Byron Allen Offers $30 Billion for Paramount Global (1 Viewer)

[Garysb]

Byron Allen Makes $30 Billion Bid For Paramount Global In Debt & Equity

Move over, David Ellison, because here comes Byron Allen. The media mogul and owner of The Weather Channel has made a $30 billion offer for the debt and equity of Paramount Global, Deadline has con…

deadline.com

If accepted, he would probably sell the studio and the IP and keep linear TV, Paramount + Streaming service and the cable channels

 

[Sam Favate]

That doesn't make a lot of sense. Sell the studio and the IP while maintaining the streaming service? So all the content would then have to be licensed? That's not going to make it run more efficiently.

It's really sad that yet another of the great studios has come to this.

 

[Garysb]

That doesn't make a lot of sense. Sell the studio and the IP while maintaining the streaming service? So all the content would then have to be licensed? That's not going to make it run more efficiently.

It's really sad that yet another of the great studios has come to this.

I don't know if it's clear from the article if existing film and TV properties would be sold off with the studio. It's possible he may hold on to some or all the existing library, selling the studio lot and the rights to make films using the Paramount name. As to what would happen to the rights to make additional content related to Star Trek, Mission Impossible etc, who knows. Maybe the rights to make new content for existing franchises goes with the studio sale while existing content stays with Mr. Allen's company. Maybe there is an agreement where Mr. Allen leases the rights to make additional content from existing franchises to the studio. Not sure if Paramount studios could survive by itself. Perhaps it would be sold to Comcast, Disney, Warner Discovery, or Lionsgate.

 

[Garysb]

Paramount Global Nears Crossroads After Latest Acquisition Offer: What’s Shari Redstone’s Next Move?

News of Byron Allen’s $30 billion offer (including debt) for Paramount Global has restarted Hollywood’s most active parlor game: Whither Paramount and assets like its 112-year-old film …

deadline.com

 

[Garysb]

$11 Billion offer for just Paramount Studios.

Paramount Global Stock Pops On Apollo’s Reported $11 Billion Bid For Studio

Paramount Global stock pops on report Apollo Global made an $11 billion bid for the film and TV studio. David Ellison's Skydance Media also a suitor.

deadline.com

 

[John Maher_289910]

Somehow Byron Allen's rise from a comedian to a business mogul escaped me. I remember him an the opening act (really good), for Julie Andrews.

 

[Garysb]

Another possible bidder.

Sony In Talks To Team With Apollo In Bid For Paramount Global

Sony is in talks to join Apollo's bid to acquire Paramount Global.

deadline.com

 

[B-ROLL]

Somehow Byron Allen's rise from a comedian to a business mogul escaped me. I remember him an the opening act (really good), for Julie Andrews.

He's actually quite savvy. He owns The Grio Network. I believe he had Proctor & Gamble to pay most of the production costs for The Grio Awards. Which first aired on The Grio and then aired on CBS and NBC and then back on The Grio. He's had a couple of specials that were made for The Grio air on other networks. He/Entertiainment Studios managed to sell a show about comedians to filll in for the slot after The Late Show with Stephen Colbert..

He's been uinderrated for some time - I really admire what he's done.

Home - Allen Media Group

Founded by Byron Allen in 1993, Entertainment Studios is a fully integrated global media production and distribution company with 8 HD networks, dozens of first-run syndicated shows, over 5,000 hours of HD programming, and more to come.

allenmedia.tv

 

[Desslar]

He's actually quite savvy. He owns The Grio Network. I believe he had Proctor & Gamble to pay most of the production costs for The Grio Awards. Which first aired on The Grio and then aired on CBS and NBC and then back on The Grio. He's had a couple of specials that were made for The Grio air on other networks. He/Entertiainment Studios managed to sell a show about comedians to filll in for the slot after The Late Show with Stephen Colbert..

He's been uinderrated for some time - I really admire what he's done.

Home - Allen Media Group

Founded by Byron Allen in 1993, Entertainment Studios is a fully integrated global media production and distribution company with 8 HD networks, dozens of first-run syndicated shows, over 5,000 hours of HD programming, and more to come.

allenmedia.tv

I thought he was a lower tier late night host. Boggles the mind that he could have enough cash to buy Paramount.