Links

« New day on the Callender | Main | Paramount Goes Jenny Craig »

Par for the course


Philippe Dauman is not shy about using investor confabs to put a stake in the ground on film deals; one such gathering last year is where he first suggested he was willing not to negotiate hard for DreamWorks. Today Dauman made a statement in the other direction, saying that he has no intention to sell Paramount.

"It's not one we want to sell," he said at the Dow Jones/Nielsen Media and Money conference in New York, Georg Szalai reports. "(It's) a very fast-growing business. Paramount has done great for us. Brad Grey has done a terrific job."

This all comes on the heels of a report from Pali analyst Rich Greenfield suggesting that the conglom sell Paramount. ("Paramount has become Sumner Redstone's 'sports team,' " Greenfield said, noting that he thought it could net as much as $5 billion in a sale.) Of course Greenfield has a history of contrarian mischief-making that often does not bear fruit. And congloms rarely telegraph plans to sell a unit even when they are interested. But Wall Street agitation is noteworthy -- as are exec votes of confidence.

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451d69069e20105358d411d970c

Listed below are links to weblogs that reference Par for the course:

Comments

Post a comment

If you have a TypeKey or TypePad account, please Sign In

The Hollywood Reporter

About Risky Business

  • Risky Biz blog takes a deep, daily look at the film industry's ups, downs and deals from around the world and the heart of Hollywood. It is edited by media and entertainment journalist Steven Zeitchik, with contributions from The Hollywood Reporter's worldwide team of film editors and reporters. Zeitchik is a Los Angeles-based writer for THR and also has written for The Wall Street Journal and The New York Times.




    Subscribe to feed



Categories