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CNBC Host Finds Paramount Earnings Call Lasted Just As Long As Led Zeppelin's 'Stairway To Heaven' But Only One Included 'Tidbit Of CEO Getting Fired'
Tuesday, April 30, 2024 - 1:56am | 755CNBC “Last Call” host Brian Sullivan drew a comparison between Paramount‘s (NASDAQ:PARA) recent earnings call and Led Zeppelin‘s iconic song, “Stairway to Heaven.” What Happened: During CNBC’s “Last Call on Monday, Sullivan humorously pointed out,...
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Paramount Shareholders Express Concerns Over Potential Skydance Media Merger: 'Any Merger Talks That Forego Competitive Bidding...Is Averse To The Fair Market Value Of A Company'
Friday, April 12, 2024 - 8:53am | 740As Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) navigates through a potential merger with Skydance Media, investor concerns are surfacing regarding the deal’s fairness and the exploration of alternative options. What Happened: Some investors of Paramount Global are voicing their unease over...
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Paramount Global's Potential Sale To Skydance Media: A Tale Of Shifting Shareholder Outcomes And Streaming Strategies
Saturday, April 6, 2024 - 2:28pm | 382A sale of Paramount Global (NASDAQ:PARA) could have varied outcomes for Shari Redstone, the controlling shareholder, and other investors in the entertainment giant. National Amusements, controlled by Redstone and has a significant voting stake in Paramount, is in exclusive negotiations to sell...
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Paramount+ Users Encounter Frozen Screens, Audio Problems And Slow Loading While Trying To Watch Super Bowl
Sunday, February 11, 2024 - 9:08pm | 829As the Super Bowl LVIII was about to commence, Paramount+ users encountered technical glitches, leaving them unable to access the pregame coverage. The streaming service, owned by Paramount Global (NASDAQ:PARA), reportedly experienced issues such as slow loading, frozen screens, and audio problems...
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Historic Hollywood Strike Nears End, But Battle Isn't Over: Look Back At The Shows Affected
Monday, September 25, 2023 - 8:51am | 1608The Hollywood strike, which has lasted for months, is nearing its end, and it’s the right time to reflect on the shows that faced disruption during this period. What Happened: Negotiations between the major film and television studios and the striking writers from the ...
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Scorsese's 'Killers Of The Flower Moon' Bypasses Limited Run, Apple To Stream Film Globally
Tuesday, August 29, 2023 - 11:22pm | 578Highly-awaited Martin Scorsese film ‘Killers of the Flower Moon’ is slated for a global release on October 20, 2023, foregoing its limited theatrical run. What Happened: As reported by AppleInsider on Tuesday, the film will stream on Apple TV+, shifting from its original plan of limited...
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ViacomCBS Shifts Focus To Streaming: Does The Stock Offer More Upside Than Netflix?
Wednesday, February 16, 2022 - 3:53pm | 450ViacomCBS Inc (NASDAQ: VIAC) shares are plummeting after the company reported weak earnings results, despite better-than-expected revenue and solid streaming numbers. What Happened: ViacomCBS reported quarterly revenue of $8 billion, which beat the $7.49 billion estimate, but the global media...
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US Box Office Sales On Pace To Rebound... To 1982 Levels
Saturday, March 13, 2021 - 10:35am | 483Movie theaters in the U.S. are on pace to hit as high as $6 billion in sales this year, but that still would only be the same level as in 1982, adjusted for inflation, Bloomberg reported. Slow Rebound: Gathering data from Boxoffice Pro, Bloomberg said U.S. box office sales will still be below 2019...
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Viacom Is Making The Right Investments, Macquarie Says In First Bullish Turn On Telecom
Thursday, September 20, 2018 - 1:37pm | 429For the first time ever, Macquarie is recommending Viacom, Inc. (NASDAQ: VIAB) and said the telecom is making the right investments in data and technology. The Analyst Analyst Tim Nollen upgraded Viacom from Neutral to Outperform with a price target lifted from $34 to $37. The Thesis The...
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Viacom Left Behind In Fundamental Media Shift, Macquarie Says
Tuesday, January 2, 2018 - 5:58pm | 483Macquarie Research analysts never recommended owning Viacom, Inc. (NASDAQ: VIAB)'s stock, but the firm is taking a "tougher stance" against the company in 2018 — and the entire ad-supported media sector. The Analyst Macquarie Research's Tim Nollen downgraded Viacom ...
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10 Paramount Films That Wouldn't Exist Without Major Financing
Wednesday, November 8, 2017 - 3:43pm | 624From the studio that brought you “The Godfather,” “Titanic” and “Forrest Gump” comes an all-new title: “Paramount's Paramount Blow.” Viacom, Inc. (NASDAQ: VIA) (NASDAQ: VIAB) subsidiary Paramount Pictures announced Tuesday the end of its...
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Will Viacom Sell Some Of Its 24 Networks To Reinvest In MTV, Paramount Films?
Tuesday, February 7, 2017 - 4:09pm | 416Media giant Viacom, Inc. (NASDAQ: VIAB) will release its first-quarter earnings before the market opens on Thursday. Consensus estimates stand at $3.18 billion in revenues with EPS expected to come in at $0.83. Loop Capital has raised its price target on Viacom to $38 from $37 and maintains a Hold...
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5 Potential M&A Deals In The Media And Internet Space
Monday, October 17, 2016 - 1:42pm | 537M&A has been the key theme for media and internet stocks in 2016. In a new note, BMO analyst Daniel Salmon gives his take on the potential deals running through the rumor mill. According to Salmon, a potential merger between Viacom, Inc. (NASDAQ: VIAB) and CBS Corporation (NYSE: CBS) could make...
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Viacom: Dividend Cuts And CEO Exit Leave Investors Anxious
Thursday, September 22, 2016 - 3:38pm | 515Viacom, Inc. (NASDAQ: VIAB) left investors more anxious after the media company cut its dividend and fourth quarter earnings guidance, and announced the exit of interim CEO Tom Dooley. The company slashed its quarterly dividend in half, from $0.40 to $0.20, which will save about $80 million per...
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Here's Why Wells Fargo Favors A Dividend Suspension At Viacom
Tuesday, September 20, 2016 - 2:34pm | 497Wells Fargo's call for a dividend suspension for Viacom, Inc. (NASDAQ: VIAB) could come as a rude shock for income investors. However, the firm sees the move as logical. In a research note published Tuesday, Wells Fargo argues for a suspension of dividend rather than a cut, given the balance sheet...