Paramount (Avatar IP owner) sale reopens, as Sony-Apollo swoops in
Paramount (Avatar IP owner) sale reopens, as Sony-Apollo swoops in
The article is a very fast read because it's Axios, but in a nutshell, either:
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Skydance gets Paramount intact, but possibly with financial trouble and selling some IP.
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Sony gets Paramount, but restructures the company and also possibly sells some parts.
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Nothing happens... and Paramount continues its downward spiral, probably accelerated by a failed sale.
The can of worms opened today, as now Paramount is officially open to a buyout from sony.
I don't like this at all. Avatar is a high budget IP, animesque fantasy, and not historically, proveably profitable like Star Trek/Spongebob. Avatar Studios is a real candidate to be chopped off.
Redstone family business that controls 80% of Paramount's voting power...
That and the red clothes are giving me a fire lord vibe, lol.
The most important thing IMO is that they dont get bought by the megacorps (Disney or WarnerDiscovery).
For that same reason I would prefer Sundance or a Redstone/Viacom solution.
Late reply, but they do need someone with financial stability to not just cut all the stuff.
Looks like it's gonna be Sony now, anyway?