36 companies queue up for minority stake in Paramount Pictures

Ever since Phillip Dauman threw open the doors for a “significant” minority stake in Paramount Pictures, Hollywood studios have jumped at this opportunity.

Citing confidential sources, the New York Post has reported that Twenty-First Century Fox Inc. is interested in acquiring a minority stake in Paramount Pictures, owned by Viacom Inc.

So far, as per the NY Post, Viacom has given Twenty-First Century Fox the cold shoulder.

Both Viacom and Twenty-First Century Fox could not immediately be reached for comment.

Philippe Dauman, Viacom’s CEO had said in February that the company was playing with the idea of selling a “significant” minority stake in its Paramount Pictures movie studio. After this disclosure, earlier this month, he had said 36 companies have shown interest in acquiring this minority stake.

DreamWorks Animation SKG Inc. has disclosed this month that it would be interested in a merger deal with Paramount Pictures.



Categories: Strategy


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