Byron Allen Makes $30 Billion Offer For All of Paramount Global

Byron Allen, who made headlines last year with his unsolicited bid to buy key assets from Walt Disney, is at it again with a $30 billion offer to acquire Paramount Global, Allen Media Group confirmed to sources.

Allen, whose Allen Media Group owns The Weather Channel, LocalNow, and more than two dozen local affiliate channels, is offering $28.58 for each voting share of Paramount, more than a 50% of its Tuesday closing price of $13.68, according to Bloomberg, which first reported on the news. The deal also includes an offer of $21.53 for non-voting shares. The offer to buy the outstanding shares equates to $14.3 billion, it said.

Despite its size and breadth of assets, Allen Media Group had largely operated quietly, ironic given Allen’s roots in comedy and show business. But the spotlight shone on the company after Allen made a $10 billion unsolicited bid for the ABC network, affiliates and cable channels like FX last summer, an offer Disney ultimately turned down.

Allen also pursued BET when Paramount shopped the cable network around last year, although that deal also fell short, despite some chatter in December. Now, Allen Media Group is back to buy the entire company.

“Mr. Byron Allen did submit a bid on behalf of Allen Media Group and its strategic partners to purchase all of Paramount Global’s outstanding shares,” a spokesman for Allen Media Group told sources. “We believe this $30 billion offer, which includes debt and equity, is the best solution for all of the Paramount Global shareholders, and the bid should be taken seriously and pursued.”

A spokesman for Paramount declined to comment.

The offer comes amid increased chatter of Paramount looking to make a deal, with Warner Bros. Discovery CEO David Zaslav and Paramount CEO Bob Bakish in talks about a potential merger. While that the prospects of a transaction there has fizzled, Skydance Media CEO David Ellison, whose studio was behind Paramount films like Top Gun: Maverick and Transformers: Rise of the Beasts, has also made a preliminary bid to buy National Amusements, the company run by Shari Redstone that owns a controlling stake in the media company.

Allen doesn’t want to keep the entire company. He intends to sell the Paramount film studio, one of the most storied in the entertainment business, the real estate and its intellectual property. He will keep the TV channels like Comedy Central and Nickelodeon, as well as its Paramount+ streaming service, according to Bloomberg.

The report also said he sent his offer via text message to senior management and the board members.

This isn’t the first time Allen has made an offer for a major media asset. Beyond his bids for BET and the Disney assets, he also tried to buy TV station owner Tegna and even an NFL football team.

The Simpson's History With The Gameboy With Game Included

Acclaim Entertainment teamed with Imagineering to release Bart Simpson's Escapes From Camp Deadly in 1991. The summer camp horror story was notable released before the show's intake of this idea in the season 4 episode titled Camp Krusty.

Acclaim Entertainment then also rushed out the continuation of Bart's handheld conflict in 1992 with The Simpsons: Bart Vs. The Juggernauts. The game's designers pulled out the idea from the most sacred of institutions which was American Gladiators.

Later that year, the handled Krusty's Funhouse also by Acclaim Entertainment was shipped on Gameboy. It was an impressively huge puzzle game featuring as many brain twisting levels as the console and computer versions.

It took a short break when the Bart mark started a waver and came back in 1993 with Itchy & Scratchy In Miniature Golf Madness. Surely these kids were clambering to have these two violent characters to play in an orderly game.

Itchy And Scratchy In Miniature Golf doesn't end with a bang but a whimper as Acclaim Entertainment exits the Gameboy with Bart And The Beanstalk in 1993. The game merges the existing universe of The Simpsons television series with the fairy tale of Jack and the Beanstalk.

Uncovered by Bartmania, THQ and Software Developer released what is the most memorable games in the Simpsons franchise titled The Night Of The Living Treehouse Of Horror in 2001. In colour and featuring the entire family released too late to make much of a splash.

The Simpsons made a leap to the Gameboy Advance courtesy of the THQ and Voltron with The Simpson's Road Rage in 2003. Based on the fun and fully 3D, the console game developed by Radical Entertainment plays like the paper craft taxi racing game you never wanted.

In total, The Simpsons managed to immense amount of 7 handheld games which is impressive for any handheld series.

Credits: Noiselandco

What Happened To NickMusic Africa On Nicktoons?

In 2021, Nickelodeon acquired NickMusic which is known as a linear channel in various feeds across the world and converted it into a TV show for sister brand Nicktoons. By the fall of 2023, NickMusic was quietly scrapped from the lineup leaving the window open for more SpongeBob.

In an enquiry to Paramount Africa over the sudden disappearance of NickMusic Africa had responded to say it will be back later in the year. Which is strange as Nicktoons would often just rehash previous episodes only for them to have scrapped it entirely.

Could it be that NickMusic will move to Nickelodeon with repeats on Nicktoons I mean the channel has lost touch of reality as it appears to have undergone a mini-merge with global feeds. They already offer Transformers: Earthspark, Monster High and Big Nate.

Nickelodeon did rollout a new on air look last year and had been spreading it across various platforms. Of course, the feeds in Africa and various international regions have yet to update their designs.

If anything, it's likely NickMusic Africa is playing a part in this maybe Nickelodeon wants to give the studio a new design. But questions amount to when Nick Jr. and Nicktoons would rebrand as Paramount promised end of the year for Nick Jr. but none of that came to pass.

