Suitors are wooing Paramount

From “GREASE” tvcbsmtvto “Breakfast at Tiffany’s”, Paramount Pictures has produced plenty of good romances during its 112-year history. Now the Hollywood studio is itself the subject of a courtship drama involving streaming rivals, private-equity buccaneers, a billionaire’s son and the owner of the Weather Channel. The wooing of Paramount Global, the studio’s parent company, has begun because Shari Redstone, president of National Amusements, which has a controlling stake in the firm, appears ready to sell. The battle to buy Paramount from the Redstones marks the fading of a Hollywood dynasty—and shows the sorry state of the entertainment industry.Paramount, the last big studio still based in Hollywood, has seen lots of action in recent years. Ms Redstone had to wrestle control of the firm from the former girlfriends of her father, Sumner, who died in 2020 after building an empire from a chain of cinemas he had inherited from his own father. Paramount Global today comprises the film studio, the Paramount+ streaming service and old-school “linear” networks from to .