Lifestyle
Paramount and Skydance are merging — here are 3 questions we have about the deal
The Paramount logo is displayed at Columbia Square along Sunset Boulevard in Hollywood, Calif. on March 9, 2023.
Patrick T. Fallon/AFP via Getty Images
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Patrick T. Fallon/AFP via Getty Images
There may be no more giddily optimistic time in media than the moment after a big deal is announced.
In the case of the $8.4 billion agreement that would bring in new owners to run Paramount Global, there are a lot of hopes and dreams riding on incoming CEO David Ellison and how he might reshape a media company which includes everything from Paramount Studios and the CBS broadcast network, to cable channels like MTV and BET and the Paramount+ streaming service.
Film lovers dream that if the new company goes forward, it will maintain Paramount as an independent brand, combining Ellison’s Skydance Media with a venerated film studio over 112 years old that’s based in the middle of Los Angeles (they also hope this means the company won’t largely be sold off for parts or swallowed by another huge business, like Sony).
Media insiders wonder if Ellison – backed by $6 billion from his family, including father and Oracle co-founder Larry Ellison – can leverage new technologies and Silicon Valley sensibilities to make the company more successful.
And keen observers of power in America hope that nepo baby-turned-mogul David Ellison will serve his family and the company better than previous owner (and fellow nepo baby) Shari Redstone, who inherited Paramount’s parent company National Amusements after the 2020 death of her father, Sumner Redstone. She proceeded to see it lose billions of dollars in value amid a changing media landscape, uncertain leadership and fitful sale negotiations.
Yeah, this may sound like a lot of media nerd nonsense – navel-gazing from an industry notorious for its self-obsession and myopic focus. But a successful rescue of Paramount can also point the way toward a shiny future for an increasingly uncertain media industry, where profits, product and audience are harder to come by. And failure could mean the company that is home to NCIS, Star Trek, MTV and Yellowstone might vanish into media history.
To succeed, Ellison and his backers must answer a load of pressing questions. Here are the ones which loom largest in my mind:
Can new owners really turn around a company that’s grounded in media businesses currently in serious decline?
One of Paramount Global’s biggest challenges is that it’s a media company packed with several businesses that are all struggling at once. Cable channels hobbled by cord cutting. A streaming service which isn’t expected to turn a profit until sometime next year. A broadcast network with an aging audience. A regional theater chain facing declines in moviegoing. And, as the global financial services company Moody’s noted in a recent statement, Paramount is merging with a smaller media company that doesn’t own or control much of its own intellectual property: Skydance Media.
Ellison and Jeff Shell, the former NBCUniversal CEO who would be president of the new company when the deal closes, told Wall Street analysts some of their ideas in a call Monday morning, saying Paramount+ would likely succeed as a part of an “ultimate bundle” of streaming services, with plans to completely rebuild the platform’s technology. When it came to their more traditional businesses, like cable TV channels, they talked of managing the decline while implementing $2 billion in cost savings.
But I think mid-level streaming services struggle because they have a tough time offering enough content to convince customers they should be prioritized above or alongside big players like Netflix and Disney+. Will redesigning the platform and getting wedged into a bundle next to bigger players really help distinguish their company?
How will the company be run until the deal closes … in 2025?
The purchase isn’t expected to close until sometime next year. Until then, Paramount Global will likely still be run by the group of three co-CEOs who currently guide the company. Which means a plan could still go forward that the CEOs announced last month, cutting $500 million in costs while exploring the sale of some assets. Black culture-focused cable channel BET has long been the subject of speculation that it might be sold to a mogul like Tyler Perry or Weather Channel owner Byron Allen, for instance.
Producer David Ellison attends the Royal Film Performance and UK Premiere of “Top Gun: Maverick” at Leicester Square on May 19, 2022 in London, England.
Eamonn M. McCormack/Getty Images for Paramount Pictures
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Eamonn M. McCormack/Getty Images for Paramount Pictures
Last month, online archives for MTV News, CMT news and Comedy Central, which were filled with decades of journalism on pop and country music, were pulled down without warning or explanation by the company. Will more surprise cutbacks surface over the next few months that limit or eliminate content?
In an odd way, it might make sense for Paramount to make more painful reductions now, before the new owners are officially in charge, so Ellison, Shell and their teams can take over outside the shadow of layoffs or serious cutbacks.
