Sony & Paramount Sign Non-Disclosure Agreement Allowing Deal Talks To Start

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Sony has signed an NDA with Paramount Global, a move that will give it access to the books and allow deal talks to move ahead, sources hears.

Sony and private equity giant Apollo kicked things off previously with a preliminary bid of $26 billion, but what’s being contemplated now is not that, but something narrower. A look at the books is necessary to move forward in any case.

The non-disclosure agreement comes two weeks after a Paramount’s month-long exclusive negotiating window with David Ellison’s Skydance ended with no deal but the indie studio still hanging in, still interested.

After a few weeks passed with no Sony NDA, there’s was speculation its interest was waning as it considered the significant regulatory hurdles, and that’s possibly what’s at play in looking for a different kind of deal.

Sony just wants the studio. Some industry players believe Apollo mostly wants the studio lot as a real estate play. Paramount Global’s CBS broadcast assets might need to be sold off. Sony might not be able to own them under foreign ownership regulations, and may not want to. As things stand, Apollo’s current station holdings would put it over the Congressionally mandated broadcast cap.

Hollywood values the lot and is backing Ellison, although some question the circa $5 billion valuation put on the company as part of a proposed two-step deal. Skydance said its latest capital raise in the fall of 2022 valued it at over $4 billion. A merger of two studios envisioned in a Sony deal is, of course, unpopular with the town that saw downsizing when Disney acquired 20th Century Fox. Combining another two studios also poses a regulatory risk.

Paramount Global shareholders, on the other side, kind of hate the Skydance deal since it leaves the company public with the bulk of proceeds going to Redstone to acquire her controlling stake. Ellison, backed by Larry Ellison and Gerry Cardinale’s RedBird Capital, sweetened the pot once offering to buy out some shares from common shareholders. It did not appease them and its not sure anything would. It’s also not clear if they have a case to sue as they’ve been threatening legal action from day one. The Skydance deal would keep the company together at least at first and inject fresh capital into highly indebted company. Jeff Shell would step in to run things under David Ellison.

Shareholders loved the Sony-Apollo $26 billion cash offer. It will be interesting to see what they think with that no longer on the table.

Disney, Fox and WBD Unveil Name of Sports-Streaming Venture: Venu Sports

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The joint venture of Disney/ESPN, Fox Corp. and Warner Bros. Discovery to package together a sports streaming bundle has a name — Venu Sports.

“We are excited to officially introduce Venu Sports, a brand that we feel captures the spirit of an all-new streaming home where sports fans outside of the traditional pay TV ecosystem can experience an incredible collection of live sports, all in one place,” Pete Distad, CEO of Venu Sports, said in a statement. “As preparations for the platform continue to accelerate, we are singularly focused on delivering a best-in-class product for our target audience, built from the ground up using the latest technologies to engage and entertain discerning sports fans wanting one-stop access to live games.”

Disney, Fox and WBD unveiled their partnership in February, positioning the new streaming bundle as a way to reach consumers who don’t subscribe to pay TV. It’s pegged to debut in the fall of 2024. The trio in March announced the hiring of Distad, who worked for a decade at Apple and most recently was responsible for Apple TV+ business, operations and global distribution. Distad is based out of the Venu Sports offices in L.A.

Pricing and a specific launch date haven’t been announced for Venu, which will combine ESPN+ with the three companies’ linear TV networks that carry sports programming (ABC, ESPN, ESPN2, ESPNU, SECN, ACCN, ESPNews, Fox, FS1, FS2, Big Ten Network, TNT, TBS and truTV).

When the joint venture was announced, some had jokingly dubbed it “Spulu,” a mash-up of “sports” and “Hulu,” which had originally been formed as a JV among TV broadcasters.

The venture also launched a new website at venu.com. A notice at the bottom of the landing page says, “Launch is conditional on receiving regulatory approval and is expected for Fall 2024.” The site’s terms of service indicate that it’s operated by “Rookie Enterprises, LLC,” a subsidiary of Fox Corp. In announcing the new name, the three companies also noted that the JV is still pending the “finalization of definitive agreements amongst the parties.”

