Paramount Global
“For Sale” Sign on Paramount Will Shape Shari Redstone’s Legacy
The entertainment company that everyone in Hollywood is talking about is based in a nondescript three-story office building in the Boston suburb of Norwood, Massachusetts. Nestled between an indoor ice-skating rink and a Home Depot distribution center is the headquarters of National Amusements, Inc., a movie theater operator with 22 cinemas in the U.S., almost […]
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Paramount Deal Chatter Puts Hollywood M&A Back in Wall Street Spotlight
What a difference a few days can make. Hollywood studios’ push to turn their streaming business profitable, the acceleration of cord-cutting, the writers and actors strikes, as well as a weak advertising market, have been at the forefront of investors’ minds all year. But just before the end of 2023, industry deal chatter has moved […]
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Stock in Paramount Global Pops on Takeover Speculation
Stock in Paramount Global popped on Friday on speculation David Ellison’s Skydance Media and RedBird Capital are eying a potential takeover of Sheri Redstone’s controlling stake in the Hollywood conglomerate. Representatives for private equity giant RedBird Capital had no comment on Wall Street chatter around a possible transaction that could see the private equity giant […]
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Why Paramount+ Is Going Big for CCXP in Brazil, Showcasing ‘Halo,’ ‘Star Trek: Discovery,’ ‘Drag Race’
With entertainment and comics convention CCXP in Sao Paolo, Brazil attracting huge audiences and having grown in importance, Paramount Global’s Paramount+ is set to bring such powerhouse content brands as Halo, Star Trek: Discovery, Teenage Mutant Ninja Turtles: Mutant Mayhem, The Thundermans Return and Drag Race: Brazil to the event’s 2023 edition. As one of […]
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Paramount Analyst Cuts Stock Rating From ‘Buy’ to ‘Underperform’ Due to Lack of Asset Sales
Bank of America analyst Jessica Reif Ehrlich has been bullish on the stock of Paramount Global, driven by her belief that the entertainment giant could fetch attractive price tags for key assets. But on Monday, she cut her stock rating on the Hollywood company all the way from “buy” to “underperform,” while decimating her price […]
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With Streaming Losses Narrowed, Paramount Sees Growth Ahead — Is Wall Street Buying It?
After exceeding revenue estimates and topping expectations for how much it could cut losses in its streaming unit (only $238 million in the red is a win right now), Wall Street analysts picked through Paramount Global’s Nov. 2 earnings report for how it’s faring in a battle to survive in a landscape with far larger […]
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Paramount Cuts Streaming Losses to $238M as Subscribers Grow to 63M
Amid its quest to slim down its asset portfolio to scale up its core entertainment ambitions, Paramount Global hit 63 million global streaming subscribers in the latest quarter (up from 61 million as of the end of June) and kept narrowing losses in its direct-to-consumer segment to $238 million, a possibly encouraging sign for Wall […]
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2024 Super Bowl Commercials Sell Out for CBS
It’s an advertising touchdown for Paramount Global and CBS. A spokesperson for Paramount says that game inventory for Super Bowl LVIII on CBS “is virtually sold out, pacing ahead of schedule.” The big game is set to be held in Las Vegas, Nevada on Feb. 11, 2024. That the Super Bowl is effectively sold out […]
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The End of ‘Yellowstone’: What Is Known About the Final Episodes
When Yellowstone aired its midseason finale back in January 2023, the future was looking ominous for the Dutton family on the fifth season of the Paramount Network mega-hit series. For a refresher, Jamie Dutton (Wes Bentley) had just thrown down the gauntlet against his sister Beth Dutton (Kelly Reilly) and father John Dutton (Kevin Costner) […]
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Paramount to Combine Pluto TV, Channel 5’s My5 in U.K.
Paramount Global will combine its free streaming services Pluto TV and My5, the video-on-demand service of British broadcaster Channel 5, in the U.K. next year. The entertainment conglomerate said on Wednesday that the move will bring together broadcast video-on-demand (BVOD) service My5 “with its leading FAST service Pluto TV to bring audiences in the U.K. […]
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How Paramount Wants to Be a “Model for the Industry” on Inclusion
Antisemitism, the cultural impact of Hip Hop, “thriving in the workplace with visible and invisible disabilities,” the staying power and international success of the Drag Race franchise and how to ensure authentic Asian American representation in children’s media are just some of the topics in the spotlight during Paramount Global’s 5th annual global Inclusion Week. Throughout […]
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Tyler Perry Says Bidding Process for Paramount’s BET Business Was “Disrespectful”
Tyler Perry said he was “disappointed” in the way that Paramount Global handled the bidding process for the potential majority stake sale of its BET business. In August, the Bob Bakish-led studio conglomerate took down its “for sale” sign on the unit — which includes the BET channel, streamer BET+ as well as VH1 and […]
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