Hollywood Reporter: As Paramount Drama Kicks Into High Gear, Wall Street Tries to Make Sense of “Volatile” Stock

Story from Hollywood Reporter:

The board room and executive suite drama at Paramount Global escalated on Monday, with Bob Bakish leaving his role as CEO and a trio of executives taking over just days before an exclusive negotiating window for a sale to David Ellison’s SkyDance Media and partners closes.

Deadline: Avi Armoza Buys Back Armoza Formats From ITV Studios

Story from Deadline:

International TV veteran Avi Armoza has bought back his Tel Aviv formats company from ITV Studios.

Deadline: Warner Bros Discovery ANZ Networks Chief Leaving Amid Newshub Layoffs

Story from Deadline:

Glen Kyne is exiting his role as Senior Vice President and Head of Networks at Warner Bros. Discovery Australia and New Zealand (ANZ) on July 5.

Broadband TV News: International launch for TF1+ confirmed

Story from Broadband TV News:

TF1 has confirmed plans to extend its recently launched streaming service into additional markets.

Broadband TV News: SES to acquire Intelsat in €2.8 billion transaction

Story from Broadband TV News:

SES is to buy its satellite operator rival Intelsat ending months of speculation.

Broadband TV News: DAZN prepared to take legal action in DFL dispute

Broadband TV News:

DAZN is threatening legal action against Deutsche Fußball Liga (DFL), the governing body of the Bundesliga, over the allocation of rights for the 2025-26 to 2028-29 seasons.

Advanced Television: Viaplay renews F1 rights in Netherlands, Nordics

Story from Advanced Television:

Viaplay Group has renewed its rights to show Formula 1 in the Netherlands, Sweden, Finland, Denmark, Norway, and Iceland up to and including the 2029 season.

Deadline: Discovery Networks Dropped By Fubo, Which Had Already Parted Ways With WarnerMedia Networks Back In 2020

Story from Deadline:

Fubo, which has not carried nearly a dozen networks from the Warner side of Warner Bros. Discovery since 2020, added a batch of Discovery channels to the blacked-out list on Tuesday.

Deadline: On Epic Week For Paramount Global, Company Extends Carriage Talks With Charter

Story from Deadline:

Paramount Global, which is in the midst of corporate upheaval on a number of fronts, got a slight reprieve in one key area, extending carriage negotiations with Charter Communications.

Deadline: ProSiebenSat.1 Shareholders Narrowly Reject Plan To Split Up German TV Giant

Story from Deadline:

ProSiebenSat.1 Media’s shareholders have narrowly voted to reject a plan that would have seen the business split up.

Deadline: ‘Avengelyne’ Package To Warner Bros With Margot Robbie, Olivia Wilde, Simon Kinberg; ‘Poor Things’ Tony McNamara To Adapt ‘Deadpool’ Creator Rob Liefeld Comic Book

Story from Deadline:

Warner Bros is negotiating to close a seven-figure film-rights deal for Avengelyne — Deadpool creator Rob Liefeld’s signature comic book creation about an angel who fights the forces of evil.

Deadline: MGM+ Joining Prime Video Channels In India

Story from Deadline:

More collaboration between Amazon’s content operations here: Prime Video and MGM International have teamed to launch the MGM+ streaming service in India.

Deadline: Inga Leschek Named RTL Deutschland Content Chief

Story from Deadline:

Inga Leschek is the new Chief Content Officer at RTL Deutschland.

Deadline: NBA Rights Chase Will Reportedly Draw Hefty NBCUniversal Bid, With Amazon Looking To Lock League’s First National Streaming Deal

Story from Deadline:

The NBA‘s new round of rights negotiations has reportedly lured NBCUniversal back to the league after an absence of more than two decades.

Deadline: Shari Redstone, Newly Elevated Execs Address Paramount Staff Following Bob Bakish’s Exit, Talk “Stability” & “Challenging Days” Ahead

Story from Deadline:

After trying to reassure Wall Street with their brief opening remarks at the Paramount Global earnings call, the trio of executives named to the newly formed Office of the CEO looked to do the same with the company’s employees rattled by the sudden ouster of longtime CEO Bob Bakish amid sale negotiations with Skydance.

Deadline: After Bob Bakish Exit From Paramount, Trio Of Senior Exec Successors Look To Reassure Wall Street, Teasing A New Strategic Plan For The Ailing Media Giant

Story from Deadline:

George Cheeks, Brian Robbins and Chris McCarthy, the Paramount Global executives chosen to occupy the Office of the CEO as a replacement for the departing Bob Bakish, sought to reassure Wall Street on Monday that they have a plan.

Deadline: Paramount Global Sees Ad Boost From Super Bowl, Paramount+ Passes 71 Million Subs In Q1, ‘Mean Girls’ & ‘Bob Marley’ Buoy Studio

Story from Deadline:

Paramount has just unleashed its first quarter financials and they look pretty promising, although all eyes are on the shakeup in the C-suite.

Deadline: Tahra Grant Promoted To Sony Pictures Entertainment EVP, Chief Communications Officer

Story from Deadline:

Sony’s SVP of Corporate Communications for the Motion Picture Group, Tahra Grant, has been upped to EVP, Chief Communcations Officer for Sony Pictures Entertainment.

Deadline; It’s Official: Bob Bakish Is Out At Paramount Global, Trio Of Division Heads Form New Office Of The CEO

Story from Deadline:

Paramount Global’s CEO Bob Bakish is out. The executive who has been a presence at several iterations of the company since 1997 will exit, effective immediately.

Deadline: Peacock Raising Prices By $2 A Month This Summer, Its Second Hike In Two Years

Story from Deadline:

NBCUniversal is hiking the price of Peacock for the second time in two years, tacking $2 onto the cost of the streaming service this summer, around the time of the Paris Olympics.