The Justice Department reportedly has planned to review the three-way venture to look at anticompetitive implications, and last month two leading congressional Democrats expressed concerns that the JV may “result in higher prices for consumers and less fair licensing terms for upstream sports leagues and downstream video distributors.” Meanwhile, streaming TV provider Fubo filed a federal lawsuit seeking to block the JV service’s launch, alleging the venture violates antitrust laws. On May 2, Fubo, DirecTV, Dish Network, Newsmax and others sent a letter to members of Congress calling for hearings on the state of competition in the pay-TV market, specifically calling out the Disney-Fox-WBD joint venture as “rais[ing] serious competition concerns that call for Congress’s immediate oversight.”

Venu (pronounced “venue”) will be made available directly to consumers via a new app, the companies said. Subscribers will also have the ability to purchase it in a bundle, including with Disney+, Hulu or Max.

The JV’s new name and brand identity were developed in partnership with R/GA, a global design and advertising firm. According to a spokesperson for the company, the Venu Sports name “takes inspiration from where live sports lives: the stadiums, arenas, speedways, octagons, courts, rinks, ballparks and more, where fans come to watch and connect with the action.”

‘The Thundermans Return’ Gets Spinoff Series At Nickelodeon With Original Series Cast Members

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The superhero Thundermans are off to solve more crimes. Nickelodeon Studios has given a green light to a new spinoff series based on characters from the hit live-action movie The Thundermans Return.

The spinoff series will follow Phoebe and Max, played by original series cast members Kira Kosarin and Jack Griffo, who are sent undercover to handle a new threat in the seaside town of Secret Shores and bring Chloe (Maya Le Clark) along to develop her superhero talent. Production will begin in Vancouver in August, with premiere details to be announced at a later date.

In the spinoff, Chloe (Le Clark) forms a bond with two classmates while they investigate suspicious activity coming from the local school, who don’t realize their new friend has secret powers. As the danger increases, the Thunderman trio must stay in town indefinitely, leaving the squabbling twins in charge of raising their younger sister.

The Thundermans Return feature-length movie. based on the hit live-action superhero comedy series The Thundermans, follows the superpowered family as they attempt to live a normal life while using their superhuman abilities to stop crime. It premiered earlier this year to stellar ratings, ranking as the number-one entertainment telecast for the year to date in Live+3 across all cable among Kids 6-11. It reached 1.6 million Total Viewers throughout its premiere weekend (March 7-10) across airings on Nickelodeon and Nick At Nite (4 telecasts).

The Thundermans premiered on Nickelodeon in October 2013 and wrapped its four-season run in 2018, ranking as the number-one series across all TV among Kids 2-11 and Kids 6-11. Created and executive produced by three-time Emmy-winner Jed Spingarn, the scripted half-hour series follows superhero twins with opposite personalities, Phoebe and Max Thunderman, as they navigate their way through school, friends and a family of extraordinary superheroes, all while keeping their true identities a secret. .

The series is executive produced by Jed Spingarn (Big Time Rush, Jimmy Neutron) and Sean W. Cunningham & Marc Dworkin (The Thundermans, Julie and the Phantoms). Kira Kosarin is executive producing. Jack Griffo is also an executive producer on the series. Production of the series for Nickelodeon Studios is overseen by Shauna Phelan, Head of Nickelodeon & Awesomeness Live-Action. Brian Banks serves as Nickelodeon’s Executive in Charge of Production.

Mikey's Murphy's Law/Milo Murphy's Law | Pitch Pilot | Disney Channel

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Similar to the original pitch of Phineas and Ferb, the pilot of Mikey Murphy's Law (labeled "Mikey's Law") was a storyboard pitch of what would eventually become the first episode of Milo Murphy's Law, "Going the Extra Milo". It was leaked on April 26, 2024, alongside several other pilots from other Disney Television Animated shows.

