Shari Redstone destroying a legacy when she was never involved in building an empire. This is the end result of nepotism and greed over being a responsible leader.
I have to admit, watching all these media companies and video game studios merging into giant conglomerates and slowly collapsing under their own bloated weight over the last few years has been morbidly fascinating. I know that it's going to have some definite economic repercussions for a number of reasons, but how often do you get to see an entire industry just fall over like this?
The sudden jump and fall that you can see as a thin peak isn't really anyone's fault given it was due to an unrelated fund trying to stay afloat when their ponzi scheme fell apart.
Never heard of SkyDance, but I know Paramount very well, even worked for the company personally. However, Lady Redstone has been trying to steal the company and ruin it since Sumner went on his death bed. She isn't in it for the content or business, she's in it to make money and ditch the company.
The worst part is that the Apollo deal is still getting her a shit ton of money, she is rejecting the deal over a small percentage gain. rejecting the hassle free 1.8 billion for the contested 2 billion.
The worst part is her & her father look like fucking demons. They don’t look human at all, the only one who did was the founder. More proof that the kids of people who are rich and successful eventually just devolve into sociopathic creatures not worth living. But hey, we enjoy a world with problems and people who cause them.
As soon as Star Trek: Strange New Worlds began with Spock’s softcore foreplay in his billionaire Vulcan penthouse . . . I knew Paramount was in trouble.
@@bobbym6130 lol Star Trek was always woke. It was the whole point why Rodenberry came up with it. You're no Star Trek fan, you miss the ethos of the show entirely.
The only person killing Paramount is Shari Redstone. It's only hope is to merge with one of the other middling studios that hasn't scaled up like Warner Bros... Skydance doesn't have the best leadership if you haven't been paying attention and has only stayed in business because of the owners daddy who founded Oracle...
Aren't there laws or rules that prevent one greedy grandma from killing a company like that? The whole business world knows how poorly the deal for sky dance was and poorly paramount plus performs and how poorly she is "managing" this company. Thats just wild
Yes, in fact she would have a contract being CEO that would outline her responsibilities. And she has a duty to the shareholders, not HERSELF, to make them profit. When they do this, they open themselves up to legal consequences like lawsuits and even jail. Shari Redstone needs jail time lol. She knows damn well what she is doing and needs to be stopped. Give her shares to some non-profit. She doesn't deserve them.
I don't get it. They have some of THE BEST quality shows out of any streaming service... Yellowstone and all of its prequels r AMAZING. There is absolutely no reason y they should b cancelled just because some greedy CEO wants more money 😡
That could just as easily move to a new service. Paramount is just how those people were making money. If they can get netflix to sign on, its can go and do the next season over there.
@samsonsoturian6013 😅😅😅😅😅😅😅😅😅😅😅😅😅 Bro, markets completely manipulated. Doesn't mean you can't make money. But our markets beyond irrational and most everything is extremely overvalued. It's all about pump and dumps.
I swear I remember hearing that paramount+ and MAX were going to merge their streaming services to have a better chance of competing with Disney/hulu and Netflix. Am I wrong?
As a woman i feel it is an unfair statement, i think personally it is a privilege problem and not so much a woman problem. There are women in poorer countries who excel in leadership roles. Rich white women are the most privilege of any class.
and to think that i became fascinated with the media landscape all because of Paramount Global Predecessor Viacom's false copyright strikes in the YTP Community
Ok let me get this straight: she rejects an offer where Apollo Global would pay a 200+% premium for the Paramount Global stock because she instead wants a deal where Paramount Global is sold 30% BELOW value because the latter deal yields her - but only her - a billion dollar profit? That screams for a lawsuit. I'm not a lawyer specialized in this field but this must be super illegal.
It seems quite obvious and evident that mergers aren't as ideal as people think they are. Yet these executives still seem obsessed with merging left, right and centre. They might be getting money but is the chaos and suffering of others worth it?
They could have had an instant win with the Halo TV show if they just stuck to the original story and didn't add any DEI garbage... but instead they told the fans to go F themselves with a broomstick.
For many, becoming CEO is a grift. They don't care about performance, they get into the role strictly for the money. If/When they fail, they'll get another shot elsewhere because they're now "seasoned". They do this a couple times, then just join boards, the next grift.
WBD also dying and once rumored to merge with Paramount. And if they merge and they still falling. From 1 single domino piece as falling of Modern Hollywood industries, turn into bundle of pieces.
I think Shari Redstone is acting like the owner in Major League. All the crappy contracts with the likes of Secret Hideout and figured the best thing to do is tank Paramount and sell it.
You should do an episode (if you haven't already) on the history of Netflix and how they came out of nowhere and just blew all the established media companies out of the water. I have no idea even who owns Netflix.
