Los Angeles, California – Renowned filmmaker James Cameron and media executive Ari Emanuel have expressed their support for Skydance’s bid to acquire Paramount Pictures. Despite reports suggesting resistance from Paramount’s special board committee, Cameron and Emanuel conveyed their backing for Skydance founder David Ellison’s potential leadership in an exclusive interview with The Financial Times.

The proposed deal, initiated during a 30-day negotiating period in April, involves Skydance, along with partners RedBird Capital and KKIR, taking over controlling shareholder Shari Redstone’s stake in Paramount. The plan includes merging Skydance into Paramount, maintaining it as a publicly traded entity under new management.

Cameron, known for directing blockbuster hits like “Titanic,” praised Ellison’s capabilities, stating, “I love the Ellison idea. If he gets to run Paramount creatively, it could be a huge boon for this business in these ailing times.” Emanuel, CEO of Endeavor, also commended Ellison, referring to him as a “natural acquirer” of the company with a solid track record in the industry.

Although Skydance’s negotiating window has closed, talks between the parties are set to continue following a revised offer from the company. Simultaneously, Paramount is considering a $26 billion all-cash bid from Apollo and Sony Pictures, a move that could pose regulatory challenges due to ownership structures.

The developments at Paramount have unfolded against a backdrop of significant changes, including the departure of CEO Bob Bakish and the appointment of a new leadership team comprising Chris McCarthy, George Cheeks, and Brian Robbins. The trio has outlined plans for a strategic vision to propel the company into a new era of growth and success.

As Paramount navigates these transitions, employees can expect further communication on the company’s future direction in the coming weeks. With stakeholders like Cameron, Emanuel, and industry giants like Apollo and Sony in the mix, the future of Paramount remains uncertain yet filled with possibilities for growth and evolution in the entertainment landscape.