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A New Era In The Film Industry: Paramount And Skydance Merge

by THEFUTURE.TEAM

July 8, 2024

Paramount Global and Skydance Media have agreed to merge, opening a new chapter for one of Hollywood’s oldest studios, Reuters reported.

KEY FACTS

Shari Redstone, Paramount’s non-executive chairman, will sell the family’s controlling stake in the company in a complex deal that will end in a merger.
The deal marks the end of an era for Redstone, whose late father Sumner Redstone transformed the family’s chain of car dealerships into a media empire that includes Paramount Pictures, as well as the CBS network and cable networks Comedy Central, Nickelodeon and MTV.
The merger will combine Paramount, home of classics such as Chinatown, The Godfather and Breakfast at Tiffany’s, with a financing partner on several major recent films, including Top Gun: Maverick, Mission: Impossible – Fallout and Falling into Darkness.
The deal will elevate David Ellison, the 41-year-old scion of tech tycoons who founded Skydance, into Hollywood’s newest giant. He will inherit a media company that faces a host of challenges while managing an entertainment business upended by the video streaming revolution.

KEY STORY

Paramount has wiped nearly $17 billion off its value since the end of 2019 as its traditional TV business eroded faster than video streaming service Paramount+ could turn a profit.

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There was tension between the directors. CEO Bob Bakish was ousted in April after clashing with controlling shareholder Sherry Redstone over the Skydance deal. He was replaced by three executives who hold the CEO position as a group, proposing $500 million in layoffs, selling off certain assets and exploring a possible joint venture partner with Paramount+.

TANGENT

The deal between Paramount and Skydance is the culmination of months of negotiations that appeared to have reached an impasse when Redstone abruptly ended negotiations on June 11.

At the time, Skydance and its partners had agreed to acquire the Redstone family’s holding company National Amusements, which owned 77% of Paramount’s voting stock. However, the talks reached an impasse on other issues, including National Amusements’ demand that the deal be approved by a majority of non-Redstone shareholders, a condition Skydance believed impossible.

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EU Moderates Emissions While Sustaining Economic Momentum

by THEFUTURE.TEAM

November 15, 2025

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.