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Paramount Global

Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through the following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films, as well as the company's digital streaming services, CBS All Access and CBSN. The Cable Networks segment includes Showtime Networks, CBS Sports Network, and Smithsonian Networks. The Publishing segment manages Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Local Media segment handles CBS Television Stations and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.

Earnings data Q1 2021

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Paramount Global excels in streaming investments and content performance

Paramount Global's focus on streaming investments and content performance drove success in 2022, with plans for further growth in 2023 and beyond.
Challenges include peak losses in the D2C segment and lower OIBDA in Filmed Entertainment, but opportunities lie in international expansion and pricing strategies.
The integration of Showtime with Paramount+ and upcoming franchise-oriented titles position Paramount for significant earnings growth and positive free cash flow in 2024.

Paramount Global excels in streaming with 60M subscribers and revenue growth

Paramount Global's Q1 2023 Earnings Call highlighted strong performance, strategic strengths in streaming investments and partnerships, challenges related to potential strikes and cost management, and opportunities for growth through maximizing shareholder value and revenue expansion in 2024.

Paramount Global excels in Q2, eyes streaming profitability by 2024

Paramount Global's Q2 earnings call reflects strong financial performance, strategic content focus, and a clear path to streaming profitability by 2024.
The company's strengths lie in high-quality content creation, diverse revenue streams, stable sports deals, and resilience in the face of potential disruptions.
Challenges include industry strikes impacting content production, balancing traditional business with streaming growth, and navigating the evolving digital ad market.
Opportunities for Paramount include capitalizing on the Big Ten expansion, driving streaming profitability, maximizing sports content impact, and accelerating digital ad revenue growth.

Paramount Global reports robust Q3 performance and optimistic streaming outlook

Paramount Global (PARA) showcased strong performance in Q3 with notable growth in streaming revenue and subscribers, emphasizing cost management and free cash flow.
The company's focus on expanding globally, partnerships with key players like Delta and Walmart+, and strategic content slate position it well for future growth.
While facing challenges in TV media advertising and potential password sharing issues, Paramount Global remains confident in achieving significant total company earnings growth in 2024.
Opportunities lie in bundling strategies, ARPU growth, and improving D2C profitability, indicating a positive outlook for Paramount Global's streaming business.

Paramount Global reports robust Q4 performance and eyes sustainable growth

Paramount Global's Q4 2023 performance reflects strong revenue, subscriber growth, and strategic focus on sustainable profitability and content impact.
While facing challenges in achieving domestic profitability for Paramount+ and managing content costs, the company is well-positioned for growth.
Opportunities lie in OIBDA growth, M&A exploration, and revenue diversification through bundling and licensing, signaling a promising outlook for Paramount Global.

Paramount Global excels in Q1 2024 with strong streaming growth

Paramount Global's Q1 2024 earnings call showcased robust financial performance, strategic focus on content, and strong growth in streaming subscribers and advertising revenue.
While facing challenges in reducing leverage and navigating a competitive market, Paramount Global's strengths in content assets, executive leadership, and industry experience position it well for future success.
With opportunities to capitalize on advertising growth, expand streaming services, and explore new partnerships, Paramount Global is poised to drive continued growth and innovation in the entertainment industry.

Paramount Global reports robust Q2 growth and eyes profitability

Paramount Global's Q2 performance reflects strong revenue growth and progress towards profitability for Paramount+.
The company's focus on cost-saving measures, key content wins, and strategic partnerships positions them for future success.
Challenges lie in achieving profitability, navigating industry competition, and optimizing revenue streams, but opportunities abound in upcoming releases and revenue expansion.

Paramount Global excels in Q3 with DTC growth and content success

Paramount Global's Q3 performance reflects a solid foundation for growth, driven by strong DTC metrics, content success, and financial progress.
While facing challenges like profitability targets and market dynamics, the company's strategic strengths and opportunities position it well for future expansion.
Investors can be optimistic about Paramount Global's trajectory, supported by a mix of content-driven growth strategies and financial discipline to drive value creation.

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Paramount agreed to merge with Skydance Media after tumultuous acquisition talks. But the Hollywood megamerger may face FTC scrutiny.

Paramount and Skydance just agreed to a takeover. But media's messiest deal isn't over yet.

