The Latest Breaking News from Sumner Redstone

The proposed new deal, valued at $1.75 billion, involves Skydance acquiring National Amusements' 77% voting shares in Paramount.

The deal was on the verge of completion when National Amusements' lawyers sent an email to Paramount's special committee, announcing the termination of talks.

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

Shares rise 8% to $12.16

A journey through the enriching realm of business literature, where insights from industry leaders, management experts, and innovative thinkers await.

Redstone reportedly considers selling to the movie studio that made ‘Top Gun: Maverick’ in a move that could kick off a selling spree among legacy media companies.

Deal is a ‘decent possibility,’ analyst says

After a string of controversies and a split from longtime studio Paramount, Cruise was slipping out of favour with Hollywood. That was, until he suggested the character of a Diet Coke-guzzling terror of a movie producer for his friend Ben Stiller’s new film

After a string of controversies and a split from longtime studio Paramount, Cruise was slipping out of favour with Hollywood. That was, until he suggested the character of a Diet Coke-guzzling terror of a movie producer for his friend Ben Stiller’s new film

When Sumner Redstone and Rupert Murdoch were asked about their succession plans, both had joked they didn’t plan to die.

Just before the third season of the hit HBO television show Succession began, the show’s creator, Jesse Armstrong, was asked (again) what it was about real-life media tycoons Sumner Redstone and Rupert Murdoch that drove him to create a TV series about a fictional media family that bore some resemblances…