Suitors are wooing Paramount

From “GREASE” to “Breakfast at Tiffany’s”, Paramount Pictures has produced plenty of good romances during its 112-year history. Now the Hollywood studio is itself the subject of a courtship drama involving streaming rivals, private-equity buccaneers, a billionaire’s son and the owner of the Weather Channel. The wooing of Paramount Global, the studio’s parent company, has begun because Shari Redstone, president of National Amusements, which has a controlling stake in the firm, appears ready to sell. The battle to buy Paramount from the Redstones marks the fading of a Hollywood dynasty—and shows the sorry state of the entertainment industry.