Paramount Skydance said the merged Paramount-Warner Bros. Discovery will be 49.5% owned by foreign investors, with about 38.5% of the equity in the new company held by a trio of Middle Eastern funds. In a filing Monday with the FCC, Paramount said Saudi Arabia’s Public Investment Fund will have a 15.1% equity stake; the United […]

🚢 Plus: Trump orders Navy to ‘shoot and kill’ mine-laying boats {beacon} Happy Thursday. Did you miss the first drop of Olympic tickets? Well, the lottery just opened for the second ticket drop! Does anyone have any tips for how to get women’s gymnastics tickets? 🤞   In today's issue: Warner Bros. Discovery votes to...

On today’s episode of “Daily Variety” podcast, Erik Gordon, a professor at the University of Michigan’s Ross School of Business, breaks down the Warner Bros. Discovery sale saga as the company’s shareholders prepare to vote on the sale to Paramount Skydance. Gordon, who studies mergers and acquisitions and has used Warner Bros. Discovery as a […]

On today’s episode of “Daily Variety” podcast, Variety’s Todd Spangler details the growing opposition within media and entertainment to Paramount Skydance’s acquisition of Warner Bros. Discovery. And Marc Malkin talks to documentary filmmaker Morgan Neville about his Focus Features documentary “Lorne,” about the enigmatic “Saturday Night Live” leader. Actor Mark Ruffalo delivered a passionate statement via […]

Sen. Cory Booker, Democrat of New Jersey, is holding a “spotlight hearing” Wednesday in Washington about Paramount Skydance’s proposed $111 billion deal to acquire Warner Bros. Discovery. David Ellison, Paramount’s chairman and CEO, will not be able to attend the hearing because of a death in the family, according to the company. “Regretfully, Mr. Ellison […]