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...Paramount would then acquire Skydance for $5bn in a stock deal....
...OpenAI’s overtures to the studios come at a delicate moment in Hollywood....
...“That is a way to signal to the world that we’re a global arts non-profit, and we’re working with a global base of supporters.”...
...The Disney+ and Hulu streaming unit earned $47mn in its second fiscal quarter, compared with a $587mn loss a year earlier, while the total direct to consumer streaming business (which includes sports service...
...The Disney+ and Hulu streaming unit earned an operating profit of $47mn in the quarter to the end of March, compared with a $587mn loss a year earlier....
...“It was the first time I thought anyone in the film community could see me as a person other than ‘Francis’ wife,” she wrote. christopher.grimes@ft.com...
...Operating income totalled $2.6bn, up from $1.7bn a year ago. Netflix shares have risen 30 per cent this year, significantly outperforming the broader market....
...“We spend a lot to make a lot,” he said in a Zoom interview from New Zealand, where he is making the third Avatar movie....
...For Redstone, the fate of a business she views as her legacy will be on the line. anna.nicolaou@ft.com, jfk@ft.com, christopher.grimes@ft.com...
...“Each incremental member has a different business impact” with the new subscription plans, Greg Peters, co-chief executive, said in a call with investors....
...Bakish was paid a total of $31.5mn in 2023, according to a regulatory filing....
...After a 10-month trial, a predominately Black jury found Simpson not guilty of murder, a decision made after just four hours of deliberations....
...Under this plan, Paramount would then acquire Skydance for $5bn in a stock deal. A special committee of the Paramount board is evaluating the Skydance bid....
...Sony and Apollo Group have approached Paramount about their intent to make a $26bn cash offer for the entertainment company, just one day before an exclusivity window is set to expire for a competing bid...
...A return to hit-making form would be a boon to Bergman’s standing....
...Levin was a native of Philadelphia, and he studied to be a rabbi before pursuing a law degree....
...The annual In Memoriam segment led with a clip of Alexei Navalny, the Russian activist who died in a prison camp last month. A documentary about Navalny won an Oscar last year....
...Disney and the state of Florida have settled a lawsuit over the governance of the company’s Orlando theme parks spawned by last year’s takeover of the district’s board by Ron DeSantis, the state’s governor...
...Skydance and Shari Redstone’s holding company are offering a $3bn investment in Paramount in an effort to win support for a complex merger that has frustrated investors and led to the departure of the Hollywood...
...Apollo previously submitted a takeover bid of more than $26bn, which would have given shareholders a large cash premium to Paramount’s trading price, but it was rebuffed....
...In a statement, a spokesman for DeSantis said his administration was “glad that Disney has dropped its lawsuits”....
...Paramount is controlled by National Amusements, a family business that started out as a chain of New England cinemas in the 1930s....
...California has taken a first step to push down pharmaceutical prices in the US state, striking a deal with the maker of a drug that can reverse opioid overdoses to purchase the medicine at a large discount...
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