Despite the success of such productions Top Gun: Maverick, Paramount is in deep debt. To solve this problem, the studio behind SpongeBob SquarePants is currently negotiating a merger between the two companies with Skydance. Now, quite 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, Jointly discussed a partnership to acquire Paramount. People close to the media indicated that these talks took place last week and that the details are still being formalized. One structure would see Apollo take a minority stake in the joint venture and Sony as the majority owner to run the company. At some point, Apollo may withdraw its investment, possibly by selling its stake to Sony.
This is not entirely new, since earlier this month, Apollo Global Management has offered to buy Paramount in its entirety, including debt, for $26 billion, a figure that could increase if the union can work out with Sony. However, Paramount is in strong talks with Skydance to achieve a merger between the two companies, so Sony and Apollo’s plans are likely to fall through.
As happens in such cases, We can only wait to see what happens with these entertainment giants. On a related note, here you can watch the first clip of the series Knuckle On Paramount+. This is how the second season of the series debuted. hello.
Author’s Note:
The entertainment industry is slowly shrinking. Although it is true that companies and properties do not disappear, the purchase and merger of companies is something that can have negative consequences in the future, at least from a critical and artistic point of view.
Through: The New York Times
