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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Byron Allen, who wanted to buy Paramount from Shari Redstone for $30 billion is nowhere to be found in merger talks as no one seems to think he has the money.

Nobody knows what Paramount chair Shari Redstone wants to do with hard-to-sell conglomerate

Paramount Global is used to producing gripping dramas, but it likely didn't expect to end up starring in one. Yet, the road to a potential Paramount merger has taken several twists and turns.

Paramount's fate could go in 3 possible directions

Paramount Global (NASDAQ: PARA) stock price has been in the spotlight this month as investors focused on its acquisition. It has already surged by almost 30% from its lowest level in March, outperforming other media companies like Warner Bros.

PARA stock price forecast: what if Paramount is not acquired?

Apollo Global Management

Sony

Sony (NYSE:SONY) and Apollo Management reportedly plan to sell off Paramount Global (NASDAQ:PARA) traditional 'linear' television channels and its streaming service Paramount Plus if they complete their $26 billion takeover. The three companies are in talks about the bid and potential next steps, the New York Times reported, though no formal due diligence or nondisclosure agreements have yet been agreed.

Sony and Apollo plan to split up Paramount Global if takeover goes ahead

Should Sony and Apollo get their hooks into Paramount Global their strategy would be to keep theatrical release output steady between both studios –not reduced– while cutting the more burdonsome parts of the conglom, read auctioning off CBS, the linear channels like MTV and Paramount Plus streaming service.

Sony Apollo Paramount Merger Wouldn't Reduce Theatrical Output, Though TV & Streaming Assets Would Be Shed

Paramount Global's vast entertainment empire would be broken up if a buyout bid from Sony Pictures Entertainment and Apollo Global Management succeeds, according to a new report.

Sony, Apollo reportedly plan to break up Paramount if their buyout bid succeeds

Paramount Global is in talks about opening its books to a consortium of Sony Pictures and buyout firm Apollo Global Management interested in acquiring the U.S. media company, people familiar with the matter said on Wednesday.

Paramount in talks to open its books to Sony, Apollo, sources say

Sony Pictures Entertainment and private equity firm Apollo Global Management plan to acquire Paramount Global for $26 billion and break up the company, the New York Times reported on Wednesday, citing people familiar with the deal discussions.

Sony and Apollo plan to break up Paramount, NYT reports

Apple

Comcast

Disney

Alphabet

Netflix

Warner Bros Discovery Inc

The streaming market is saturated and needs consolidation for a recovery to occur. Comcast and Disney have great assets, but will take time to realize value. Paramount and Warner need to be consolidated into competitors for the industry to recover sooner than later. The opportunity is on potential M&A.

Quick Takes On Streaming Stocks

Amdocs

Vubiquity will oversee licensing, programming, localization and broadcast operations for MTV Japan, as well as manage affiliate relationships JERSEY CITY, NJ / ACCESSWIRE / May 8, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that Vubiquity, an Amdocs company, has been selected by Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) to assume all operational activities and management of affiliates for MTV in Japan under a new licensing agreement. Vubiquity will be responsible for all aspects of operations for the MTV Japan linear channel, with plans to conclude the transition by the end of June 2024.

Paramount Global Selects Amdocs' Vubiquity to Provide Managed Services for MTV Japan

Apollo, which teamed with Sony to make a $26 billion all-cash bid for the Shari Redstone-controlled media conglomerate, faces an uphill fight to circumvent the FCC's 39% cap on the reach by local affiliates should the merger be approved by Paramount's board, sourced said.

Apollo-Sony bid for Paramount could face antitrust hurdles from feds: sources

Famed investor Warren Buffett's Berkshire Hathaway placed a $2.7 billion bet on Paramount in 2022. It hasn't worked, at all — Buffett just said he has sold all his stock and lost "quite a bit of money.

Why Warren Buffett's Paramount bet may have cost him $1.5 billion

Video streaming services saw a drop in downloads and active users during April, a research note by Bank of America showed on Monday, citing data from Sensor Tower, likely pressured by heated competition in the segment and an uncertain economic outlook.

Video streaming services see downloads, active users drop in April, BofA report shows

Paramount Global (NASDAQ:PARA) shares moved higher following reports a Sony and private equity firm Apollo Global have made a $26 billion cash offer to acquire the entertainment company. This comes as Paramount's exclusive merger talks with producer David Ellison's Skydance Media to takeover the company expired on Friday.

Paramount Global stock jumps on reports of $26B Sony-Apollo takeover offer

Paramount Global (NASDAQ: PARA ) stock is in the news Monday after Warren Buffett revealed that he sold Berkshire Hathaway's (NYSE:BRK-A, NYSE:BRK-B) entire stake in the entertainment business. Buffett made the announcement during the annual shareholder meeting for Berkshire Hathaway.

Warren Buffett Just Gave Up on Paramount (PARA) Stock

The exclusive negotiating window for a deal between Paramount and Skydance ended over the weekend. Sony and Apollo could team up for a better offer, but that deal would face antitrust concerns.

Why Can't Paramount Stock Have a Hollywood Ending?

Another big Hollywood name is rooting for a Paramount-Skydance deal as Jeffrey Katzenberg says that outcome would be “a great win for Paramount and for people in the industry.” Speaking a the Axios BFD Talks: LA this evening, the DreamWorks co-founder and former Walt Disney Studios head acknowledged that the situation is complicated.

Jeffrey Katzenberg On Paramount Drama – “Don't Count David Ellison Out”

Paramount Global has agreed to formally begin negotiations with a buyout group led by Sony Pictures Entertainment and Apollo Global Management, the New York Times reported Sunday, after a 30-day exclusive negotiating window with Skydance expired Friday.

Paramount reportedly approves buyout talks with Sony, Apollo

Paramount Global has opened acquisition negotiations with Sony and Apollo, The New York Times reported Sunday, after exclusive merger talks with Skydance lapsed Friday and the company continues to struggle following major first quarter losses and the departure of CEO Bob Bakish last week.

Paramount Officially Opens Talks With Sony And Apollo In Takeover Bid, Report Says

A special committee of the Paramount Global board charged with evaluating offers for the company met Saturday morning, though rival bidders for the studio are awaiting word on next steps.

Paramount bidders await word from special committee evaluating options

Warren Buffett says he has sold all of his shares in Paramount Global at a significant loss. Speaking at the annual meeting of Berkshire Hathaway, his company, today in Omaha, NE, the billionaire investor took full ownership of the bad call.

Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money”

Warren Buffett said on Saturday Berkshire Hathaway sold its entire holding in Paramount at a loss, a decision he said was his sole responsibility.

Warren Buffett says Berkshire sold entire Paramount holdings at a loss

Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'

Paramount Global has named Chris McCarthy as interim principal executive officer of its new three-executive leadership team, a move that it made “for purposes of the rules and regulations” of the U.S. Securities and Exchange Commission, according to a filing on Friday.

Paramount's new ‘Office of the CEO' now has a leader — while its ex-CEO will still collect a hefty paycheck

Paramount Global says Chris McMarthy is the company's “interim principal executive officer,” a necessity required by the SEC that apparently does not signal he has more decision-making power among a trio of top executives who stepped up to replace Bob Bakish this week in a new Office of the CEO.

News for Paramount Global Stock (PARAA)