Dissecting Sony and Apollo’s Strategy to Dismantle Paramount
Shari Redstone’s Media Empire Faces Potential Breakup
Shari Redstone played a key role in the development of Paramount Global into a vast media conglomerate. However, recent reports suggest that Sony Pictures Entertainment and Apollo Global Management are considering acquiring the company with plans to dismantle it, as disclosed by sources familiar with the situation.
Proposed Breakup Plan
The proposed plan involves auctioning off assets such as the CBS broadcast network, cable channels like MTV, and the Paramount Plus streaming service. Paramount Pictures, known for iconic films like “The Godfather” and “Mission Impossible,” would merge with Sony’s existing business operations.
Sony and Apollo are also eyeing the retention of Paramount’s extensive library of films and TV shows, along with rights to popular characters like the Teenage Mutant Ninja Turtles and SpongeBob SquarePants. However, these plans have not been formally communicated to Paramount or its advisors.
Industry Impact
A pot
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Dissecting Sony and Apollo’s Strategy to Dismantle Paramount
WKNÖ/IV-NÖ: Rapidly expand energy infrastructure and ensure competitiveness!
– 2024-05-09 00:38:53
WKNÖ President Ecker and IV-NÖ President Ochsner: “Fair distribution of financing for network infrastructure expansion” – use expansion potential in Lower Austria too
St. Pölten (OTS) – A clear and future-oriented energy policy is crucial for Lower Austria as a business location. Against the background of competitiveness and the necessary restructuring of the energy industry, the expansion of generation plants and the network infrastructure must go hand in hand. “The competitiveness of our companies must be secured in the long term. In order to guarantee this, there needs to be a fair distribution of financing for the expansion of the network infrastructure in Austria,” emphasize Wolfgang Ecker, President of the Lower Austrian Chamber of Commerce (WKNÖ), and Kari Ochsner, President of the Lower Austrian Industrial Association (IV-NÖ), at a press conference on the energy infrastructure Lower Austria.
Ecker: New financing models for expansion are necessary
Ecker emphasizes how urgently it is necessary to clarify financing: “The APG (Austrian Power Grid) expects necessary investments of 9 billion euros for the transmission network alone.” The problem is even clearer when it comes to wind power expansion: “60 percent of the entire Austria-wide wind power expansion comes from Lower Austria. It cannot be the case that we manage more than half of the wind expansion and at the same time have to bear the high costs of grid expansion due to the current regulations. Pioneers in climate policy and renewable energies, such as Lower Austria, are therefore at a severe disadvantage,” emphasizes Ecker. “We must structure the fina
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WKNÖ/IV-NÖ: Rapidly expand energy infrastructure and ensure competitiveness! – 2024-05-09 00:38:53
Abi, the farewell of general director Sabatini after 15 years: he will teach at Cattolica
#Abi #farewell #general #director #Sabatini #years #teach #Cattolica
After 15 years Giovanni Sabatini leaves the general management of the Abi (Italian Banking Association). The executive committee of the association of Italian banks – we read in a note – today (Wednesday 8 May) unanimously approved the consensual termination of the employment relationship of the general director, Dr. Giovanni Sabatini, and expressed heartfelt thanks to him for his seriousness , commitment and competence in the activity carried out since 2009. The executive committee then entrusted Egon Zehnder with the task of searching for the most suitable profile for the replacement. He will need a figure capable of following and dealing with institutional moments, of dialogue but technically prepared, with a background to be found in banks or institutions.
In the meantime, he will be replaced by the deputy general director, Gianfranco Torriero. Sabatini, 65 years old, would have retired within a couple of years and worked at Abi for 15, after taking over from Giuseppe Zadra in 2009. «In Abi th
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Abi, the farewell of general director Sabatini after 15 years: he will teach at Cattolica
Japan’s support for Gamane victims
| The delivery of the rice shipment took place at the Pam food reserve in Tolagnaro. |
Japan handed over several bags of rice to the branch of the World Food Program (WFP) in its food reserve in Tolagnaro. This donation aims to support the activities of this organization in assisting victims of Cyclone Gamane and climate change.
At the bedside of the victims. Yesterday, Japan handed over a shipment of 1,662 tonnes of rice, equivalent to $1.4 million, to the World Food Program agency. It was in the Anôsy region, one of the most affected by cyclone Gamane. Takaku Yoshiki, charge d’affaires of the Japanese embassy, explains that this donation is part of the aim of creatin
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Japan has 9 million vacant homes and that’s a problem
Japan is dealing with many vacancies. Never before have so many homes been abandoned, especially in rural areas. Currently, about nine million homes are empty, about 14% of the number of homes in the country.
