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Shari Inches Toward Parting With Paramount

Shari Redstone arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference on July 10, 2018, in Sun Valley, Idaho.
Photo: Drew Angerer/Getty Images
Matthew Belloni
December 7, 2023

A couple weeks ago, I floated David Ellison and his Skydance Media as a potential participant in the Paramount Global sweepstakes, if and when Shari Redstone decides to sell her challenged media heirloom. My speculation was based on a few factors: that Skydance could skirt the likely regulatory hurdles Paramount would face if it ever combined with a competitor like Warner Bros. Discovery or Comcast’s NBCUniversal; rumblings I’d heard about Ellison’s interest in the company; his family money; and his relationships with private equity powerhouses like KKR and RedBird Capital. Plus, Ellison was already in business with Paramount on franchises like Mission: Impossible and Reacher.