Paramount Global
Disney shares fall following softer-than-expected ‘Avatar’ opening weekend
Avatar: The Way of Water Courtesy: Disney Co. Shares of Disney dropped on Monday following a weaker-than-expected opening box office weekend for James Cameron’s “Avatar: The Way of Water.” Disney shares were trading down more than 4% at around $86 each, hitting a 52-week low for the company that has seen its stock fall more […]
Read More
What’s next for Netflix, Disney and the NFL? 12 media executives predict 2023’s big moves
Andrew Ross Sorkin speaks with Netflix founder and Co-CEO Reed Hastings during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Michael M. Santiago | Getty Images Back by popular demand (OK, fine, I just wanted to do this again), […]
Read More
‘Avatar: The Way of Water’ makes $17 million in Thursday previews, driven by big 3D sales
James Cameron’s “Avatar: The Way of Water” snared $17 million during its Thursday night previews on its way towards a $175 million opening weekend. The number itself is not particularly remarkable compared to other cinematic releases this year, but the percentage of tickets that were sold for 3D and premium format screenings is quite notable. […]
Read More
CBS-owned stations added to free, rapidly growing local news streaming service VUit
The streaming platform VUit is bulking up with newscasts from Paramount Global‘s owned and operated local CBS TV stations as the fledgling service looks to take a bigger foothold in the sprawling U.S. local news market. The streaming newscasts from CBS’s 13 owned and operated stations, two of which are in the major markets New […]
Read More
Penguin Random House CEO steps down weeks after judge blocked Simon & Schuster merger
Markus Dohle, Chief Executive Officer of Penguin Random House, pictured during Bertelsmann Annual Press Conference on March 22, 2016 in Berlin, Germany. Thomas Koehler | Photothek | Getty Images Penguin Random House said Friday that CEO Markus Dohle will step down at the end of the year, weeks after the collapse of a deal to […]
Read More
Cramer’s lightning round: AGNC Investment is not a buy
Paramount Global: “Too cheap to believe. … I don’t know where it bottoms, but it sure isn’t close to the top.” Hasbro Inc: “I don’t like the earnings, and I think that Mattel‘s actually cheaper.” Citigroup Inc: “The book value is so different from where the common stock is, the price. Something is very wrong […]
Read More
Stocks earning the largest moves midday: Textron, Constitution, Estee Lauder, Signet and additional
Beechcraft King Air turboprop plane are found on the assembly line at the Textron Aviation Inc. generation facility in Wichita, Kansas, on Thursday, June 7, 2018. Luke Sharett | Bloomberg | Getty Photos Look at out the businesses making headlines in midday investing. Textron – Shares of Textron jumped 6% just after the business gained […]
Read More
Paramount shares fall as CEO lowers fourth-quarter ad revenue forecast
In this photo illustration, the Paramount Global logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Shares of Paramount Global fell Tuesday after CEO Robert Bakish warned that fourth-quarter advertising revenue would be lower than the company’s sluggish third-quarter figures. “The current market is challenging and we’re […]
Read More
David Zaslav’s top priority at Warner Bros. Discovery: Get the cash flowing again
David Zaslav Olivia Michael | CNBC A few months ago, after a lengthy and sobering review of Warner Bros. Discovery‘s business, Chief Executive David Zaslav gave his division heads a cutthroat mission. Pretend your units are family businesses, Zaslav said. Start from scratch and prioritize free cash flow, he added, according to people familiar with […]
Read More
CNBC Pro Talks: Evercore’s Mark Mahaney finds bargains in major tech and solutions your issues
ShareShare Short article through FbShare Post through TwitterShare Post via LinkedInShare Article by using E-mail Evercore ISI analyst Mark Mahaney sat down with CNBC Pro to share the tech names he is looking at heading into 2022. He also breaks down what shares he sights in the journey place that could do effectively, even in […]
Read More