All Finance articles – Page 3
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Paramount Global execs extend “go-shop” window, mull $6bn Edgar Bronfman Jr. bid
Period was due to expire on Wednesday night; now extended through September 5.
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Edgar Bronfman Jr. makes 11th-hour $4.3bn bid for Paramount Global
“Go-shop” period for Paramount Global to consider “superior” bids ends on August 21.
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British billionaire Reuben Brothers invest in Harmony Korine’s EDGLRD
Goal is to build content generator focused on film, video games.
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Screen’s The Future of UK Film Summit: final call for Early Bird tickets
The high-level conference will be held on September 24, 2024, at BFI Southbank, London.
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Paramount Global takes $6bn write-down, will lay off 15% of workforce
Approximately 2,000 staff impacted. Leadership expects Skydance transaction to close in first half of 2025.
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Disney streaming business turns profit for first time with 109% year-on-year increase
Disney’s direct-to-consumer business earnt the studio $47m last quarter.
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Validity of new $43bn bid for Paramount Global called into question
Entity calling itself Apex Capital Trust reported to have made $43bn all-cash offer.
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Former Netflix film head Scott Stuber relaunching United Artists label
Arrangement includes first-look deal, will see exec produce several films a year for release theatrically and on Prime Video.
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Swedish film & TV bodies criticise “first-come, first-served” government funding process
SVT, Film i Vast, distributors association all sign letter to culture minister.
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Comcast reports mixed Q2 as Peacock loses 500,000 subs
Revenue at streamer increases 28% to $1bn; studio division sees revenue fall.
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Netflix beats Wall Street Q2 forecasts, adds 8.1m global subs to reach 278m
Revenue of $9.56bn climbed 16.8% year-on-year.
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Dennis Davidson’s Elizabeth Bay Productions partners with FilmHedge, WestEnd Films
Upcoming EBP film projects include ’The Dimona Affair’, a whistleblower story set in Israel.
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Calculus Capital takes on Great Point Media’s film and TV business
Deal by UK-based investment firm boosts production financing sector.
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Sony withdraws from pursuit of Paramount Global
Rival bidders have 45 days to make competing bid against Skydance.
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Further details emerge on Paramount Global alternative bid scenario
Were there to be a “superior proposal” to the Skydance bid, August 21 deadline can be extended.
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Skydance CEO David Ellison outlines creative-tech hybrid vision for Paramount Global
Executives plan $2bn in further cuts as son of Oracle billionaire Larry Ellison talks cloud-based animation powerhouse, AI tools.
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National Film and Television School raises £525,000 at fundraising gala
NFTS says the total is a record amount, which will support scholarships and bursaries.
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“Of course we’re going to keep the tax reliefs,” says Labour
DCMS secretary of state Lucy Frazer also took part with representatives from the Liberal Democrat, Green and Plaid Cymru parties.
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London set for £9.5bn investment boost from film and TV production over next five years
Figures released at event celebrating Film London’s 20th anniversary.
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What next for Paramount Global after merger talks with Skydance Media break down?
Latest twist comes one week after Skydance sweetened previous offer.