News
PARAA
22.98
-0.61%
-0.14
PARAMOUNT GLOBAL SAYS CEO ROBERT M. BAKISH'S 2023 TOTAL ANNUAL COMPENSATION WAS $31.3 MLN VS $32 MLN IN 2022-SEC FILING
Reuters · 1d ago
A Sony Bid for Paramount Would be a Win-Win -- Heard on the Street
Sony is in talks with private equity firm Apollo to bid for Hollywood studio Paramount Global. A deal could make good sense for both sides, but could face antitrust regulators and boardroom drama. The news of a Japanese giant bidding for a U.S. Movie studio sent Paramount shares up 13% Friday. Sony is in discussions with Apollo to buy CBS and the Hollywood studio.
The Wall Street Journal · 2d 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 · 2d ago
Weekly Report: what happened at PARAA last week (0415-0419)?
Weekly Report · 2d 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 · 4d ago
*Skydance Media Projects About $1 Billion in Revenue and $90 Million in Ebitda in 2024, Sources Say
The Wall Street Journal · 4d ago
*Skydance Expects to More Than Double Revenue and Triple Ebitda in 2025, Sources Say
The Wall Street Journal · 4d ago
Inside the Financials of Skydance, Paramount's Suitor
Skydance Media is in exclusive merger talks with Paramount Global. The company expects to more than double its revenue and triple its adjusted earnings in the coming years. Skydance's recent performance has been affected by last year's Hollywood strikes. The privately-held entertainment company is in talks to merge with Paramount.
The Wall Street Journal · 4d ago
*Skydance Would Be Valued at 15.5 Times 2025 Adjusted Earnings in Paramount Deal, Sources Say
The Wall Street Journal · 4d 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 · 4d ago
These Stocks Moved the Most Today: Netflix, Super Micro, Paramount, American Express, DJT, Jabil, Tesla, and More
Netflix reported better-than-expected earnings and smashed subscriber growth estimates in the first quarter. Super Micro Computer plunged 23% and American Express rose 6.2%. The S&P 500 and Nasdaq Composite marked their sixth straight losing session. Tesla dipped 1.9% after the company announced a recall of vehicles.
Barron‘s · 4d 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 · 4d ago
Paramount: Potential Rescue With Sony Bid
Seeking Alpha · 4d 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 · 4d 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 · 4d 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 · 4d 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 · 5d ago
Paramount Stock Jumps on Report That Sony Is a Potential Buyer
Paramount Global stock is the best-performing stock in the S&P 500 on Friday. Sony's movie division and Apollo Global Management have been in talks to make a joint bid for the media company. The potential bid would be an all-cash offer for the outstanding stock in Paramount. Paramount+ is in exclusive talks to be acquired by Skydance Media.
Barron‘s · 5d 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 · 5d ago
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About PARAA
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.