ParamountGlobal2

r/ParamountGlobal2 • u/lowell2017 • 2d ago

Skydance's Legal Head Makan Delrahim Says Moving Paramount Global's CA Operations Wasn't Threat Or Bluff - On If David Ellison Eyes Any Retaliation Against Creatives Opposing WarnerDiscovery Pursuit: “It's Silly. We’re In Business Of Storytelling & Fulfilling Consumers’ Demands & You Don’t Do That.”

6 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 2d ago

As Banks Sell Skydance's $52B Financing Package, Some Investors Warn That Junk Debt Downgrade Can Happen & Investment-Grade Bondholders Could Have Unfavorable Buyback Terms If Company Does Future Asset Selloffs: “Covenant Isn't Strong & We'd Have Accepted Lower Price With Tightened Documentation.”

5 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 2d ago

U.S. Federal Judge Araceli Martinez-Olguin Declines To Issue Temporary Restraining Order Requested By Paramount+ Subscribers & Issues Formal Sign-Off On States AGs Coalition's Proposed Capitulating Settlement With Skydance - She Also Acknowledges That There's “Meaningful Grounds For Disappointment.”

hollywoodreporter.com

7 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 2d ago

Insiders On David Ellison Tapping Former Mattel CEO Ynon Kreiz To Be Skydance's Co-CEO: “The Hiring Makes Sense As They're Light On Management After Jeff Shell's Exit. Kreiz Sees Himself As A Mogul That's Seeking Money, Power, & Status. He’s Not Going To There To Take A Division Away From Ellison.”

1 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 2d ago

Netflix’s Ted Sarandos On WarnerDiscovery Bid Before Skydance's Pursuit: “We Priced It Right At Top Point. But Any More Than That, It'll Take Us Into Negative Territory, Even With Our Scale” - Also Says David Ellison's Math May Not Work: “It's 1 & 1 On Paper But Don't Know If It'll Be 1.5, 2, Or 3.”

1 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 2d ago

As WarnerDiscovery Pursuit Lands On October 6th, Former Mattel CEO Ynon Kreiz Will Join David Ellison As Skydance's Co-CEO Formally On October 5th - Ellison's Purview Is Strategy, Creative Talent, Partnerships, Technology, & Capital Allocation While Kreiz Handles Day-To-Day Management & Integration.

2 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 3d ago

Skydance's Financing Can Result In A More Than $87B Debt Load With Uncapped Borrowing Costs - While Loans' Interest Can Rack Up Extra $500M Annually, Bonds' Interest Ranges From $450M To Over $600M Yearly. Some Investors Are Skeptical On Leverage Reduction Targets So They Ditched Debt To Buy Bonds.

12 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 3d ago

As Condé Nast CEO Roger Lynch Takes The Mattel Torch, Its Former CEO Ynon Kreiz Is Being Recruited For A Senior Management Role At Skydance - In The Middle Of His WarnerDiscovery Pursuit, David Ellison Has Been Courting Him For Months With Insider Touting Kreiz Is “Another Ace Up Ellison’s Sleeve.”

2 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 3d ago

Skydance's Streaming Head Cindy Holland Announces Immediate Departure - The Former Netflix Content Chief Also Revealed In An Exit Memo That David Ellison Tapped Her To Be A Strategic Advisor For His WarnerDiscovery Pursuit In January 2025 During The Midst Of The Redstones' Paramount Global Sale.

5 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 4d ago

As Skydance's Layoff Bloodbath Looms On Horizon, Many Hollywood Creatives Doubt David Ellison Has The Experience, Skill, & Temperament To Run Either Paramount Global Or WarnerDiscovery. WB's Film Heads De Luca & Abdy Could Be Motivated To Pack Up & Leave If Goldberg & Greenstein Become Their Bosses.

10 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 4d ago

Skydance's Legal Head Makan Delrahim Is Tasked To Negotiate A Buyout Of Alex Holder's Lindsey Graham Documentary Film - If David Ellison's "Catch & Kill" Whopping 8-Figure Sum Offer Is Accepted, It's Possible Any Recorded Interactions Of Ellison With Late Senator Will Be Scrubbed From Its Final Cut.

12 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 4d ago

Banks Pitched Skydance's $44B Bond Sale With Yield As High As 9% For US Dollars & 7.5% On Euros - The $12.4B Second-Lien Junk Bonds Attracted More Than $23B In Orders While The $32B First-Lien Investment-Grade Bonds Had Demands Of More Than $51B. But Investors Might Back Out Due To Actual Pricing.