When Ellison and Co. take over, it will mean that yet another Hollywood studio will be dominated by Silicon Valley money, including MGM’s purchase by Amazon and the rise of major players like Apple TV+ and Netflix. Which leads to another big question: Will Paramount Global leverage the resources and innovation of the tech world to reinvent a major studio for the modern media moment, or have the forces which are hobbling the company progressed too far?
Will something else happen that could overturn the deal?
Federal regulators must weigh in. And there’s a 45 day window where Paramount’s board of directors could field another offer (though they would have to pay the Skydance group $400 million). Also, stockholders outside the Redstone family who feel shortchanged could file a lawsuit.
But in the rosy glow of a just-announced deal, all these challenges seem like rapidly shrinking images in the rearview mirror. A new brain trust has emerged, aimed at proving that a mid-level media company can survive in today’s times, as the daughter of one business titan hands the reins of her complicated company to the son of another.
Whether any of this adds up to a solution which can save Paramount while also helping cure what ails modern media on a larger scale, may be the biggest question of all.
Lifestyle
‘Hamnet’ star Jessie Buckley looks for the ‘shadowy bits’ of her characters
Jessie Buckley has been nominated for an Academy Award for best actress for her portrayal of William Shakespeare’s wife in Hamnet.
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Kate Green/Getty Images
Actor Jessie Buckley says she’s always been drawn to the “shadowy bits” of her characters — aspects that are disobedient, or “too much.” Perhaps that’s what led her to play Agnes, the wife of William Shakespeare, in Hamnet.
Buckley says the film, which is based on Maggie O’Farrell’s 2020 novel, offered a chance to counter a common narrative about the playwright’s wife: that she “had kept him back from his genius,” Buckley says.

But, she adds, “What Maggie O’Farrell so brilliantly did, not just with Agnes and Shakespeare’s wife, but also with Hamnet, their son, was to bring these people … and give them status beside this great man. … [And] give the full landscape of what it is to be a woman.”
The film is nominated for eight Academy Awards, including best actress for Buckley. In it, she plays a woman deeply connected to nature, who faces conflicts in her marriage, as well as the death of their son Hamnet.
Buckley found out she was pregnant a week after the film wrapped. She’s since given birth to her first child, a daughter.

“The thing that this story offered me, that brought me into this next chapter of my life as a mother was tenderness,” she says. “A mother’s tenderness is ferocious. To love, to birth is no joke. To be born is no joke. And the minute something’s born into the world, you’re always in the precipice of life and death. That’s our path. … I wanted to be a mother so much that that overrode the thought of being afraid of it.”
Jessie Buckley stars as Agnes and Joe Alwyn plays her brother Bartholomew in Hamnet.
Courtesy of Focus Features/Courtesy of Focus Features
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Courtesy of Focus Features/Courtesy of Focus Features
Interview highlights
On filming the scene where she howls in grief when her son dies
I didn’t know that that was going to happen or come out, it wasn’t in the script. I think really [director] Chloé [Zhao] asked all of us to dare to be as present as possible. Of course, leading up to it, you’re aware this scene is coming, but that scene doesn’t stand on its own. By the time I’d met that scene, I had developed such a deep bond with Jacobi Jupe, who plays Hamnet, and [co-stars] Paul [Mescal] and Emily Watson, and all the children and we really were a family. And Jacobi Jupe who plays Hamnet is such an incredible little actor and an incredible soul, and we really were a team. …

The death of a child is unfathomable. I don’t know where it begins and ends. Out of utter respect, I tried to touch an imaginary truth of it in our story as best I could, but there’s no way to define that kind of grief. I’m sure it’s different for so many people. And in that moment, all I had was my imagination but also this relationship that was right in front of me with this little boy and that’s what came out of that.
On what inspired her to pursue singing growing up
I grew up around a lot of music. My mom is a harpist and a singer and my dad has always been passionate about music, so it was always something in our house and always something that was encouraged. … Early on, I have very strong memories of seeing and hearing my mom sing in church and this quite intense mercurial conversation that would happen between her, the story and the people that would listen to her. And at the end of it, something had been cracked between them and these strangers would come up with tears in their eyes. And I guess I saw the power of storytelling through my mom’s singing at a very young age, and that was definitely something that made me think I want to do that.
