Paramount

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Paramount TV Studios Is Shutting Down

It's part of a restructuring at parent Paramount Global

(Newser) - A familiar name in the TV industry is shuttering for good: Paramount Television Studios is done at the end of this week, part of an ongoing restructuring at parent company Paramount Global, reports Deadline . The current iteration of PTVS has been around since 2013 and has been responsible for shows...

Say Hello to the &#39;New Paramount&#39;
Say Hello to the
'New Paramount'
Jul 8, 2024 8:14 AM CDT

Say Hello to the 'New Paramount'

And goodbye to the reign of the Redstone family, as Paramount plans its merger with Skydance

(Newser) - Paramount Global has had a tough time of it in the digital era, struggling to gain a foothold in the streaming arena—but a new merger may remedy some of that. Per t he AP , Paramount announced Sunday that it has struck a deal to merge with the Skydance Media...

Paramount Agrees to Merger Terms
Paramount
Ends Merger
Talks With
Skydance
updated
Jun 12, 2024 5:47 PM CDT

Paramount Ends Merger Talks With Skydance

Shari Redstone had not signed on to the deal

(Newser) - The majority owner of Paramount Global said it has ended merger talks with Skydance Media. National Amusements said in a statement only that the entertainment giant and the movie production company "have not been able to reach mutually acceptable terms," the AP reports. The major missing piece had...

Paramount Global Replaces CEO With 3 Execs

They will form an 'Office of the CEO'

(Newser) - Paramount Global on Monday announced that Bob Bakish is stepping down as CEO of the film, television, and multimedia company. Bakish will be replaced by a troika of executives who will form a new "Office of the CEO." The group includes George Cheeks, the CEO of CBS; Chris...

Two Media Giants Start Merger Talks
Two Media
Giants Start
Merger Talks
Dec 20, 2023 6:15 PM CST

Two Media Giants Start Merger Talks

Warner Bros. Discovery, Paramount both are facing debt and making cuts

(Newser) - Warner Bros. Discovery and Paramount Global have begun talking about merging, a deal that would put the rivals' streaming operations and film studios—as well as TV networks CBS and CNN—under the same corporate roof. The media companies' CEOs, David Zaslav of Warner Bros. and Bob Bakish of Paramount,...

Showtime Joins Max in Getting a New Name

Cable channel will now be called Paramount+ With Showtime, which some say is a 'crazy' rebrand

(Newser) - We just got used to calling HBO Max simply ... Max . Now, we'll have to shift gears and do the same with Showtime, though that network is actually seeing its name lengthen as part of a rebrand. The Hill reports that, starting on Jan. 8, Showtime will officially become "...

Paramount Calls Quits on Yellowstone

Sequel, apparently without Costner, will take over in December

(Newser) - The hit TV series Yellowstone will ride into the sunset this fall, just in time for a sequel to pick up the story of the Dutton family. It had been unclear whether star Kevin Costner would continue to appear on the series, and the announcement didn't completely clarify that...

South Park Is Caught in the Middle of a $200M Suit

Warner Bros. Discovery is suing Paramount, South Park Digital Studios over exclusivity rights

(Newser) - During the peak of the pandemic, homebound Americans continued to receive a bit of comic relief thanks to South Park, which aired a couple of COVID-themed episodes to break the tension. Who's not laughing now: Warner Bros. Discovery, which is suing competitor Paramount for airing new episodes of the...

Lawsuit Calls for an End to Top Gun Screenings

Heirs of magazine article author say Paramount had no rights to make sequel

(Newser) - Top Gun: Maverick has gotten rave reviews and has had a huge first two weekends at the box office , but if the heirs of the author of a 1983 magazine article have their way, no one else will get a chance to see it. The article in question, "Top...

ViacomCBS Shares Plunge After Rebrand

Company is now called Paramount

(Newser) - ViacomCBS is now known as Paramount, but investors don't seem be thrilled about the company's name change or its financial outlook: Deadline reports that the company's stock price nosedived 20% in trading early Wednesday, and it remains down nearly that much as of this writing. The company...

