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Apollo along with many of Private Equity Firms looking to buy Paramount owner National Amusments

secondchoice said:
Do they make more off of the streaming than the traditional OTA?
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Disney owns HULU so they benefit. I think it's more a matter of going where the audience is. The majority of people don't watch OTA TV via a roof antenna. Those who receive it via cable are cutting the cord. So how does ABC make their programming available when the platforms people use are changing? Radio is in the same boat. People aren't buying new radios. They get their content online. So radio goes where the audience is.
secondchoice said:
Where has the business for Paramount gone?
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Netflix
 
secondchoice said:
ABC OTA keep on promoting HULU as where to watch their programs. Same with Paramount.
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Those are paid spots in spite of being with the same company.
secondchoice said:
Do they make more off of the streaming than the traditional OTA? Usually barring macro economics messing and entire industry, usually if one company falters, some other company (s) gain it's business. Where has the business for Paramount gone?
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Netflix is the only profitable streaming service to date. Everyone else is trying to push a big rock of continued financial losses up a big hill. Although, to be fair, streaming is up 26% over three years ago, so there is slow growth.
 
secondchoice said:
ABC OTA keep on promoting HULU as where to watch their programs. Same with Paramount.
Do they make more off of the streaming than the traditional OTA? Usually barring macro economics messing and entire industry, usually if one company falters, some other company (s) gain it's business. Where has the business for Paramount gone?
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Hulu On Demand doesnt have a capability to stream their local ABC station unlike the more expensive Hulu+Live TV package. Only Paramount+ and Peacock (both SVOD apps) have a capability to stream the local affiliates respectively with CBS and NBC (neither of them dont a YouTubeTV like of a pay tv service unlike Hulu).
 
Kelly A said:
Netflix is the only profitable streaming service to date.
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Thats translates to monopolistic saying just to keep them undeclineable and being touched by antitrust regulators plus your ignoring the fact that Amazon, Apple and Google are much bigger in market caps even if they operate their streamers as loss-leaders and subsidized by other divisions. I'm predict the the term "only" will be an antitrust concern. Large undeclinable market shares are not good for competition.
 
Kelly A said:
Those are paid spots in spite of being with the same company.

Netflix is the only profitable streaming service to date. Everyone else is trying to push a big rock of continued financial losses up a big hill. Although, to be fair, streaming is up 26% over three years ago, so there is slow growth.
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I'd say that Amazon Prime, within which the streaming is inseparable, is profitable overall. Their research must indicate that the "value added" of having a lot of video content along with free deliveries and the like are a good value to people.
 
DavidEduardo said:
I'd say that Amazon Prime, within which the streaming is inseparable, is profitable overall. Their research must indicate that the "value added" of having a lot of video content along with free deliveries and the like are a good value to people.
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Theyre a loss leader subsidizing with shipping, devices, cloud, Twitch, Whole Foods, etc. Same as Apple, they give away 3 months of either AppleTV+, Apple Music, and/or Apple Arcade when u buy a new Apple device. Google makes money in advertising but all 3 are vertically intergrated since they didnt care about operating streamers at a loss because they subsidized with their core profits (respectively devices, e-commerce, and advertising).
 
TheBigA said:
Disney owns HULU so they benefit. I think it's more a matter of going where the audience is. The majority of people don't watch OTA TV via a roof antenna. Those who receive it via cable are cutting the cord. So how does ABC make their programming available when the platforms people use are changing? Radio is in the same boat. People aren't buying new radios. They get their content online. So radio goes where the audience is.

Netflix
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So basically the advertisement supported TV model (except sports) isn't doing that well.
 

Edgar Bronfman Jr. and Bain Capital are named as candidates to get Paramount if this is to be approved.

