Hollywood Live: Byron Allen Wants To Buy Paramount


Byron Allen arrives at the Baby2Baby Gala on Saturday, Nov. 11, 2023, at the Pacific Design Center in West Hollywood, Calif. (Photo by Richard Shotwell/Invision/AP)
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 Well, the march to the Grammys — which, by the way, takes place on Sunday — continues. Last night, the Black Music Action Coalition sponsored a dinner hosted by Jimmy Jam and Terry Lewis. They are always so concerned about the economic empowerment of Black music entrepreneurs, artists, producers, and songwriters.

It was a star-studded evening, including people like Victoria Monet, Jermaine Dupri, Babyface, Flava Flav, and the list goes on and on. And by the way, they will continue tonight with some empowerment panels on how to get ahead in the music business. You gotta just love those brothers, they’ve been around for a long time and they keep doing it just the way it’s supposed to be done.

And speaking of media moguls, Byron Allen has submitted a $30 billion — that’s with a B — offer to buy all of Paramount Global’s outstanding stock, existing debt, and equity. Now, the owners of Paramount, which is actually Shari Redstone, want to sell Paramount. They’re not making the kind of money that they used to, and Byron is ready to step up and step in.

His company did say in a statement that they believe the $30 billion offer is a good solution for Paramount and their shareholders, and the bid should be taken seriously and pursued. Well, let’s see if Paramount takes the bite. I have a feeling that they might want a little bit more money. I mean, hey, what’s $30 billion? Drop in the bucket for some of these people. But we will keep you posted on that one.

And for all these stories and a whole lot more, make sure you follow us through awards season. We’ve got lots of great stuff, and of course, we will be at the Grammys on Sunday. Don’t want to miss that.

And for all these stories and a whole lot more, don’t forget to follow Tanya Hart on social media @tanyahollywood and @aurnonline.

Click play to hear the Hollywood Live report from Tanya Hart:

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