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Tag: Skydance

  • Jimmy Kimmel explains how he learned he was being yanked off the air — and thought he’d never return

    When ABC executives told Jimmy Kimmel last month that his show was being pulled off the air, the late-night show’s audience was seated, a guest chef had already started making food, the musical guest had performed a warm-up act, and Kimmel was in the bathroom.”It was about 3:00; we tape our show at 4:30,” Kimmel told Stephen Colbert on an episode of “The Late Show” Tuesday. “I’m in my office, typing away as I usually do. I get a phone call. It’s ABC. They say they want to talk to me. This is unusual: They, as far as I knew, didn’t even know I was doing a show previous to this.”Kimmel said he had five writers in his office at the time, and the only private place where he could take the call was the bathroom.”So I go into the bathroom, and I’m on the phone with the ABC executives. and they say, ‘Listen, we want to take the temperature down. We’re concerned about what you’re going to say tonight, and we decided that the best route is to take the show off the air.’”The audience booed, and Kimmel joked: “That’s what I said: I started booing.””I said, ‘I don’t think that’s a good idea,’ and they said, ‘Well, we think it’s a good idea.’ Then there was a vote, and I lost the vote.”Kimmel said he called some of the show’s executive producers into his office to share the news, and he turned white.”I thought, that’s it. It’s over, it’s over. I was like, I’m never coming back on the air.”Kimmel said the show had to send the seated audience home. Chef Christian Petroni’s prepared meatballs and polenta that he had been cooking before the taping went to waste. Future musical guest Howard Jones, however, taped a song for a future episode: “Things Can Only Get Better,” which Kimmel acknowledged was ironic.ABC suspended Kimmel’s show in mid-September for a few days after a controversial monologue that mentioned Charlie Kirk’s suspected killer – and the right-wing reaction to Kirk’s murder. Two days later, FCC Chair Brendan Carr, on a conservative podcast, threatened to pull ABC affiliate broadcast licenses in response. Then Nexstar — the station group which airs “Jimmy Kimmel Live!” in approximately two dozen markets — announced they would not air the show. Another affiliate, Sinclair, followed suit. And hours later, Kimmel took ABC executives’ call in the bathroom.Kimmel returned to the air the following Tuesday with an emotional monologue — and mega-ratings.Colbert couldn’t get the line outColbert, who also appeared as a guest on Brooklyn taping of “Jimmy Kimmel Live” Tuesday, said he could empathize with Kimmel. The CBS star said executives had made the decision to end his show while Colbert was on vacation. His manager, James Dixon, whom he shares with Kimmel, waited until Colbert returned to share the news.Recounting his desire to tell his audience about the news immediately — despite the fact that “Late Night” is set to run through the spring of 2026 — Colbert told Kimmel that at the end of the following show, he asked his audience to remain in their seats for one more segment. But he had trouble delivering his lines and flubbed the line — twice.”I was so nervous about doing it right, ’cause there was nothing in the prompter. I was just speaking off the cuff,” Colbert said. “They started going, ‘Come on Stephen, you can do it,” because I always messed up on the sentence that told them what was happening. And then I got to the sentence that actually told them what’s happening, and they didn’t laugh.”Although CBS owner Paramount said the cancellation of “The Late Show” was strictly a business decision, many media critics — and Kimmel — questioned that rationale, and some have said it was likely a political decision to appease the Trump administration that needed to approve Paramount’s merger with Skydance.Both Colbert and Kimmel have been frequent and unabashed critics of President Donald Trump and his administration. Trump publicly celebrated when Colbert was canceled, saying in a social media post that Kimmel and NBC’s Seth Meyers were “next.” Trump again celebrated when Kimmel was pulled off the air but criticized — and threatened — ABC when it brought him back on.Meyers made an appearance on Kimmel’s show Tuesday, and the three late night hosts posed for a photograph posted to Instagram. Kimmel added the caption: “Hi Donald!”Kimmel joked with Colbert that Tuesday’s taping was, “The show the FCC doesn’t want you to see.” He introduced Colbert as, “The Emmy-winning late-night talk show host who, thanks to the Trump administration, is now available for a limited-time only.”Kimmel quipped that he was “so honored to be here with my fellow no-talent, late-night loser.” As for the rationale for inviting Colbert onto his program: “We thought it might be a fun way to drive the president nuts.”

