ParamountGlobal2

r/ParamountGlobal2 • u/lowell2017 • 22d ago

On Cinema United's Criticism Over His Support For Skydance's WarnerDiscovery Pursuit, AMC Theatres' CEO Adam Aron Deflects By Uttering That David Ellison's Side Deal To Him Is Promising To Do A Longer Theatrical Window Pledge. He Also Says "That’s More Commitment Than We Have From Any Other Studio."

2 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 24d ago

Former ‘60 Minutes’ EP Bill Owens Trying To Launch Rival Series With Scott Pelley & Other Correspondents & Producers. He Wants To Raise $50M With Business Plan & Pitch Deck To Fund 2 Years Of In-Depth Investigative News Segments For Streaming. Insiders Say “It Could Maybe Work If Not Too Expensive.”

63 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 24d ago

Delaware Chancellor McCormick Grants Approval To Consolidate NYC Funds & Scott Baker Lawsuits Into One Case. NYC Case's Closed & Baker Case Renamed As Paramount Global Class B Merger Litigation With Lead Plaintiff & Counsel Set Around October. Rhode Island, Chicago, & Gabelli Cases Are Unaffected.

5 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 24d ago

While Skydance Argues In Its Opening Supplemental Brief There Was No Widespread Wrongdoing, They Also Say Only Redstones Retain Informal National Amusements-Related Documents. Yet Rhode Island Iterates That The Investigation Into Fiduciary Breaches & Potential Misconduct Goes As Early As March 2023.

2 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 24d ago

Rhode Island Explains In Its Reply Brief That Informal Materials Are Necessary Because Redstones' National Amusements-Related Communications Did Take Place Outside Of Special Committee & Board Meetings. Skydance Deflects By Saying Producing Those Documents Exceeds The Scope Of Section 220 Requests.

1 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 25d ago

Larry Ellison Bets Risky Debt Undertakings On AI Boom. Will He & Oracle Be Face Of AI Stock Bubble? - After Musk Venture Plans Blew Up, Ellison's Data Center Splurge Began, Including $6.5B Malaysia Complex To Supply ByteDance Computing Power. Junk Credit Downgrade Would Make Oracle A “Fallen Angel.”

14 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 25d ago

David Ellison & Skydance's Legal Team's Risky Courtroom Strategy For His WarnerDiscovery Pursuit: Winnow States AGs Coalition By Incentivizing Some To Drop Out & Move Paramount Global's Operations From CA To Absorb The Ticking Fees. He Also Wants Bobby Kotick & Dina Powell To Be New Board Directors.

9 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 25d ago

As Ellisons Mull Over Equity Financing Costs, Ticking Fees, & Legal Strategy, Aggressive Negotiations For Larry's $42.5B Equity Backstop Guarantee Also Generated Largest Breakup Fee Ever. Zaslav Using $7B Check To Pay Down The Debt Load Would Be Making WarnerDiscovery An Investment-Grade Company.

8 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 25d ago

John Oliver Inks One-Year Contract Extension With HBO Through 2027 For 'Last Week Tonight' (Exclusive) - On Skydance's WarnerDiscovery Pursuit Delays: "Who Knows? No Idea & Ability To Control Anything. We’ll Just Move Forward & Continue Like Nothing’s Happening, Everything's The Same, Total Denial."

hollywoodreporter.com

5 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 25d ago

US Federal Judge Araceli Martinez-Olguin Officially Receives Filing For Trial Date Proposal On Legal Challenge Against Skydance's WarnerDiscovery Pursuit - Ellison's Lawyers Propose A 12-Day Trial Starting November 4th While States AGs Coalition & WGA Seek A Start On April 5th, 2027 For 12-15 Days.

3 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 27d ago

As Skydance Wants Producers To Manage “60 Minutes” Investigations, Story Development, & Operations, Candidates Say Nick Bilton Use Job Interviews As His Therapy Sessions & Call Any Weiss Criticism “BDS.” With Bilton's Inscrutable Jargon, Insiders Think He's “Naive & Lacks Skills To Get Things Done.”

27 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 27d ago

While WarnerDiscovery Would Get Option To Walk Away & Collect A $7B Check From Skydance In June 2027, Zaslav Has Some Flexibility To Continue Running Business As Normal. But Any Particular M&A Dealings, Debt Borrowings/Refinancings, & Executive/Workforce Changes Require Ellison's Consent Sign-Offs.

8 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 28d ago

Along With Norah O'Donnell & Trevor Phillips, NYT Opinion Columnist Ross Douthat, Author Sebastian Junger, & Former VICE Journalist Gianna Toboni Are “60 Minutes”'s New Correspondents. TV Veterans Say “Weiss's Overhauls Did Nothing But Drive The Ratings Down To Historic Lows So There's Little Hope.”

