In recent times, Paramount is now the poster youngster of a traditional media business that's been limping alongside from the shadows with the streaming big Netflix and tech businesses like Amazon, that have a lot of cash to spend on their media bets.
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Even so the Skydance deal arrived back again very last week, with Skydance improving upon its offer for Ms. Redstone’s stake and supplying firmer protections from litigation.
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Nevertheless Mr. Ellison hasn’t spoken publicly about his designs for Paramount, he has briefed its board on his intentions, two individuals familiar with the issue mentioned.
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