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Production problems as Paramount finds a potential buyer

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Warner Bros Discovery and Paramount Global are reportedly engaged in preliminary discussions regarding a potential merger but will this strategy work out for the media giants?

If successful, this alliance would unite two of the world’s largest media companies, creating a conglomerate with a combined market value of £30 billion ($38 billion).

Paramount’s board has initiated steps towards a potential sale of the entertainment conglomerate, forming an independent committee to explore strategic alternatives, including a potential auction.

This development coincides with media mogul Byron Allen submitting a substantial $14 billion buyout bid for Paramount Global, encompassing the assumption of the company’s $15.6 billion debt. The board’s decision to seek alternative options, independent of controlling stakeholder Shari Redstone, comes as Allen, known for owning the Weather Channel, expresses interest in acquiring the entirety of Paramount Global, leading to a more than 6% rise in the company’s shares.

Additionally, amidst the ongoing shifts in the media landscape, Apple has emerged as a significant player committed to expanding its streaming division and exploring opportunities in theatrical film endeavours.

Recent talks with major exhibitors suggest that Apple is keen to follow in the footsteps of Amazon, signalling its intent to continue to invest a substantial $1 billion in theatrical movies. As the industry witnesses potential mergers and consolidations, Apple’s strategic moves further highlight the dynamic nature of the entertainment sector, with tech giants actively reshaping the future of media

The industry may witness further consolidation as companies seek to retain and attract subscribers amid changing consumer spending habits influenced by rising living costs.

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President-elect Trump names new border czar

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President-elect Donald Trump has announced plans to appoint former Acting ICE Director, Tom Homan as the next U.S. border czar.

Trump praised Homan’s track record, calling him the most effective candidate for addressing border security concerns.

This decision aligns with Trump-Vance administration’s agenda to reinforce U.S. border enforcement and immigration policy when they take office in 2025.

Oz Sultan, the Chief Strategist with the Sultan Interactive Group joins Veronica Dudo to discuss.

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Iran acknowledges accusations of involvement in alleged murder plot targeting Trump

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The Iranian government responds as U.S. authorities detail claims of an assassination plot linked to the Revolutionary Guard Corps.

In a significant development, Iran has broken its silence following allegations that an Iranian national was connected to a murder-for-hire plot aimed at former President Donald Trump.

The U.S. Department of Justice reported that Farhad Shakeri, 51, admitted to being directed by the Iranian Revolutionary Guard Corps to carry out the assassination on October 7.

The case underscores heightened tensions between the U.S. and Iran, especially amid ongoing geopolitical disputes and U.S. sanctions on Tehran.

The Iranian government’s response, though measured, comes as observers highlight the serious nature of such allegations, emphasizing potential repercussions on international relations and security policies.

Analysts believe this could further strain already fragile diplomatic ties and potentially influence future talks on issues like nuclear agreements and regional security.

The situation remains fluid, with U.S. officials and global security experts closely monitoring Iran’s actions and the broader response to these claims.

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Trump picks loyalist Miller for key immigration role

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President-elect Donald Trump has named longtime adviser Stephen Miller as Deputy Chief of Policy in his new administration.

Vice President-elect JD Vance congratulated Miller, calling him “a fantastic pick” on social media.

Miller, known for his hardline stance on immigration, has been a central figure in Trump’s policy decisions, including the 2018 family separation policy.

He was also a prominent voice in crafting Trump’s speeches during the first administration.

Since leaving the White House, Miller has led America First Legal, a group aimed at countering the Biden administration’s policies.

Miller’s role will likely shape the administration’s direction on immigration and conservative values.

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