The plot is relatively the same as that of "Going the Extra Milo" (barring a few lines that went unused, as well as Milo being named Mikey back then), but includes a couple of design changes. Most notably, Zack used to look completely different. Zack was initially of Caucasian ethnicity with a small, round nose, angular cheeks, and two wavy, angular plucks of hair from a widow's peak, as opposed to the spiky, slicked hairstyle he'd have in the actual series. Interestingly, this design appears to be later used for the final design of Kevin Grant-Gomez, one of the main characters for Dan Povenmire's later show, Hamster & Gretel. Bradley's design was also notably different, having a shorter, wider head, curly hair and big, half-round glasses, looking notably similar to Carl of Phineas and Ferb.

"Wizards Beyond Waverly Place": Disney Channel Reveals Official Title For Upcoming Spinoff To Wizards Of The Waverly Place

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Selena Gomez revealed the new Wizards Of Waverly Place spinoff will be known as Wizards Beyond Waverly Place during Disney’s upfront Tuesday. She also shared two first-look images you can find below.

The photos give fans a look at grownup Alex and Justin Russo, played by Gomez and David Henrie, who are reprising their roles. A secondary image introduces the spinoff’s new characters: Billie, portrayed by Janice LeAnn Brown, and the Russo family, played by Mimi Gianopulos (Giada Russo), Alkaio Thiele (Roman Russo) and Max Matenko (Milo Russo).

Wizards Beyond Waverly Place follows an adult Justin Russo, who has chosen to lead a normal, mortal life with his family, Giada, Roman and Milo. When Justin’s sister Alex brings Billie to his home seeking help, Justin realizes he must dust off his magical skills to mentor the wizard-in-training while also juggling his everyday responsibilities — and safeguarding the future of the Wizard World.

Premiere Date: From Disney Branded Television, the series is slated to premiere on Disney Channel and Disney+ later this year.

It was revealed in January that Disney Branded Television had greenlit a pilot which was followed by a series pick up in March.

Jed Elinoff and Scott Thomas serve as writers and executive producers, along with Gary Marsh, Gomez and Henrie. Andy Fickman directed and executive-produced the pilot and will direct multiple episodes.

Raven's Home Cancelled After 6 Seasons On Disney Channel, Pilot Spinoff Titled Alice In The Palace In Development

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Raven-Symoné is extending her relationship with Disney, which she has called home for many years, with a new multi-year overall deal at Disney Branded Television. Under the pact, she will produce, direct, and develop projects across linear and streaming, with a focus on multi-cam comedies.

First off, she will executive produce and direct sitcom Alice in the Palace, which has received a pilot order. It is an Alice-centered spinoff from Raven-Symoné’s Disney Channel multi-camera comedy series Raven’s Home, which will not return for a seventh season. Its most recent Season 6 concluded its run in September 2023.

The deal with Raven-Symoné, which also includes continued acting and hosting opportunities, and the order for Alice in the Palace fits into Disney Branded Television’s strategy of building a new Disney Channel lineup of multi-camera sitcoms. In doing that, the company’s executive team has been leaning into classic Disney Channel IP. The Raven’s Home spinoff follows the pilot order for a Wizards Of Waverly Place followup, executive produced by Selena Gomez, which went to series titled Wizards Beyond Waverly Place.

Alice in the Palace picks up when Alice (Mykal-Michelle Harris), Raven’s young cousin, returns to England and reunites with Duchess Clementine (also portrayed by Harris), a young royal who looks exactly like her. In the process, Clementine gets a taste of the fun side of “normal” life, while Alice gets a taste of the finer side of “regal” life.

Raven’s Home developers Jed Elinoff and Scott Thomas will write the pilot and executive produce.

