Entertainment News

Chris McCarthy de Paramount, Brian Robbins to obtain $ 18 million payment

Thirteen months after David Ellison and Shari Redstone chopped a megadéal of $ 8 billion who would make the ownership of Paramount Global of the heir to a media magnate to the heir to a technological magnate, which merger finally closed on Thursday.

While the Skydance team, led by Ellison as CEO and former executive of Nbcuniversal, Jeff Shell, is president, the former team of the C Suite C and the senior direction wrote its farewell memos, has blurred their curriculum vitae and praised achievements at the end of a few tumultuous years since the end of the Viacom and CBS at the end of 2019.

Shari Redstone, who orchestrated the combination of societies of his father Sumner Redstone, and guided Paramount to try to compete with Netflix in streaming wars with his own flagship service, paramount + (which now has 77.7 million subscribers), will obtain $ 1.75 billion in cash for the participation of control in his portfolio company, nationals. The billionaire of Oracle Larry Ellison, the father of David Ellison, supported the agreement, like Redbird Capital, led by Gerry Cardinale.

A single member of the trio which included “the CEO office” after the ouster of the director general Bob Bakish in 2024 will remain with Skydance, George Cheeks, who supervised CBS and his assets during the Redstone era and will be the president of the TV media under the property of Ellison. (The executing won the highest salary figure among its co-chiefs at $ 22.1 million last year.)

Redstone Co-PDG Chris McCarthy, the head of television who supervised the construction of the Taylor Sheridan-Verse on Paramount +, is out. The executive was paid $ 19.5 million last year and will receive $ 18.3 million in addition to its salary of 2025 linked to the change of ownership, in accordance with regulatory documents.

Co-chief colleague from departure Brian Robbins, who supervised Paramount Pictures, was paid $ 19.6 million last year and will receive a variation of $ 18.6 million in ownership of ownership this year in addition to his annual salary.

Bakish, the only CEO of Paramount, who was released last April, saw a large silver lining when it was steep: a starting package alone worth $ 69.3 million in its total of $ 87 million in 2024.

Meanwhile, Naveen Chopra, the financial director, who worked on the Skydance agreement, was paid $ 8.78 million in 2024. He jumped to the Roblox game giant as a financial director in June and, since he left early, he made a price of $ 12 million paramount linked to a change of property.

The Skydance agreement brings together the Top Gun: Maverick Producer with Paramount Pictures, Paramount +, CBS, Showtime, Nickelodeon, MTV, Bet and Comedy Central. In the past year, CO-PDGs have executed a plan to raze $ 500 million in costs, sell assets and reduce a workforce by more than 15% while Paramount changes the property.

The new Paramount skydance will be negotiated on the Nasdaq as “psky” in its last incarnation. In an open letter to shareholders on Thursday, Ellison wrote that he wanted to “empower our creative partners with the technology that will allow them to tell larger and more convincing stories fed by human ingenuity”, but that society “will face difficult decisions but necessary to align our team for growth and efficiency”.

Virisa Yong / Getty Images; With the kind authorization of Paramount Global; Steve Granitz / FilmMagic; Michael Buckner / Getty Images; Michael Kovac / Getty Images; Kevin Winter / Ga / The Hollywood Reporter via Getty Images; Bryan Steffy / Getty Images; Images John Nacion / Getty; Images Greg Doherty / Getty; Images Jason Kempin / Getty; Christopher Polk / Getty Images; Images Jon Kopaloff / Getty; John Shearer / Wireimage; Michael Loccisano / Getty Images; Kristina Bumphrey / Getty Images; Images Jamie McCarthy / Getty; Dia Dipasupil / Getty Images.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button