Paramount Global is in talks with Skydance Media for an exclusive merger, bypassing a $26 billion offer from Apollo Global Management. The deal, if successful, would mark the end of Shari Redstone’s control over the media empire built by her late father, Sumner Redstone. This move comes as part of a two-step process that is more advanced than the offer from the U.S. private equity firm.
In other entertainment news, the 77th Cannes Film Festival will open with the French comedy “The Second Act,” directed by Quentin Dupieux and starring Lea Seydoux, Vincent Lindon, and Louis Garrel. Meanwhile, Disney CEO Bob Iger announced plans to crack down on password-sharing for its streaming service starting in June, aiming to boost subscriber growth and profitability.
“The First Omen,” a horror film directed by Arkasha Stevenson, fearlessly features graphic female body horror, including intense birthing scenes. Stevenson emphasized the importance of not shying away from the imagery of the female body in the film.
Additionally, the musical “Mamma Mia!” is celebrating its 25th anniversary in London’s West End. Producer Judy Craymer reflected on the show’s success, noting its impact on cultural history and bringing ABBA’s music to new generations. The production, known for its real and relatable characters, has been seen in over 450 cities worldwide and inspired two hit movies. As “Mamma Mia!” marks a milestone, ABBA coincidentally celebrates 50 years since their breakthrough song “Waterloo.”