Paramount Global
Skydance's unique offer for Paramount Global would give it a large stake while keeping the company public
Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Mike Blake | Reuters Skydance Media’s offer to acquire National Amusements and merge its studio with Paramount Pictures isn’t a conventional takeover. The question for Paramount Global shareholders might be: Is it better than […]
Read More
Paramount stock slumps on reports that Skydance merger would require company to raise new equity
Paramount Global‘s stock slumped 8% on Thursday after CNBC’s David Faber reported the company would need to raise as much as $3 billion in new equity if it were to merge with David Ellison’s Skydance Media, according to sources familiar with the deal. This deal comes as media mogul Shari Redstone, the controlling shareholder of […]
Read More
Shares making the most significant moves premarket: Intel, Tesla, Dave & Buster's, Paramount and much more
Check out out the firms building headlines in premarket buying and selling. Intel — Shares fell a lot more than 4% right after the business disclosed a increasing running decline in its semiconductor production business enterprise. Intel documented an working decline of $7 billion in 2023 for the arm of the business, when compared to […]
Read More
Why streamers are shrinking their content libraries
Every day the streaming landscape is looking more and more like the beast it sought to slay — cable. Looming talks of platform bundles come as major streamers push ad-supported plans, limit password sharing and lean into live sports coverage. The goal of exponential subscriber growth, fueled by pandemic lockdowns, has shifted. Wall Street wants […]
Read More
Barbie is the blueprint as Mattel seeks to revitalize American Girl, Fisher-Price
Margot Robbie is Barbie in Warner Bros.’ “Barbie.” Warner Bros. If there’s one thing Mattel CEO Ynon Kreiz wants shareholders to take away on Thursday, it’s the power of Barbie. As the toymaker faces activist pressure from Barington Capital, particularly around its strategy with the Fisher-Price and American Girl brands, it’s putting forth Barbie as […]
Read More
'Dune: Part Two' looks to end box office drought with $80 million opening
Timothee Chalamet stars as Paul Atreides in Denis Villeneuve’s “Dune: Part Two.” Warner Bros. | Legendary Entertainment LOS ANGELES — Movie theater operators are hoping that Warner Bros. and Legendary Entertainment’s “Dune: Part Two,” due out in theaters Friday, will be the much-needed oasis amid a drought of blockbuster content. Since the start of the […]
Read More
CNBC Day by day Open: Markets brace for Fed's essential inflation gauge
A trader performs all through the closing bell at the New York Inventory Exchange (NYSE) on March 17, 2020 at Wall Street in New York Metropolis. Johannes Eisele | Afp | Getty Visuals This report is from present-day CNBC Every day Open up, our global marketplaces publication. CNBC Daily Open delivers buyers up to speed […]
Read More
CNBC Each day Open up: Wall Avenue on edge in excess of Fed's crucial inflation gauge
A trader functions, as a screen displays a news meeting by Federal Reserve Board Chairman Jerome Powell next the Fed charge announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. Brendan Mcdermid | Reuters This report is from present-day CNBC Each day Open up, our […]
Read More
Paramount falls short of revenue expectations but posts surprise profit, strong streaming results
Paramount Global missed revenue expectations for the fourth quarter on Wednesday but posted a surprise quarterly profit and posted strong results from its streaming platform Paramount+. Here’s how Paramount performed in the fourth quarter compared to Wall Street estimates from LSEG, formerly known as Refinitiv: Earnings per share: 4 cents vs. an expected loss of […]
Read More
CNBC Everyday Open up: Individuals' temper on the overall economy sinks
U.S. President Joe Biden speaks with employees although going to CS Wind, the greatest wind tower producer in the environment, in Pueblo, Colorado, U.S., November 29, 2023. Evelyn Hockstein | Reuters This report is from today’s CNBC Day-to-day Open up, our global markets publication. CNBC Every day Open delivers investors up to velocity on everything […]
Read More