George Clooney Says Hollywood Is Being Eaten by Amazon and Walmart – Knowligent
George Clooney Says Hollywood Is Being Eaten by Amazon and Walmart

George Clooney Says Hollywood Is Being Eaten by Amazon and Walmart

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George Clooney was recently asked by GQ magazine about the pending sale of Paramount Pictures to Skydance. The two companies reached a sale agreement in early July worth a reported $8 billion. Clooney has a rich history with the studio. His 2017 directorial effort “Suburbicon” was released domestically by Paramount, while the studio was also behind some of his other titles, such as “Up in the Air,” which earned him an Oscar nomination for Best Actor.

"Paramount is one of the great original studios," Clooney said when the topic of selling Paramount came up. "But there are some things you just don't have a say in. Because the business, it's all being eaten up. It's like everything else — it's all being eaten up by the big Walmarts and Amazons all over the world. Our version of mom-and-pop shops in a small town is Paramount."

As Variety reported, Skydance and its partners will invest more than $8 billion in an effort to revitalize aspects of Paramount. Skydance said the deal has an enterprise value of $28 billion, with Skydance itself valued at $4.75 billion.