    When ABC executives told Jimmy Kimmel last month that his show was being pulled off the air, the late-night show’s audience was seated, a guest chef had already started making food, the musical guest had performed a warm-up act, and Kimmel was in the bathroom.

    “It was about 3:00; we tape our show at 4:30,” Kimmel told Stephen Colbert on an episode of “The Late Show” Tuesday. “I’m in my office, typing away as I usually do. I get a phone call. It’s ABC. They say they want to talk to me. This is unusual: They, as far as I knew, didn’t even know I was doing a show previous to this.”

    Kimmel said he had five writers in his office at the time, and the only private place where he could take the call was the bathroom.

    “So I go into the bathroom, and I’m on the phone with the ABC executives. and they say, ‘Listen, we want to take the temperature down. We’re concerned about what you’re going to say tonight, and we decided that the best route is to take the show off the air.’”

    The audience booed, and Kimmel joked: “That’s what I said: I started booing.”

    “I said, ‘I don’t think that’s a good idea,’ and they said, ‘Well, we think it’s a good idea.’ Then there was a vote, and I lost the vote.”

    Kimmel said he called some of the show’s executive producers into his office to share the news, and he turned white.

    “I thought, that’s it. It’s over, it’s over. I was like, I’m never coming back on the air.”

    Kimmel said the show had to send the seated audience home. Chef Christian Petroni’s prepared meatballs and polenta that he had been cooking before the taping went to waste. Future musical guest Howard Jones, however, taped a song for a future episode: “Things Can Only Get Better,” which Kimmel acknowledged was ironic.

    ABC suspended Kimmel’s show in mid-September for a few days after a controversial monologue that mentioned Charlie Kirk’s suspected killer – and the right-wing reaction to Kirk’s murder. Two days later, FCC Chair Brendan Carr, on a conservative podcast, threatened to pull ABC affiliate broadcast licenses in response. Then Nexstar — the station group which airs “Jimmy Kimmel Live!” in approximately two dozen markets — announced they would not air the show. Another affiliate, Sinclair, followed suit. And hours later, Kimmel took ABC executives’ call in the bathroom.

    Kimmel returned to the air the following Tuesday with an emotional monologue — and mega-ratings.

    Colbert couldn’t get the line out

    Colbert, who also appeared as a guest on Brooklyn taping of “Jimmy Kimmel Live” Tuesday, said he could empathize with Kimmel. The CBS star said executives had made the decision to end his show while Colbert was on vacation. His manager, James Dixon, whom he shares with Kimmel, waited until Colbert returned to share the news.

    Recounting his desire to tell his audience about the news immediately — despite the fact that “Late Night” is set to run through the spring of 2026 — Colbert told Kimmel that at the end of the following show, he asked his audience to remain in their seats for one more segment. But he had trouble delivering his lines and flubbed the line — twice.

    “I was so nervous about doing it right, ’cause there was nothing in the prompter. I was just speaking off the cuff,” Colbert said. “They started going, ‘Come on Stephen, you can do it,” because I always messed up on the sentence that told them what was happening. And then I got to the sentence that actually told them what’s happening, and they didn’t laugh.”

    Although CBS owner Paramount said the cancellation of “The Late Show” was strictly a business decision, many media critics — and Kimmel — questioned that rationale, and some have said it was likely a political decision to appease the Trump administration that needed to approve Paramount’s merger with Skydance.

    Both Colbert and Kimmel have been frequent and unabashed critics of President Donald Trump and his administration. Trump publicly celebrated when Colbert was canceled, saying in a social media post that Kimmel and NBC’s Seth Meyers were “next.” Trump again celebrated when Kimmel was pulled off the air but criticized — and threatened — ABC when it brought him back on.

    Meyers made an appearance on Kimmel’s show Tuesday, and the three late night hosts posed for a photograph posted to Instagram. Kimmel added the caption: “Hi Donald!”

    Kimmel joked with Colbert that Tuesday’s taping was, “The show the FCC doesn’t want you to see.” He introduced Colbert as, “The Emmy-winning late-night talk show host who, thanks to the Trump administration, is now available for a limited-time only.”

    Kimmel quipped that he was “so honored to be here with my fellow no-talent, late-night loser.” As for the rationale for inviting Colbert onto his program: “We thought it might be a fun way to drive the president nuts.”

