Paramount Has Reportedly Been Sold to New Owners
In a surprising turn of events, Skydance Media is poised to take control of Paramount Global after months of speculation about the media giant’s future. The Wall Street Journal reports that Skydance will acquire National Amusements, the holding company owned by the Redstone family, which controls over 70% of Paramount’s voting shares.
The deal, valued at $1.75 billion, will give Skydance the reins of a media empire that includes CBS, Paramount+, BET, Nickelodeon, Pluto TV, and numerous other properties. Paramount and Skydance have a long history of working together on films like “Top Gun: Maverick” and the “Mission: Impossible” franchise and more.
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