Hollywood studio Paramount agrees $28bn merger with Skydance
End to Redstone familyβs involvement in media group, which also owns CBS, Nickelodeon and the UKβs Channel 5
Paramount Global, one of Hollywoodβs best-known companies, has agreed to a merger with the independent film studio Skydance, in a deal that ends its links with the Redstone family.
The Paramount chair, Shari Redstone, whose father, Sumner, bought the company in 1994, has given the green light to the sale of the familyβs controlling stake in the company behind classic films such as The Godfather, Titanic and Breakfast at Tiffanyβs.
Continue reading...Β© Photograph: Pictorial Press Ltd/Alamy
Β© Photograph: Pictorial Press Ltd/Alamy