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  • What Paramount Buying Warner Bros. Could Mean for Hollywood

    Photo-Illustration: Vulture; Photos: Getty Images

    Paramount Skydance, backed by the family of CEO David Ellison, is getting ready to make a bid to take over all of Warner Bros. Discovery before the two companies can go through with their plan to split, per a new report from The Wall Street Journal. If such a deal happens, it would put networks as diverse as CBS, CNN, TCM, and MTV under one roof and result in the combination of two historic Hollywood studios, Paramount Pictures and Warner Bros. There has been speculation in multiple media outlets for months about something like this happening — the idea of HBO Max and Paramount+ combining into a single app is a no-brainer — but the speed with which it could be coming together, so soon after Skydance closed its deal for Paramount, does feel a tad surprising. Deadline is also confirming the WSJ story, though it throws a bit of cold water on how much urgency there is to the bid: “Nothing new there, he’s just taking a closer look, assessing the pros and cons,” says a Paramount source quoted by the trade outlet.

    We’re probably still a long way away from such a deal actually becoming reality (if it does), and to be clear: No offer has been made. It’s also not clear how WBD management and shareholders would react — though WBD stock soared nearly 30 percent after the WSJ story broke — or whether news of this possible bid brings out other potential buyers. It’s still early days.

    That said, given how much Hollywood loves a merger these days, it’s always worth thinking about what comes next and what such a mash-up of media giants might bring — for good and (mostly ill). Some immediate questions and thoughts about the possibility of Para Bros.:

    ➼ If the Ellisons get control of WBD, they get control of CNN. Given how much Paramount has pushed CBS News rightward in the past couple weeks, it’s easy to imagine the Trump White House won’t stand in the way of the Ellisons taking over WBD. In fact, one could see it happily pushing for a deal that would put CNN in the hands of owners even more accommodating than its current overseers.

    ➼ Bari Weiss, founder of the right-wing outlet The Free Press, is rumored to be in line for a major gig at CBS News. If this deal happens, will she end up overseeing a CBS News powered by CNN — or all of a combined CNN-CBS News?

    ➼ Will the studio attrition from five major studios to a mere four accelerate moviedom’s seemingly endless doom cycle of sequels, reboots, and tired IP retreads? Coming just a half-dozen years after Disney’s $71.3 billion swallowing of 21st Century Fox, the Para Bros. merger would necessarily trigger a cascade of industry executive layoffs but also drastically reduce the number of studio suitors vying for hot, original movie projects. That would leave less room for new filmic voices and engender frictionless pushback against the kind of corporate groupthink responsible for the boring sameness behind our current multiplex malaise. (Exhibit A: This summer delivered the worst cumulative box-office returns since 1981 adjusted for inflation and discounting COVID lockouts.)

    ➼ Given the trend toward streaming consolidation (see Hulu on Disney+), importing the relatively small content offering of Paramount+ into HBO Max feels like a given under any merger scenario. That said, David Ellison has already started working to dramatically improve the tech of Paramount+ and HBO Max has had its own user-experience issues. It’s quite possible the end result of a deal would be the creation of a totally new platform with, yes, another new name. HBO Max, we hardly knew ye.

    ➼ The amount of layoffs that would result from this merger is depressing to consider. As it is, Paramount Skydance is already planning to pink-slip thousands of employees this fall. The pain will be real and deep.

    ➼ Will putting DC and Star Trek in the same corporate family give us the Star TrekSuperman crossover some Trekkers have fantasized about? Who knows, but the IP-sharing potential of a Warners/Paramount combo is huge. The same company would control The Godfather and The Sopranos, Top Gun and Barbie, I Love Lucy and Friends.

    ➼ Assuming Para Bros. stays in the cable business, would ancient enemies Nickelodeon and Cartoon Network team up to give the new entity enough IP to better take on Disney? Or would the new company care about kids and animation at all?

    ➼ And the most important question of all: Will David Zaslav, fresh off his role in the new Sphere remix of The Wizard of Oz, get himself a cameo in the next Yellowstone spinoff? Or will he ride off into the retirement sunset, having successfully added tens of millions to his net work this decade?

    Chris Lee contributed to this report.


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    Josef Adalian

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  • Paramount Is Cutting Thousands of Jobs After Skydance Merger | Entrepreneur

    Following the completion of an $8.4 billion merger earlier this month, Skydance Media and Paramount Global are now a new company called Paramount, a Skydance Corporation — and layoffs are reportedly on the horizon for the new entity.

