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.

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Hotel to Feature Most Popular Nickelodeon Brands and Characters for an Immersive, Family-Friendly Experience MIAMI , May 23, 2024 /PRNewswire/ --  Lion Star , Everest Place, and Paramount have unveiled their partnership to bring to life the much-anticipated Nickelodeon Hotels & Resorts Orlando in Kissimmee, Florida. Slated to open in 2026, this resort will be located in the Everest Place development and expertly operated by Lion Star Hospitality Inc., the exclusive US licensee for Karisma Hotels & Resorts, welcoming guests to explore a world of limitless fun and boundless opportunity.

Lion Star, Everest Place, and Paramount Announce Plans for Nickelodeon Hotels & Resorts Orlando, Opening in 2026

Sony

A Hollywood producer believes that Sony is the best choice to handle the PARA deal and navigate the complexities of the industry. The value of past and future IP is difficult to accurately assess, making it challenging to determine a fair deal. The producer emphasizes the importance of building stars in the industry and suggests that Hollywood has forgotten how to do so. Sony is seen as capable of maximizing the return on PARA's assets.

Paramount: Time To Close - Our Blockbuster Producer Says Sony Or Break Up

Paramount Global remains my worst investment, but I still believe in its potential for success. Paramount's "lack of scale" is not the reason for its underperformance as it spends about as much on content as industry leader Netflix. Paramount's loss last year was largely the result of one-off writedowns, both domestically and internationally. These losses will not repeat going forward.

Paramount: Deal Rumors Aside, What About The Operations? Can The Company Turn A Profit?

Apollo Global Management

Paramount shares at $12-$13 trade far below the lowest price in the Sony-Apollo bid at $22. The major voting shareholder of Paramount is forced to raise cash to pay debts, which may lead to Paramount being sold. Sony has been interested in buying Paramount for a long time now.

Paramount Takeover Talks: Sony-Apollo Deal Closure Could Lead To Large Gains

Sony Pictures Entertainment and Apollo Global Management have signed nondisclosure agreements that will allow them to look at Paramount's books ahead of a potential bid for the movie studio's assets, the New York Times reported on Friday, citing people familiar with the matter.

Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports

Sony has signed an NDA with Paramount Global, a move that will give it access to the books and allow deal talks to move ahead, Deadline hears. Sony, parent of U.S.

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

Paramount Global's EVP, Chief Communications and Corporate Marketing Officer Julia Phelps will leave the company at the end of May. Her group — which encompasses Corporate Communications, Marketing, Social Impact, ESG, Creative & Strategy, Production, Board Relations and Events and Brand Experience — will report to studio chief Brian Robbins on an interim basis.

Paramount's Communications & Corporate Marketing Chief To Exit, Group Will Report To Brian Robbins On Interim Basis

Chevron

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Warren Buffett's Berkshire Hathaway initiated a big stake in Chubb and dumped HPQ, among other moves.

4 Stocks Warren Buffett Is Buying (and 6 He's Selling)

BuildABear

Unveils Special Workshop Experience Designed to Transcend the Screen by Bringing IF Characters "To Life" for Fans ST. LOUIS , May 16, 2024 /PRNewswire/ -- Build-A-Bear Workshop, Inc. (NYSE:  BBW ) is thrilled to announce the in-store celebration of the upcoming Paramount Pictures feature film, IF, in theatres May 17, through its longstanding partnership with Paramount Consumer Products.

Build-A-Bear and Paramount Pictures Forge Creative Collaboration on New Feature Film, IF

Paramount Global (NASDAQ:PARA) was heading for a rocky start to trading today CNBC reported overnight that Sony Pictures is reconsidering its bid for the business. Stories last week were that Sony and private equity group Apollo planned to sell Paramount's streaming services and TV channels if their US$26 billion joint bid goes ahead.

Sony getting cold feet over Paramount deal, report claims

Shares of Paramount Global on Tuesday fell after CNBC reported that Sony is rethinking its bid for the company, the latest twist in the TV and movie producer's merger drama.

Paramount shares fall on report that Sony is reconsidering its bid

Major U.S. equities indexes hovered close to their flatlines for most of the session before rallying in the afternoon to end Tuesday higher.

