|Bid||15.18 x 3200|
|Ask||15.19 x 3100|
|Day's Range||14.99 - 15.53|
|52 Week Range||13.80 - 31.07|
|Beta (5Y Monthly)||1.66|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 02, 2023 - Aug 07, 2023|
|Forward Dividend & Yield||0.20 (1.30%)|
|Ex-Dividend Date||Jun 14, 2023|
|1y Target Est||18.88|
The Directors Guild of America reached a tentative agreement with the Alliance of Motion Picture and Television Producers as the writers' strike enters its sixth week.
Earlier this year, members of the Paramount Veterans Network hosted their signature Coffee with Vets joined by the Total Rewards team, at the Paramount Global offices at 1515 Broadway. During the event, the two teams led a letter-writing initiative to send letters to the Harlem Hellfighters 369th Sustainment Brigade out of New York who are currently deployed in Kuwait.
Amid earnings reports and the ongoing writers' strike, media stocks struggled in the month of May. Yahoo Finance media reporter Allie Canal breaks down the stock performance of several media companies and what to expect going into the summer.
Netflix has proven to be a recent outperformer in the media sector as Paramount, Disney, and Warner Bros. Discovery stocks have seen large declines in the last month.
Yahoo Finance Senior Reporter Alexandra Canal discusses a rise in shares of Paramount after an upgrade from Loop Capital.
Paramount Global shares are climbing on further M&A speculation.
Shares of Paramount Global rose by more than 6% on Friday after its controlling shareholder, media mogul Shari Redstone's National Amusements Inc, announced it had received a $125 million investment from a private equity firm. National Amusements said it had agreed a $125 million preferred equity investment from BDT Capital Partners to help the U.S. movie theater operator cut its interest expense and pay down borrowings, according to a statement on Thursday. BDT Capital Partners, which is a private equity firm backed by Dell Inc founder Michael Dell and billionaire investment banker Byron Trott, will be issued warrants to purchase 3.5 million of Paramount Global's non-voting shares owned by National Amusements at a strike price of $15 as part of the deal, the Wall Street Journal reported.
The streaming wars are evolving. Here's what that could mean when it comes to the next big growth driver in the competitive space.
Yahoo Finance Senior Reporter Alexandra Canal discusses the ongoing streaming wars between media giants such as Netflix, Disney, and others.
RYE, N.Y., May 24, 2023 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 15th Annual Media & Entertainment Symposium at the Harvard Club in New York City on Thursday, June 8, 2023. The symposium will feature discussions with leading companies and organizations across the media ecosystem, with an emphasis on industry dynamics, current trends, and business fundamentals, as well as a Sports Investing Panel. Attendees will also have the opportunity to meet with management in a one-on-one setting. For
Paramount announced a debut date for its Paramount+ with Showtime streaming service as competition in the space heats up. The service will cost $11.99.
SAN FRANCISCO and LOS ANGELES, May 18, 2023 (GLOBE NEWSWIRE) -- Dolby Laboratories, a leader in immersive entertainment experiences, and Paramount Pictures, today celebrate a new partnership milestone with the upcoming release of Mission: Impossible - Dead Reckoning Part One, marking the 500th theatrical film confirmed in both Dolby Vision® and Dolby Atmos®. The film, from Paramount Pictures and Skydance, will be released in theatres on July 12th. "We’re proud to empower the theatrical community
WSJ sat down for exclusive interviews with the showrunners of “Abbott Elementary” and “The Handmaid’s Tale” to understand the key sticking points that led to the writers’ strike and what’s next for the industry. Photo Illustration: Amber Bragdon/Getty Images
Paramount is cutting staff and shuttering MTV News to cut costs, according to media reports.
The Yahoo Finance Live show discusses Paramount layoffs, MTV News shutting down after 36 years, and the ongoing writers' strike in Hollywood amidst the economic slowdown.
It may be a short time in this one media stock for the Oracle of Omaha.
Portfolio Wealth Advisors President and CIO Lee Munson joins Yahoo Finance Live to discuss Warren Buffett's comments on a potential purchase of Occidental, interest in Apple, and outlook for streaming platforms.
Warren Buffett addressed his stake in Apple and Occidental Petroleum (OXY), and shared his concerns about the video streaming business on Saturday. Buffett hosted the Berkshire Hathaway Annual Shareholders Meeting in his hometown of Omaha, Nebraska. The legendary investor was joined by Berkshire Hathaway (BRK-A) Vice Chairman Charlie Munger. When asked about his investment in Apple (AAPL), Buffett said, “I don't understand the phone at all, but I do understand consumer behavior." “Apple is not 35% of Berkshire's portfolio… it just happens to be a better business than any business we own.” He later made comments about his strategy in the energy sector, telling Berkshire shareholders the holding company is not "going to be making an offer for control of Occidental [Petroleum].” Find more special coverage of the 2023 Berkshire Hathaway Annual Shareholders Meeting on YahooFinance.com.
Warren Buffett will take center stage on Saturday, May 6 as Berkshire Hathaway (BRK-A) hosts its annual shareholders meeting in Omaha, Nebraska. The event has been dubbed the ‘Woodstock of Capitalism’, drawing attention from a wide range of investors, market watchers, and economists, all hoping to get a glimpse of the magic that inspired Buffett’s legendary career. Yahoo Finance is on the ground in Omaha with special coverage of the 2023 Berkshire Hathaway Annual Shareholders Meeting. Here are the top 3 things we’re watching for ahead of Saturday’s big event: Buffett’s comments on the banking crisis The state of the U.S. economy Warren Buffett’s top stock picks
Advertising has been a notable pain point for legacy media companies this earnings season. The Hollywood writers' strike could become another one.
Apple (AAPL) could make big moves in the streaming space with a purchase of The Walt Disney Company (DIS) says Laura Martin, Needham & Co. Senior Media & Internet Analyst. Martin joined Rachelle Akuffo on Yahoo Finance live to talk Warner Bros. Discovery (WAB) earnings, which showed the company's streaming platforms will turn a profit a year earlier than expected. Still, Warner Bros. Discovery faces challenges with "a broken film content creation engine" that's been on a "cold spell" for the past five years, says Martin. Apple is a strong distribution platform, and would stand to benefit from buying a "successful and healthy film studio." Enter: Disney. If they combined, Apple (AAPL) and Disney (DIS) would stand to benefit from "a lot of synergies" between Apple's strong distribution network of iPhones and Disney's powerhouse content, says Martin. But hope is not lost for Warner Bros. Discovery. The company has a "big library" of names, with plans to launch another Superman movie to bolster the D.C. Comic brand. Martin says she expects Warner Bros. Discovery (WBD) to look to Paramount (PARA) as a potential acquisition opportunity, given Paramount's recent sliding stock. Martin says Warner Bros. Discovery is "just managing the same company" as Paramount, but better. In her full interview, Martin dives deeper into Warner Bros. Discovery earnings with Rachelle Akuffo. Key Video Moments 00:00:15 It's "unclear" WBD can make successful movies 00:01:01 Opportunities for synergies between AAPL, DIS 00:01:32 WBD should look to buy Paramount
Paramount Global ( NASDAQ:PARA ) First Quarter 2023 Results Key Financial Results Revenue: US$7.27b (flat on 1Q 2022...
The Yahoo Finance Live team discusses the sharp decline in Paramount Global stock after its disappointing Q1 earnings report.
Paramount CEO Bob Bakish said the Hollywood writers' strike could have financial implications. At the moment, it's probably "slightly dilutive to revenue."
Yahoo Finance’s Allie Canal joins the Live show to discuss the decline in stock for Paramount following first-quarter earnings.