Paramount Global
National Amusements stops discussions with Skydance on Paramount deal, sources say
National Amusements has stopped talks with Skydance on a proposed merger with Paramount Global, CNBC’s David Faber reported Tuesday. National Amusements, which is owned by Shari Redstone, the controlling shareholder of Paramount, had previously agreed to terms of a merger with a consortium that includes David Ellison’s Skydance, and private equity firms RedBird Capital and […]
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Stocks generating the most significant moves just after several hours: Oracle, Rentokil, Rubrik and much more
Verify out the providers making headlines in immediately after-several hours investing. Oracle — The tech company’s shares jumped virtually 9% just after it introduced cloud offers with Google and OpenAI, regardless of putting up a overlook on fiscal fourth-quarter benefits. Oracle posted altered earnings of $1.63 per share on income of $14.29 billion, while analysts […]
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Paramount leadership team outlines job cuts, streaming JV plans at annual meeting
A view of Paramount Studios’s water tank as SAG-AFTRA members walk the picket line outside during their ongoing strike, in Los Angeles, California, U.S., September 26, 2023. Mario Anzuoni | Reuters The current leadership of Paramount Global presented a go-forward plan at the company’s annual shareholder meeting Tuesday in the event a sale of the […]
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Stocks generating the biggest moves midday: GameStop, Paramount, Spotify, Krispy Kreme and a lot more
Check out the corporations producing headlines in midday trading: GameStop — The meme inventory jumped much more than 25% in risky buying and selling amid speculation that Keith Gill, the male who motivated 2021′s epic short squeeze, could have a enormous placement in the movie recreation retailer. Gill, who goes by DeepF——Price on Reddit, reappeared […]
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Paramount and Skydance agree to terms of a merger deal
The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023. Getty Images Paramount and Skydance have agreed to terms of a merger, which will likely be announced in the coming days, CNBC’s David Faber reported Monday. A Paramount special committee and the buying consortium — David Ellison’s Skydance, […]
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Shares earning the major moves premarket: GameStop, Stericycle, MarineMax, Paramount and additional
Look at out the firms generating headlines just before the bell: GameStop , AMC Entertainment — GameStop soared far more than 77% on speculation that Keith Gill, also recognised online as Roaring Kitty, has a stake in the enterprise well worth $116 million as of Friday’s shut. AMC shares jumped about 25% on the renewed […]
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Advertisers boost spending at retailers like Walmart and Amazon as TV shrinks
An M&M’s advertisement seen on a gas pump. Courtesy: GSTV The next frontier for the ad market isn’t on TV — it’s in stores and on your phone. Television had long been the key target for advertisers, until tech companies like Alphabet and Meta-owned platforms like Facebook began to gobble up market share. While ad […]
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Media companies look to woo advertisers as spending shifts to digital
Kevin Mazur | Getty Images Entertainment | Getty Images Media giants are making their annual pitches to advertisers this week against the backdrop of significant disruption in the industry. The Hollywood writers and actors strikes are over, meaning Upfronts will likely be star-studded once again, major cost cutting is largely in the rear view mirror […]
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The streaming future Disney promised is finally here as cable TV decays
The Walt Disney Company CEO Bob Iger attends the Nominees Luncheon for the 95th Oscars in Beverly Hills, California, U.S. February 13, 2023. Mario Anzuoni | Reuters For Disney, the future is now. It’s been five years in the making, but Disney nearly turned a profit in its streaming units for the first time in […]
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Stocks making the biggest moves midday: Berkshire Hathaway, Micron, Tyson Foods, Spirit Airlines and more
Check out the companies making headlines in midday trading: Berkshire Hathaway — Class A shares added 0.6% following the release of first-quarter results and the annual shareholders meeting on Saturday. Berkshire posted a 39% yearly jump in operating profit, while cash holdings are approaching $200 billion. Micron Technology — The Boise, Idaho-based semiconductor company jumped […]
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