S&P 500 Gains and Losses Today: Paramount Global Sinks as Sony Reconsiders Bid

Shares of Paramount Global dipped suddenly in afternoon trading on a CNBC report that Sony and Apollo may be “rethinking” their joint bid for the company.

Paramount Shares Dip On Report Sony “Rethinking” $26 Billion Bid

Sony Pictures is rethinking its bid for Paramount Global , CNBC reported on Tuesday, citing sources, sending the shares of the U.S. media company down more than 7%.

Sony rethinking its bid for Paramount, CNBC reports

Bite-sized Baskin-Robbins™ candy and mystery-flavored Krabby Patties debut at this year's show PHILADELPHIA , May 13, 2024 /PRNewswire/ -- Frankford Candy, the leader in manufacturing and marketing licensed confections and gifts, is previewing some sweet collaborations at the 2024 Sweet & Snacks Expo, including popular ice cream brand, Baskin-Robbins and Nickelodeon's Krabby Patties from the iconic show, SpongeBob SquarePants. After debuting at booth 10714 on the show floor, the new candy varieties will be available online and at grocery retailers nationwide starting in August.

Frankford Candy Unveils New Treats, New Packaging at 2024 Sweets & Snacks Expo

Byron Allen, who wanted to buy Paramount from Shari Redstone for $30 billion is nowhere to be found in merger talks as no one seems to think he has the money.

Nobody knows what Paramount chair Shari Redstone wants to do with hard-to-sell conglomerate

Paramount Global is used to producing gripping dramas, but it likely didn't expect to end up starring in one. Yet, the road to a potential Paramount merger has taken several twists and turns.

Paramount's fate could go in 3 possible directions

Paramount Global (NASDAQ: PARA) stock price has been in the spotlight this month as investors focused on its acquisition. It has already surged by almost 30% from its lowest level in March, outperforming other media companies like Warner Bros.

PARA stock price forecast: what if Paramount is not acquired?

Sony (NYSE:SONY) and Apollo Management reportedly plan to sell off Paramount Global (NASDAQ:PARA) traditional 'linear' television channels and its streaming service Paramount Plus if they complete their $26 billion takeover. The three companies are in talks about the bid and potential next steps, the New York Times reported, though no formal due diligence or nondisclosure agreements have yet been agreed.

Sony and Apollo plan to split up Paramount Global if takeover goes ahead

Should Sony and Apollo get their hooks into Paramount Global their strategy would be to keep theatrical release output steady between both studios –not reduced– while cutting the more burdonsome parts of the conglom, read auctioning off CBS, the linear channels like MTV and Paramount Plus streaming service.

Sony Apollo Paramount Merger Wouldn't Reduce Theatrical Output, Though TV & Streaming Assets Would Be Shed

Paramount Global's vast entertainment empire would be broken up if a buyout bid from Sony Pictures Entertainment and Apollo Global Management succeeds, according to a new report.

Sony, Apollo reportedly plan to break up Paramount if their buyout bid succeeds

Paramount Global is in talks about opening its books to a consortium of Sony Pictures and buyout firm Apollo Global Management interested in acquiring the U.S. media company, people familiar with the matter said on Wednesday.

Paramount in talks to open its books to Sony, Apollo, sources say

Sony Pictures Entertainment and private equity firm Apollo Global Management plan to acquire Paramount Global for $26 billion and break up the company, the New York Times reported on Wednesday, citing people familiar with the deal discussions.

Sony and Apollo plan to break up Paramount, NYT reports

Apple

Comcast

Disney

Alphabet

Netflix

Warner Bros Discovery Inc

The streaming market is saturated and needs consolidation for a recovery to occur. Comcast and Disney have great assets, but will take time to realize value. Paramount and Warner need to be consolidated into competitors for the industry to recover sooner than later. The opportunity is on potential M&A.

Quick Takes On Streaming Stocks

Amdocs

Vubiquity will oversee licensing, programming, localization and broadcast operations for MTV Japan, as well as manage affiliate relationships JERSEY CITY, NJ / ACCESSWIRE / May 8, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that Vubiquity, an Amdocs company, has been selected by Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) to assume all operational activities and management of affiliates for MTV in Japan under a new licensing agreement. Vubiquity will be responsible for all aspects of operations for the MTV Japan linear channel, with plans to conclude the transition by the end of June 2024.

News for Paramount Global Stock (PARAA)