Paramount Global said Friday that, pending court approval, it will receive $167.5 million in settlement of a suit by shareholders of the former CBS Corp. against some of the broadcaster’s former officers and directors, including Shari Redstone and Joseph Ianiello. Called a derivative suit, it's filed…

Paramount Global has agreed to pay $122.5 million to settle a 2019 lawsuit by Viacom shareholders over the company’s 2019 merger with CBS. The settlement was disclosed Friday in an SEC filing. In the filing (read it here), the company details the chronology of the case brought in Delaware…

From the outset, Sumner Redstone was a curiosity. A cluster of power players 50 years ago were suddenly bidding for control of Hollywood's revered movie studios. Competition was intense but most of the bidders were not even “movie” people. In fact…

As Paramount Global prepares to report quarterly earnings Thursday, with CEO Bob Bakish presiding and Shari Redstone happily ensconced as non-executive chair, a new book is bringing forth some interesting (and at times lurid) revelations about the company's tortuous journey. Unscripted: The Epic…

Paramount+ has set Flatshare from London/LA-based The Girl Before production and management firm 42 as its third UK scripted original. Deadline revealed that the six-parter from On the Edge’s Rose Lewenstein was in development with the BBC but the show was unveiled in the past hour as a Paramount+ original and…

Channel 4 has signed industry vet Dawn Airey, who has held senior roles with ITV, Channel 5 and Sky, to its board, while issuing industry-first guidelines to producers working with disabled talent, presenters and contributors. Airey is one of four Non-Executive directors appointed to the board today who will…

Viacom International Studios (VIS) has signed a quintet of first-look deals with emerging British talent as part of a drive to hand more opportunities to diverse creators. Morgan Bailey, Bec Boey, Chris Bush, Iman Qureshi, and Kaamil Shah will spend the next two years pitching five ideas to ViacomCBS’ in-house…

Bodyguard star Nina Toussaint-White is to lead a Channel 5 thriller from Deceit producer Story Films. Toussaint-White will play Jodie in Witness No.3, a single mum who runs a hairdressing salon. One day at work, Jodie momentarily glances out of the window and in a split second her life descends into freefall…

EXCLUSIVE: American Skin is coming to BET+ next week. The Nate Parker directed, penned and starring drama will debut on the ViacomCBS-owned streaming service on April 15, I have learned. This move online for American Skin comes after a lucrative Vertical Entertainment distributed run for the Spike Lee executive…

UPDATE, 6:55 PM:  Netflix got swiped in court today for swiping one of Viacom's executives back in 2018, but not as much as expected. Just like in his tentative order of last week, though Judge Jon R. Takasugi gutted the streamer's argument that the Shari Redstone ruled company broke the famed seven-year rule…

The reminders came often from Sumner Redstone, self-made architect of a vast media empire. "Viacom is me," he once told Fortune magazine. "I'm Viacom. That marriage is eternal, forever." “I’m in control!” he chided Mel Karmazin in a nationally televised news conference as the executive tried to outline his vision…

Sumner Redstone, an imposing industry figure who built a business empire including Viacom, Paramount Pictures and CBS out of a regional chain of movie theaters, has died at the age of 97. National Amusements, the controlling shareholder of ViacomCBS, confirmed the news Wednesday morning. “It is with great sadness…