Netflix is still the most popular, they should just go back to the days when everything was on Netflix. They should just all license thier IPs to Netflix how they used to. A win for everyone.
Old media is dead. Like deader than dead. No one watches super overproduced, uninspired media anymore. UA-camrs/TikToker/Twitch streamers are more entertaining. Netflix will buy out their IP and that will be the end of it. Good riddance
Halo got butchered by paramount too, not just Star Trek. Unless the situation changes, paramount is going to get run into the ground and take everyone involved along with it
Idc about titles so calling me a misogynist does nothing, but does anyone else see the trend/ correlation of women being in charge of these companies or their strategies and the companies ultimately failing? I.e. Anheiser Busch, lucasfilm, Xbox/ Microsoft, Amazon etc.
"Linear video" is one ver-ree strange way of saying cable-TV. Are you feeling all right? And "Soomner" Redstone? Twice!! It's "Sumner," pronounced just the way it's spelled. Sum, not plus, ner. Methinks these are the errors of a Momma's Basement Baby: a kiddie who reads a lot and doesn't get out in the real world enough.
Headline: “Company Founder’s chosen successor immediately drives it in to the ground.” In other news, “Government incompetence abounds at highest levels, water is wet and more at 11”
Shari Redstone destroying a legacy when she was never involved in building an empire. This is the end result of nepotism and greed over being a responsible leader.
You see it at all scales, fak wits running their parents companies into the ground, destroying livelihoods, all for the sake of "face"
@@Daynation69 Catherine The Great: Sup.
Elizabeth I: Hows it goin?
@@-Trinite- love you 🙏. Keep up the good work m8
spot on
@@-Trinite- you should engage these nuts
Another example of someone born into extreme wealth, believing they deserve to be even richer, through no skill or achievements of their own.
It's a rich people's world and we're just living in it. We're just pawns..
I have to admit, watching all these media companies and video game studios merging into giant conglomerates and slowly collapsing under their own bloated weight over the last few years has been morbidly fascinating. I know that it's going to have some definite economic repercussions for a number of reasons, but how often do you get to see an entire industry just fall over like this?
🍿
Free entertainment lol
@@durkdiggler4346it’s better than the entertainment they offer for sale.
Stock went from $40 to $100 then to $50 ...now $10. She's lost people so much money.
Worst of all is the bastardization of Star Trek
You deserve it if you’re playing stocks (gambling)
People investing in this bullshit shouldn't blame others for losing money.
The sudden jump and fall that you can see as a thin peak isn't really anyone's fault given it was due to an unrelated fund trying to stay afloat when their ponzi scheme fell apart.
@@iheartlreoy8134def not a gamble, very easy to automate your own brokerage account, if u broke just say that🤷🏾♂️
So wait, Redstone acted in her own interest above those of the rest of the company? Shocker…
You can say the same about Les Moonves
Is he’s Les, I’d hate to see more. 🥁
Fiduciary duty to act in interest of “all shareholders “
Never heard of SkyDance, but I know Paramount very well, even worked for the company personally. However, Lady Redstone has been trying to steal the company and ruin it since Sumner went on his death bed. She isn't in it for the content or business, she's in it to make money and ditch the company.
Usually what happens when people get their jobs from nepotism.
Billionaire creating their own market to tank their corporations and enrich themselves and jump ship. Like always…..
" she's in it to make money and ditch the company." And then she plans to do what? Paramount is her family legacy, what she will do after ditch it?
The worst part is that the Apollo deal is still getting her a shit ton of money, she is rejecting the deal over a small percentage gain. rejecting the hassle free 1.8 billion for the contested 2 billion.
It's called incompetence
200m is a lot of money
Grandma only see the company as a money cash cow. Sadly paramount would probably die from obscurity slowly but surely.
@@zKseryindeed so is 1.8 billion maybe she’s being greedy
The worst part is her & her father look like fucking demons. They don’t look human at all, the only one who did was the founder. More proof that the kids of people who are rich and successful eventually just devolve into sociopathic creatures not worth living. But hey, we enjoy a world with problems and people who cause them.
As soon as Star Trek: Strange New Worlds began with Spock’s softcore foreplay in his billionaire Vulcan penthouse . . . I knew Paramount was in trouble.
🤣🤣🤣🤣
chocolate rain
and thats why we cant have nice Star Trek
Star Trek Discovery was good now so.
Discovery was awful. Everything woke turns to crap. RIP Trek.
I refuse to consider Discovery as being Star Trek. Dark, dystopian action SciFi is not Star Trek.
@@bobbym6130 lol Star Trek was always woke. It was the whole point why Rodenberry came up with it. You're no Star Trek fan, you miss the ethos of the show entirely.
