Skydance Media CEO David Ellison sent out a memorandum to workers Tuesday informing all of them “that chapter” of looking for a prospective merging along with Paramount has “ended.” The notification adheres to Shari Redstone bowing out a package that would certainly possess viewed Skydance eventually combine along withParamount Redstone’s selection finished monthslong talks in between the firms.
“As you all know, for the last several months we have been actively exploring a transaction to acquire NAI and merge with Paramount Global, and today that chapter ended,” Ellison started the memorandum to Skydance staff members.
He continued to move the Skydance crew and also complimented their latest job, creating, “While I was focused on this effort, you all doubled down on Skydance. In just a short time since we went back to work after a historic two guild strike, you have delivered more TV product in our company’s history, hit video game franchises, Emmy-winning sports content, and a feature film slate that is our industry’s finest. For all of this and more, I thank you.”
“Skydance is stronger than ever because of you, and we are stronger because of this process,” the manager included, prior to saying just how the method has assistedSkydance “For starters, we are smarter. We know more about our business, our potential, and the marketplace at large. We are more confident than ever — not just about Skydance but about the future of entertainment and our ability to continue building a next generation content company on our terms, with the greatest capital, creative and technological resources and talent in the industry. The bottom line: our future is incredibly bright and tomorrow we will keep building to make it even better.”
Ellison seemed to be to show some remorse concerning the package relatively certainly not converging along with the workshop Skydance has long been actually linked with. “Paramount will always hold a special place for me, we had our first slate deal with the studio and continue to co-own several marquee franchises together. I have great respect for the legacy of Paramount, value our ongoing partnership and wish them the best.”
The Skydance CEO shut, “Finally, again, I want to thank each of you for your patience and support as we chart the next phase of Skydance. We have a lot to look forward to.”
