Paramount Global reported on Wednesday a 5% revenue increase in the fourth quarter of 2024, reaching $7.98 billion. However, full-year revenue declined slightly to $29.2 billion from $29.65 billion in 2023.Despite revenue growth in streaming and filmed entertainment, the company posted a net...
The European Commission approved on Tuesday the proposed merger of Skydance Media and Paramount Global, as well as the acquisition of National Amusements Inc. by Skydance and RedBird Capital Partners.The Commission decided that the deal does not raise competition concerns in the...
Paramount Global received a new takeover proposal from Project Rise Partners (PRP), a consortium of investors who once already tried to strike a deal with the company, Variety reported on Friday citing a legal letter it obtained.According to the letter, the bid is valued at $13.5 billion, higher than the...
Paramount Pictures Corporation's parent Paramount Global announced on Friday its revenue in the third quarter of the fiscal year 2024 saw an annual decline of 6% to reach $6.73 billion.The media company's net earnings plunged by 99% compared to the same period the year before to land at just...
Shares of Paramount Global plunged on Tuesday after Edgar Bronfman Jr. suspended his acquisition bid for the entertainment giant, ending his last-minute effort to contest Skydance Media's merger agreement."While there may have been differences, we believe that everyone involved in the...
Edgar Bronfman Jr. has withdrawn his bid to acquire Paramount Global, ending his last-minute attempt to challenge Skydance Media's $8 billion merger agreement.
Bronfman's bid faltered due to challenges in securing financing, heightened by Paramount's scrutiny and backers' reluctance to share...
Skydance Media supposedly accused Paramount Global's special committee of directors of breaching its deal by prolonging its "go-shop" period, The Wall Street Journal reported, citing a letter.
"While Skydance is not currently exercising its right to terminate the Transaction Agreement, we reserve...
Media executive Edgar Bronfman Jr. is drawing up a bid to takeover Paramount Global's parent company National Amusements, The Wall Street Journal reported on Thursday citing sources.According to the sources, Bronfman, who previously acted as the head of Warner Music Group, has been holding...
Berkshire Hathaway has divested all its holdings in Paramount Global and Snowflake. Additionally, the conglomerate has reduced its stake in T-Mobile by 10.9%, leaving it with 4.7 million shares, according to filings released on Wednesday by the US Securities and Exchange Commission (SEC).
On the...
Paramount Global shut down its streaming television studio in preparation for the upcoming merger with Skydance, Paramount Co-Chief Executive George Cheeks announced Tuesday.
"A short time ago, we informed the team at Paramount Television Studios (PTVS) that the studio will cease...
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