David Ellison's Skydance Media has announced an $8 billion deal to take over Paramount Global, capping a seven-month quest. The company had received approval earlier Sunday from a special committee of Paramount's board of directors. The full board then OK'd the plan for a two-step transaction, first the acquisition of National Amusements Inc.

Top Of The Mountain: David Ellison's Skydance Taking Over Paramount In $8 Billion Deal

NEW YORK , July 7, 2024 /PRNewswire/ -- The Special Committee of the Board of Directors (the "Special Committee") of Paramount Global (NASDAQ: PARA, PARAA) ("Paramount" or "the Company") today confirmed that it has unanimously approved a merger agreement between Paramount and Skydance Media, LLC ("Skydance"). The Special Committee was formed on January 2, 2024, at the request of Paramount's controlling stockholder, National Amusements, Inc. ("NAI"), to evaluate potential transactions involving both NAI and Paramount as NAI considered its options relating to its investment in Paramount.

PARAMOUNT GLOBAL'S SPECIAL COMMITTEE UNANIMOUSLY APPROVES MERGER WITH SKYDANCE MEDIA

Ellison Family and RedBird Capital Partners to Invest Over $8 Billion i n New Paramount and to Acquire National Amusements, Inc. Paramount Class A Stockholders to Receive $23 Per Share in Cash/Stock Election, Class B Stockholders to Receive $15 Per Share in Cash/Stock Election; Cash Consideration Available to Public Shareholders Totals $4.5 Billion Next generation leadership team to take helm, led by David Ellison as Chairman and Chief Executive Officer, and Jeff Shell as President; Skydance plans to enhance and reinvigorate marquee Paramount and CBS brands New Paramount will be a creative-driven destination for storytellers dedicated to delivering top-quality content Paramount's premier content platform to be enhanced and powered by best-in-class technology and modernized infrastructure offering scalability and ingenuity focused on delivering content through wholly-owned DTC platforms of Paramount+ and Pluto while enhancing CBS and Paramount's linear networks Ellison team plans to reposition Paramount to improve profitability, foster stability and independence for creators, and enable more investment in faster growing digital platforms Skydance will merge with Paramount in an all-stock transaction, valuing Skydance at $4.75 billion; Skydance equity holders will receive 317 million Class B Shares valued at $15 per share Skydance Investor Group, comprised of the Ellison Family and RedBird Capital Partners, to invest $2.4 billion to acquire National Amusements for cash and $4.5 billion for the stock/cash merger consideration to be paid for publicly traded Class A shares and Class B shares, as well as $1.5 billion of primary capital to be added to Paramount's balance sheet Post transaction close, Skydance Investor Group will own 100% of New Paramount Class A Shares and 69% of outstanding Class B shares, or approximately 70% of the pro forma shares outstanding The per share cash election amount to be offered to Paramount's stockholders represents a 48% premium to the price of the Class B stock as of July 1, 2024, and a 28% premium to the Class A stock on the same date. By continuing to own shares of the newly combined company, Paramount Class B stockholders will have the opportunity to participate in New Paramount's long-term value creation potential Skydance and Paramount to host investor call at 8:30 a.m.

Skydance Media and Paramount Global Sign Definitive Agreement to Advance Paramount as a World-Class Media and Technology Enterprise

Paramount Global's board approved a merger with Skydance on Sunday, multiple outlets reported. This marks the end of a tumultuous deal process and a new era for the troubled media giant.

Paramount Global agrees to merge with Skydance: reports

Tech scion David Ellison moved one step closer to gaining control of Paramount Global, with a special committee voting Sunday to support a merger with his Skydance Media, a source close to the deal told Reuters.

Special committee of Paramount Global endorses plan to merge with Skydance Media, source says

Paramount Global PARA 3.05%increase; green up pointing triangle agreed to a deal that would merge the storied Hollywood company with David Ellison's Skydance Media, according to people familiar with the matter, moving the complicated transaction a step closer to completion.

Paramount Global Agrees to Skydance Deal

David Ellison's Skydance Media has gained approval for the company's proposed acquisition of Paramount Global controlling shareholder National Amusements Inc. after seven months of talks. The deal was blessed Sunday by a special committee of Paramount's board, a person familiar with the matter told Deadline.

Skydance Media Gets Board Committee Approval For Control Of Paramount Global After Lengthy Chase

Earlier this week, heiress Shari Redstone surprised media insiders with her announcement that she was accepting a merger proposal from Skydance.

