Paramount Global
Warner Bros. Discovery stock sinks as ad revenue falls and Zaslav warns of ‘generational disruption’
Brazil – 2022/08/05: In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Warner Bros. Discovery shares fell Wednesday after the company reported a decline in advertising revenue, a bigger-than-expected loss and lackluster streaming subscriber numbers. Here’s what the company reported for the […]
Read More
Disney’s board is in focus as activist investor Nelson Peltz considers his next move
Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, on Thursday, March 30, 2023. Marco Bello | Bloomberg | Getty Images Company boards tend to want to stay out of the spotlight. Activist investor Nelson Peltz may be intent on making […]
Read More
SAG-AFTRA says studios’ latest offer falls short of union’s AI demands
NEW YORK, NEW YORK – OCTOBER 31: Rebecca Damon joins SAG-AFTRA members on strike during Halloween on October 31, 2023 in New York City. The strike, which began on July 14, entered its 100th day on October 21st as the actors’ union and Hollywood studios and streamers failed to reach an agreement. (Photo by John […]
Read More
Starz to lay off more than 10% of employees ahead of Lionsgate spinoff
Starz CEO Jeffrey Hirsch Source: Starz Starz, the premium network and streaming service that will soon be its own publicly traded company, is laying off more than 10% of employees and is exiting Australia and the U.K. Starz Chief Executive Officer Jeffrey Hirsch announced the news in an email to staff obtained by CNBC on […]
Read More
Paramount Global stock jumps for second straight day
Tom Ryan, CEO and President of Paramount Streaming, speaks during the LG press conference ahead of the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 4, 2023. Patrick T. Fallon | AFP | Getty Images Paramount stock jumped about 10% Friday morning, a day after posting a double-digit gain. The media giant released […]
Read More
Paramount stock rises after strong earnings report, adding to blockbuster day
The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California, on March 9, 2023. Patrick T. Fallon | AFP | Getty Images Paramount Global’s stock moved higher in extended trading Thursday after it reported strong revenue and subscription trends in its third-quarter earnings report. The after-hours move came on top of […]
Read More
Nasdaq 100 futures slip soon after Apple experiences earnings: Stay updates
Traders perform on the flooring of the New York Inventory Exchange on Could 16, 2023. Brendan McDermid | Reuters Nasdaq 100 futures slipped Thursday night time following Apple issued its most up-to-date quarterly final results. Futures joined to the tech-significant index slid .2%, although S&P 500 futures dropped .1%. Futures tied to the Dow Jones […]
Read More
Media shares pop as Roku rally lifts the sector
A Roku Inc. distant in an arranged photograph in Hastings-on-Hudson, New York, U.S., on Sunday, May 2, 2021. Bloomberg | Bloomberg | Getty Visuals Media shares popped on Thursday as Roku’s 30% rally lifted the full sector. Wall Avenue celebrated the streaming unit firm’s 3rd quarter-report Wednesday, in which Roku documented strong developments in content […]
Read More
Inventory futures are very little modified as notice turns from Fed to latest earnings studies: Are living updates
Spencer Platt | Getty Photos Inventory futures are around flat Wednesday night as buyers shifted emphasis from the Federal Reserve’s plan decision to the most recent batch of corporate earnings reports. Futures tied to the Dow Jones Industrial Average slid 4 factors, buying and selling near flat. S&P 500 futures and Nasdaq 100 futures each […]
Read More
Paramount’s Shari Redstone is open for business, but business may not be open for her
Shari Redstone, president of National Amusements and controlling shareholder of Paramount Global, walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, July 12, 2023. David A. Grogan | CNBC Shari Redstone may have missed her window. Paramount Global‘s controlling shareholder is open to a merger or selling […]
Read More