Shari Redstone Tells Staff That Skydance Has “Resources To Build On Paramount Global’s Competitive Advantages”
deadline.comParamount Global controlling shareholder Shari Redstone, along with the conglom’s co-CEO troika, waved poms poms tonight to staff about the upside to Skydance’s $8 billion takeover of the storied studio, CBS network and Viacom cable networks.
Already, employees are sweating over the looming $500 million in cuts that co-CEOs George Cheeks, Chris McCarthy and Brian Robbins would bring in an effort to create better profit margins.
Now, news of tonight’s Skydance deal. As we saw with the Warner Bros Discovery merger, the arrival of new execs come with their own agendas of fresh mission statements and future exec teams.
What’s often not realized by incoming bosses –especially as the Motion Picture side of Paramount has built a kickass feature slate of A Quiet Place: Day One, Transformers One, Smile 2 and Gladiator II this year — is that if it ain’t broke, well then, don’t fix it.
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