Skydance’s merger talks with Paramount have been referred to as off Tuesday after the 2 sides did not agree on phrases, in keeping with two individuals with data of the talks, scuttling a deal that has captivated Hollywood for months.

The suspended negotiations derail makes an attempt to unite Paramount — the mother or father firm of CBS, MTV and Nickelodeon — with Skydance, the up-and-coming film studio behind “Prime Gun: Maverick.”

There have been a number of hitches within the final week as Skydance, Paramount and its mother or father firm, Nationwide Amusements, reached the ultimate phases of negotiations. Shari Redstone, Paramount’s controlling shareholder, needed Skydance to agree to supply some authorized safety for the deal in case buyers filed a lawsuit. A committee of Paramount’s board members evaluating the plan additionally fired a public relations agency that it had been utilizing.

One signal of the stress emanating from each side of the deal was the sheer size of negotiations. The talks — with Nationwide Amusements, Paramount and Nationwide Amusements once more — stretched from late final 12 months till this week, and have been additionally rife with leaks, by no means an indication of harmonious negotiations.

“Typically the sport ends with a goal-line stand,” stated Wealthy Greenfield, an analyst for LightShed Companions.

It’s unclear what the long run holds for Paramount. The corporate was exploring a deal amid gale-force headwinds to the standard media trade, together with the demise of conventional tv, an issue that’s solely more likely to worsen. The corporate’s share value has fallen precipitously in recent times, as buyers grew more and more vital of the corporate’s prospects.

The Wall Avenue Journal earlier reported talks between Skydance and Nationwide Amusements had fallen aside.