Four directors of Paramount Global will not standing for re-election at the annual meeting, an SEC filing has confirmed, paring the board down to seven directors.
Shareholders will vote on directors and other matters at the meet, which Paramount has set for June 4.
The proxy statement, which also lists the salaries of a company’s top five highest paid executives, said CEO Bob Bakish saw his compensation package dip slightly in 2023 to $31.3 million from $32 million in the prior year. He was by far the top-paid member of the senior management team, with the next-best-compensated being CFO Naveen Chopra, with a total package worth $8 million.
Bakish saw a $3.1 million base salary, stock awards worth $15.5 million and a cash incentive bonus of $12.4 million plus another $200+k for a total of $31.26 million.
Paramount is currently in an exclusive 30-day exclusive negotiating window with David Ellison’s Skydance Media for a deal that is...
Shareholders will vote on directors and other matters at the meet, which Paramount has set for June 4.
The proxy statement, which also lists the salaries of a company’s top five highest paid executives, said CEO Bob Bakish saw his compensation package dip slightly in 2023 to $31.3 million from $32 million in the prior year. He was by far the top-paid member of the senior management team, with the next-best-compensated being CFO Naveen Chopra, with a total package worth $8 million.
Bakish saw a $3.1 million base salary, stock awards worth $15.5 million and a cash incentive bonus of $12.4 million plus another $200+k for a total of $31.26 million.
Paramount is currently in an exclusive 30-day exclusive negotiating window with David Ellison’s Skydance Media for a deal that is...
- 4/11/2024
- by Jill Goldsmith and Dade Hayes
- Deadline Film + TV
Will Paramount Global end up looking for a new dance partner, or will David Ellison’s Skydance Media get to clinch a deal and celebrate with a victory dance? Hollywood and Wall Street insiders alike are wondering about questions like these as the future of Shari Redstone’s media and entertainment empire hangs in the balance.
After all, Skydance remains in an exclusive period until early May to possibly finalize a two-step deal to acquire Paramount Global and its controlling shareholder National Amusements (Nai), led by Paramount non-executive chair Shari Redstone. According to a CNBC report, citing sources, Skydance will meet with Paramount management and start its due diligence process next week.
The structure of the proposed transaction has caused concern among some investors, though; they worry that a deal would benefit Redstone but dilute non-voting shareholders of Paramount. The company’s stock closed at $11.97 last Friday but has fallen around 10 percent since then.
After all, Skydance remains in an exclusive period until early May to possibly finalize a two-step deal to acquire Paramount Global and its controlling shareholder National Amusements (Nai), led by Paramount non-executive chair Shari Redstone. According to a CNBC report, citing sources, Skydance will meet with Paramount management and start its due diligence process next week.
The structure of the proposed transaction has caused concern among some investors, though; they worry that a deal would benefit Redstone but dilute non-voting shareholders of Paramount. The company’s stock closed at $11.97 last Friday but has fallen around 10 percent since then.
- 4/11/2024
- by Georg Szalai
- The Hollywood Reporter - Movie News
Telly, a startup led by a co-founder of Pluto TV, is taking a novel tack in promoting its dual-screen smart TV sets.
After emerging from a 24-month stealth period, the company says it will offer its first 500,000 mass-produced models for free to consumers when they start shipping this summer. Ilya Pozin, founder and CEO of Telly, told Deadline in an interview that the 55-inch sets, which have 4K Hdr picture quality and a built-in premium sound bar, would retail for more than $1,000.
Telly says it is bringing to market the first dual-screen smart TV. Below the main panel, a smaller screen is a conduit for sports scores, news, weather, display ads and other supplemental information. The bottom screen can also go dark, for example when a movie is playing on the bigger screen.
The free giveaway is an effort to upend the prevailing business model in streaming and have advertising...
After emerging from a 24-month stealth period, the company says it will offer its first 500,000 mass-produced models for free to consumers when they start shipping this summer. Ilya Pozin, founder and CEO of Telly, told Deadline in an interview that the 55-inch sets, which have 4K Hdr picture quality and a built-in premium sound bar, would retail for more than $1,000.
Telly says it is bringing to market the first dual-screen smart TV. Below the main panel, a smaller screen is a conduit for sports scores, news, weather, display ads and other supplemental information. The bottom screen can also go dark, for example when a movie is playing on the bigger screen.
The free giveaway is an effort to upend the prevailing business model in streaming and have advertising...
- 5/15/2023
- by Dade Hayes
- Deadline Film + TV
Does Disney need Hulu? Does Comcast want Hulu? Can the two sector giants strike a win-win deal for Hulu? Those are just some of the questions swirling around Wall Street these days. But don’t expect clear answers in Philadelphia, home of Comcast, or Burbank, home to Disney, right now. After all, it’s complicated, and there is no immediate deal deadline pressure … yet.
