WILL BRONFMAN RETURN TO SHOWBIZ?
Former WMG, Universal and Seagram chair Edgar Bronfman Jr. is interested in returning to the entertainment industry, according to The Wall Street Journal. Backed by Bain Capital, Bronfman is in the mix to acquire Paramount Global, with a reported bid of $2b+.
The sale of the Redstone family's stake in Paramount Global would give the new owners a controlling stake of roughly 80%. On 6/11 Shari Redstone killed Skydance Media's monthslong attempt at acquiring the media company, walking away from a $1.75b bid.
Media analysts are now labeling Bronfman's bid as one of the few legitimate offers remaining for Redstone to ponder.
Bronfman may be the most controversial mogul in music-business annals, but he has few, if any, rivals when it comes to the buying and selling of high-value properties, notably two of the Big 3 music groups. The pertinent details can be found here.
NOW WHAT?
We have no fucking idea.
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
WHO'S BUYING THE DRINKS?
That's what we'd like to know.
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