2 Big Studios, No Women Directors Through 2018

That's 47 male-directed movies

(Newser) - Nearly 50 movies from two major studios are slated to come out through 2018—and there's not a female director to be found among them, according to a tally by the Wrap . It found Paramount is set to release 25 films, while 20th Century Fox will debut 22 (that...

Final John Hughes Script May See Big Screen
Final John Hughes Script
May See Big Screen
Hollywood Rumor
Mar 8, 2010 2:11 PM CST

Final John Hughes Script May See Big Screen

Rumor gives Paramount inside track for 'Grisbys Go Broke'

(Newser) - John Hughes died last year—last night's Academy Awards even paused for a tribute—but he may have one more movie in him. Rumor has it that Paramount will pick up an unproduced Hughes script in the hopes of making a family comedy, according to the Hollywood Reporter . Grisbys Go ...

Hollywood Heads Roll as DVD Sales Plunge

New studio heads place bets on 'branded entertainment'

(Newser) - In previous downturns, the corporate owners of America's movie studios would cut Hollywood some slack. Not anymore: these days, the corporate suites of LA look like the aftermath of a slasher flick, with old hands kicked out at Disney, Universal, MGM, and Paramount. With DVD sales down 25% and...

Studios Sweating August Releases

(Newser) - Studios used to spending August releasing movies from slightly out in left field, free from the pressure of early summer blockbusters, are finding this year more stressful than usual, the New York Times reports. A soft four weeks has put releases such as Quentin Tarantino's Inglourious Basterds under pressure to...

Hollywood Reeling From DVD Slump

Disappearing profits threaten movies, star deals

(Newser) - Hollywood studios are faced with huge losses because of a 21% slump in DVD sales and the fallout from the crisis on Wall Street, reports the Financial Times. Studio heads have been forced to cut back on the number of new movies in production and are preparing to trim the...

Spielberg Pays Bills for Ailing DreamWorks

Credit crunch forces director into personal bailout for studio

(Newser) - Perhaps for the first time, Steven Spielberg is using personal funds to pay half of a $26.5 million bill his company, DreamWorks, owes ex-partner Paramount so it can keep 17 film projects under its wing. Due to cash shortages, the studio has already lost the rights to as many...

Cash-Strapped Studios Spend Big on Oscars

Pricey ads run for contenders despite industry layoffs

(Newser) - America's financial crisis hasn't stopped studios from dropping big money in their quest for Oscars, Nikki Finke writes on Deadline Hollywood Daily. Amid layoffs and cutbacks, Paramount took out 7 full-page ads for Revolutionary Road in the New York Times, and Disney spent $675,000 for a Wall-E insert in...

Audiences Flock to Madagascar
 Audiences Flock to Madagascar 
Nov 9, 2008 4:27 PM CST

Audiences Flock to Madagascar

Animated flick wins weekend box office

(Newser) - Madagascar: Escape 2 Africa had the year's best opening for an animated family flick, pulling in $63.5 million to win the weekend box office, Variety reports. R-rated gross-out comedy Role Models, meanwhile, surprised by taking second place with $19.3 million. The remaining top five: High School Musical 3:...

Spielberg Strikes Huge Universal Deal

Universal Studios to distribute up to 6 films a year

(Newser) - Steven Spielberg is returning to the Hollywood studio where he made his classic blockbusters Jaws and ET.  Spielberg's DreamWorks, backed with $1.4 billion in new financing, has struck a seven-year distribution deal with Universal for as many as six new releases a year, according to the Hollywood Reporter....

Jones Sues for $10M in No Country Pay

Paramount hasn't coughed up promised bonuses, he argues

(Newser) - Actor Tommy Lee Jones has sued the producers of Oscar Award-winning No Country for Old Men for $10 million he claims is owed him. The suit charges Paramount Pictures failed to pay Jones a promised chunk of "significant box-office bonuses" and other compensation linked to the success of the...

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