Shari Redstone Has Three Options for Paramount Global
The two leading suitors for Paramount Global are both offering flawed deals. What will the media mogul decide?
Shari Redstone, chair of Paramount Global, at the Allen & Co. Media & Technology Conference in Sun Valley, Idaho, in July 2023.
Photographer: David Paul Morris/BloombergA couple years ago, Netflix appeared to be in deep trouble. The company had lost customers for the first in more than a decade, faced growing competition and, like most businesses, was wrestling with inflation. Its struggles tanked the entire entertainment business.
But Netflix proved the skeptics wrong, again. Not with a great show or movie, though those helped, but with technical and operational excellence. Management built a system to crack down on password sharing and then tested different models across Latin America. The company rolled out a subscription plan with advertising that has attracted more than 40 million users in less than two years.