStv channels are seen on Canal+ platforms in Africa.

If M-Net Movies wasn't that much of a priority they could have opted for FilmBox. It's likely that FilmBox could be phased out in favor of M-Net Movies but questions amount to whether Starsat and various other platforms would/are willing to include them.

MultiChoice is StarTimes biggest rival as it offers a diverse lineup of local content and premium sports. Of course, the mere thought of M-Net Movies possibly being added to these consumers would lure exiting DStv consumers to StarTimes for its affordable rates.

In Nederlands, Film1's offering compensate for FilmBox films movie channels with the main channel being what's left of the trademark.

Apollo Global Offered $27 Billion For All Of Paramount Global But The Bid Was Rejected

Private-equity giant Apollo Global Management made a $27 billion offer to acquire all of Paramount Global this week, sources familiar with the bid told the media. However, the special committee set up by the Paramount Global board of directors to consider M&A options declined to engage with the bid.

Apollo submitted an all-cash bid on Sunday, March 31, to acquire Paramount Global in a deal worth more than $27 billion of total enterprise value, encompassing equity and debt, according to people familiar with the situation. That came after Apollo had offered $11 billion to buy Paramount Pictures alone, a bid that was also rebuffed by Paramount’s committee. Shari Redstone is Paramount’s controlling shareholder and president of National Amusements Inc., its parent company. But given the potential conflict of interest, Redstone is not a member of the board’s special committee.

NAI, Paramount Global and Apollo have declined to comment on the M&A talks.

Word of Apollo Global’s new bid for Paramount Global comes as Redstone entered into an exclusive negotiating period with David Ellison’s Skydance Media to sell her stake in National Amusements Inc. (and thereby pave the way for Skydance to merge with Paramount Global). NAI holds 77% of the voting shares in Paramount Global.

Redstone’s preference is for Paramount Global be sold as a whole, not in pieces. It’s not clear why the media company’s special committee would have not considered Apollo’s $27 billion bid for the entire company.

It was reported Tuesday that Redstone and Skydance were close to establishing 30-day window for exclusive deal talks after months of discussions. NAI and Skydance have now entered into a provisional agreement covering such exclusive negotiations, likely with a basic outline of potential deal terms, according to sources.

Paramount Global’s market cap stood at $9.26 billion after the market closed Wednesday. The stock shot up 15% in the final hour of trading Wednesday amid a cascade of media reports that Redstone, National Amusements Inc. and Skydance are moving closer to a deal. Shares closed at $13.52.

Paramount Global’s assets include Paramount Pictures; the CBS network and owned local stations; cable networks including Comedy Central, BET, MTV and Nickelodeon; and the direct-to-streaming business housing Paramount+ and Pluto TV.

Development Alert: Parliament TV Channel On DStv Might Be Getting The HD Treatment

Parliament TV had been operating on MultiChoice's DStv providing coverage of important parliamentary proceedings and other festivities. This serves as a underscoring and their commitment to supporting parliamentary transparency.

As seen later in the week, MultiChoice had closed 1Magic and Me as further content had been folded under 1Max. Applicable to consumers in South Africa, it serves as a promotional channel for Showmax with a mixture of local and international content.

With channel 115 vacated, MultiChoice had removed the HD feed from Me and replaced it with Parliament TV. Taking to account the current feed is only SD its likely that they're looking to align them with eNCA and SABC News whose feeds have been HD.

Other channels that have since then been going through similar tests and awaiting an upgrade include Disney Channel (since 2023) and TBN (since 2022).

In other developments, MultiChoice had sent notifications to consumers over the closure of WildEarth. After multiple failed attempts by the channel to secure payment for their carriage on DStv had opted to take their channel off air by the end of April.