Police Report Of Ms. Grant's Accusations Against Vince McMahon (PDF)

The lawsuit, filed in U.S. District Court in Connecticut, alleges that Mr. McMahon, who was subject to an internal investigation in 2022 over allegations of misconduct, sexually exploited and trafficked the former employee, Janel Grant, from 2019 to 2022.

Click the link for the full police report: Download Now

WWE Boss Vince McMahon Accused Of Sexual Assault And Trafficking

WWE boss Vince McMahon was accused Thursday of sexual assault, trafficking, and physical and emotional abuse in a graphic lawsuit by a woman who previously worked for the pro wrestling giant.

McMahon is executive chairman of the board of TKO Group Holdings, which was formed last year by a merger of his wrestling company and the mix-martial arts company UFC.

The suit by Janel Grant — which alleges McMahon directed her to have sex with a WWE “superstar” and other men — seeks to void a nondisclosure agreement that Grant said she reached with McMahon in 2022. She said he agreed to pay her $3 million as part of that deal.

The suit says McMahon paid her $1 million “but failed to make any further payments.” Grant was one of several women who received payouts from McMahon over the years.

In addition to the 78-year-old McMahon, the suit filed in U.S. District Court in Connecticut names WWE and John Laurinaitis, the former head of talent relations and general manager, as defendants.

The complaint comes six months after federal law enforcement agents executed a search warrant on McMahon and served him with a grand jury subpoena as part of an investigation into McMahon’s payment of millions of dollars to multiple women after allegations of sexual misconduct.

McMahon last March paid WWE $17.4 million to cover costs related to a probe of the payouts by a law firm retained by the company.

TKO Group on Tuesday announced that Netflix would pay $5 billion over 10 years to stream the WWE’s flagship program “Raw,” and carry all other WWE shows and specials outside the United States.

Grant’s lawyer, Ann Callis, in a statement, said, “Today’s complaint seeks to hold accountable two WWE executives who sexually assaulted and trafficked Plaintiff Janel Grant, as well as the organization that facilitated or turned a blind eye to the abuse and then swept it under the rug.”

“She is an incredibly private and courageous person who has suffered deeply at the hands of Mr. McMahon and Mr. Laurinaitis,” Callis said. “Ms. Grant hopes that her lawsuit will prevent other women from being victimized. The organization is well aware of Mr. McMahon’s history of depraved behavior, and it’s time that they take responsibility for the misconduct of its leadership.”

In a statement to CNBC, TKO Group said, “Mr. McMahon does not control TKO nor does he oversee the day-to-day operations of WWE.”

“While this matter pre-dates our TKO executive team’s tenure at the company, we take Ms. Grant’s horrific allegations very seriously and are addressing this matter internally,” the company said.

A spokesman for WWE did not immediately respond to requests for comment.

Netflix To Become The Exclusive Home Of WWE Network Beginning In 2025

WWE, part of TKO Group Holdings, Inc., and Netflix today announced a long-term partnership that will bring WWE’s flagship weekly program – Raw – to the world’s leading entertainment service. This marks a major programming shift as Raw leaves linear television for the first time since its inception 31 years ago. 

Beginning in January 2025, Netflix will be the exclusive new home of Raw in the U.S., Canada, U.K. and Latin America, among other territories, with additional countries and regions to be added over time. Likewise, as part of the agreement, Netflix will also become the home for all WWE shows and specials outside the U.S. as available, inclusive of Raw and WWE’s other weekly shows – SmackDown and NXT – as well as the company’s Premium Live Events, including WrestleMania, SummerSlam and Royal Rumble. WWE’s award-winning documentaries, original series and forthcoming projects will also be available on Netflix internationally beginning in 2025. 

“This deal is transformative,” said Mark Shapiro, TKO President and COO. “It marries the can’t-miss WWE product with Netflix’s extraordinary global reach and locks in significant and predictable economics for many years. Our partnership fundamentally alters and strengthens the media landscape, dramatically expands the reach of WWE, and brings weekly live appointment viewing to Netflix.”

“We are excited to have WWE Raw, with its huge and passionate multigenerational fan base, on Netflix,” said Netflix Chief Content Officer, Bela Bajaria. “By combining our reach, recommendations, and fandom with WWE, we’ll be able to deliver more joy and value for their audiences and our members. Raw is the best of sports entertainment, blending great characters and storytelling with live action 52 weeks a year and we’re thrilled to be in this long-term partnership with WWE.”

“In its relatively short history, Netflix has engineered a phenomenal track record for storytelling,” said Nick Khan, WWE President. “We believe Netflix, as one of the world’s leading entertainment brands, is the ideal long-term home for Raw’s live, loyal, and ever-growing fan base." 

With 1,600 episodes to date, Raw is the most iconic show in sports entertainment. Since its debut in 1993, Raw has delivered action, compelling drama and unmatched athleticism – 52 weeks a year. Blending the best of scripted content with unpredictable live entertainment, the three-hour show has helped launch the careers of Dwayne “The Rock” Johnson, “Stone Cold” Steve Austin, Triple  H, John Cena, Roman Reigns, Bianca Belair and Charlotte Flair. 

The show is currently the No. 1 show on USA Network, where it brings in 17.5 million unique viewers over the course of the year. One of television’s best performing shows in the 18-49 advertising demographic, Raw trends on X 52 weeks a year while each new episode is airing. On social media, WWE has more than one billion followers across its platforms.