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After these news, Paramount shares spiked 12%.

The list boasts of global content powerhouses, such as Walt Disney, Paramount, Warner Bros., Moonbug, and Sony Pictures.

To lead and oversee the company moving forward, Paramount Global has established an Office of the CEO, consisting of three senior company executives: George Cheeks, Chris McCarthy, and Brian Robbins.

The new standard with ads plan will be introduced on April 23 across all of SkyShowtime’s 20+ markets including Albania, Andorra, Bosnia & Herzegovina, Bulgaria, Croatia, Czechia, Denmark, Finland, Hungary, Kosovo, Montenegro, North Macedonia, Norway, Netherlands, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain and Sweden.

Although details have not been revealed on how the transaction would happen, the offer would make Sony the majority owner operating the company, with Apollo taking a minority stake in the joint venture.