    The newly formed company, which oversees media assets like CBS, MTV, and Comedy Central, is now preparing to cut jobs across its business, according to Variety.

    The layoffs are expected to occur by early November, when Paramount is scheduled to report third-quarter earnings, impacting around 2,000 to 3,000 jobs. The company is aiming for $2 billion in annual cost savings.

    Related: Paramount Global Is Laying Off Hundreds of Employees

    Paramount previously laid off 2,000 employees, or 15% of its U.S. workforce, in August 2024. The company has additionally laid off hundreds of employees in June of this year.

    As of Dec. 31, 2024, Paramount had approximately 18,600 full-time and part-time employees, per Variety. Skydance, meanwhile, has around 500 employees, according to its website.

    Paramount, a Skydance Company, Chairman and CEO David Ellison. Photo by Alberto E. Rodriguez/Getty Images

    The cost savings were first mentioned in a July 2024 presentation to investors, following the announcement of the Paramount-Skydance deal. Jeff Shell, the former CEO of NBCUniversal and now the president of Paramount-Skydance, said during the presentation that the company worked with consulting firm Bain & Co. to find at least $2 billion in annual cost savings.

    Related: Paramount Leadership Alludes to Layoffs If Merger Does Not Go Through

    Shell indicated that the majority of cuts will affect Paramount’s linear TV businesses, including cable networks and broadcast, though he said that leaders “like” some of these businesses, “particularly CBS.”

    “We think it [CBS] is a very, very, very strong business with more reach than any other business,” Shell said at the time. “However, I think a lot of us in the business know, we got to run these businesses in a different way as they decline.”

    According to Paramount’s second-quarter earnings report, released in July, CBS was the most-watched broadcast network for the 17th consecutive season. The streaming service Paramount+ also saw revenue increase 23% year-over-year, with 24% subscription growth.

    Paramount, a Skydance Company, will be led by Chairman and CEO David Ellison, the son of Oracle co-founder Larry Ellison. The CEO founded Skydance Media in 2010 and has since led the production of films like “Top Gun: Maverick” and “The Tomorrow War.”

    Related: Meet David Ellison, Larry Ellison’s Son Who Is About to Take Over at Paramount

    Following news of the merger, Ellison wrote in a letter published to Paramount’s site that the moment combined “more than a century of iconic storytelling” with “the drive of a 15-year-old studio born in the digital era.”

    Paramount started trading on the Nasdaq Stock Market under the new ticker symbol “PSKY” earlier this month following the merger with Skydance. The newly combined company had a market value of over $10 billion at the time of writing.

    Following the completion of an $8.4 billion merger earlier this month, Skydance Media and Paramount Global are now a new company called Paramount, a Skydance Corporation — and layoffs are reportedly on the horizon for the new entity.

    The newly formed company, which oversees media assets like CBS, MTV, and Comedy Central, is now preparing to cut jobs across its business, according to Variety.

    The layoffs are expected to occur by early November, when Paramount is scheduled to report third-quarter earnings, impacting around 2,000 to 3,000 jobs. The company is aiming for $2 billion in annual cost savings.

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  • Sony’s Tom Rothman On Skydance-Paramount Deal, Calls David Ellison “A Very Capable Executive” – ‘Fly Me To The Moon’ Premiere

    Sony’s Tom Rothman On Skydance-Paramount Deal, Calls David Ellison “A Very Capable Executive” – ‘Fly Me To The Moon’ Premiere

    “There might have been other scenarios that could have played out in other ways, but this seems to be currently the scenario for the moment.”

    Those were Sony Pictures Chairman and CEO Tom Rothman‘s thoughts tonight when Deadline asked him at the NYC premiere of Apple’s Fly Me to the Moon for his take on the big news going around town, read the pending $8 billion SkydanceParamount deal.

    Sony Pictures Entertainment teamed with Apollo to make a $26 billion go at Paramount Global, signing an NDA in mid-May. Those talks didn’t make as much noise as Skydance’s courtship of Paramount Global. The notion is that Sony’s pursuit of Paramount would be embattled by government regulations which prohibit a foreign company from having any ownership of a U.S. Broadcast network.

    However, despite all directions pointing toward a Skydance-Paramount Global deal, there’s still that 45-day go-shop period for a better offer to emerge. If one comes to fruition, Skydance will get a hefty $400 million breakup fee from Paramount. 

