Paramount Global CEO Says David Nevins’ $3 Billion Showtime Offer ‘Wasn’t That Interesting to Us’

Matt Donnelly Senior Film Writer Republic Pictures, an historic movie label founded in 1935 and shuttered in 1967, has been revived by parent company Paramount Global. The banner will function as an acquisitions play, releasing titles acquired by Paramount Global Content Distribution. “We’ve chosen to revitalize the Republic banner given its storied history of delivering popular movies to a global audience, ” said Dan Cohen, Paramount chief content licensing officer and newly-named president of Republic Pictures. “With our best-in-class global distribution teams working to identify the best homes around the world, we aim to continue that legacy by offering audiences great entertainment across all genres.”

Shari Lynette Carpenter, Miko Lim and Oscar Rene Lozoya have been selected to participate in the 2023-2025 Paramount Directors Initiative, Paramount Global announced on Thursday.

Raquel Leviss is sharing the details of her attempted reconciliation with Ariana Madix following her affair with Tom Sandoval.

Raquel Leviss is sharing the details of her attempted reconciliation with Ariana Madix following her affair with Tom Sandoval.Paparazzi caught up with Leviss outside of a nail salon in West Hollywood, ahead of the Vanderpump Rules reunion, which is set to start filming on Thursday. In the video, obtained by , Leviss, who was dressed down in a hoodie and leggings told the cameras that she tried to apologize to Madix for her part in the «Scandoval» of it all, but says it wasn't received well.«We talked on the phone, and I apologized to her over text, but she didn't receive it very well,» Leviss, who showed off a scar on her eyebrow she said was from her alleged altercation with Scheana Shay, said.

Bob Bakish, chief executive of Paramount Global, saw total compensation in 2022 of $32 million, up from $20 million the year before.

Paramount Global is shuffling its board of directors, including the addition of Dawn Ostroff, who will serve as an independent non-executive director, the company announced Friday. The filing also noted that Bob Bakish would be making $31.5 million.Ostoroff’s seat is pending a stockholder vote that will take place at Paramount’s 2023 Annual Meeting of Stockholders later this year. Bakish, who serves as Paramount Global’s president will be receiving a pay boost to $31.5 million as a result of $16 million stock awards grant.

William Earl Former Spotify, Conde Nast and CW executive Dawn Ostroff is set to join the board of directors for Paramount Global in May. Ostroff is poised to join the board as an independent director at Paramount Global’s annual meeting on May 8. Incumbent board members Candace Beinecke and Ronald Nelson will not stand for re-election at that meeting, which will bring the number of board members to 11, including Ostroff. “We are thrilled to welcome Dawn to Paramount’s Board at such an exciting moment in our evolution,” said Paramount Global chair Shari Redstone. “We believe her leadership, diverse expertise in content strategy and her long track record of driving transformation will prove invaluable as we seek to continue building on the success of Paramount’s global multiplatform strategy.”

Dawn Ostroff, a seasoned media executive who most recently served as chief content and advertising business officer at Spotify, will joining the Paramount Global board, the company announced today.

star David Schwimmer on the set of 's Stand Up to Cancer celebrity special. The 56-year-old actor is set to appear on the fundraiser, which helps to raise money for charity and will air in the U.K. on Sunday, March 19.In an interview with the U.K.

Patrick Frater Asia Bureau Chief The recent reopening of the mainland Chinese box office, including a $1 billion Chinese New Year holiday season, has put a different complexion on the global theatrical industry. Few companies could be closer to that change in fortune than Imax China, a stock market-listed subsidiary of the Imax Corp. The company operates as both a supplier of screens, audio and projection equipment for premium cinemas and as a partner in making local Chinese films fit for exhibition in the giant format. During Chinese New Year, Imax was represented by “Avatar: The Way of Water” and four Chinese movies. Daniel Manwaring, CEO of Imax China, spoke to Variety in his first interview since taking on the top job in January.

Sean “Diddy” Combs has just joined the potential purchase party of Black Entertainment Television (BET), with the mogul setting his sights on majority stake, TheWrap has confirmed.A source close to Combs says the Grammy award-winning musician and record label executive  is “exploring the opportunity to purchase BET as a part of his strategy to build a Black-owned global media powerhouse,” Variety was the first to report. The source added that conversations around Diddy buying majority stake in the network has yet to happen. Diddy is the latest to take interest in the acquisitions of the network, following behind Tyler Perry, Byron Allen and Miami-based media company Group Black, which was founded by Richelieu Dennis, Bonin Bough, and its CEO Travis Montaque. Under the umbrella of BET Media Group lies brands BET, BET+, BET Studios and VH1, which was to the group from Paramount Media Networks in a restructuring rearrangement. This would be another lucrative entrepreneurial business move for Diddy, who founded media company Revolt in 2013.