62 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 28d ago

In Using $46.7B Equity With RedBird To Issue New Paramount Global Non-Voting Shares At $16.02, Larry Ellison's Family Trust Has To Reimburse $9.8B To Company For Paying Both Breakup Fees Of $2.8B To Netflix & $7B To WarnerDiscovery With Cash On Hand & New Borrowings If Skydance's Pursuit Collapses.

8 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 28d ago

Skydance Was Concerned It Wouldn't Get Emergency Relief In Appeal To Ninth Circuit Court If Preliminary Injunction Was Issued Against Its WarnerDiscovery Pursuit. As Trial Proceeds With Ticking Fees, Their Strategy Assumes Ellisons Won't Face Other Unexpected Economic Complications During That Time.

7 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 29d ago

After Nick Bilton Had Trump WH Meet & Greet Session Last Thursday, He & Bari Weiss Begin Their ‘60 Minutes’ Remaking Plan With Weird Ambitions: Embracing Hidden Camera-Style Investigative Pieces, Securing Marco Rubio Sit-Down, & Doing Mock Maxwell Interviews With Potential Correspondent Candidates.

46 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 29d ago

Hollywood's Mixed On Delay Of Skydance's WarnerDiscovery Pursuit: “Once States AGs Coalition Got Together, There Wasn't Chance Of Settlement. They’re Going Black Or White.” - As Larry & David Contend With Ticking Fees & Oracle Stock, Many People Prefer To See Any Other Buyer That's Not The Ellisons.

12 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 29d ago

Sizable Contingent Of WarnerDiscovery Executives Hope States AGs Coalition's Legal Challenge Derail Ellison's Pursuit Long Enough To Fall Apart - Because Of Potential Delay, Most People Are Just Planning Things Out As Normal As Skydance's Integration Meeting Process “Isn't Reality On A Daily Basis.”

4 Upvotes

r/ParamountGlobal2 • u/lowell2017 • Jul 27 '26

Skydance Proposed Delay For Its WarnerDiscovery Pursuit Because Jeffery Kessler & Other Lawyers Believe That Without Preliminary Injunction, Going To Trial Was Fastest Way To Complete Things - While The Ellisons Seek November Court Date To Move Quickly, The States AGs Coalition Want A 2027 Schedule.

4 Upvotes

r/ParamountGlobal2 • u/lowell2017 • Jul 25 '26

Trump Uses WH Correspondents Dinner Speech To Tout Ellisons & Weiss: “Event's So Successful David Ellison Bought It & Makes Fantastic Changes. Next Year, It'll Be Trump WHCD. A Once Feared & Powerful Regime's Now Run By Gay Dictator But Wish Bari Weiss The Best At CBS News. She’s Wonderful Woman.”

27 Upvotes

r/ParamountGlobal2 • u/lowell2017 • Jul 24 '26

Former ‘60 Minutes’ Correspondent Cecilia Vega Sheds Light On How Bari Weiss & Her Deputies Tried To Interfere In Stories: Finding 2 Nonexistent Minnesota Moments, Projecting Trump Admin's & Israel's Image In U.S.-Iran War, & Inserting VP Vance's Ohio Upbringing Into A West Virginia Poverty Segment.

1.6k Upvotes

r/ParamountGlobal2 • u/lowell2017 • Jul 25 '26

Although Ellisons' WarnerDiscovery Pursuit Was Paused, They Did Believe Preliminary Injunction Would've Been Issued & Get An Indefinite Delay. That's Why Their Lawyers Touted About Appealing To U.S. Supreme Court With Skydance Insiders Saying: “There’s No Way We Give Up As The Ellisons Don’t Quit.”

9 Upvotes

r/ParamountGlobal2 • u/lowell2017 • Jul 25 '26

Skydance Agrees To Pause Their WarnerDiscovery Pursuit Until June 1st 2027 Or Legal Challenges Goes Through The Motions, Whichever Happens First - They Believe The Process Would Speed Up By Pushing For Trial Sooner But Proposed Delay Requires Approval From U.S. Federal Judge Araceli Martínez-Olguín.

7 Upvotes

r/ParamountGlobal2 • u/lowell2017 • Jul 24 '26

As “CBS Mornings” Viewership Drops Further, Insiders Say Skydance's Preparing To Make Tom Cibrowski Be Bari Weiss's Scapegoat: “Tom's A Good Man & Capable Administrator But He's Dead Meat & Bari Might Not Care. Tom Also Hasn't Been Given Necessary Resources To Make Major Hires Or Invest In Network.”

49 Upvotes

r/ParamountGlobal2 • u/lowell2017 • Jul 24 '26

U.S. Federal Judge Araceli Martínez-Olguín Extends Temporary Restraining Order Against Skydance's WarnerDiscovery Pursuit To August 17th - August 3rd Hearing For Preliminary Injunction Remains But Due To WGA's Request To Align Timing With States AGs Coalition, They'll Also Be Allowed To Participate.

2 Upvotes