On her first big break performing as a teen on the BBC singing competition I’d Do Anything — and being criticized by judges about her physical appearance
I was raw. I hadn’t trained. I had a lot to learn and to grow in. I was only 17. I think there was part of their criticism which I think was destructive and unfair when it became about my awkwardness, or they would say I was masculine and send me to kind of a femininity school. … They sent me to [the musical production of] Chicago to put heels on and a leotard and learn how to walk in high heels, which was pretty humiliating, to be honest, and I’m sad about that because I think I was discovering myself as a young woman in the world and wasn’t fully formed. … I was different. I was wild, I had a lot of feeling inside me. I could hardly keep my hands beside myself and I think to kind of criticize a body of a young woman at that time and to make her feel conscious of that was lazy and, I think, boring.
On filming parts of the 2026 film The Bride! while pregnant
I really loved working when I was pregnant. I thought it was a pretty wild experience, especially because I was playing Mary Shelley and I was talking about [this] monstrosity, and here I was with two heartbeats inside me. Becoming a mom and being pregnant did something, I think, for me. My experience of it, it’s so real that it really focuses [me to be] allergic to fake or to disconnection.
Since my daughter has come and I know what that connection is and the real feeling of being in a relationship with somebody … as an actress, it’s very exciting to recognize that in yourself and really take ownership of yourself.
I’m excited to go back and work on this other side of becoming a mother in so many ways, because I’ve shed 10 layers of skin by loving more and experiencing life in such a new way with my daughter. I’m also scared to work again because it’s hard to be a mother and to work. That’s like a constant tug because I love what I do and I’m passionate and I want to continue to grow and learn and fill those spaces that are yet to be filled — and also be a mother. And I think every mother can recognize that tug.
On the possibility of bringing her daughter to travel with her as she works
I haven’t filmed for nearly a year and I cannot wait. I’m hungry to create again. And my daughter will come with me. She’s seven months, so at the moment she can travel with us and it’s a beautiful life. And she meets all these amazing people and I have a feeling that she loves life and that’s a great thing to see in a child. And I hope that’s something that I’ve imparted to her in the short time that she’s been on this earth is that life is beautiful and great and complex and alive and there’s no part of you that needs to be less in your life. You might have to work it out, but it’s worth it.
Lauren Krenzel and Susan Nyakundi produced and edited this interview for broadcast. Bridget Bentz, Molly Seavy-Nesper and Beth Novey adapted it for the web.
Lifestyle
‘Evil Dead’ Star Bruce Campbell Reveals He Has Cancer
Bruce Campbell
I’m Battling Cancer
Published
Bruce Campbell has revealed he has cancer, but says it’s a type that’s treatable, though not curable.
“The Evil Dead” actor shared the news Monday in a message to fans, writing, “Hi folks, these days, when someone is having a health issue, it’s referred to as an ‘opportunity,’ so let’s go with that — I’m having one of those.” He continued, “It’s also called a type of cancer that’s ‘treatable’ not ‘curable.’ I apologize if that’s a shock — it was to me too.”
Campbell said he wouldn’t go into further detail about his diagnosis, but explained his work schedule will be changing. “Appearances and cons and work in general need to take back seat to treatment,” he wrote, adding he plans to focus on getting “as well as I possibly can over the summer.”
As a result, Campbell says he has to cancel several convention appearances this summer, noting, “Treatment needs and professional obligations don’t always go hand-in-hand.”
He says his plan is to tour this fall in support of his new film, “Ernie & Emma,” which he stars in and directs.
Ending on a determined note, Campbell told fans, “I am a tough old son-of-a-bitch … and I expect to be around a while.”
Lifestyle
‘Scream 7’ takes a weak stab at continuing the franchise : Pop Culture Happy Hour
Neve Campbell in Scream 7.
Paramount Pictures
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Paramount Pictures
The OG Scream Queen Neve Campbell returns. Scream 7 re-centers the franchise back on Sidney Prescott. She has a new life, a family, and lots of baggage. You know the drill: Someone dressing up as the masked slasher Ghostface comes for her, her family and friends. There’s lots of stabbing and murder and so many red herrings it’s practically a smorgasbord.
Follow Pop Culture Happy Hour on Letterboxd at letterboxd.com/nprpopculture
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