PARA Apr 2025 10.000 put
- Yahoo Finance Video
Media mogul Barry Diller in talks to acquire Paramount: NYT
Media mogul and IAC Chairman Barry Diller is reportedly exploring a bid to acquire Paramount Global (PARA), according to New York Times reports, after his company signed non-disclosure agreements (NDAs) and is seemingly in talks with majority stakeholder National Amusements. Diller also sits as the chairman and senior executive of the Expedia Group (EXPE). The Morning Brief's Brad Smith and Madison Mills report on the news and what this could mean for Paramount's future. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Consolidation is a 'requirement' in the streaming industry
Paramount (PARA, PARAA) is reportedly looking to merge its Paramount+ streaming service with another platform after previous merger discussions failed to materialize in 2024. Third Bridge Group sector analyst Jamie Lumley and Manhattan Venture Partners head of research Santosh Rao join Market Domination to discuss what's next for the media giant. Lumley notes that Paramount+ trails behind other streaming competitors, the company might consider Warner Bros. Discovery (WBD) or Max as a "good partnership." Rao adds that consolidation has become a "requirement" in the sector as he believes it's necessary to scale. "As we think over the last few years, this streaming space overall has lost billions and billions of dollars. And it's clear that while there might be some companies here which can reach profitability, it is unlikely that all of them will be able to rebuild these streaming companies or these streaming businesses to offset, for the traditional media companies, the declining revenue and earnings that they had on the traditional linear businesses," Lumley says. He adds that bundling services is a way to retain customers and become profitable. Santosh believes that consolidation is "not going to be a threat" in the sector: "There's not going to be a monopoly of search. It's sustainability. And these companies will just not last. So I think it's going to be healthy for the industry." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- Investing.com
Futures lower, Fed's Powell to speak, Boeing plea deal - what's moving markets
Investing.com -- U.S. stock futures edge down as investors prepare for incoming labor market data during a holiday-shortened trading week. Federal Reserve Chair Jerome Powell is due to speak at an European Central Bank event, with the Fed's potential interest rate path for the rest of the year in focus. Elsewhere, U.S. federal prosecutors are reportedly awaiting a decision from Boeing (NYSE:BA) on a plea deal to settle charges linked to two fatal crashes.
