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The Latest Breaking News from Paramount Global

Stocks Undercut as Regional Bank Stocks Plunge

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.00%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.34%. U.S. stocks this morning are moderately lower, with the...

Barchart

Paramount Global Stock Plunges After Reporting $1.1 Billion Q1 Loss

Paramount Plus streaming service adds 4.1 million subscribers

Broadcasting & Cable

B+C Hall of Fame 2023: Ray Hopkins

President, U.S. Networks Distribution, Paramount Global

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Warner Bros. Discovery And Paramount Are In A $52 Million Dispute, And It's All Over South Park

South Park is in the middle of a $52 million dispute between Warner Bros. Discovery and Paramount, over streaming rights and original content.

Cinemablend

Paramount Sees Boost in Results From Campaigns Using VideoAmp Currency

Likelihood to convert up 11%

Broadcasting & Cable

Amazon's pricey spy drama 'Citadel' to get $25 million California tax credit

LOS ANGELES — Amazon Studios' big-budget spy thriller "Citadel" is set to become the highest-spending TV production to relocate to California in the history of the state's film and TV tax incentive program, as the technology behemoth shifts production from Britain for the show's second season.

Los Angeles Times

Hollywood writers vote on strike: ‘At stake is the viability of TV as a career’

WGA union argues companies have ‘leveraged the streaming transition to underpay writers’

The Guardian - US

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Showtime Sports Still Throwing PPV Punches With Benavidez-Plant Boxing Event (Q&A)

President Stephen Espinoza says programmer will remain aggressive in combat-sports arena

Multichannel News

3 Streaming Stocks You Want No Part Of

Streaming stocks faced a rough year in 2022 as subscriber growth slowed amid concerns about high inflation and macro uncertainties. Therefore, it could be wise to avoid fundamentally weak streaming stocks Warner Bros. (WBD), Paramount Global (PARA), and World Wrestling (WWE), given their weak fundamentals. Read more….

StockNews.com

Tyler Perry interested in buying majority stake in BET from Paramount, the network's longtime home

Producer and star Tyler Perry has expressed interest in buying a majority stake in BET as the television network's owner, Paramount Global, looks to bring on a substantial partner, according to two people familiar with the matter who were not authorized to comment.

Los Angeles Times

Paramount to pay $122.5 million to settle lawsuit over CBS deal

Paramount Global has agreed to pay $122.5 million to settle a 3-year-old lawsuit brought by several large investment funds that believed the company pushed through the 2019 merger of Viacom and CBS at the expense of minority shareholders.

Los Angeles Times

Failed Attempt By Former Paramount Executives To Purchase Showtime Amid Fold Into Paramount+

Former Showtime Executives Have Failed Numerously After Offers For Showtime Were Rejected By Paramount Global

Zenger

Historic movie lot that gave Studio City its name to get $1 billion makeover

LOS ANGELES — Radford Studio Center, a storied movie lot in Studio City that has been home to generations of landmark television shows — including "Gunsmoke" and "Seinfeld" — is set to get a $1 billion upgrade to expand its facilities and bring them further into the digital age.

Los Angeles Times

‘Verbal trickery’: Warner Bros Discovery sues Paramount for $200 million over South Park deal

Warner says it signed a contract in 2019 paying more than $500m for the rights to existing and new episodes of the irreverent show

The Independent UK

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The Independent UK

Warner Bros. Discovery sues Paramount over 'South Park' deal

Warner Bros

Zenger

Paramount Plus Adds Over 9 Million Subscribers Driven By The Most Prominent Content

The streaming market continues to be competitive as Paramount Plus competes with the big streaming platforms with quality content.

Los Angeles Times

Layoffs hit Showtime as Paramount overhauls 'Billions' brand

LOS ANGELES — Paramount Global continues to unwind its once-proud Showtime brand.

Salon

Trump sues Bob Woodward for $50 million

Lawsuit accuses journalist of "systematic usurpation, manipulation and exploitation of audio of President Trump."

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WEKU

Trump sues Bob Woodward for releasing audio of their interviews without permission

The former president has made good on his threat to sue the Washington Post reporter over his use of interview recordings. The lawsuit seeks nearly $50 million in damages.

The Guardian - US

Donald Trump sues Bob Woodward over The Trump Tapes for $50m

Washington Post reporter and publisher Simon & Schuster say lawsuit ‘without merit … we will aggressively defend against it’

Bangkok Post

From CNN to Paramount, Media Firms Cut Jobs as Pressures Mount

An advertising slowdown, economic worries and strains of the shift to streaming have many major media companies in cost-cutting and layoff mode.

Salon

Won't somebody think of Stephen King?

An unusual Justice Department strategy sank the merger of two publishing titans. Here are the real-world effects

Tribune News Service

Warren Buffett’s portfolio: Here are the stocks Berkshire Hathaway is buying or selling

Warren Buffett is arguably the world’s most famous investor, and his investment moves are closely followed. Each quarter, the company he runs, Berkshire Hathaway, discloses its current holdings to shareholders.

Los Angeles Times

CBS shake-up: Network has a new boss as cuts loom

Kelly Kahl, the respected head of the CBS television network for five turbulent years, will step down next month, clearing the way for veteran programmer Amy Reisenbach to succeed him.

Benzinga

A Look Into Paramount Global's Debt

Over the past three months, shares of Paramount Global Inc. (NASDAQ:PARA) decreased by 20.18%. Before having a look at the importance of debt, let's look at how much debt Paramount Global has.

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