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. 

DStv Channel Changes From 01 January 2023 To 31 March 2024

2023 had proven to be the least productive year in terms of channel additions as opposed to terminations as MultiChoice continues to review their slate of content and explore other means of keeping viewers entertained.

DStv Access experienced the most wins during this period in terms of expansions as the pay-tv company allocated channels such as E! Entertainment, Trace Urban, WildEarth, ESPN 1 SuperSport La Liga, SuperSport Schools and Ignition TV.

They continued their winning streak with new additions Play Room and Zee Zonke.

DStv Easyview didn't get that much limelight as seen in the previous financial period with Magic Showcase and BBC UKTV. However, they were very much present in the new channel circuit with the now defunct brands, NWTV and One Freestate Televisual. 

Consumers leaning toward the Family and Compact Plus tile had recieved the least amount of attention in the current financial period:

• DStv Family only got BBC Lifestyle after being made exclusive to Compact.

• DStv Compact+ welcomed a new channel Qwest TV from multi award-winning artist Quincy Jones.

DStv Compact consumers were the most "fortunate" amongst top to mid tier households. Although no new channels were reported, MultiChoice had extended the reach BBC UKTV which now serves 12 million households in Africa alongside ESPN 2.

Premium households continue to inherit nothing as the market for this audience declines with the last additions dating back to September 2020 with a full-time fliekNET channel and more sports channels. 

Terminations from this period range from channels like Maisha Magic Movies, HONEY, Da Vinci Kids, Deutsche Welle (DW), Emmanuel TV, B4U Movies, People's Weather, NWTV, One Freestate Televisual, Ginx eSports TV, 1Magic and Me:

• DStv Easyview would have lost 4 channels which is the most channels for any package: People's Weather, NWTV, One Freestate Televisual and Emmanuel TV. 

• DStv Access would have come in second with 3 channels: HONEY, Deutsche Welle (DW) and Da Vinci Kids. 

• DStv Compact would come in third with two channels: Ginx eSports TV and Maisha Magic Movies. 

• Other packages would have lost only one channel: 1Magic, Me and B4U Movies. 

Below we present a roundup of 2023 with various developments that took place and beside it the package.

Expansions

ESPN 1 - Compact to Access

WildEarth - Family to Access

Trace Urban - Family to Access

E! Entertainment - Compact to Access

Ignition - Family to Access

BBC UKTV - Easyview to Compact

ESPN 2 - Compact+ to Compact

BBC Lifestyle - Compact to Family

SuperSport Schools - DStv Stream to Decoder (excluding Easyview)

SuperSport La Liga - Family to Access

New channels

Qwest TV - Compact+

Zee Zonke - Access

* One Freestate Televisual - Easyview

Play Room - Access

* NWTV - Easyview

* means channel closed 

Termination

HONEY - Access

Maisha Magic Movies - Compact

Da Vinci Kids - Access

Emmanuel TV - Easyview

1Magic - Compact+

Me - Family

One Freestate Televisual - Easyview

B4U Movies - AddMovies

People's Weather - Easyview 

NWTV - Easyview

Deutsche Welle (DW) - Portuguese

Ginx eSports TV - Compact 

New Series Alert: A Lot Can Happen Over Coffee, A Telegu Based Series Debuts On Zee One This Month

Last month, it was reported that Star Life will be rolling out two new shows in the coming weeks, Beyond Life and Evil Affairs. Now Zee One is also looking to debut show in the month with a new Telegu drama, A Lot Can Happen Over Coffee (Rajeswari Vilas Coffee Club).

A Lot Can Happen Over Coffee depicts the story of Rajeshwari, a compassionate cook aspiring to keep her mother’s hotel thriving, challenges Rudra, an elite chef when he decides to usurp her hotel to grow his premium food business.

It starred Likitha as Rajeshwari, Rudra Nelakanta as Akarsh, Vishwamohan as Viswanatham, Sheelasingh as Kamakshi and Prasad as Subbarao. 

Produced by Indian broadcaster Zee Telegu, A Lot Can Happen Over Coffee debuted sometime in 2022 with 398 episodes having being filmed so far. It serves as an ongoing drama at the moment as seen with other Zee TV series like Twist Of Fate and Radha Mohan.

A Lot Can Happen Over Coffee will replace My New Mother In Law on Zee One from 7 April. Prior to this, the pay-tv version of the channel Zee World will rollout a new female led drama Sister Wives not to be mistaken with the reality show from TLC. 

News Shorts: Alice's Wonderland Bakery Cancelled On Disney Junior After Two Seasons And The Iron Heart To Rollout On Novela E Plus Alongside A Rebroadcast Of Betty In New York On Telemundo

Disney axes another program 

Back in 2022, Disney announced a brand new animated series for preschoolers and their families called “Alice’s Wonderland Bakery” that was inspired by the beloved world of “Alice in Wonderland.” The series debuted in 2022, with a second season renewal coming shortly after its premiere.

Centred on Alice, the great-granddaughter of the original heroine and a budding young baker at the enchanted Wonderland Bakery, each episode features two 11-minute stories about Alice’s recipe adventures with her best pals—Fergie, a white rabbit; Hattie, her madcap friend; and Rosa, the Princess of Hearts.

Disney has announced via the Disney Junior Instagram account, that the series finale of “Alice’s Wonderland Bakery” is going to air on the Disney Junior channel in the United States on April 15th 2024, indicating that the show is now coming to an end.

The Iron Heart debuts on Novela E Plus

Apollo Adelantar is an undercover agent who goes on a dangerous mission to bring down a crime ring name Altare unaware of his trusted friend when his two of his trusted allies becomes a enemy. Fueled by a bitter and painful past, Apollo and his allies face grueling tasks that will challenge his resolve and strength.

It starred Richard Gutierrez as Apollo "Pol" Adelantar, Kyle Echarri as young Apollo, Albert Martinez as Engr. Priam dela Torre, Dimples Romana as Selene Larisa and Sue Ramirez as Venus Z. Magbanua.

The series will air daily on Novela E Plus at 18:50 from 6 April.

Telemundo loads up on repeats

Based on the 1999 Colombian telenovela Yo Soy Betty La Fea, the romantic comedy Betty In New York followed Beatriz Aurora Rincon Lozano as she embarks on a new journey in New York when she takes on a job as a secretary at V&M Fashion.

The series will air daily on Telemundo at 18:00 from 13 April.