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    Paramount Global is for sale. Who’s buying and how did we get here?

    by Christi Carras, Meg James, Los Angeles Times Feb 02, 2024 6 minutes
    The Melrose Gate of Paramount Pictures Studio in Hollywood.

    A for-sale sign has appeared on the lawn of Paramount Global, home of one of the most storied movie studios in Hollywood, popular television network CBS, and several other legacy brands and franchises.

    Since last summer, multiple entertainment companies — including Skydance Media’s David Ellison and Warner Bros. Discovery — have been eyeing the media empire long controlled by the Redstone family through its National Amusements Inc. holding company. Rumblings of their movements have sparked fervent speculation about who might seal the deal and what yet another corporate merger could mean for the future of Paramount and the consolidating entertainment industry.

    “Given the disruption going on within the ... domestic box office and the industry overall, it’s almost too early to call what the true ramifications of one less studio would be,” said Robert Fishman, a research analyst at MoffettNathanson. “But it would clearly not help in terms of getting back to the peak levels that we saw pre-COVID.”

    The Paramount

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