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    Home»Nerd Culture»Paramount, Skydance Merger Clears Major SEC and EU Hurdles
    Nerd Culture

    Paramount, Skydance Merger Clears Major SEC and EU Hurdles

    Heath AndrewsBy Heath AndrewsFebruary 14, 20252 Mins Read
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    The world of mergers and acquisitions doesn’t always sound like an exciting thing. Sure, Oliver Stone can make it sound intense via Gordon Gecko in “Wall Street,” but it’s normally not that thrilling. It can however, be terrifying in a way. When there are only so many big players in Hollywood, takeovers and mergers can mean fewer voices and avenues for creatives.

    That’s one of the big reasons why we’ve been following the saga of Paramount and its merger with Skydance.

    Skydance Animation

    You may know multinational companies have at least two major areas they have to clear to get a merger approved- the United States and the European Union. In the United States, the business deal has to pass through a number of government channels. These channels can include the FCC, SEC, FTC, and Department of Justice. The EU clearance was granted earlier this week, and now the SEC has cleared it, too.

    The FCC is currently being led by Brendan Carr, an appointee of President Donald Trump. One of the questions hanging over this approval is if Trump will be vindictive towards Paramount and use Carr as his proxy. Trump is currently engaged in a lawsuit with the CBS news program, “60 Minutes” regarding an interview with Kamala Harris. The suit alleges the interview was edited to make Harris appear “cohesive and decisive,” and that this was a deceptive thing to do. Trump is suing for $20 billion in damages. (“60 Minutes” has released the unaltered raw tapes of the interview in question.)

    Unsplash

    Maybe this ongoing lawsuit won’t play into the FCC’s decision and the process will be completely objective. The notion that it may not be though, and that petty vindictiveness could affect this just goes to show the dangerous conflicts of interest that are happening. This is also on top of the previous concerns we mentioned about mergers affecting the number of avenues available for people in Hollywood to get things produced and made. We’ll be keeping our eyes out to see how things progress for Paramount and Skydance.

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    Heath Andrews

    Heath Andrews has been a student of pop culture ever since he found himself to be the only student in 3rd grade who regularly watched "Get Smart" on Nick-At-Nite. Ever since then he's been engrossed in way too much media with a growing collection of music, books, comics, TV on DVD box sets, and a video game collection that could rival a brick and mortar store. Prior to writing for Nerdbot he's written for Review You, MyAnimeList, and various advertising companies. Since 2016 he's run his own YouTube channel under the moniker of The Critical Android where he livestreams video games and uploads podcasts about pop culture and Frasier.

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