@@bobbym6130 Ain’t Star Trek always been woke lol
The only person killing Paramount is Shari Redstone. It's only hope is to merge with one of the other middling studios that hasn't scaled up like Warner Bros... Skydance doesn't have the best leadership if you haven't been paying attention and has only stayed in business because of the owners daddy who founded Oracle...
Great, another Nepo baby, just a company need when someone has to turn the tide.
Aren't there laws or rules that prevent one greedy grandma from killing a company like that? The whole business world knows how poorly the deal for sky dance was and poorly paramount plus performs and how poorly she is "managing" this company. Thats just wild
Yes, in fact she would have a contract being CEO that would outline her responsibilities. And she has a duty to the shareholders, not HERSELF, to make them profit. When they do this, they open themselves up to legal consequences like lawsuits and even jail. Shari Redstone needs jail time lol. She knows damn well what she is doing and needs to be stopped. Give her shares to some non-profit. She doesn't deserve them.
So there's over 800 shows produced in a year, and I saw none of them. Great business right there!
Always happens when family member takes control thinking they think the same way as the founder 🙄🥴🤦♀️🤡💀
I don't get it. They have some of THE BEST quality shows out of any streaming service... Yellowstone and all of its prequels r AMAZING. There is absolutely no reason y they should b cancelled just because some greedy CEO wants more money 😡
I used to watch Yellowstone, it's great. but then they tried to make me pay an extra premium to get Paramount plus. no thanks!
Other than Yellowstone and Bar Rescue, what does Paramount have that's so good? The Halo show is a COMPLETE DISASTER
That could just as easily move to a new service. Paramount is just how those people were making money. If they can get netflix to sign on, its can go and do the next season over there.
Nepotism at its best
The U.S. Stock market is a quasi-governmental ecosystem now
Yep, cash doesn't mean much anymore it's all about stock
Vhut? No one controls the market
@@samsonsoturian6013 ur braindead
@samsonsoturian6013 😅😅😅😅😅😅😅😅😅😅😅😅😅
Bro, markets completely manipulated. Doesn't mean you can't make money. But our markets beyond irrational and most everything is extremely overvalued. It's all about pump and dumps.
@@jamesbillingsby8043Warren Buffet seems to agree
Nepo hires like her are the best ticking time bombs for these bloated companies.
I swear I remember hearing that paramount+ and MAX were going to merge their streaming services to have a better chance of competing with Disney/hulu and Netflix. Am I wrong?
I remember that too. It's still the best option IMHO...
You got it wrong, it was Peacock. Not HBO Max.
2:59 horror inducing image. It's like aliens walk among us
Women with agendas in charge of decision making seem to always be to the detriment of fans
Exhibit A: Kathleen Kennedy
As a woman i feel it is an unfair statement, i think personally it is a privilege problem and not so much a woman problem. There are women in poorer countries who excel in leadership roles. Rich white women are the most privilege of any class.
Dysfunction is endemic in Hollywood
approximate monthly cost is highly misleading as that Netflix is for the base mode with no 4k content unlike the other services.
and to think that i became fascinated with the media landscape all because of Paramount Global Predecessor Viacom's false copyright strikes in the YTP Community
Sounds a lot like the debacle of a "merger" recently announced between Uniti and Windstream. Would love to hear your analysis of that one.
One reason Paramount streaming sucks is the fact they make awful content like Discovery. What an embarrassment and brand killer.
Ok let me get this straight: she rejects an offer where Apollo Global would pay a 200+% premium for the Paramount Global stock because she instead wants a deal where Paramount Global is sold 30% BELOW value because the latter deal yields her - but only her - a billion dollar profit? That screams for a lawsuit. I'm not a lawyer specialized in this field but this must be super illegal.
Ahh nepotism and class warfare. A classic mix
Look at the photo 10 seconds in. The only one who is not a complete scumbag (yes Phil, I remember you) is Sponge Bob.
One example why there should be inheritance tax.
Very simple. AK Star Trek. Could have got rid of AK. Instead they rehired him. If you do something that stupid, you're done.
It seems quite obvious and evident that mergers aren't as ideal as people think they are. Yet these executives still seem obsessed with merging left, right and centre. They might be getting money but is the chaos and suffering of others worth it?
Youre glossing over rhe star trek rights cluster F and also cbsAllAccess
They could have had an instant win with the Halo TV show if they just stuck to the original story and didn't add any DEI garbage... but instead they told the fans to go F themselves with a broomstick.
For many, becoming CEO is a grift. They don't care about performance, they get into the role strictly for the money. If/When they fail, they'll get another shot elsewhere because they're now "seasoned". They do this a couple times, then just join boards, the next grift.
I think these big corporation having a monopoly on movies and tv shows is a bad thing and hope they break up into smaller and more diverse pieces.
