Paramount

Paramount Skydance first-quarter profit benefits from cost-cutting

The results are the first since the media giant struck a US$110 billion deal to acquire Warner Bros Discovery

Paramount said the approval would reduce barriers to further investment, enabling it to seek additional capital from non-US investors.

Paramount seeks FCC approval for foreign investors backing Warner Bros acquisition

Middle Eastern-linked funds have agreed to back its proposed takeover

After a contentious, months-long battle, Paramount outbid Netflix in February to win the deal, which will create a sprawling media empire.

Hollywood stars unite to oppose Paramount-Warner deal

The combined company will control two legacy studios

Paramount Skydance in February said it has agreed to buy its peer in a US$110 billion deal.

Paramount in talks for Gulf backing in Warner takeover: WSJ

The Gulf backers will not have voting rights in the new Paramount-Warner entity

David Zaslav is the engineer of the 2022 merger between cable-TV programmer Discovery and AT&T’s WarnerMedia business. 

Warner Bros CEO to make US$667 million on Paramount sale

He could also receive up to US$335.4 million in reimbursement for taxes

Tencent already holds a minority nonvoting stake in Paramount.

Tencent is said to be back on Paramount-Warner Bros deal with fresh funding

Chinese ownership of US assets has been a cause for concern in Washington, resulting in a deal for social media site TikTok’s US operation this year

Paramount is targeting 15 theatrical films a year per studio for a total of at least 30 films annually.

Paramount to combine HBO Max and Paramount+ to challenge Netflix

The company expects the transaction to close in the third quarter

The Warner Bros board still has to terminate the Netflix deal and adopt Paramount Skydance’s offer.

Paramount Skydance wins Warner Bros; Netflix walks away and its shares jump

Still, the bid is likely to face antitrust scrutiny in Washington, foreign countries and US states, including California

Paramount expects revenue between US$7.15 billion and US$7.35 billion in the first three months of 2026, compared with analyst estimates of US$7.36 billion in revenue.

Paramount Skydance forecasts quarterly revenue below estimates as legacy TV Media drags

Legacy media companies face declining ratings and revenue across their cable portfolios