Paramount investor Mario Gabelli ‘may not sell stock' in proposed Skydance merger

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Shopify

The stock market might be near all-time highs, but it's not champagne and caviar for every company or their shareholders. Many stocks are deep in the red this year despite the gains seen across the indices.

Tech Sector Fire Sale: 3 Must-Buy Stocks at Multi-Year Lows

Major U.S. equities indexes were mixed in an abbreviated day of trading Wednesday, with the closing bell sounding at 1 p.m. ET ahead of Thursday's Fourth of July festivities.

S&P 500 Gains and Losses Today: Paramount Pops on Reports of Resuscitated Skydance Deal

Skydance Media's deal to acquire theater operator National Amusements, with its controlling interest in Paramount Global , could be finalized by Monday, sources familiar with the deal process said.

Skydance Media's deal to gain control of Paramount could be sealed this weekend, sources say

Southwest Airlines

Wednesday's abbreviated session was jam-packed with news, including labor market updates and Southwest Airlines' "poison pill."

Stock Market Today: S&P 500, Nasdaq End at Record Highs Ahead of July 4th

Shares of Paramount Global jumped 6.5% on Wednesday after reports said Shari Redstone's National Amusements had reached a preliminary deal to sell its controlling interest in the storied media company to David Ellison's Skydance Media.

Paramount soars as Skydance reaches new deal to buy controlling stake from Redstone

Roughly 50 years ago, Barry Diller was head of Paramount Pictures. A little more than 30 years ago, he tried to purchase the company, only to be outbid by media mogul Sumner Redstone.

Skydance-Paramount merger is reportedly back on after Barry Diller expresses interest

Investors snapped up shares and bonds issued by Paramount Global Inc. on Wednesday, after a report suggested the on-again, off-again courtship between Shari Redstone, Paramount and Skydance Media is back on, after the three sides reportedly have reached a preliminary merger deal.

Paramount stock and bonds snapped up on report deal with Skydance is back on

Paramount (NASDAQ: PARA ) stock is getting a boost on Wednesday as the company is reportedly closing in on a merger deal with Skydance. Recent reports claim that Paramount is almost done with closing the deal with Skydance, which is its majority shareholder.

Paramount (PARA) Stock Climbs as Merger Deal Nears Finish Line

Shari Redstone walked away last month, but returned to the table with her National Amusements company

Paramount and Skydance squeak closer to merger deal

Paramount Global (PARA) shares are surging again in premarket trading Wednesday amid reports that its deal to merge with Skydance Media are back on after controlling shareholder Shari Redstone reportedly ended the discussions last month.

Paramount Jumps Amid Reports That Skydance Merger Is Back On

Disney

Warner Bros Discovery Inc

It turns out running a profitable streaming video service is not as easy as Netflix (NASDAQ: NFLX ) makes it look.  The industry leader reported first-quarter revenue of $9.4 billion, generating net profits of $2.3 billion.

3 Streaming Stocks at Risk as Cancellations Soar

Overnight in the US, shares in media conglomerate Paramount Global (NASDAQ:PARA) lifted close to 8% after merger talks with Skydance Media resumed after the latter issued an improved offer.  Skydance, the independent studio created by David Ellison (son of Oracle's Larry Ellison), provided a rebuffed offer to attempt to secure the deal, months after Shari Redstone, who controls Paramount, ended the discussions abruptly, Financial Times reports revealed.

Paramount and Skydance renew merger talks with new bid

The media heiress reached a preliminary agreement to sell her controlling stake in Paramount Global to  Skydance Media – just weeks after she walked away from a deal between the two sides, according to multiple reports Tuesday.

Shari Redstone reaches preliminary deal to sell controlling stake in Paramount to Skydance Media for $1.75B

Skydance Media and Paramount Global are back in merger negotiations, according to multiple outlets, sending Paramount shares up more than 8% as the two companies re-enter the deal-making process following scuttled takeover talks last month.

Paramount Reaches Tentative Merger Deal With Skydance—Stock Spikes 8%

In a stunning reversal, David Ellison's Skydance Media and the Shari Redstone-controlled Paramount Global are back at the M&A altar. The companies have reached terms on a revised merger agreement for Redstone's National Amusements Inc.

News for Paramount Global Stock (PARA)