    Continued Rothman tonight, “The only thing I will say, I have great respect for David Ellison and I think he is a very capable executive, and if it ends up going that way in the end, in the end, I’m sure he’ll do a fine job.” Once the Skydance Paramount Global deal is approved, the expectation being later in 2025, Ellison becomes the new Chairman and CEO of the new corporation.

    Unlike Paramount which has been saddled with debt from launching streaming service Paramount+, Sony remains an arms dealer, and financially nimble studio. The Culver City lot is distributing the Greg Berlanti directed romantic comedy Fly Me to the Moon which stars Channing Tatum and Scarlett Johansson and opens this Friday. The movie is one of three Apple Original Films that Sony won distribution deals for following Napoleon ($221.3M) and the Jon Watts directed George Clooney-Brad Pitt crime thriller Wolfs opening on Sept. 20.

    Fly Me to the Moon is the second big, starry romantic comedy for Sony post pandemic following their profitable, $220M-plus grossing Syndey Sweeney-Glen Powell title Anyone But You which played over the holidays. While streaming has dominated the rom-com genre, Rothman doesn’t believe the female moviegoing audience for those titles have been lost.

    “My take is if you build it, they will come. They can’t go to movies that don’t exist,” Rothman told Deadline at Manhattan’s AMC Lincoln Plaza Cinema.

    “Romantic comedies have been a perennial genre in the movies since The Philadelphia Story. They’re not going away,” he added.

    “Great and kudos to Apple, this is a fun, classy film,” the Sony Pictures Motion Picture Group Chairman and CEO said about Fly Me to the Moon, “The reviews are terrific for the movie and well deserved.”

    Sony recently jumpstarted the sleepy summer box office with Bad Boys: Ride or Die which is approaching $180M stateside, $426.5M WW and has had a family hit in Alcon’s The Garfield Movie which stands at $91M in U.S./Canada, $245M WW.

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  • Paramount Appears Set to Back Away From Skydance Deal, Leaving Uncertain Path Forward

    Paramount Appears Set to Back Away From Skydance Deal, Leaving Uncertain Path Forward

    After weeks of negotiations, Skydance’s proposed merger with Paramount Global appears to be on the ropes.

    Paramount’s special board committee appears to have cooled on the offer, which would have seen the David Ellison-led studio, joined by financial partners RedBird Capital and KKR, acquire controlling shareholder Shari Redstone’s stake in the company and then merge Skydance into Paramount, keeping it as a publicly-traded company, with new leadership at the helm.

    More from The Hollywood Reporter

    Skydance had been in a 30-day exclusive negotiating window, and had proposed a revised offer last weekend that would have offered some sweeteners for Paramount common shareholders, some of whom had been vocally opposed to the deal. That window ends today, and is not likely to be extended.

    Another source close to the deal says that talks between the sides continue.

    Paramount has another offer on the table: A $26 billion all-cash deal from Apollo and Sony Pictures. It is not immediately clear what the status of that deal is, though it would carry substantially more regulatory concerns, due to Apollo’s existing ownership of broadcast TV stations, and Sony’s status as a Japanese company.

    Redstone is said to be unenthusiastic about that deal.

    The end of the Skydance talks capped off an eventful week for Paramount, with the company parting ways with its CEO Bob Bakish on Monday, replacing him with a trio of executives working in an “office of the CEO.”

    While Bakish had largely declined to comment on the deal chatter, he told analysts on the company’s fourth-quarter earnings call that he was focused on creating value for all shareholders (emphasis his), suggesting that there was daylight between him and Redstone, and friction that could have led to his ouster.

    Bakish’s departure followed the news that four board members would not be standing for reelection at the company’s next annual meeting, set for June 4. It was not immediately clear what sparked their decision, though there was speculation that it could be related to deal talks.

    With the Skydance deal seemingly off, and the Apollo-Sony deal’s regulatory viability in question, Paramount may need to find its own path forward under its new leaders Brian Robbins, George Cheeks and Chris McCarthy.

    “Going forward, we are finalizing a new long-term plan to best position this storied company to reach new and greater heights in our rapidly changing world,” the trio wrote to employees shortly after taking the helm of the company.

    A source says that the executives are prepared to lead the company long-term, and confirmed that a formal strategic plan will be communicated to staff in the coming weeks.

    Paramount shares are down about 5 percent for the day.

    Spokespersons for Paramount, Skydance, Shari Redstone and the board special committee all declined to comment.

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