News
PARA
12.18
-3.94%
-0.50
PARAMOUNT CEO BOB BAKISH WOULD DEPART THE COMPANY- CNBC
Reuters · 4h ago
PARAMOUNT GLOBAL SAYS CEO ROBERT M. BAKISH'S 2023 TOTAL ANNUAL COMPENSATION WAS $31.3 MLN VS $32 MLN IN 2022-SEC FILING
Reuters · 3d ago
RPT-BREAKINGVIEWS-Paramount’s sale cries out for intervention
Paramount Global’s sale process is on the verge of ending, says Jennifer Saba. She says a complex deal with production studio Skydance Media would allow controlling shareholder Shari Redstone to run off with the spoils. Redstone holds 77% of the vote in Paramount. Independent investors are unimpressed with the deal, she says. Saba says the sale cries out for intervention.
Reuters · 3d ago
Weekly Report: what happened at PARA last week (0415-0419)?
Weekly Report · 3d ago
Skydance expects to more than double its revenue in coming years, WSJ reports
Skydance Media expects to more than double its revenue in coming years, WSJ reports. The media company is in exclusive merger talks with Paramount Global. Skydance expects to make just over $1 billion in revenue in 2024. Shares of Paramount Global closed up 13% on Friday.
Reuters · 6d ago
US STOCKS-Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow
Nasdaq, S&P tumble as Netflix, chip stocks drag; American Express boosts Dow. Netflix falls after soft Q2 forecast, but AmEx rises after quarterly earnings. The Nasdaq and the S&p 500 end lower for the week; Dow rises 0.56%. Growing pessimism that the Fed will cut interest rates has dented sentiment.
Reuters · 6d ago
Deals of the day-Mergers and acquisitions
Investment fund Phoenix wins the privatization auction for a controlling stake in Brazilian power generator EMAE. French train manufacturer Alstom agrees to sell its North American rail signalling business to a German company. Lufthansa executives to attend a hearing to convince EU regulators to approve its bid for ITA Airways.
Reuters · 6d ago
BUZZ-U.S. STOCKS ON THE MOVE-Gold miners, UGI, Regions Financial
The Nasdaq and the S&P 500 dipped on Friday. Netflix among the biggest drags on a dour quarterly forecast. All three indexes are set for weekly losses. Gold miners, UGI, Regions Financial rise as prices of the metal rise. The Dow Jones Industrial Average was up 0.50% in the morning.
Reuters · 6d ago
BREAKINGVIEWS-Paramount’s sale cries out for intervention
Paramount Global’s sale process is on the verge of ending, says Jennifer Saba. A complex deal with production studio Skydance Media would allow controlling shareholder Shari Redstone to run off with the spoils. Independent investors are unimpressed with the deal and are pushing for intervention.
Reuters · 6d ago
US STOCKS-Nasdaq lags peers as Netflix, chip stocks drag; AmEx lifts Dow
Netflix slumps 8.3% after dour quarterly forecast. S&P 500, Dow and Nasdaq set for weekly losses as Netflix, chip stocks drag; AmEx lifts Dow. Progress on bringing down inflation has "stalled" this year, Chicago Fed president says. Paramount up on likely buyout bid from Sony, Apollo.
Reuters · 6d ago
BUZZ-U.S. STOCKS ON THE MOVE-US chip stocks, Netflix, Tesla
The Dow and the S&P 500 edged higher on Friday. American Express rose after upbeat earnings. Netflix weighed on the Nasdaq following its dour forecast. Chip stocks, Netflix, Tesla are among the day's losers. The Dow Jones Industrial Average was up 0.45% in the morning.
Reuters · 6d ago
US STOCKS-Dow, S&P inch up as AmEx gains; Netflix slump drags down Nasdaq
US STOCKS-Dow, S&P inch up as AmEx gains; Netflix slump drags down Nasdaq. Netflix falls after dour Q2 forecast after lackluster second-quarter forecast. American Express up 3.2% after upbeat earnings. Paramount up on likely buyout bid from Sony, Apollo.
Reuters · 6d ago
UPDATE 1-Paramount jumps on report of Sony Pictures, Apollo discussing joint buyout bid
Paramount jumps on report of Sony Pictures, Apollo discussing joint buyout bid for media company. Shares of Paramount Global rise more than 10% on the news. Private equity firm Apollo had earlier made a $26 billion bid for the company. Paramount is currently in exclusive talks with independent studio Skydance Media.
Reuters · 6d ago
BUZZ-U.S. STOCKS ON THE MOVE-Intuitive Surgical, Crypto stocks, Jabil
Wall Street's main indexes eyed a flat open on Friday. Netflix drops after forecasting current-quarter revenue below estimates. Intuitive Surgical rises as demand for surgical robots boosts Q1 results. Crypto stocks climb as bitcoin climbs ahead of 'halving' of the currency.
Reuters · 6d ago
US STOCKS-Wall St set for flat open as Middle East jitters ease, Netflix slumps
US STOCKS-Wall St set for flat open as Middle East jitters ease, Netflix slumps. Netflix falls after dour Q2 forecast Paramount up on likely Sony Pictures, Apollo buyout bid. Explosions echoed over an Iranian city on Friday in what sources say was an Israeli attack.
Reuters · 6d ago
BUZZ-U.S. STOCKS ON THE MOVE-Paramount Global, SES AI, Zhongchao
U.S. Stock index futures slip on Friday as investors turn risk-averse. Netflix falls in premarket trade after company forecast current-quarter revenue below estimates. Dow e-minis down 0.17% while Nasdaq 100 futures also down. Paramount Global, SES AI and Zhongchao are among the top percentage gainers.
Reuters · 6d ago
BUZZ-Paramount soars on report of Sony, Apollo in talks for joint bid
Paramount Global's PARA.O shares jump 10.2% premarket to $12.09. Sony, Apollo in talks for joint bid for PARA, Reuters reports. Sony and Apollo could offer cash for all outstanding PARA shares and take co private.
Reuters · 6d ago
US STOCKS-Futures drop as Middle East tensions simmer, Netflix slumps
US stock index futures drop as Middle East tensions simmer, Netflix slumps. Netflix falls after dour Q2 forecast Paramount up on likely Sony Pictures, Apollo buyout bid. Israel launched an attack on Iranian soil on Friday, sources say. The CBOE Volatility index is up to its highest level in more than five months.
Reuters · 6d ago
US STOCKS-Futures fall as Middle East tensions simmer, Netflix slumps
US stock index futures fall as Middle East tensions simmer, Netflix slumps. Israel launched an attack on Iranian soil on Friday, sources say. Netflix falls in premarket trade after the company forecast current-quarter revenue below estimates. The CBOE Volatility index is up to its highest level in more than five months.
Reuters · 6d ago
SONY IN TALKS TO JOIN A BID TO BUY PARAMOUNT - NYT
Reuters · 04/18 22:12
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About PARA
Paramount Global is a media, streaming and entertainment company. The Company has three segments. TV Media segment consists of its broadcast operations: CBS Television Network, CBS Stations and its international free-to-air networks; domestic premium and basic cable networks, including Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, CBS Sports Network and international extensions of certain of these brands, and domestic and international television studio operations. Direct-to-Consumer segment includes its portfolio of domestic and international pay and free streaming services, including Paramount+, Pluto TV, BET+ and Noggin. Filmed Entertainment segment consists of Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, Awesomeness and Miramax. Filmed Entertainment segment consists of Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, Awesomeness and Miramax.