Despite the success of productions such as Top Gun: Maverick, Paramount is immersed in a large debt. To solve this problem, the studio behind SpongeBob SquarePants is currently in talks with Skydance to achieve a merger between the two companies. Now, completely unexpectedly, It has been revealed that Sony would be interested in buying Paramount.
According to The New York Times, Sony Pictures Entertainment and Apollo Global Management, an investment firm, have been in talks about partnering to jointly acquire Paramount. People close to the media have indicated that these talks have taken place over the last week, and the details are still being formalized. One structure could see Apollo take a minority stake in the joint venture, and Sony become the majority owner and operate the company. At some point, Apollo could withdraw its investment, possibly selling its stake to Sony.
This is not something completely new, since earlier this month, Apollo Global Management offered to buy Paramount, complete with debt, for $26 billion, a figure that could increase if the union with Sony manages to work. However, Paramount remains in strong talks with Skydance to achieve a merger between the two companies, so there is a possibility that Sony and Apollo's plans could fail.
As happens in this type of cases, The only thing we have left is to wait to see what will happen with these entertainment giants. On related topics, here you can see the first clip of the series of Knuckles on Paramount+. Likewise, this is how the second season of the series debuted. Halo.
Author's Note:
Little by little, the entertainment industry is shrinking. While it is true that companies and properties do not disappear, the purchase and merger of companies is something that could have negative consequences in the future, at least from a critical and artistic point of view.
Via: The New York Times
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