End to Redstone family’s involvement in media group, which also owns CBS, Nickelodeon and the UK’s Channel 5
Business live – latest updates
Paramount Global, one of Hollywood’s best-known companies, has agreed to a merger with the independent film studio Skydance, in a deal that ends its links with the Redstone family.
The Paramount chair, Shari Redstone, whose father, Sumner, bought the company in 1994, has given the green light to the sale of the family’s controlling stake in the company behind classic films such as The Godfather, Titanic and Breakfast at Tiffany’s.
About Author
More Stories
EU agrees to increase flight delay times before passengers get compensation
High-rise, high expectations: is Casablanca’s finance hub a model for African development?
Kenya tells tea factories to cut ties with Rainforest Alliance due to costs