Private equity firm Apollo offers to buy Paramount Film and TV studios for $11 billion – TrekMovie.com

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By journalsofus.com


The discussion of all or part of Paramount Global’s sale took a big step today and it could have a big impact on Star Trek. Earlier this year, it was reported that private equity firm Apollo Global had expressed interest in Paramount Global, and today the Wall Street Journal is reporting that they have made a formal bid, but not for all of Paramount Global.

$11 billion for studios

According to a WSJ report, Apollo Global Management has made a bid of $11 billion for Paramount Global’s film and TV studios. Although it did not get into specifics, it would likely include all of Paramount Global’s production studios, including Paramount Pictures, which produces the Star Trek feature films, and CBS Studios, which produces the Star Trek television shows and produces the Star Trek television shows. formally hold the rights to Star Trek.

An $11 billion bid would require a premium, as it exceeds the $9 billion market value for Paramount Global, but it would likely include all intellectual property owned by those studios. Apollo apparently has no interest in the CBS broadcast networks, cable channels (such as MTV and Comedy Central), or streaming services (Pluto and Paramount Plus).

Gate of Paramount Pictures Studios in Hollywood

Apollo Global is a massive private equity firm with over 1/2 trillion dollars in assets. The company specializes in “alternative assets”, which often involve distressed companies. It has a record of turning around companies, such as when it bought Hostess out of bankruptcy in 2013, turned the company around and later sold it for a big profit. It currently has several media holdings, including Cox Media Group and a minority stake in hit producer Legendary Entertainment. dune Movies.

Paramount Global stock jumped nearly 12% today with news of the Apollo bid, which is being seen as a good deal for investors. According to the Wall Street Journal, a special committee is assessing various potential deals for Paramount Global’s board. One of them is David Ellison’s reported bid to merge the Skydance production company with Paramount, but that deal would be structured very differently, through Shari Redstone buying out National Amusements and therefore giving her a controlling interest in Paramount Global. will receive.

Many questions remain for Star Trek

At this point, many details about Apollo’s bid and the likelihood of its approval by the board are still unclear. Any of these major deals for all or part of Paramount Global could take more than a year to finalize.

Regardless, any deal will likely impact the future of the Star Trek franchise and certainly Paramount Plus, which is the current home of (almost all) of the new original Star Trek television shows. If Paramount Plus remains in existence (or possibly forms a recently proposed joint venture with Comcast), the streaming service could continue to license Star Trek content, including new seasons and ongoing series. Or Apollo-owned Paramount Studios could potentially license new and old Star Trek television series to other streamers or networks. And it is also possible that both can happen. But again, these effects may not be felt for years.

TrekMovie will continue to monitor business news that may impact Star Trek and do its best to keep fans updated.


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