WBD also dying and once rumored to merge with Paramount. And if they merge and they still falling. From 1 single domino piece as falling of Modern Hollywood industries, turn into bundle of pieces.
You go Girl-Boss 🙄
I like how the instead of fixing a broken company they just make a bigger mess. Over and over.
I won a free paramount+ subscription and still didnt use it
I think Shari Redstone is acting like the owner in Major League. All the crappy contracts with the likes of Secret Hideout and figured the best thing to do is tank Paramount and sell it.
You should do an episode (if you haven't already) on the history of Netflix and how they came out of nowhere and just blew all the established media companies out of the water. I have no idea even who owns Netflix.
Netflix is still the most popular, they should just go back to the days when everything was on Netflix. They should just all license thier IPs to Netflix how they used to. A win for everyone.
When a Canadian's cable/Sat TV monthly payment explodes overnight to an eye-popping $200+, it's time to cancel a-s-a-p.
How do you distribute South Park and go broke?
You have to be taking all the money from the company and lining your own pockets.
-30 billion its ok they can make that up all good.
They need to invest in EVS I hear that's a good investment.
See you next Tuesday
Sounds like Sherri isn't as good at heer father's business as she thinks she is.
We're never getting good Trek again, are we?
Nope
Thanks for the break down
They may have lost money but at least they didn’t rape anyone…. “Their channels like Nickelodeon” oh😢
That is greed incarnate.
Redstones look like ghouls
And she'll get a massive golden parachute.
Not sure about your analysis after the complete whiff with btc.
Crooks run everything
The best thing about paramount global implosion is me getting a cheap streaming service
Nepotism.
Consequence of nepotism
Star and Trek merged to become StarTrek. Captain KIRK will be named CEO of this joint venture. Shares are up to infinity and beyond!
2:18 You might as well say 'bet' since you mentioned every single channel anyway.
Side note: TIL they own Pop & CW 0:24
Corporate Criminals
Excellent upload.
Have we seen a woman in charge actually bring a company back?
At least we have nice Star Trek
Old media is dead. Like deader than dead. No one watches super overproduced, uninspired media anymore. UA-camrs/TikToker/Twitch streamers are more entertaining.
Netflix will buy out their IP and that will be the end of it. Good riddance
Sounds like Tesla and the antisemite 😂
Soom-ner?
The point of these episodes seems to be: " If you can't beat then, join them"
Ahemm, Kathleen Kennedy would like to have a word with you
I honestly don't know who's worse
"some ner" Redstone,kid. G
Let me text Brittany example of corporate leadership being out of touch of their target demographics, and changing business landscape
Halo got butchered by paramount too, not just Star Trek. Unless the situation changes, paramount is going to get run into the ground and take everyone involved along with it
Merging w Sony sounds like the honest thing to do 😂🎉
Redstones have been in the game a long ass time.
If you think the reason paramount isn’t a market leader is because of its poor governance, I got a bridge to sell you…
It’s pronounced Some-ner Redstone. Not Soom-ner.
she is just trying to screw her shareholders😢
but she forgot she will lose the most if nothing goes through in the end.
StarTrek is killing them
Sumner not Soomner.
Idc about titles so calling me a misogynist does nothing, but does anyone else see the trend/ correlation of women being in charge of these companies or their strategies and the companies ultimately failing? I.e. Anheiser Busch, lucasfilm, Xbox/ Microsoft, Amazon etc.
I didnt realize Phil Spencer is a woman. Maybe he's trans, I guess😶
4:25 Burning question: Is she short, or is everyone else that tall?
Shareholder of paramount recently
Nepobaby tryong to burn all Daddys hard work to the ground to make a quick buck. How incredibly unsurprising.
Nice
"Linear video" is one ver-ree strange way of saying cable-TV.
Are you feeling all right?
And "Soomner" Redstone? Twice!! It's "Sumner," pronounced just the way it's spelled. Sum, not plus, ner.
Methinks these are the errors of a Momma's Basement Baby: a kiddie who reads a lot and doesn't get out in the real world enough.
We need more women at the top.
Did she approve that horrible Star Trek Discovery?
Headline: “Company Founder’s chosen successor immediately drives it in to the ground.”
In other news, “Government incompetence abounds at highest levels, water is wet and more at 11”
Warren Buffet got out at a loss.
dradle community losing control
keep it up!
I feel like children shows are keeping these streaming services alive 😂
Sum-ner not soom-ner
Name one good company with a woman in charge, ill wait.
Had to turn this off after you can’t pronounce Sumner. Garbage out = garbage in
Seeing trevor noah and stephen colbert in the back should have been enough to crash it all together.
its pronounced "Summ - Ner" not "soomner"
Narrator sounds like AI.
Billion
Million
What company has prospered under female leadership?