Shari Redstone’s Paramount received an unusual assist to settle its controversial lawsuit with President Trump, which should now clear the way for its long-awaited sale to independent studio Skydance, On The Money has learned.
Skydance boss David Ellison, the son of Trump friend and billionaire Oracle co-founder Larry Ellison, stepped up and agreed that once he takes control of the Tiffany Network, currently part of Redstone’s flailing media empire, it will run between $15 million and $20 million of public service ads to promote causes supported by the president, a source with knowledge of the negotiations said.
“There is an anticipation of a mid-eight-figure sum that will be allocated by the network to PSA advertisements and other broadcast transmissions that support conservative causes supported by President Trump,” the source said.
The settlement should clear the way for Shari Redstone’s long-awaited Paramount sale to independent studio Skydance. FilmMagic