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Media entrepreneur Byron Allen, Founder and Chairman of Allen Media Group, has submitted a US$30 billion offer for the debt and equity of Paramount Global.

Maria Kyriacou, President of Broadcast & Studios, International Markets at Paramount Global, is stepping down from her role after four years at the company.

The new venture, reflecting Paramount's efforts to expand the Paramount+ brand, is scheduled to launch in June.

Warner Bros. Discovery’s Chief Executive Officer, David Zaslav, met on Tuesday with his Paramount Global’s counterpart, Bob Bakish, to discuss a potential merger between the two companies.

Paramount+ officially marked its entry into Japan with the launch on J:COM, one of Japan’s top cable television operators and broadband internet providers, and WOWOW, the top premium pay channel in the market.