The deal represents the end of an era for Paramount, which has been owned by the Redstone family since Sumner Redstone turned a chain of theatres into a media empire. The deal represents the end of an era for Paramount, which has been owned by the Redstone family since Sumner Redstone turned a chain of theatres into a media empire. Film Industry, Media Industry, Company News, Television, Film (Arts and Entertainment), Television Broadcasting Latest business news
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