Paramount Skydance’s streaming chief is out as it closes in on its deal with Warner Bros. Discovery. Cindy Holland told staffers in a memo obtained by Business Insider on Tuesday that it would be her last day at the company. Holland said the decision came as CEO David Ellison prepares for the $110 billion merger.
HBO chief Casey Bloys is poised to take the reins of all of Paramount and Warner Bros. streaming operations following the Paramount-Warner Bros. Discovery merger. On Tuesday, Cindy Holland announced she was stepping down from her role running Paramount+ and other direct to consumer streamers under the Paramount umbrella. The shuffle comes as Paramount Skydance
Paramount Skydance‘s $111 billion agreement to merge with Warner Bros. Discovery is not quite a done deal, but the company is preparing for the deal to close within the next few weeks. In an SEC filing Friday, Paramount said its board on Sept. 25 “determined to voluntarily withdraw the listing of its Class B common
Now that Paramount has reached a settlement with the 12 states that were suing to block its $110 billion merger with Warner Bros. Discovery (WBD), the studio is even closer to becoming one of the world’s biggest production houses. In addition to spending at least $300 million more on film and TV projects produced in
Paramount reached a settlement on Monday resolving the antitrust lawsuit that delayed its acquisition of Warner Bros. Discovery, as reported earlier by The New York Times. If approved by the courts, this would remove the last major obstacle to the proposed $111 billion merger, creating one of the world’s largest media companies. The deal includes
Paramount Skydance has settled a lawsuit with dozens of US states, removing a major hurdle to its $110bn (£82.8bn) merger with Warner Bros Discovery. California Attorney General Rob Bonta told a news conference that state officials agreed to terms after securing commitments to protect competition across film and television, and broadcasting. Still, “the settlement is
