Tag: peliculas

While Paramount continues its discussions to merge with another media company, Skydance, a new interested party has emerged. And it’s not Warner, who abandoned the agreement months ago.

Sony Pictures Entertainment and Apollo Global Management, an investment firm, have been in talks to join forces in a joint bid to acquire Paramount, as explained in The New York Times.

The two companies have not yet made an official offer, as Paramount is still in exclusive talks with Skydance. But the potential deal with Skydance has generated a strong negative reaction among investors.

Sony Pictures Entertainment and Apollo Global Management, an investment firm, have been in discussions about teaming up for a joint bid to acquire Paramount, people familiar with the situation said Thursday. https://t.co/qN86H4y7Va

— The New York Times (@nytimes) April 18, 2024

What would Apollo and Sony get from a supposed purchase of Paramount?

Apollo had already proposed to Paramount the purchase of the company for at least 26 billion dollars, including debt. But Paramount’s board of directors continued with their more advanced discussions with Skydance, due to doubts about Apollo’s financing.

A joint offer with Sony would almost certainly alleviate those concerns, adding operational expertise and additional capital to Apollo’s already significant arsenal.

Tony Vinciquerra, CEO of Sony Pictures Entertainment, has held discussions over the past week with Apollo about the possibility of presenting a joint offer, according to the people cited. The offer would consist of a cash purchase of Paramount’s shares, resulting in the privatization of the company through a joint venture.

The terms of the joint offer are still being negotiated. If Sony is successful in its bid, it is very likely to incorporate Paramount studio as a label within its own media empire, merging the studio’s marketing and distribution arm with its own.

It remains to be seen how CBS, one of Paramount’s crown jewels, would fit into the combined company alongside Paramount’s fading cable channels.

National Amusements, the company that controls Paramount, has already signed a potential agreement with Skydance. National Amusements is controlled by Shari Redstone, who has appointed a special committee of independent advisors to evaluate Skydance’s offer. Since Skydance’s proposal would give cash to Ms. Redstone and shares of Paramount shareholders in a new company, several investors have opposed it.

Unlike Skydance, Sony and Apollo would not attempt to buy National Amusements

The Skydance agreement for Paramount would bring expertise to Paramount, including technology and animation knowledge from Mr. Ellison’s management team, which includes John Lasseter, a former Pixar executive. The plan includes operational efficiencies and Skydance improving Paramount’s streaming capabilities.

The merger of Paramount and Sony would create a media giant that would bring together a collection of television channels and film studios under the same corporate umbrella. That is why there are many people paying close attention to this move, which could be one of the most important of recent decades.

Kung Fu Panda 4, the fourth installment of Po’s journey, was released last month, on March 8th. Now it is approaching a major box office milestone while breaking the record of another film in the franchise. We are going to explain how it is doing in cinemas around the world. By the way, you can find the movies on SkyShowtime.

According to Collider, Kung Fu Panda has demonstrated its staying power at the box office as it approaches a major milestone in global box office. At the time of writing, Kung Fu Panda 4 has grossed $347 million worldwide, and is expected to surpass the $350 million mark in the coming days.

For those wondering what milestone Kung Fu Panda 4 has achieved, it is none other than surpassing the previous installment of the franchise, Kung Fu Panda 3, at the American box office. Kung Fu Panda 4 has already grossed $151 million in the country, compared to the $143 million of Kung Fu Panda 3.

Good numbers, but worse than previous franchise ones

Despite the mixed reviews, Kung Fu Panda 4 has delivered a solid box office performance so far. During its opening weekend, Kung Fu Panda 4 debuted at number 1 at the box office. This feat was particularly impressive considering it was competing with Dune: Part 2 (which has grossed over $626 million worldwide).

Kung Fu Panda 4 has also had to fight against big releases like Ghostbusters: The Frozen Empire and the latest from the monsterverse: Godzilla vs Kong.

But let’s not fool ourselves, Kung Fu Panda 4 is still the least successful installment of the Kung Fu Panda franchise to date in terms of worldwide box office.

Kung Fu Panda grossed $632 million, Kung Fu Panda 2 grossed $665 million, and Kung Fu Panda 3 grossed $521 million. Although Kung Fu Panda 4 is still in theaters and therefore has time to surpass another Kung Fu Panda movie, it seems unlikely to achieve it, as it would need almost $200 million more to surpass Kung Fu Panda 3.

In any case, Kung Fu Panda 4 can be proud of how far it has come in national and worldwide box offices. An animated film that surpasses 300 million dollars is a great success.