Paramount Global
NBCUniversal is pinning Peacock’s streaming success on its $2.45 billion per year NBA deal
The NBA logo is seen outside an NBA fan store in New York on July 8, 2024. Angela Weiss | AFP | Getty Images Executives at Comcast‘s NBC Sports targeted the NBA’s media rights renewal on their calendars for years. They wanted the NBA back after losing the games to Disney in 2002. But it […]
Read More
Philippe Laffont’s Coatue entered into Paramount last quarter amid weakness
Philippe Laffont’s Coatue built a position at Paramount Global amid tumultuous times for the storied media company. The technology-focused investor opened a stake of more than 3 million shares in the legacy entertainment giant during the second quarter, according to regulatory fillings. That amounts to a holding worth more than $38 million. Laffont is one of […]
Read More
Stocks making the biggest moves midday: Sweetgreen, Doximity, E.l.f. Beauty and more
Check out the companies making headlines in midday trading. Sweetgreen — Shares of the salad chain popped 24% after the company reported second-quarter revenue of $184.6 million, topping the $181 million consensus estimate, per LSEG. Sweetgreen also gave full-year revenue guidance of $670 million to $680 million. Analysts were expecting guidance of $674 million. Doximity […]
Read More
Stocks making the biggest moves premarket: Taiwan Semiconductor, Insulet, Paramount Global and more
Check out the companies making headlines in premarket trading. Taiwan Semiconductor — Stock in the chipmaker rose about 1% before the opening bell after the company reported strong July revenue, which showed an increase of nearly 45% year-over-year, according to a StreetAccount report. The Trade Desk — Shares gained nearly 4% after the ad-buying company […]
Read More
S&P 500 futures inch higher after the index registers its best day since 2022: Live updates
Traders work on the New York Stock Exchange (NYSE) floor on August 08, 2024 in New York City. Spencer Platt | Getty Images Stock futures were slightly higher on Thursday night after investors regained some ground from this week’s sell-off. Futures tied to the Dow Jones Industrial Average advanced 12 points, or less than 0.1%. […]
Read More
Stocks making the biggest moves after hours: Paramount, Expedia, E.l.f. Beauty and more
Check out the companies making headlines in after-hours trading. Paramount Global — The media company jumped 5.7% after posting a massive earnings beat for the second quarter, reporting earnings of 54 cents per share while analysts polled by LSEG called for 12 cents per share. Paramount’s revenue of $6.81 billion for the period fell short […]
Read More
Paramount Global revenue misses estimates as traditional pay TV continues decline
The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global‘s second-quarter revenue dropped 11% and missed analyst estimates as licensing, TV advertising and cable subscription sales dropped. Still, earnings surged as the company’s streaming division swung to an unexpected profit — the first time Paramount has […]
Read More
Pressure mounting on Warner Bros. Discovery CEO David Zaslav to deliver value for shareholders
David Zaslav attends the world premiere of “The Flash”, in Hollywood, Los Angeles, California, U.S., June 12, 2023. Mike Blake | Reuters Warner Bros. Discovery CEO David Zaslav needs a win. Soon. Since merging Discovery with WarnerMedia in 2022 and immediately slashing billions in costs, Zaslav has struggled to convince shareholders that his company is […]
Read More
Sony rules out renewing offer for Paramount, says it wouldn’t fit strategy
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty Images Sony’s finance chief on Wednesday said the Japanese technology and media giant will not reconsider a fresh bid for film and TV production group Paramount Global. Sony currently has no plans to submit a revised […]
Read More
Warner Bros. Discovery is counting on deregulation to unlock media deals — if there’s even appetite
David Zaslav at the Allen & Company Sun Valley Conference on July 9, 2024 in Sun Valley, Idaho. David Grogan | CNBC Comcast Chief Executive Officer Brian Roberts had a not-so-subtle message this week for Warner Bros. Discovery CEO David Zaslav: If you’re selling, I’m not buying. “Instead of engaging in a process to buy content […]
Read More