Paramount, Skydance
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Trump, Paramount
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South Park,” Jon Stewart and Stephen Colbert have all been critical of their own company and President Trump this week.
After an intense, scandal-plagued acquisition, here's what David Ellison gets in Skydance's acquisition of Paramount Global.
The FCC's approval, which was necessary for the deal to move forward, caps a long-running corporate saga over the fate of Paramount, which owns Paramount+, the Paramount Pictures movie and television studios, the CBS television network and CBS News and Stations. Paramount also owns Nickelodeon, BET, MTV, Comedy Central and other media brands.
South Park” creators Trey Parker and Matt Stone hit the Comic-Con stage on Thursday night, a day after the Season 27 premiere of their smash Comedy Central series, “Sermon on the ‘Mount,” made waves for taking on both Donald Trump and “South Park’s” Paramount corporate parents.
Upon the deal’s closing, Skydance and its financial partners are set inject $1.5 billion in cash into Paramount. However, that’s intended to go toward reducing Paramount’s long-term debt ($14.16 billion as of Q1 of 2025) to help stabilize its balance sheet.
Paramount’s cable business has cratered. The news division is in turmoil. A.I. is coming for movies. And those are just the obvious challenges facing David Ellison as he takes control.
More than six decades after Jack Kirby and Stan Lee created a superhero team to rival the Justice League, the Fantastic Four finally get a worthy big-screen adaption in a spiffy ’60s-era romp, bathed in retrofuturism and bygone American optimism. The first try was a Roger Corman-produced, low-budget 1994 film that was never even released.
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Plus, Hulk Hogan, the pro wrestler who brought the sport to new heights of mainstream popularity, died at the age of 71.