It is unclear what Bronfman's interest might mean for the leading bidder for Paramount, independent studio Skydance Media, which has structured a complex $8 billion deal to gain control of the larger studio, through the purchase of National Amusements, and subsequently merge with Paramount.
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Bronfman is looking to offer between $2 billion and $2.5 billion for National Amusements, the private company that holds the Redstone family's controlling interest in Paramount, the source said. Bain would provide the financing as a fund investment, said the source, adding that neither party has performed due diligence.
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The Wall Street Journal was first to report Bronfman's interest. National Amusements and Bain Capital declined to comment. Bronfman did not respond to requests for comment.
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variety.com

Paramount M&A Saga Continues: Edgar Bronfman Jr., Bain Capital Mulling up to $2.5 Billion Bid for Shari Redstone’s National Amusements

Edgar Bronfman is teaming with Bain Capital on a potential offer of up to $2.5 billion for National Amusements, Paramount's controlling shareholder.
variety.com variety.com

Edgar Bronfman Jr is the former CEO of Warner Music Group, Seagram and the Chairman of Fubo TV.

Bronfman was chairman and CEO of Warner Music Group from 2004-12, stepping down after it was acquired by Len Blavatnik’s Access Industries. Before WMG, he was CEO of Seagram before he sold that business to Vivendi. Currently Bronfman serves as executive chairman of Fubo, the sports-focused streaming pay-TV provider, and executive chairman of Global Thermostat LLC, a company designed to develop and commercialize a technology for the direct capture of carbon dioxide.
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Y2kTheNewOldies said:
Edgar Bronfman Jr is the former CEO of Warner Music Group, Seagram and the Chairman of Fubo TV.
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Bronfman is a tragic story in business. He inherited the House of Seagram. It was his family's business. He could have done nothing but collect millions of dollars from people buying Crown Royal for the rest of his life. Instead, he wanted to be in entertainment. So he used his Seagram money to buy his way into entertainment by buying Warner Music. This is a similar story. He has no ideas, no creativity, just wants to have an all-access pass to hang out with celebrities.

This is what I meant when I said the vultures are about to swarm in.
 
Wait isnt Fubo suing Disney, Fox, and WBD over the new Venu app? I would be surprising if Fubo becomes part of Paramount Global (CBS Sports, Paramount+, Pluto) competing against 2 Disney backed vMVPDs both Hulu and Venu.
 
thedesk.net

Skydance reaches tentative deal to acquire Paramount for $1.75 billion

The deal would involve a purchase of National Amusements, then an immediate merger with the famed movie studio.
thedesk.net thedesk.net

Here is an update on the proposed Skydance deal with Paramount.

That issue now appears to be resolved, with Skydance willing to pay $1.75 billion to buy National Amusements from Redstone. Subject to the approval of a special committee at Paramount, Skydance would then merge with the entertainment juggernaut through an all-stock transaction.

The structure of the deal resembles one that Skydance and Redstone were exploring earlier this year, though one that is no longer conditioned upon approval from Paramount’s other shareholders.


Less clear is what Paramount properties will be included in the transaction. Earlier this week, Bloomberg reported Paramount was entertaining an offer to sell BET Media to BET CEO Scott Mills and private equity head Chinh Chu for between $1.6 billion and $1.7 billion. That transaction would include the BET and VH1 cable channels, as well as Paramount’s stake in BET Plus, a streaming service it operates through a joint venture with comedian Tyler Perry.
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Y2kTheNewOldies said:
Here is an update on the proposed Skydance deal with Paramount.
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The article also mentions this:

nypost.com

Paramount mulls $1.7B offer to sell BET to its CEO and NYC private equity firm: report

Scott Mills is teaming up with Chinh Chu, the head of CC Capital, in a bid for BET, according to Bloomberg News.
nypost.com nypost.com

Just a year ago, they turned down $2 billion for BET. So now, it seems they'll sell off the parts of the company, before selling the studio to Skydance.

So now who buys CBS, since Skydance doesn't want it?
 
TheBigA said:
The article also mentions this:

nypost.com

Paramount mulls $1.7B offer to sell BET to its CEO and NYC private equity firm: report

Scott Mills is teaming up with Chinh Chu, the head of CC Capital, in a bid for BET, according to Bloomberg News.
nypost.com nypost.com

Just a year ago, they turned down $2 billion for BET. So now, it seems they'll sell off the parts of the company, before selling the studio to Skydance.

So now who buys CBS, since Skydance doesn't want it?
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Where does it say they don't want CBS?
 
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