Nowadays, large cities such as Tokyo and Kyoto have more and more so-called akiya bans, vacant houses. It is becoming a growing problem for the Japanese government, grappling with an aging population and a declining number of children born. “This is a symptom of Japan’s population decline,” Jeffrey Hall of Kanda University of International Studies in Chiba told the news channel. CNN. “There are simply too few people for all those houses.”
Some properties are temporarily vacant because, for example, the owner works abroad. For the other houses it is not known who owns them, because this information has not been adequately preserved by the local authorities.
Like Italy, Japan has developed all kinds of plans to prevent the exodus. Many vacant homes sell for next to nothing. Sometimes even completely free. In the places Tochigi and Nagano akiya bans offered at just over 400 euros. Of course, the buildings are a bit dated and would therefore need to be renov
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OR Reports Strong Operating Results in the First Quarter of 2024, Aiming for a Sustainable Future.
OR discloses operating results for the first quarter of 2024, improving. From the previous quarter, all business groups had EBITDA of 6,173 million baht, net profit of 3,723 million baht, an increase of more than 100%, strengthening the potential of business operations. Aiming to be a Data driven Organization while creating a sustainable future.
Today (8 May) Mr Disthat Panyarachun, CEO of PTT Oil and Retail Business Public Company Limited or OR, disclosed that the company’s operating results in the first quarter of 2024 net profit totaling 3,723 million baht, improved by more than 100% from the previous quarter, calculated as earnings per share of 0.31 baht.
For EBITDA in the 1st quarter, it was 6,173 million baht, an increase of 3,650 million baht or more than 100% compared to the 4th quarter of 2023, with an increase in all business groups. The Mobility business group’s overall average gross profit per liter has improved. Similar to the Global business group, the average gross profit per liter was recovered in the Philippines.
For the Lifestyle business group, food and beverage retail businesses increased. and other retail business groups In terms of the overall picture, net operating costs fell.
In the first quarter, the company continued to strengthen its lifestyle business. Moving on to penetrate the health and beauty business (Health & Beauty) by collaborating with business partners in and abroad Both from Japan and South Korea, with the first store opening soon.
Disthat Panyarachun
In addition, he is committed to adapting t
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OR Reports Strong Operating Results in the First Quarter of 2024, Aiming for a Sustainable Future.
Over 36,000 Foreigners Granted Residency in El Salvador Since 2019: DGME
The General Directorate of Migration and Immigration (DGME) in El Salvador has processed over 36,675 residences for foreigners since 2019, according to a recent announcement. The data from immigration officials revealed that many foreigners have chosen to live in El Salvador temporarily or permanently in order to pursue personal, business, and professional projects.
Furthermore, it was reported that during the last fi
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Over 36,000 Foreigners Granted Residency in El Salvador Since 2019: DGME
Lithuanians love animals more and more, pampering them with treats and toys
“As the quality of life improves, more and more people and families open their doors to animals. The most popular four-legged animals, dogs and cats, as well as birds, fish, and various reptiles become beloved members of the family. Naturally, as the number of pets increases, so does the demand for pet products. Not only necessary goods, such as food, are bought – the owners pamper their pets with treats and various toys and cushions,” says Nerijus Mikalajūnas, head of communication at Pigu.lt.
This year, dry food for dogs and cats has established itself at the top o
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Lithuanians love animals more and more, pampering them with treats and toys
Vehicle exports and production grow in Mexico in January-April
Mexico City. The automotive industry in Mexico maintained good progress in the first four months of the year, with a positive balance in shipments abroad, in its total production and in sales in the domestic market, reported data from the National Institute of Statistics and Geography (Inegi). ).
According to the Administrative Registry of the Automotive Industry of Light Vehicles (Raiavl), exports of light cars registered an annual i
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Vehicle exports and production grow in Mexico in January-April
Pakistan and World Bank sign long-term partnership – Business & Economy
Pakistan and the World Bank held high-level talks on economic reforms. Pakistan and the World Bank signed a long-term partnership. Signed by Secretary Economic Affairs and Country Directors World Bank.
The Prime Minister of Pakistan witnessed the signing ceremony while Minister for Economic Affairs Ahad Khan Cheema was also present on the occasion.
According to the declaration, annual reviews and economic reform plans will be carried out under the new partnership framework.
Federal Minister for Economic Affairs met with World Bank President South Asia, Minister Cheema welcomed President Martin Razor in the meeting. He expressed his determination to strengthen.
The Minister of
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Pakistan and World Bank sign long-term partnership – Business & Economy