Hollywood giant Paramount Global braces for new era as bidders circle

Chair Shari Redstone weighs future of media empire behind Paramount Pictures, CBS and UK’s Channel 5

For more than a century, Paramount Pictures has stood tall at the heart of Hollywood as it churned out hundreds of movies, from Sunset Boulevard to Titanic. But the storied studio’s future, rather than its past, is currently the talk of the town.

Paramount – founded when films were silent and confined to theaters – is fighting, just like its rivals, to adapt to an age where streaming reigns supreme. And as the billionaire media mogul behind it seeks a blockbuster deal, the production giant could soon enter a whole new era of its own.

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