“Raven is a true trailblazer who constantly pushes creative boundaries in acting, producing, and directing,” said Ayo Davis, president, Disney Branded Television. “For six incredible seasons, Raven’s Home has been a cornerstone series for Disney Channel, bringing joy, laughter, and tackling real-life issues in a relatable and meaningful way for kids and families. We are delighted to continue our close relationship with Raven for many years to come, starting with new spin-off Alice in the Palace.“

Raven’s Home, a spinoff from Raven-Symoné’s teen sitcom That’s So Raven, earned five Children’s and Family Emmy nominations during its run. Raven-Symoné’s credits also include Disney Channel original movies The Cheetah Girls and Cheetah Girls 2, which she starred in and executive produced. On Broadway, she appeared in Sister Act, and she also starred in feature films A Girl Like Grace, College Road Trip, The Princess Diaries 2: Royal Engagement, Dr. Dolittle and Dr. Dolittle 2. In addition to her work as star, executive producer and director on Raven’s Home, she’s directed episodes of Disney Channel series Sydney to the Max and Pretty Freekin Scary.   

“Disney Channel has been the canvas for my creative expressions since I was 15 years old,” added Raven-Symoné. “After years of telling stories filled with heart, laughter, and togetherness, I’m excited to embark on the next chapter of this creative journey alongside my Disney family.”  

Raven-Symoné has been honored by the NAACP Image Awards, Daytime Emmy Awards, Gracie Allen Awards, NAMIC Vision Awards, Teen Choice Awards, BET Comedy Awards, Kids’ Choice Awards and Black Reel Awards. She is repped by Verve and The Pacella Law Group.  

Development Alert (Rumour): Invincible Fight Girl Commissioned By Cartoon Network Might Be Heading To Adult Swim

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Invincible Fight Girl is an upcoming American animated action-comedy television series created by DC Super Hero Girls' Juston Gordon-Montgomery. It follows Andy, a young girl who dreams of becoming the greatest pro wrestler of all time.

Assuming the wrestler alias "Fight Girl", Andy sets out into the bizarre and colorful Wrestling World, determined to make a name for herself. Along the way, she meets cynical retired champ, Aunt P; the endearingly innocent Mikey, a great wrestling analyst-in-the-making; and the unscrupulous Craig, who doesn’t so much love wrestling as he does scheming ways to profit off it. 

The series was greenlit by Cartoon Network in 2021 alongside Unicorn Warriors Eternal and My Adventures With Superman. It had since then through several delays due to corporate restructure which had several already completed films and series being erased from existence. 

There were others like Batman: Caped Crusader and Merry Little Batman that were shipped to rival platforms, Amazon Prime Video. With some positioning being done to Cartoon Network as shows like Unicorn Warriors Eternal and My Adventures With Superman fold under Adult Swim.

Cartoon Network is no stranger to character driven content as there was Samurai Jack, Ben 10 and Adventure Time. But for some reason, it seems like corporate is trying to keep such content away from the channel and focus more on comedic shows. 

During the week, a user on X had mentioned Invincible Fight Girl was being previewed on Adult Swim due to its wrestling plot. This means Tiny Toons Looniversity would be the only original program on the network in 2024 as the latter Inyanu: Child Of Wonder and Totally Spies! are licensed. 

Although, there hasn't been official confirmation it wouldn't seem far fetched considering how originals on both Cartoon Network and Cartoonito has been screwed over in the last months.

Interesting Fact: Boomerang Would Have Become A Preschool Channel By 2005 Or 2006

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Tickle U was Cartoon Network's first attempt at a rival offering with Nick Jr. and Disney Jr. It debuted as a programming block on August 22, 2005 to January 13, 2006 with shows like Peppa Pig, Gerald McBoing Boing, Firehouse Tales and Little Robots.

Very little was known at the time at what led to inevitable demise of various theories did come to mind. One was the rival offering viewed on the as mentioned Nick Jr. and Disney Jr. brands with the other likely dealing with the content in general. 

Tickle U aired lesser known shows and the fact that Warner Bros. Discovery didn't browse their archives at the time. They had A Pup Named Scooby-Doo, Krypto The Superdog and Baby Looney Tunes all of which never made it to the preschool block.

However people familiar with the matter had outlined that Warner Bros. Discovery had considered making Boomerang a preschool channel. This would be through Tickle U trademark and with the channel likely to be revolvant on its content.