BET, joining fellow media moguls Tyler Perry and Byron Allen as they vie to purchase a majority stake of BET Media Group amid reports that owner Paramount Global is exploring a sale of the asset, Variety has confirmed. Run by CEO Scott Mills, BET Media Group includes BET, BET+, VH1 (which was moved under the group in a restructuring at Paramount last November) and BET’s production arm, BET Studios. A source close to Combs tells Variety that the global music icon and record executive turned multi-industry entrepreneur is “exploring the opportunity to purchase BET as a part of his strategy to build a Black-owned global media powerhouse.”

Mission: Impossible — Dead Reckoning,” the exec didn’t hold back in his hype for the two-part blockbuster, calling it “insane” and raving about the results from audience test screenings. “The audience lost their mind and it’s still too long. They’re gonna cut it.

Jennifer Maas TV Business Writer Though Showtime is being rebranded into Paramount+ With Showtime, Paramount Global CEO Bob Bakish says the Showtime brand is alive and well and more projects based on the cable channel’s most iconic series, including “Ray Donovan,” are in the pipeline for the integrated platform. “We’re not just doing that streaming, we’re doing that linear as well,” Bakish said during a Morgan Stanley-hosted investor conference. “So come sometime this year, when you turn on Showtime linear, it’s going to be Paramount+ With Showtime. And it’s what I call a win-win-win. It’s a win for consumers, because the product is going to be fundamentally better than Showtime. You’re going to get ‘1923’ on it, you’ll get ‘Tulsa King,’ as part of your Showtime subscription. It’s just going to be a bigger, broader product. We fundamentally believe in a broad thesis. So that will work at the consumer level and as part of that, we’re leaning into the Showtime franchises. So you could think about the slate as smaller, which will be less expensive, but also really giving the people what they want — which is more Showtime, maybe more ‘Dexter,’ maybe more ‘Ray Donovan,’ and really leaning into that. And we have some exciting plans there.”

Paramount Global today announced a new brand positioning and trade campaign around the tag ‘Popular is Paramount’ to reflect “the company’s indisputable strength in making popular content and content popular for every audience.”

Cynthia Littleton Business Editor Paramount Global is unveiling today a corporate image campaign that builds on the sentiment of a popular self-help affirmation: You are loved, and you are enough. Just in time for media upfront season, the company’s “Popular is Paramount” marketing push is designed to burnish its image within Hollywood and on Wall Street. Paramount Global CEO Bob Bakish wants the town and the Street to know that the company is fielding a new generation of hits – from “Top Gun: Maverick” to “Yellowstone” to “Paw Patrol” — and is not intimidated by having to compete against larger rivals such as Disney, Warner Bros. Discovery and Comcast. The campaign will include with outdoor advertising in highly trafficked corridors of New York and Los Angeles, as well as on digital and TV platforms, both on and off Paramount’s own air.

Tom Carter, president and COO of The CW parent Nexstar Media Group, said the debut of Saudi-backed LIV Golf on the network in late-February was a hit and may well help spur more talks with sports rights holders.

Tyler Perry is in talks to purchase a majority stake of BET Media Group amid reports that parent company Paramount Global is exploring a sale of the asset, Variety has confirmed. Perry currently owns a minority stake in the operation run by CEO Scott Mills, which includes cablers BET and VH1, and also produces a large portion of the programming available on BET and streamer BET+, which he helped launch in 2019. Also among BET’s divisions is production company BET Studios, which counts Kenya Barris, Rashida Jones and Aaron Rahsaan Thomas as minority stake holders. Perry and BET have a long history, as the network helped fund his first feature, 2005’s “Diary of a Mad Black Woman.” In 2017, Perry endeavored on a long-term film deal with Paramount, with a TV deal that began in May 2020. The partnership has been a lucrative and successful endeavor for Perry, Paramount Global president and CEO Bob Bakish and BET Networks president Scott Mills.

latest earnings call that Paramount+’s integration of Showtime will officially launch in the third quarter. As part of the move, the company is raising its prices for Paramount+ subscriptions. The top tier of Paramount+ will rise to $11.99 per month from $9.99 per month.