Paramount and Skydance: 'The Redstone Era Needed an Ending'
The long, twisting saga of how Shari Redstone finally sold control of Paramount—after a failed bid, a special committee fight, a rival bidder, and one of the most difficult family succession stories in American media.
"The question was never whether Paramount would be sold. It was whether the family that built it could let go with their dignity intact." For decades, Sumner Redstone's National Amusements controlled Paramount Global through a dual-class share structure. After Sumner's death, control passed to his daughter Shari, who spent years managing a battle for the future of one of Hollywood's oldest studios. In 2024, she finally sold controlling interest to David Ellison's Skydance for $8 billion—after a failed bid, a special committee standoff, and a rival offer from Apollo.
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- The first deal collapses
- Reviving the Skydance deal
- The handover