Sony & Paramount Sign Non-Disclosure Agreement Allowing Deal Talks To Start, But It’s Not Looking Like A $26 Billion Bid For Whole Company Anymore
deadline.com
Sony signed a non-disclosure agreement with Paramount allowing deal talks to begin but they'll not be focused on a $26 billion bid for whole company.

Avatar Studios seems to be part of Paramount Media, aka the “pay television channels” that I assume Sony is not interested in: https://en.wikipedia.org/wiki/Paramount_Global

And in light of this article: https://deadline.com/2024/05/paramount-sale-hollywood-studio-takeover-history-lessons-1235910245/

That doesn’t look good for Avatar Studios. If they are left behind in a Sony sale, it seems the probability of them getting shut down (or just going down with whatever is left of Paramount) is very high.