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The agreement began in 2020 and has resulted in projects including “We Will Dance Again,” which is set to premier on Paramount+ in the U.S., Storyville in the UK and HOT Channel 8 in Israel.

The deal is expected to close in September 2025, pending regulatory approval.

Skydance Media is accusing Paramount Global of opening a new tab on a special committee of directors and breaching the terms of its deal by extending the period of time during which it can engage with other bidders.

The competing offer for the home of Paramount Pictures, the CBS broadcast network and cable networks such as MTV threatens to undo a planned acquisition by tech scion David Ellison and his firm Skydance Media.

The deal includes the distribution of Paramount+ to all Canal+ subscribers, and nine Paramount linear channels, as well as the acquisition of premium Paramount content exclusively for CANAL+ Group channels and services.