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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Paramount Global's Black Entertainment Television on Monday defeated a Manhattan federal court lawsuit that accused the network of stealing another company's work for its pandemic-era Instagram Live show "House Party."

BET defeats copyright lawsuit over 'House Party' Instagram Live show

NEW YORK — After a globe-trotting publicity blitz by star Tom Cruise, “Mission: Impossible — Dead Reckoning Part One” launched with a franchise-best $80 million over five days, though it came in shy of industry expectations with a $56.2 million haul over the three-day weekend, according to studio estimates.

‘Mission: Impossible' debuts with $80 million over 5 days, igniting box office but missing expectations

Paramount Global's parent company, National Amusements, is negotiating with creditors over its loans due to lower cash flows and financial risks. Despite a dividend cut and a weak Q2 expected in August, Paramount is expected to improve its earnings and free cash flow by 2024. I assessed that significant pessimism seems to have been priced in, as dip buyers returned confidently in late May, defending against the free fall.

Paramount: It's Finally Time To Buy The Massive Drop (Rating Upgrade)

National Amusements, the media and movie-theater company that controls Paramount Global PARA, -5.11% is trying to rework the terms of some of its debt following the disclosure of steeper financial difficulties, the Wall Street Journal reported on Friday. The Journal, citing people familiar with the matter, said the disclosure in National Amusements' annual report pertained to a subsidiary of that owns movie theaters, adding that the report said “lower cash flows had created some uncertainty about National Amusements' ability to continue as a going concern.

Paramount parent in discussions to renegotiate some debt: WSJ

Analysts at UBS have lowered their price target for Paramount Global stock ahead of the company's second quarter earnings on August 7. The Street expects the media and entertainment giant to report earnings per share (EPS) of $0.07 on revenue of $7.48 billion, down from EPS of $0.64 on revenue of $7.78 billion in the year-ago quarter.

Paramount Global expected to report declines in revenue and earnings for 2Q

FoodStory Brands and Paramount Consumer Products Have Transformed TV's #1 Series Yellowstone  Into a Line of Thoughtfully Crafted Western Cuisine PHOENIX , July 12, 2023 /PRNewswire/ -- FoodStory Brands and Paramount Consumer Products today announced a new Yellowstone line of elevated Western cuisine, which brings the hit television series to life in American kitchens. The line embodies the rustic, authentic experience of the Yellowstone universe and includes premium coffee, seasonings and rubs, meat snacks, and Angus beef chili.

FoodStory Brands and Paramount Consumer Products Bring Paramount Network's Hit Series, Yellowstone, to Supermarkets

PARA has continued to struggle after announcing poor Q1 results that also came with the announcement of a dividend cut. The dividend cut should help their balance sheet, and it wasn't too surprising since they were running negative FCF anyway. Management expects to be FCF-positive next year, and their DTC business continues to grow sales rapidly with strong subscriber growth for Paramount+.

Paramount Global: Upside Potential On Turnaround To Earnings Growth

Warner Bros Discovery Inc

Shares of Paramount Global and Warner Bros. Discovery Inc. took a hit Friday after they were downgraded at Wolfe Research because of increasing concerns that advertising spending would fall.

Shares of Paramount, Warner Bros. fall after downgrades, on concerns over falling ad spending

Paramount Global (NASDAQ:PARA) stock is down 1.4% to trade at $16.24 this morning, following a bear note from Wolfe Research.

Analyst: Paramount at Risk of Advertising Downturn

The companies face a drop later this year in upfront deals, where advertising customers buy commercial spots that air at later dates, analysts wrote.

Paramount and Warner Bros. Get Downgrades.

NEW YORK , July 7, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) announced today that it will report second quarter financial results on Monday, August 7, 2023. The company will conduct a conference call at 4:30 p.m.

Paramount Global to Report Second Quarter Financial Results on August 7, 2023

Paramount Global has re-upped CFO Naveen Chopra through 2026. In an SEC filing Friday, the company said it had reached a three-year contract extension with the former Amazon and Pandora executive. The pact started June 21 and runs through June 20, 2026, the filing said.