Disney CEO Bob Iger has signaled that he wants to refocus the Mouse House on its beloved content brands from Pixar and Marvel to Lucasfilm, including family and kids fare. Asked on CNBC on Feb. 9 what that means for Hulu, he said: “Everything is on the table right now, so I am not going to speculate whether we are a buyer or a seller of it. But I obviously have suggested that I’m concerned about undifferentiated general entertainment, particularly in the competitive landscape that we are operating in,...
Disney CEO Bob Iger has signaled that he wants to refocus the Mouse House on its beloved content brands from Pixar and Marvel to Lucasfilm, including family and kids fare. Asked on CNBC on Feb. 9 what that means for Hulu, he said: “Everything is on the table right now, so I am not going to speculate whether we are a buyer or a seller of it. But I obviously have suggested that I’m concerned about undifferentiated general entertainment, particularly in the competitive landscape that we are operating in,...
- 2/10/2023
- by Georg Szalai
- The Hollywood Reporter - Movie News
“Mark it down. March 18, 2021 is the day the multichannel TV bundle died.” LightShed Partners analyst Richard Greenfield didn’t hold back in his Friday report about the new slate of NFL rights deals unveiled on Thursday with Walt Disney/ESPN, Comcast’s NBCUniversal, Fox Corp., ViacomCBS and Amazon, which includes increased streaming options.
“Sure the bundle will be around for many years to come, but the future trajectory is now clearer than ever and the proverbial ‘floor’ on multichannel video subscribers is far lower than we predicted,” Greenfield wrote in the note entitled “The ...
“Sure the bundle will be around for many years to come, but the future trajectory is now clearer than ever and the proverbial ‘floor’ on multichannel video subscribers is far lower than we predicted,” Greenfield wrote in the note entitled “The ...
- 3/19/2021
- The Hollywood Reporter - Film + TV
“Mark it down. March 18, 2021 is the day the multichannel TV bundle died.” LightShed Partners analyst Richard Greenfield didn’t hold back in his Friday report about the new slate of NFL rights deals unveiled on Thursday with Walt Disney/ESPN, Comcast’s NBCUniversal, Fox Corp., ViacomCBS and Amazon, which includes increased streaming options.
“Sure the bundle will be around for many years to come, but the future trajectory is now clearer than ever and the proverbial ‘floor’ on multichannel video subscribers is far lower than we predicted,” Greenfield wrote in the note entitled “The ...
“Sure the bundle will be around for many years to come, but the future trajectory is now clearer than ever and the proverbial ‘floor’ on multichannel video subscribers is far lower than we predicted,” Greenfield wrote in the note entitled “The ...
- 3/19/2021
- The Hollywood Reporter - Movie News
Media stocks were smacked Thursday as the NBA’s suspended rest of season focused investors on a potential ad slump and accelerated cord cutting with trading halted temporarily for the second time this week as the market plunged.
“The only reason to have a multichannel video bundle is literally disappearing, at least temporarily,” said analyst Richard Greenfield of LightShed Partners.
More from DeadlineRyan Murphy's 'The Prom' Film Shuts Down Production Over Coronavirus ConcernsNHL Advising No Team Practices, Meetings Amid Coronavirus Concerns After NBA Halts Season - UpdateCoronavirus: Disney Pulls Up Red Carpet For 'Mulan' European Premiere
“While we do not expect consumers to rush to cut the cord immediately, a prolonged sports outage could lead to a meaningful acceleration in cord-cutting and will certainly negatively impact gross adds,” he said – particularly as “the most ambitious non-sports general entertainment content has migrated” to Ott services like Netflix, Amazon Prime Video, Hulu,...
“The only reason to have a multichannel video bundle is literally disappearing, at least temporarily,” said analyst Richard Greenfield of LightShed Partners.
More from DeadlineRyan Murphy's 'The Prom' Film Shuts Down Production Over Coronavirus ConcernsNHL Advising No Team Practices, Meetings Amid Coronavirus Concerns After NBA Halts Season - UpdateCoronavirus: Disney Pulls Up Red Carpet For 'Mulan' European Premiere
“While we do not expect consumers to rush to cut the cord immediately, a prolonged sports outage could lead to a meaningful acceleration in cord-cutting and will certainly negatively impact gross adds,” he said – particularly as “the most ambitious non-sports general entertainment content has migrated” to Ott services like Netflix, Amazon Prime Video, Hulu,...
- 3/12/2020
- by Jill Goldsmith
- Deadline Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.