Skydance is Paramount’s Final Chance
Now, why do I say this?
Well, basically currently Paramount’s in major trouble. The studio is cranking out one hit and multiple misses, the Cable networks are declining hard, Paramount+ is not doing well in the slightest, and CBS is basically carrying the company. The company is in a dire situation.
And then Sony and Apollo became interested, then Warner Bros. Discovery. Suddenly Paramount was put in a position where they were at huge risk of being eaten by bigger fishes in the sea. Skydance then made an offer fueled by firms. Paramount took the offer. Even though Skydance is a much smaller company, and they don’t even want the MTV Networks.
The merger is basically in favor of Skydance, with Ellison taking over as CEO post-merger. Paramount took a deal, mainly out of need to NOT get eaten by other bigger companies, and this poses a lot of risk and pressure on The Ellisons. They NEED to find some way to turn the company around and save it. Skydance is Paramount’s final opportunity to well, stay alive in this new age.
If Skydance fails, Paramount will be possibly put in an even worse situation as it’s likely the companies that were interested earlier will come running back, along with possibly more.
WBD, Sony, Apollo, that random firm that just made an offer, they will likely come running back with Claws and Jaws. Heck, if they want, Comcast and come in and make an offer for that sweet IP, even Mickey Mouse might want a taste.
To put it short, if Skydance fails, Paramount would get brutally ripped apart for assets by every big company who wants the IP and Brands attached to the company, in a sense, Paramount is just Viacom 2.0 but with CBS, struggling, small, but has enough valuable IP to make big companies go wow.
In short, Paramount needs Skydance, more than Skydance needs Paramount.