The Paramount Deal is done.

Pretty much, you're listening to Motley Full Money. I'm Ricky Mulvey joined today by Jason Moser.

Thanks for being here. I'm Ricky Mulvey joined today by Jason Moser.

Jason thanks for being here.

Hey Ricky, thanks for having me.

So about a week ago I thought the Paramount deal was dead in the water

and in fact I talked about it with pup co-founder Bill

Cohen on the show and you know a couple of days ago it turns out Sky Dance

media's buyout of Paramount is happening. We got a joint press release and it's a little

complex so I'm going to go through some of the details and then get your

reaction to it but they're paying 2.4 billion in cash to acquire national amusements, which is the controlling shareholder

of Paramount and also owns a bunch of movie theaters.

They're spending 4.5 billion for publicly traded stock, 1.5 billion for publicly traded stock 1.5 billion to shore up the balance sheet and

delver the company. This is important because over the past 12 months, Paramount's interest expense was about double its operating income.

Hollywood right now is pretty much celebrating the deal because David Ellison is genuinely interested in movies and this is not a deal with

Sony in a private equity company which was was feared to sort of you know buy out the assets and maybe strip it for parts.

And Ellison is getting some crown jewel assets in CBS.

He's got a movie studio, Nickelodeon, M TV.

But Jamo, he's also getting a company that is bleeding money in a movie theater chain at a time where movie theaters are not doing so well

That's that's the it's I was you gonna say a plate, but that's really the buffet of the deal. Is Ellison and Skydance

getting a good deal here? Well I mean it is a complicated one as you mentioned I

mean there are a lot of moving parts. It does seem it feels like this is an unavoidable deal and I just mean that from the sense of

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