Here's what's next for Paramount after Skydance deal is stopped in its tracks
Publishing timestamp: 2024-06-13 07:46:33
Summary
National Amusements stopped deal talks for the proposed merger of Paramount Global and Skydance, leaving Paramount under the direction of a trio of CEOs. The media giant faces challenges in the streaming environment, advertising slowdown, and debt load. The future of Paramount remains uncertain as potential bidders emerge and the leadership team focuses on executing a strategic plan to turn the company around.
Sentiment: MIXED
Tickers: PARA,
Keywords: media, business news, breaking news: business, entertainment, paramount global,
Source: https://www.cnbc.com/2024/06/12/paramount-skydance-deal-ends-what-happens-next.html