When asked by E-DUESSE.IT on whether he'd be open to letting other international companies acquire stakes in the company, Straffi said: "Right now I would be more inclined to buy back the shares of Paramount Global, rather than open the share capital to other foreign companies. The partnership with this studio was certainly more beneficial ten years ago, when Nickelodeon -- controlled by Paramount -- was our first client and business partner. Today we work much more with streaming platforms and other studios."
Update (1/25/23) - Rainbow S.p.A. has reportedly bought back Paramount Global's 30% stake in the company.
Stream a Mountain of Entertainment, including your Nickelodeon favourites on Paramount+! Try it FREE at ParamountPlus.com!
Originally published: September 13, 2022.
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