Skydance’s merger talks with Paramount had been known as off Tuesday after the 2 sides did not agree on phrases, based on two individuals with information of the talks, scuttling a deal that has captivated Hollywood for months.

The suspended negotiations derail makes an attempt to unite Paramount — the mum or dad firm of CBS, MTV and Nickelodeon — with Skydance, the up-and-coming film studio behind “High Gun: Maverick.”

There have been a number of hitches within the final week as Skydance, Paramount and its mum or dad firm, Nationwide Amusements, reached the ultimate levels of negotiations. Shari Redstone, Paramount’s controlling shareholder, wished Skydance to agree to supply some authorized safety for the deal in case traders filed a lawsuit. A committee of Paramount’s board members evaluating the plan additionally fired a public relations agency that it had been utilizing.

One signal of the stress emanating from each side of the deal was the sheer size of negotiations. The talks — with Nationwide Amusements, Paramount and Nationwide Amusements once more — stretched from late final yr till this week, and had been additionally rife with leaks, by no means an indication of harmonious negotiations.

“Typically the sport ends with a goal-line stand,” stated Wealthy Greenfield, an analyst for LightShed Companions.

It’s unclear what the longer term holds for Paramount. The corporate was exploring a deal amid gale-force headwinds to the normal media trade, together with the demise of conventional tv, an issue that’s solely more likely to worsen. The corporate’s share worth has fallen precipitously lately, as traders grew more and more essential of the corporate’s prospects.

The Wall Avenue Journal earlier reported talks between Skydance and Nationwide Amusements had fallen aside.

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