Hints and tips:
Related Special Reports
...In today’s newsletter: Shari Redstone preps Paramount-Skydance merger Exor wins big on litigation in the US Private equity’s boycott challenge in Asia Shari Redstone prepares a new Paramount-Skydance...
...Is this just New York finance people who want to have their pictures taken standing next to movie stars? James Fontanella-KhanSo that’s a good point. No....
...Cash is king, unless there is a queen in the picture....
...An offer by Apollo and Sony Pictures has not been presented to the board of Paramount. Earlier this month, Paramount entered exclusive negotiations with Skydance....
...The Japanese group behind the rival Sony Pictures studio would be the majority investor in the deal and have control, while Apollo would be a minority equity investor, according to two people briefed on...
...“If he gets . . . to run Paramount creatively, it could be a huge boon for this business in these ailing times.”...
...While both struggle under heavy debt loads, Paramount is the more desperate. It has interesting assets, such as the Paramount film studio and sports rights on its CBS network....
...Redstone’s father used his tax law training to concoct complex transactions including acquisitions of Viacom, Paramount Pictures and CBS....
...Sony and private equity group Apollo have told Paramount Global they intend to make a $26bn cash offer for the entertainment company....
...Then there is the question of what to do with Paramount+, which is still not profitable. In this regard, Paramount has company....
...Paramount’s shares have risen almost 40 per cent since early November as sale speculation mounted....
...Paramount is expected to net the more than $650mn in TV ad revenues, according to Dentsu....
...Clips courtesy of Paramount Pictures. Read a transcript of this episode on FT.com...
...China has sought to present a more welcoming picture to international business in recent months after foreign direct investment fell last year to its lowest level in decades....
...But, he added that the overall picture of business being hurt by the new cross-border compliance and trade red tape was not surprising....
...(translation errors all our own) The big picture impact of classifying CDB as a commercial creditor Beyond Sri Lanka, China has in recent years made it very clear that CDB should be classified as commercial...
...But step back far enough, “and a picture will emerge”....
...And another thing to start: US private equity group Apollo Global is in discussions with Sony Pictures Entertainment about making a joint takeover bid for Paramount Global that would rival ongoing talks...
...Analysts have also warned over high debts and tough trading conditions at Paramount. Cohen said they had looked before at studio businesses but the prices being asked were too high....
...Apple financed the movie and handled marketing and publicity, while Paramount managed its distribution....
...Recall last year that it took nine months for the EU and the UK to agree on a mutual fix to the EU-UK Trade and Cooperation Agreement that avoided 10 per cent tariffs being imposed on the export of electric...
...But just this morning Isabelle sent me a joyful picture of her class at the Eden Project in Cornwall — their first school trip since 2020 — made possible by Rishi Sunak’s decision to row back on rules that...
...Brussels is used to watching fierce debates within the UK about how to change the relationship — which was set in the zero-tariff, zero-quota Trade and Cooperation Agreement....
...President Joe Biden and Xi are set to meet at the Asia-Pacific Economic Cooperation (Apec) forum in San Francisco next week — only their second meeting as leaders....
International Edition