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1501 Broadway, also known as the Paramount Building, is a 33-story office building on Times Square between West 43rd and 44th Streets in the Theater District neighborhood of Manhattan in New York City. Designed by Rapp and Rapp, it was erected from 1925 to 1927 as the headquarters of Paramount Pictures.
At the time, the real estate market in New York City was growing, and Equitable had projected that the building would generate $40 million in gross income by 1991. [172] In 1985, Tishman Speyer formed a limited partnership , 1515 Broadway Associates LP, to assume ownership of the building; the partnership's only asset was One Astor Plaza. [ 173 ]
On July 7, 2024, Paramount's board approved the deal to merge with Skydance. [104] Under the final deal, which has an enterprise value of $28 billion, Ellison would be appointed as Chairman and CEO of what is currently being called "New Paramount" and former NBCUniversal CEO Jeff Shell would become company president. Before finalization ...
The following is a list of major assets that are owned by Paramount Global, [1] an American multinational media conglomerate headquartered at One Astor Plaza in Midtown Manhattan, New York City. Paramount Pictures Corporation
The building in which the Broadcast Center is located formerly served as a dairy depot for Sheffield Farms. [6] CBS purchased the site in 1952. The Center opened as the CBS Production Center in the late 1950s, when the network's master control, film and videotape facilities, and four studios were located in the Grand Central Terminal building.
On top of that, Skydance is offering to pay $3 billion in cash to Paramount Global, the source said; Paramount could use some or all of that to pay down its $14.6 billion debt.
Secret Headquarters, starring Owen Wilson, has set a record on Paramount+ as the most-watched original movie in the first seven days since its release on the streaming platform.
It used to serve as the headquarters of PricewaterhouseCoopers before they moved to 300 Madison Avenue. It is now Credit Agricole CIB's US headquarters. In October 2016, Paramount Group received $850 million to refinance the building from AXA Equitable Holdings, MetLife and New York Life Insurance Company. [9]