Paramount Global

News of New York

Paramount Bidding War: Patrón Tequila Billionaire Among Rivals
6 June 2024
2708
Revolutionizing Media John Paul DeJoria, the billionaire entrepreneur renowned for co-founding Patrón Tequila and Paul Mitchell hair care products, is among the high-profile investors vying to take over Paramount Global. In 2018, DeJoria sol...
Byron Allen's $3.5B Bid Resubmission Boosts Paramount Global's BET, VH1 Prospects
21 December 2023
3784
Byron Allen's $3.5B Power Play Byron Allen has reignited the pursuit of BET Media Group and VH1, submitting a bold $3.5 billion bid to Paramount Global. This move comes on the heels of earlier bids from indust...
Entertainment Giants' Earnings Reports and Investor Expectations
5 November 2023
4309
Showtime in the Stock Market Netflix and Paramount Global recently reported stock gains and Disney, Warner Bros. Discovery, Lions Gate Entertainment, and AMC Entertainment are set to reveal results, showing signs of industry growth, but potential vi...
Strikes Lead to Increased Funds for Netflix, Disney, and Other Major Studios
11 August 2023
3538
Netflix's Resilience and the Hollywood Revolution Facing writers' and actors' strikes, Hollywood giants are revamping strategies and reaping rewards. A blend of higher subscription rates and foreign/classic content is a common playbook, driving robu...
Value of media groups down $527bn
21 December 2022
6496
The value of media groups The combined market value of the largest media and entertainment conglomerates has fallen by more than $0.5 trillion this year as a result of falling share prices. This was reported by the Financial Times (FT). Media, whic...
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