Paramount Global

Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through the following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films, as well as the company's digital streaming services, CBS All Access and CBSN. The Cable Networks segment includes Showtime Networks, CBS Sports Network, and Smithsonian Networks. The Publishing segment manages Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Local Media segment handles CBS Television Stations and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.

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Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through the following segments: TV Media, Direct-to-Consumer and Filmed Entertainment. The TV Media segment includes broadcast operations, cable networks, and television studios, creating and distributing TV content both domestically and internationally. The Direct-to-Consumer segment offers a range of paid and free streaming services to audiences domestically and internationally. The Filmed Entertainment segment includes Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, Awesomeness, and Miramax, focusing on film production and distribution. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.

Office REITs have been heavily impacted by the work-from-home trend, resulting in a YTD loss of over 20%. Office REITs had the third-worst performance of any REIT sector in Q3 earnings season, with a 14% decline in FFO from a year ago. Major markets with long commute times, such as San Francisco and New York City, are experiencing ongoing softness in demand for office space.

Paramount Group: Pull The Plug

Warner Bros Discovery Inc

Paramount Global (NASDAQ:PARA) got a boost in its South Park legal battle with Warner Bros Discovery Inc (NASDAQ:WBD) in a ruling by New York judge Margaret Chan. With Warner Bros having sued Paramount in February to try and enforce exclusive streaming rights to South Park on its HBO Max platform.

Respect my authoritah: South Park legal gives Paramount win over Warner Bros Discovery

The judge's ruling leaves intact parts of Warner Bros. Discovery's lawsuit over a "South Park" streaming deal.

Judge sides with Paramount on some claims in Warner Bros. 'South Park' streaming lawsuit

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The "Oracle of Omaha" is known for seeking out companies with strong economic moats. But the media giant's streaming revenue may not compensate for what's losing on cable TV.

What Investors Can Learn From Buffett's Miss in Paramount Global Stock

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Paramount can crank out the blockbuster films when it needs more revenue. Paramount has a treasure trove of content it can leverage in the streaming wars.

3 Things Smart Investors Know About Paramount Global Stock

NEW YORK, Nov. 9, 2023 /PRNewswire/ -- Paramount Global ("Paramount," "we" or "our") (NASDAQ: PARA, PARAA) today announced that its previously announced cash tender offers (collectively, the "Any and All Offers") for any and all of its 4.750% Senior Notes due 2025 and 3.450% Senior Notes due 2026  (collectively, the "Any and All Securities") expired as of 5:00 p.m., New York City time, on November 9, 2023 (the "Any and All Expiration Date").

Paramount Global Announces the Expiration and Results of its Any and All Tender Offers for Certain Outstanding Debt Securities

NEW YORK , Nov. 9, 2023 /PRNewswire/ -- Paramount Global ("Paramount," "we" or "our") (NASDAQ: PARA, PARAA) today announced the pricing terms of its previously announced cash tender offers (collectively, the "Any and All Offers") for any and all of its 4.750% Senior Notes due 2025 and 3.450% Senior Notes due 2026 (collectively, the "Any and All Securities"). The Any and All Offers are being made pursuant to and are subject to the terms and conditions set forth in the Offer to Purchase dated November 2, 2023 (as amended or supplemented, the "Offer to Purchase") and related notice of guaranteed delivery (as may be amended or supplemented from time to time, the "Notice of Guaranteed Delivery").

Paramount Global Announces the Pricing Terms of its Any and All Tender Offers for Certain Outstanding Debt Securities

Disney

Disney (DIS), Paramount (PARA), and Warner Bros. Discovery (WBD) shares surged Thursday after studios reached a tentative deal with striking actors, bringing the 118-day Hollywood strike to an end.

Disney, Paramount Shares Rise After Studios Reach Tentative Deal With Actors

Hollywood actors yesterday struck a tentative three-year contract worth more than $1 billion with major studios, which will increase minimum salaries.

Media Stocks React to SAG-AFTRA Tentative Deal

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Digital Engagement Paramount to Customer Satisfaction, Reducing Cost to Serve, J.D. Power Finds

Netflix

Investors in Hollywood studios on Thursday cheered a tentative deal with actors that could help restart production of movies and shows halted by a series of strikes since spring.

Big media rallies as tentative actors' deal paves way for restarting productions

The stocks of studios and streaming companies were mostly higher early Thursday, after Hollywood's actors union reached a tentative deal with studios to end its strike, ending months of labor strife that ground the film and television industries to a historic halt, as the Associated Press reported. While union members have yet to vote on the three-year contract agreement, the leadership declared that the strike will end at 12:01 a.m.

Studio and streaming company stocks rally after Hollywood's actors union reaches tentative deal to end strike

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Paramount Pictures has asked a California federal court to throw out a lawsuit claiming that the 2022 blockbuster "Top Gun: Maverick" violated a copyright belonging to the heirs of reporter Ehud Yonay, whose article "Top Guns" inspired the original "Top Gun" movie.

Paramount asks judge to shoot down 'Top Gun' heirs' copyright lawsuit

Bank of America gave the media stock a double downgrade on a lack of asset sales. The sell-off comes after the stock jumped last week on better-than-expected third-quarter profits.

Why Paramount Global Stock Was Falling Today

Paramount Global shares fell nearly 9% midway through the trading day after veteran media analyst Jessica Reif Ehrlich delivered a harsh verdict on the stock.

Paramount Stock Dives On Wall Street Downgrade, As Veteran Analyst Declares It “Hard To Buy” If Company Assets Are “Not For Sale”

BofA Securities analyst Jessica Reif Ehrlich cuts her recommendation on shares of Paramount to Underperform from Buy.

Paramount Isn't Selling Assets. That's Why This Analyst Double-Downgraded the Stock.

Paramount Global Inc.'s stock may have surged 27% over two sessions to close out last week, but it's still down some 40% since the start of May.

Paramount's stock is down 40% since early May, and BofA says it has further to fall

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Paramount is one of the largest content producers in the US, with a strong presence in broadcast and cable TV, film, and streaming distribution channels. The company's scale allows it to invest in high-budget, high-quality content that appeals to viewers across all distribution channels. Paramount's content will increasingly be distributed through Direct-To-Consumer platforms, compensating for the decline in linear distribution and making it a desirable streaming platform.

Paramount: One Big Content Factory

Paramount crushed earnings expectations in Q3. A stricter approach to spending on streaming growth helped power the beat.

Why Paramount Stock Is Soaring Today

Football fans watching games on CBS and a jump in streaming subscribers helped Paramount Global (PARA) post better-than expected results, and shares skyrocketed over 11% in early trading Friday.

Paramount Shares Surge as Profit and Sales Rise on NFL Viewership, Streaming Additions

Paramount Global shares surged 10% on Friday, after the media company narrowed the 2023 loss forecast for its fast-growing streaming business as investments peaked a year ahead of target.

Paramount narrows streaming loss forecast as investments peak

News for Paramount Global Stock (PARAA)