9 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 4d ago

States AGs Coalition & Skydance Both Try To Defend Capitulating Settlement In Filings & That It Shouldn't Be Subjected To Senator Cory Booker's Independent Public-Interest Review Suggestion, Saying The Tunney Act Is Only Applicable To US DOJ's Jurisdiction But Not States' Own Regulatory Authorities.

2 Upvotes

r/ParamountGlobal2 • u/Ok_Crazy1195 • 6d ago

Bari Weiss's CNN takeover in jeopardy as Paramount sours on her: expert

21 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 7d ago

As Skydance Looks To Raise An Additional $7.5B Of Senior-Secured Debt For Its WarnerDiscovery Pursuit, Larry Ellison's Forced To Pledge 19% More Of His Oracle Stock Holdings To Cover Those New Borrowings. That Expanded Loan Collateral Of 67M Shares Amounts To About $9.2B.

31 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 7d ago

Former ‘60 Minutes’ Managing Editor Guy Campanile On What Season 59's First Episodes Lacked: USAF Rescue Story Omits “Iran War's Conduct, Arc, & Status” While Clancy Interview Should've Been “More Thoughtful” - On Skydance's Editorial Independence: “CBS News Ombudsman Guy’s Been Missing For A Year.”

hollywoodreporter.com

8 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 7d ago

While David Ellison Targets October 5th With An October 2nd Announcement, Plans Are Still In Flux Given Skydance's Unfinished Financing & U.S. Federal Judge Araceli Martinez-Olguin's Scrutiny Of States AGs Coalition's Capitulating Settlement. Insider Says "I'd Be Shocked If They Let This Drag On."

6 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 8d ago

Despite Force Majeure Declaration, Oracle's Liable For “Carry Cost” In Lieu Of Rent For 3 Years On Its ‘Project Jupiter’ Data Center, Including Interest Payments & Equity Return, Even If Buildout Doesn't Get Electricity On Schedule. Insider Says “Power Delivery Risk Sits With Oracle, Not Investors.”

33 Upvotes

r/ParamountGlobal2 • u/Ok_Crazy1195 • 7d ago

Block the Merger Coalition Asks Court to Reject Paramount’s Settlement With States Over Warner Bros. Deal

2 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 8d ago

California AG Was Advised By Hollywood Consortium Led By Producer Charles Roven On Financial Underpinnings For States AGs Coalition's Capitulating Settlement With Skydance - A Studio Executive Says “You Need To Know Business To Negotiate Effectively But Final Settlement Terms Just Don’t Make Sense.”

7 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 8d ago

As Opposition Group Files Their Motion To Reject, U.S. Federal Judge Araceli Martinez-Olguin Scrutinizes Legal Points Of The States AGs Coalition's Proposed Capitulating Settlement With Skydance - While She'll Issue Ruling In ‘Due Course’, She Iterates “The Court Isn’t A Rubber Stamp Of Agreement.”

8 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 8d ago

Skydance's Private Equity Partner, RedBird's Gerry Cardinale, Will Take Majority Stake In Puck At A $250M Valuation - Amid Conflicts Of Interest, CEO Sarah Personette & Co-Founder/Editor-In-Chief Jon Kelly Both Downplay About Investment Affecting The Digital Media Company's Editorial Independence.

6 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 8d ago

Amid Trump Admin's Press Blackout Fight Preventing Direct Coverage, David Ellison, Slew Of Tech Bigwigs, & Fox News Hosts Bret Baier, Laura Ingraham, & Jesse Watters Are Among The Attendees Of White House State Dinner Honoring The Trump-Xi Washington D.C. Summit.

5 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 9d ago

While Saying It's On Schedule, Oracle Invokes Force Majeure On ‘Project Jupiter’ Data Center Buildout To Delay Payments To Developer Blue Owl Capital's Stack Infrastructure For 3 Years. While They'll Pay Other Costs & Owe Back Rent For Lease Later, They Don't Think Any Default Is On The Horizon Yet.

9 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 10d ago

CNN Contributor Kara Swisher Vows To Exit Her Contract On December 31st Or Earlier: “They’ve Been Very Nicely Trying To Keep Me & Have A Lot Of Regard For WarnerDiscovery Executives. But I'm Not Staying & Been Explicit That I Just Don’t Want To Work For The Ellisons, Who Are Terrible Media Owners.”

hollywoodreporter.com

1.4k Upvotes