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Paramount Global, the media behemoth that counts CBS, Paramount Pictures and MTV among its portfolio, is set to become the “New Paramount” after merging with Skydance Media in a long-awaited deal that will also see Skydance acquire its parent company National Amusements. The merger means that David Ellison, head of Skydance and the son of Oracle co-founder Larry Ellison, will soon become New Paramount’s chairman and chief executive.
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The sides have made it official: David Ellison’s Skydance Media has set a deal with Paramount Global that calls for Ellison to become chairman and CEO of an enhanced Paramount while former NBCUniversal CEO Jeff Shell will take operational reins as president. “In 1987, my father, Sumner Redstone, acquired Viacom and began assembling and growing […]
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Candle Media, the fledging media company backed by private equity player Blackstone, is undergoing a restructure in order to cut costs. Founded in 2021 by former Disney executives Kevin Mayer and Tom Staggs, the venture made several splashy acquisitions – including Reese Witherspoon’s production label Hello Sunshine – at the offset. Flash forward three years, and free-spending […]
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The Australian screen industry is celebrating after the country’s Location Offset scheme was raised to 30%. The legislation, which was announced in May, was made law today and officially came into effect on July 1. It raises the rebate for TV and film productions shooting in the country from the previous 16.5% to 30% and will […]
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Fallback Studios, a new vertically integrated film production studio, will be opening in Dublin, Ohio in Q2 2025, marking a new era for the Midwest film industry, Stagerunner has learned. Located on a 15-acre campus, the $40 million project currently under construction encompasses 250,000 square feet of cutting-edge production space. Included at Fallback Studios are […]
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One of the worst kept secrets in Ireland’s film and TV sector has been official confirmed by the local industry body — that the second season of “Wednesday” is now shooting in the country. The hit Netflix show — produced by Amazon MGM Studios — became a smash hit in 2023, with season one (which […]
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NBCUniversal has confirmed that its new Jurassic World movie will film this year at its own Sky Studios Elstree in the UK. With a release date already set for July 2025, the expectation from our sources is that the blockbuster will begin filming this summer, though that hasn’t been confirmed by the studio. Stagerunner reported last […]
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Netflix co-CEO Ted Sarandos cut the ribbon on a major expansion of Netflix Studios Albuquerque and said the facility has racked up nearly $900 million in total investment in New Mexico production since 2019. The company launched the hub in 2018, marking its first purchase of a production studio complex. This one included eight sound stages on 28 acres with productions that […]
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Cirque du Soleil is getting into the TV and film business. The circus group is launching its own entertainment studio and has hired former CBS and WWE exec Susan Levison to run it. One of Cirque du Soleil Studio’s first projects is a feature film based on O, its water-themed production, with Ridley Scott and his Scott Free banner developing. […]
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On Tuesday night, IATSE posted the news on Facebook that it had reached a tentative deal on a new overarching contract with Hollywood’s major studios and streamers. In commenting on the welcome news that the threat of another Hollywood strike has receded, members seemed less focused on the specific terms of the pact and more on whether […]
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