Despite it not materializing, Boomerang did however did start airing more modernized shows in the later years like Krypto The Superdog and Gerald McBoing Boing. It wasn't long till Warner Bros. Discovery's next attempt at the preschool market, Cartoonito.

Cartoonito was a household trademark in the UK before expanding to other parts of Europe. It formed part of Boomerang's family lineup with shows like Baby Looney Tunes, Interstellar Ella and Lu Lu And The Bally Bunch before taking up the rest of the channel. 

Warner Bros. Discovery And Weigel Broadcasting To Rollout New Children's Channel, MeTV Toons

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Classic TV network MeTV is turning its cartoon block into a new network. Owner Weigel Broadcasting Co. announced Wednesday that it will launch MeTV Toons as a new national TV network focused on classic animation, “from Hollywood-era shorts to made-for-television favorites.”

MeTV Toons, which launches June 25, is a collab between Weigel and Warner Bros. Discovery, which has licensed content featuring its animated characters including Bugs Bunny, Daffy Duck, Scooby Doo, Tom & Jerry, George Jetson, Top Cat, Yogi Bear, Popeye, Johnny Quest and Fred Flintstone. (MeTV already airs a daily program, “Toon In With Me,” which features a heavy emphasis on Warner bros. animated fare.)

Weigel touts MeTV Toons as “the only TV network destination dedicated exclusively to classic animation” — as Warner Bros. Discovery’s Cartoon Network companion Boomerang, which also runs old Looney Tunes, “The Jetsons,” “The Flintstones,” “Scooby-Doo” and Popeye shorts, also runs some more recent, post-2000 cartoon episodes.

Beyond Warner Bros. titles, MeTV Toons will also feature animated content from other studios and distributors, with properties including Rocky and Bullwinkle, Woody Woodpecker, Casper, Betty Boop and Speed Racer.

“We are honored to work with the amazing team at Warner Bros. Discovery and others on this network and bring together a truly incredible collection of the world’s best known and most loved classic cartoons, creating a new destination for everyone to discover or rediscover the sheer joy of watching cartoons on TV,” said Weigel vice chairman Neal Sabin. “MeTV Toons will be dedicated 24/7 to showcasing the biggest names and most beloved classic cartoons and animated characters. Everyone has a favorite cartoon; it is a universally loved art form. We are thrilled to bring those smiles and memories back to TV with MeTV Toons.”

Sabin added in an executive briefing on Wednesday: “The cartoons offered are going to help make this be the greatest animation network ever. Everybody has a favorite cartoon — just just think about the cartoons that you watched when you were younger and the nice warm, fuzzy feelings that they bring back. We’re going to bring those back to people every day in the MeTV way of doing things and this network is going to appeal to all ages and advertisers. It’s going to be multi-studio, multi-platform and multi-generational. It’s MeTV Toons, and it’s going to be really special.”

As part of the channel launch, animation historian Jerry Beck (whose books include “The 50 Greatest Cartoons,” “The Hanna-Barbera Treasury” and “Looney Tunes and Merrie Melodies: A Complete Illustrated Guide to Warner Bros. Cartoons”) will help produce original content related to the MeTV Toons library. Also, character actor Bob Bergen — who has voiced Porky Pig, Marvin the Martian and more, will serve as the signature voice announcer for MeTV Toons.

MeTV Toons will be available for distribution on over-the-air broadcast television, traditional and virtual operators, along with a complimentary offering for ad-supported streaming services. Besides MeTV and MeTV Toons, other Weigel networks include Heroes & Icons, Start TV, Catchy Comedy, Movies!, Story Television, Dabl and MeTV+.

“Neal and the team at Weigel have been long-standing and innovative licensing partners of Warner Bros. content for decades,”, said David Decker, president of content sales for Warner Bros. Discovery, in a statement. “Having some of the Studio’s most iconic animated characters all available in one place is not only great for fans of classic animation, but also just super fun.”