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Entertainment giant Paramount agrees to a merger with Skydance

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Entertainment giant Paramount agrees to a merger with Skydance

NEW YORK (AP) — Entertainment giant Paramount, which owns CBS and was behind blockbuster films such as “Top Gun” and “The Godfather” has agreed to merge with Skydance, the companies said.

The new combined company is valued at around $28 billion.

“Given the changes in the industry, we want to fortify Paramount for the future while ensuring that content remains king,” said Shari Redstone, chair of Paramount Global.

Redstone’s National Amusements owns more than three-quarters of Paramount’s Class A voting shares though the estate of her late father, Sumner Redstone, according to data firm FactSet. Shari Redstone had battled to keep control of the company.

Skydance, based in Santa Monica, California, has helped produce some major Paramount hits in recent years. Those include several Tom Cruise films including “Top Gun: Maverick” and installments of the “Mission Impossible” series.

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Skydance was founded in 2010 by David Ellison, son of billionaire Larry Ellison, the founder of the software company Oracle. It quickly formed a production partnership with Paramount that same year.

David Ellison will be chairman and chief executive officer of what’s being called New Paramount. The agreement still needs regulatory approval.

The on-again, off-again merger arrives at tumultuous time for Paramount, which in an annual shareholder meeting in early June laid out a restructuring plan that includes major cost cuts. The company also saw a leadership shakeup earlier this year.

Paramount has struggled in an evolving media landscape, particularly as its traditional cable business has declined. To capture today’s growing streaming audience, the company launched Paramount+ back in 2021, but losses and debts have still piled up over time.

Sumner Redstone used National Amusements, his family’s movie theater chain, to build a vast media empire that included CBS and Viacom, which have merged and separated a number of times over the years. Most recently, the companies re-joined forces in 2019, undoing the split consummated in 2006. The company, ViacomCBS, changed its name to Paramount Global in 2022.

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Under Sumner Redstone’s leadership, Viacom became one of the nation’s media titans, home to pay TV channels MTV and Comedy Central and movie studio Paramount Pictures.

Skydance wasn’t the only one to make a Paramount bid in recent months — Apollo Global Management and Sony Pictures also made competing offers. Late last year, Warner Bros. Discovery also made headlines for exploring a potential merger with Paramount. But by February, Warner had reportedly halted those talks.

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‘X-Men’ Star Famke Janssen Says Marvel ‘Made a Mistake’ By Not Asking Her to Return as Jean Grey in ‘Avengers: Doomsday’

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‘X-Men’ Star Famke Janssen Says Marvel ‘Made a Mistake’ By Not Asking Her to Return as Jean Grey in ‘Avengers: Doomsday’

Famke Janssen said during a recent conversation with Nerdtropolis at Spacecon 2026 that Marvel “made a mistake” by not bringing her back as Jean Grey for December’s “Avengers: Doomsday.”

“I am so bad at keeping secrets that I always say to everyone I’m the worst actor in the world. It’s all on my face. You right away will read it,” Janssen said. “I think they made a mistake, but hey, who am I? I’m just a little me who thinks that.”

Janssen first appeared as the telepath Jean Grey, aka Phoenix, in 2000’s “X-Men,” and then reprised the role for 2003’s “X2: X-Men United” and 2006’s “X-Men: The Last Stand.” She also briefly appeared as Grey in 2013’s “The Wolverine” and 2014’s “X-Men: Days of Future Past.”

Janssen’s absence from “Doomsday” is notable, considering Marvel is bringing back many of her “X-Men” co-stars for the film. Patrick Stewart (Charles Xavier), Ian McKellen (Magneto), James Marsden (Cyclops), Kelsey Grammer (Beast), Alan Cumming (Nightcrawler) and Rebecca Romijn (Mystique) are all set to return.

In an October 2025 interview with Entertainment Weekly, Janssen said in every interview she does, she’s asked about the future of Jean Grey in the MCU.

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“It’s interesting,” Janssen said. “I didn’t realize that was such a big part. Every interview I do, that will come up, and of everything I say, that is going to be the only thing that’s gonna be printed.”

“I should be flattered, I suppose, that this character has resonated with people,” she added. “It’s been so long, but it’s nice that people are still talking about her. I’m sure every single time there’s a new movie that they’re doing, like [is it] ‘Doomsday?’ … it’ll come up again.”

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Two-train crash leaves at least 1 dead, 89 injured as emergency crews rush to chaotic scene

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Two-train crash leaves at least 1 dead, 89 injured as emergency crews rush to chaotic scene

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Authorities are responding after two passenger trains crashed into each other Friday near Bedford, England, killing at least one person and injuring nearly 90 others.

The East of England Ambulance Service said it was called to a collision involving two trains at Elstow, near Bedford, at about 5:15 p.m. local time and quickly declared a “major incident.”

One person died at the scene, 11 people suffered very serious injuries, 22 were seriously injured and 56 people had minor injuries, officials said.

Bedford is roughly 60 miles north of London.

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2 TRAINS COLLIDE IN DENMARK, LEAVING 5 PEOPLE CRITICALLY INJURED

Two passenger trains collided Friday in the United Kingdom. (Fox News)

All the patients with the most serious injuries have been taken from the scene to hospital.

The ambulance service said it sent numerous resources to the scene, including more than 20 ambulances, specialist hazardous area response teams and six air ambulances.

MULTIPLE STABBED IN UK TRAIN ATTACK NEAR CAMBRIDGE AS POLICE ARREST 2 SUSPECTS

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Emergency crews were pictured working near the scene. (Fox News)

“Our thoughts are with everyone affected, and we thank all emergency service colleagues for their swift response,” the ambulance service wrote in a statement.

The Bedfordshire Fire and Rescue Service confirmed its crews were also responding.

“Please avoid the area,” fire officials wrote in a statement on X.

Sources told The Telegraph the train driver was on the phone with maintenance staff discussing a safety issue at the time of the crash.

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This is a developing story. Please check back for updates.

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Lebanese influencer organises World Cup event amid Israel’s attack on Leban

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Lebanese influencer organises World Cup event amid Israel’s attack on Leban
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As Israel’s war on Lebanon rages, hundreds gather in Rmeileh by Sidon Gate to watch the 2026 World Cup. Organised by influencer Bilal Haddad, the fan zone offers food trucks, shisha and family activities, giving people a rare chance to relax. Al Jazeera’s Justin Salhani went to check it out.

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