Paramount Skydance seeks investors to rejuvenate MTV, Bloomberg reports

Paramount Skydance is seeking investors to rejuvenate MTV and has held talks with music firms and executives, Bloomberg reports. The company has engaged financial advisers to find a partner that could also provide music rights or artist relationships.

Paramount Skydance is exploring investors to revive MTV, the cable network, according to a Bloomberg report. The company has held discussions with several major firms and music industry executives about selling a stake in the channel. Paramount Skydance has brought in financial advisers to help identify a strategic partner. The sought partner would ideally contribute investment and music-related assets such as rights or relationships with artists. Key details: - Paramount Skydance is seeking investors to rejuvenate MTV, per Bloomberg. - The company has held talks with several major firms and music industry executives about selling a stake in the cable network. - Financial advisers have been retained to help find a strategic partner. - The potential partner is expected to offer investment and music-related assets such as music rights or artist relationships. Summary: Paramount Skydance is looking for a strategic partner that could invest in MTV and provide music rights or artist relationships. Undetermined at this time.