One of Hollywood’s oldest studios, Paramount Global, has agreed to merge with production firm Skydance Media, the BBC writes.<\/p>\n
Under the deal, Paramount’s non-executive chair Shari Redstone will sell her family’s controlling stake in the company in a complex transaction that will result in a merger.<\/p>\n
As well as Paramount, the group includes the television networks CBS, Comedy Central, Nickelodeon and MTV.<\/p>\n
Paramount Global traces its origins back more than a century to the founding of Paramount Pictures Corporation in 1914.<\/p>\n
But the entertainment giant has struggled over the past decade. Paramount Global’s shares have fallen by more than 75% in the last five years.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"
One of Hollywood’s oldest studios, Paramount Global, has agreed to merge with production firm Skydance Media, the BBC writes. Under the deal, Paramount’s non-executive chair Shari Redstone will sell her family’s controlling stake in the company in a complex transaction that will result in a merger. As well as Paramount, the group includes the television […]<\/p>\n","protected":false},"author":2,"featured_media":75200,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[2,35,43],"tags":[],"class_list":["post-75265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-politics","category-world"],"acf":[],"_links":{"self":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts\/75265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/comments?post=75265"}],"version-history":[{"count":0,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts\/75265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/media\/75200"}],"wp:attachment":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/media?parent=75265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/categories?post=75265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/tags?post=75265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}