Paramount Extends Contract Of CFO Naveen Chopra Through 2026

Disney's latest Pixar release was less than a smash success, and its upcoming films offer mixed potential. Paramount has three promising films set for summer release that are connected to well-known brands.

Can Paramount Exploit Disney's Recent Weakness at the box Office?

Paramount Global (NYSE: PARA) stock price has been one of the most underperforming media companies this year. The stock has dropped by 10% in 2023 while Warner Bros Discovery (WBD) and Netflix (NFLX) shares have jumped by double-digits.

Paramount stock price is a bargain: Is it a good media company to buy?

Netflix

Disney

Twenty-First Century Fox

This year was supposed to be a rebound for legacy media companies such as Disney and Warner Bros. Discovery.

Legacy media companies enter dark times as failures mount and Netflix rises again

The market has overreacted to recent poor performance, despite management's clear guidance that 2023 was going to be a peak streaming spending year. Many investors were also likely looking to Buffett for reassurance after the dividend cut, and received none. Warren Buffett being unwilling to show his cards is not bad in my view. When compared to the Time Warner deal a few years ago, the potential private value of PARA appears to be significantly higher than current market prices.

Paramount Pullback Provides Larger Margin Of Safety

The “Diary of a Mad Black Woman” star has been considered the frontrunner to win the auction for BET Group.

Paramount's BET sale in doubt as Tyler Perry balks at $3B price, sources say

Paramount had to cut its dividend recently to account for free cash flow issues. Direct-to-consumer was the only segment that increased revenue in the latest quarter.

Paramount Stock: Buy, Sell, or Hold?

Paramount Global is “deep into the marketing process” for publisher Simon & Schuster and can see a path to closing a deal this year, CFO Naveen Chopra said today, putting the first timeframe on a sale.

Paramount Global Could Close Sale Of Simon & Schuster By Year End, CFO Says; Company “Open Minded” To Broader Media M&A

An article in financial media reported that the TV and film incumbent is in talks with a large peer to add the ad-based tier of its streaming service. Paramount+ has quickly become a cornerstone of the storied Hollywood studio's business.

Why Paramount Global Stock Was a Winner on Wednesday

A lackluster quarterly report and dividend cut resulted in a significant drop in shares. The Paramount+ streaming video service showed a strong revenue increase but remained unprofitable.

Why Paramount Stock Fell 35% Lower Last Month

Paramount+ Mountain Of Premium Entertainment Including Originals, Movies, And Live Sports Are Now Available On Smart TVs Powered By VIDAA NEW YORK , June 6, 2023 /PRNewswire/ -- VIDAA, the leading smart TV OS powering Hisense, Toshiba, and other leading regional OEM brands, and Paramount (NASDAQ: PARA, PARAA) announced today a new partnership to bring Paramount+ to smart TVs powered by VIDAA in Canada and Latin America, including Brazil. VIDAA, THE SMART TV POWERING HISENSE, AND PARAMOUNT PARTNER TO BRING PARAMOUNT+ TO CANADIAN AND LATIN AMERICAN VIEWERS Starting today, VIDAA viewers in Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, Venezuela and Canada can access Paramount+ extensive library of original content, blockbuster movies, live sports, and more on their smart TVs.

VIDAA, THE SMART TV OPERATING SYSTEM POWERING HISENSE, AND PARAMOUNT PARTNER TO BRING PARAMOUNT+ TO VIDAA VIEWERS IN CANADA AND LATIN AMERICA

Paramount is seeing strong demand for its film content. A recovery in the ad market is a major catalyst for the stock.

A Bull Market Is Coming: 3 Reasons to Buy Paramount Stock

Paramount Global stock (NASDAQ: PARA) has had a tough year, declining by about 12% year-to-date, underperforming the S&P 500 which has risen by about 10% over the same

What's Happening With Paramount Stock?

Cox Media Group LLC, Fox Corp and CBS Corp have agreed to pay a combined $48 million to resolve civil antitrust claims in U.S. Court that accuse them of a conspiracy to artificially fix the prices of spot advertising on broadcast television.

News for Paramount Global Stock (PARAA)