Michael Wolff on Viacom’s Real Motives in a Rushed Paramount Sale – Hollywood Reporter

Michael Wolff on Viacom’s Real Motives in a Rushed Paramount Sale

A major movie studio does not come up for sale very often. When it does, it means an epochal power shift in Hollywood — or at least it signifies for the buyer epochal ambitions. Rupert Murdoch strode to the head of the media business with his purchase of 20th Century Fox in 1985. Sumner Redstone became Sumner Redstone by winning a battle to buy Paramount Pictures in 1993. There were big, if shattered, studio dreams for the Japanese (Universal Studios and Columbia Pictures, which Sony Corp. sti…

http://www.hollywoodreporter.com/news/michael-wolff-viacoms-real-motives-874809?utm_source=Sailthru&utm_medium=email&utm_campaign=THR%20Breaking%20News_2016-03-16%2008:00:00_awashington&utm_term=hollywoodreporter_breakingnews