Sony Apollo Paramount Merger Wouldn’t Reduce Theatrical Output, Though TV & Streaming Assets Would Be Shed
deadline.comShould Sony and Apollo get their hooks into Paramount Global their strategy would be to keep theatrical release output steady between both studios –not reduced– while cutting the more burdensome parts of the conglom, read auctioning off CBS, the linear channels like MTV and Paramount Plus streaming service.
The news about theatrical output is per Deadline tonight, while the New York Times reported earlier that Sony and Apollo have plans to cut Paramount’s TV assets in their $26 billion bid for the entertainment company.
Per the NYT, Sony hasn’t shared their plan with Paramount and its consiglieres who decided on May 4 to hold separate talks with Sony/Apollo and continued negotiations with David Ellison’s Skydance/Red Bird.
Talks have eased between Paramount and Skydance, though the latter remains interested. Many have pointed out that a Sony merger with Paramount would put the former under scrutiny with the FCC as foreign owned congloms aren’t allowed to own U.S.
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