(Reuters) -Skydance Media’s deal to merge with Paramount Global ends a months-long saga that had enough drama to rival a Hollywood movie, including a near collapse in deal talks, boardroom shakeup and a flurry of competing offers. The companies agreed to a two-step process, in which Skydance and its deal partners will acquire National Amusements, which holds the Redstone family’s controlling stake in Paramount, for $2.4 billion in cash.
Skydance will subsequently merge with Paramount, offering $4.5 billion in cash or stock to shareholders and providing an additional $1.5 billion for its balance sheet.
Here are Hollywood’s top studios and their performances: UNIVERSAL PICTURES Universal Pictures, founded in 1912 and owned by media giant Comcast through its subsidiary NBCUniversal, is one of Hollywood’s biggest film studios. It owns classics such as “Jurassic Park,” “Fast and Furious” and “Minions.” “Jaws” and “E.
T. the Extraterrestrial,” which became the highest-grossing films of all time during their initial releases, are also part of Universal’s library. The film library consists of more than 6,500 titles, according to its annual report.
Universal was ranked No. 1 in the worldwide box office last year for the first time since 2015. Universal Pictures and Focus Features, under the banner of Comcast, racked up about $1.
94 billion in box-office revenue in the U.S. and Canada in 2023, according to research firm Comscore.
Last year, theatrical revenu.