Good morning: In today's edition of The Industry, we look at:
2x Beetlejuice
2x Duelling Dragons (Redstone and Ellison)
2x Guilds make tentative agreements
3x Boondock Saints
4x Female spies
And Miller on Miller.
Let’s go!
THE INDUSTRY NEWS
Shari Redstone is reportedly not selling Paramount to Apollo for the $11 bn they offered this week. Redstone was reluctant to deal with Apollo as they were just interested in Paramount, which would have effectively meant cleaving the movie studio from Paramount Global, which controls CBS, BET, Comedy Central, Nickelodeon, MTV and Paramount+.
An analyst, Robert Fishman, noted:
“Accepting a studio-only offer would mean divorcing the rest of the company from one of the key engines that drives it… Remove one of its unique content creators from the equation and the rest of the company may appear hollow.”
Instead, Redstone is negotiating a deal with billionaire David Ellison, CEO of Skydance Media (Mission: Impossible 4, 7, Top Gun: Maverick, Transformers: Rise of the Beasts).
Ellison proposed acquiring Shari Redstone's 80% share in National Amusements, pivotal in Paramount Global's control.
Skydance is still conducting due diligence before submitting an offer.
If the deal were successful, it would still face major regulatory and investor hurdles.
Beetlejuice, Beetlejuice, the long-pined-for sequel to the 1988 horror-comedy, has finally given us a tease. Showing off its new (Jenna Ortega) and returning cast (Winona Ryder and Catherine O'Hara), each playing a different generation of the Deetz family whose attic holds a portal to the underworld and houses Michael Keaton's Demon of the titular name. The original is a Tim Burton cult classic, and this teaser makes one hopeful for a potential return to Burton's older, darker creations.
In theaters September 6th.
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