Sony, yes, the company behind PlayStation, is reportedly considering a bid to acquire Paramount, a company that currently owns major media companies like Nickelodeon and MTV, as well as Paramount Pictures and Paramount+ – although you’ve probably guessed To these latter two – under its umbrella.
Sony and an investment firm called Apollo Global Management are considering making a joint offer to acquire Paramount, but have yet to actually submit such a proposal, The New York Times and Bloomberg reported. Both added that Paramount is still in exclusive talks with another company, Skydance Media, about a potential merger.
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Sony joining the process would appear to make Paramount less worried about the cash behind any bid, something it was thought to have worried about with its previous $26 billion bid for Apollo, thanks to the gaming giant’s ” Strong financial resources.”
While the acquisition doesn’t appear to be a done deal, Sony does already have some sway in film and TV, some of which influences its game development – Spider-Man Studios and Columbia Pictures being the obvious example – though It doesn’t have a major streaming service available.
If Sony does a Paramount deal with Apollo, we could be in for some interesting situations, as Paramout+ is the current home of the Halo TV series, which just recently aired its second season. The show received a better response than the first season, which was overall somewhat polarizing.
To be clear, though, Sony won’t be buying the Halo IP itself, which is still very much a matter for Microsoft, with 343 Industries (an Xbox game studio) being its current custodian and actually working with Showtime Networks Made the Halo IP. Paramount+ show.
Sony could also make some money from films like “Star Trek,” “Mission: Impossible,” and, if Nickelodeon gets on board, “SpongeBob SquarePants.” I’m sure there are three series that have a similar audience.
Who knows where all this corporate chess will end up, but hey, it’s a thing.
