Reported 8 months ago
Disney's top adviser, Kevin Mayer, referred to Paramount as an impaired company with a broken deal process and struggling business prospects. The controlling shareholder, Shari Redstone, recently halted a deal with David Ellison's Skydance, causing uncertainty and surprise. Amid leadership changes and potential layoffs, Paramount is exploring strategies like a streaming joint venture with Comcast and selling networks like BET and MTV to improve profitability. Despite holding valuable assets, Paramount faces significant challenges as it navigates turbulent waters in the entertainment industry.
Source: YAHOO