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Movie producer David Ellison is in negotiations to take charge of Paramount Global, after he and his backers agreed to pay over $2 billion for Shari Redstone’s National Amusements, the family company that controls Paramount. Lightshed Partner Rich Greenfield joins Caroline Hyde to weigh in on “Bloomberg Technology.”
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@NateFreestyle
April 8, 2024 at 3:43 pm
How is the status quo not working? They have consistently increased subscribers and revenue, and Bakish said in the last ER that Paramount+ should reach domestic profitability in 2025. I’m not sure how you interpret that as “not working.”
@AnimatedHistory-InCharts
April 8, 2024 at 4:45 pm
This guy just said a pile of stinky nonsense. Dual class has equal economic rights, Board has fiduciary duty for all shareholders. If Shari wants to sell NAI just do it but don’t force Paramount into buying Skydance… It’s a heist. They’re extorting property. Sell NAI and leave PARA Shareholders alone. What an idiocy. Paramount commons need to raise equity to buy a tiny shit*y company that wants to take control over us? Wtf! They can just buy NAI stake how can they force commons to buy them? Who’s the Board managing to? Maximizing all Shareholders value or just maximizing one shareholder?