Private equity firm Apollo Global Management has tabled an $11bn bid for Paramount Global’s film and TV studio business according to reports.
The Wall Street Journal reported that Apollo submitted the bid for Paramount Pictures and the Paramount TV studios group.
Source: Copyright: © 2023 Warner Bros. Entertainment Inc. All Rights Reserved
A deal would see Apollo take control of the US studio behind film franchises such as Star Trek, Mission: Impossible, and Transformers, and series including Reacher and Tom Clancy’s Jack Ryan for Prime Video and The Haunting Of Hill House for Netflix. Paramount’s library includes classics such as The Godfather and Breakfast at Tiffany’s.
However, the offer does not extend to Paramount’s US broadcast networks CBS, Nickelodeon, MTV, Comedy Central and BET, or streaming platforms Paramount+ and Pluto TV.
Apollo’s current entertainment investments include Legendary Entertainment, the producer of films such as Dune and Godzilla vs. Kong. Apollo is a former owner of Endemol Shine Group.
Multiple companies have recently expressed an interest in Paramount Global.
David Ellison, Skydance Media CEO, has been in talks to acquire National Amusements, the holding company of Paramount Global’s controlling shareholder Shari Redstone family.
Warner Bros. Discovery chief David Zaslav and Paramount’s Bob Bakish met last year to discuss a potential merger but reports in February suggested talks had ended.
The Weather Channel owner Byron Allen reportedly made a $30bn offer to acquire the entirety of Paramount Global in January.
You are not signed in
Only registered users can comment on this article.
SMPTE, EBU, and ETC research AI’s impact on the media
The Society of Motion Picture and Television Engineers (SMPTE) has teamed up with the European Broadcasting Union (EBU) and the Entertainment Technology Center (ETC) on a new engineering report on artificial intelligence (AI) and its effect on media.
UK film and TV industry backs clean power plan
The UK film and TV industry has agreed on a plan to permanently shift to clean solutions for temporary power on sets.
Nigel Warner to succeed John McVay as CEO of Pact
UK producers' body Pact has named Nigel Warner, UK Policy Consultant to the Motion Picture Association and Special Counsel at Lexington, as its next CEO.
Sky’s Priya Dogra to become Chief Executive of Channel 4
Priya Dogra will become the next Chief Executive of Channel 4. Currently Chief Advertising, Group Data, and New Revenue Officer at Sky, Dogra will succeed interim Jonathan Allan in March 2026.
One Battle After Another, The White Lotus, and Adolescence lead Golden Globe nominees
One Battle After Another, The White Lotus, and Adolescence have emerged as the frontrunning films and TV shows for the 2026 Golden Globes.
