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Sony Pictures Entertainment acquires Alamo Drafthouse Cinema for $200 million, marking its return to the exhibition business and creating Sony Pictures Experiences.
Byron Allen offers to buy Paramount Global for $30 billion, causing stock to soar 26%. Company owns CBS, Comedy Central, Nickelodeon.
Paramount Global sells out commercial inventory for Nickelodeon's Super Bowl simulcast, offering unique ad opportunities for toy, retail, and food brands.
Paramount Global is reportedly planning to lay off hundreds of employees in February, with senior executives given reduction targets to hit.
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