Paramount Global
What is Warner Bros. Discovery’s subsequent move? David Zaslav and John Malone provide clues
David Zaslav, CEO and president of Warner Bros. Discovery (L), and John Malone, chairman of Liberty Media, Liberty International, and Qurate Retail Team. CNBC | Reuters Warner Bros. Discovery‘s future stage to obtain scale may possibly be on the lookout at distressed belongings. Chief Executive David Zaslav and board member John Malone both created opinions […]
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SAG-AFTRA actors’ union reaches tentative labor arrangement with Hollywood studios
SAG-AFTRA associates walk the picket line on the 100th working day of their ongoing strike outside Paramount Studios in Los Angeles, California, Oct 20, 2023. Mario Anzuoni | Reuters Hollywood’s actors and studios have a preliminary labor agreement. “In a unanimous vote this afternoon, the SAG-AFTRA Tv/Theatrical Committee approved a tentative arrangement with the AMPTP […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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