As 2023 wound down, the trade press was abuzz with news that Shari Redstone, heiress to Sumner Redstone’s National Amusements and the Paramount Global media empire, was entertaining various M&A proposals.
Paramount has long been seen as an M&A target destined to be gobbled up, or even broken up, by the larger players in the market. While some potential suitors might see the company’s Paramount Plus streaming platform as well as it’s popular FAST service Pluto TV as the crown jewels, others are eyeing some of the conglomerate’s TV assets, or its production studios and storied library.
