Due to a global merger, Telefé changed hands and the channel is now owned by the SkyDance Media group – Diario El Ciudadano y la Región

Due to a global merger, Telefé changed hands and the channel is now owned by the SkyDance Media group – Diario El Ciudadano y la Región
Due to a global merger, Telefé changed hands and the channel is now owned by the SkyDance Media group – Diario El Ciudadano y la Región

SkyDance Media has acquired control of Telefé following a merger agreement with Paramount on a global level. This operation, valued at approximately 8 billion dollars, implies the transfer of control of Paramount, CBS and the former Viacom assets, previously in the hands of the Redstone family, to the Skydance group. David Ellison, CEO and founder of Skydance, will assume the presidency of the new Paramount, whose valuation reaches 28 billion dollars.

According to the site Iprofessional, SkyDance Media, a film and television company founded in 2010 for the big screen and incorporated in 2014, and based in Santa Monica, California, is known for the production of films such as “Mission: Impossible – Fallout,” “World War Z,” “Star Trek Into Darkness” and “Transformers: Rise of the Beasts,” among others. The recapitalization of Paramount and the merger with Skydance are considered a significant event in the entertainment industry, especially in a context where traditional media companies face challenges due to technological disintermediation. Gerry Cardinale, founder of RedBird Capital and partner at Skydance, highlighted the importance of this merger, noting that Paramount, with its extensive intellectual property base, is well positioned to maintain its relevance. However, he emphasized the need for visionary leadership and experienced operational management to guide this new phase.

Telefé has been part of Paramount Global since 2016, when Viacom acquired the Argentine channel from Telefónica for $345 million. The recent merger was finalized a few months after rumors surfaced about Paramount’s search for a buyer for Telefé. At the time, there was speculation about a possible acquisition by Marcos Galperin, founder of Mercado Libre, although sources close to the deal denied this.

The deal is part of a broader trend in the media and entertainment industry, where mergers and acquisitions seek to consolidate assets and strengthen competitive positions in the face of rapid technological and consumer changes. The new Paramount, under the leadership of David Ellison, will seek to adapt to these changes and take advantage of the opportunities that arise in a constantly evolving market.

The consolidation of Paramount and Skydance reinforces the importance of having a solid content base and a clear strategy to face the challenges of the sector. The integration of the assets of Viacom and CBS into the new Paramount structure will allow for greater efficiency and synergy, optimizing resources and capabilities for the production and distribution of content.

Furthermore, this merger could have significant implications for the Argentine market and Telefe’s role within the new conglomerate. With greater production and distribution capacity, Telefe could benefit from deeper integration with Paramount’s global operations, potentially increasing its competitiveness and reach in the local and international market.

The evolution of the entertainment industry, marked by the convergence of media and technologies, poses both opportunities and challenges. Companies must adapt quickly to changes in consumption habits and viewer preferences, taking advantage of new technologies and platforms to distribute content efficiently and attractively.

 
For Latest Updates Follow us on Google News
 

-

PREV We celebrate Independence Day with a special broadcast and the premiere of “Revivemos nuestra historia”
NEXT Schedule and duration of the next episode of ‘Family Secrets’ (July 21)