Paramount (Avatar IP owner) sale reopens, as Sony-Apollo swoops in
Paramount (Avatar IP owner) sale reopens, as Sony-Apollo swoops in
www.axios.com
Just a moment...
The article is a very fast read because it's Axios, but in a nutshell, either:
- Skydance gets Paramount intact, but possibly with financial trouble and selling some IP.
- Sony gets Paramount, but restructures the company and also possibly sells some parts.
- Nothing happens... and Paramount continues its downward spiral, probably accelerated by a failed sale.
The can of worms opened today, as now Paramount is officially open to a buyout from sony.
I don't like this at all. Avatar is a high budget IP, animesque fantasy, and not historically, proveably profitable like Star Trek/Spongebob. Avatar Studios is a real candidate to be chopped off.