In this article PARA Courtesy: Shopsense When viewers tune in to the 2024 MTV VMAs on Wednesday night, they'll be able to shop the outfits and designer looks they're seeing in real time, as legacy media companies look for new ways to monetize content. As part of a new partnership between Paramount Global — the parent company of cable TV network MTV — and shoppable advertising company Shopsense AI, viewers will be able to shop the outfits they're seeing on screen using the startup's new AI-powered lens, whic ...

Edgar Bronfman Jr. has upped his bid for Paramount Global, attempting to pry the Shari Redstone-controlled company away from David Ellison's Skydance. They signed a merger agreement in July but it was contingent on no other better, or at least somewhat intriguing, offer for Par landing before midnight tonight. Bronfman's initial offer lobbed on Monday night was worth $4.3 billion. He's now revised that to $6 billion. There's the same $2.4 billion for Shari Redstone's holding company National Amusements, whi ...

Investors interested in stocks from the Media Conglomerates sector have probably already heard of Paramount Global-B (PARA) and Reservoir Media, Inc. (RSVR) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a ...

Paramount Global (PARA) delivered adjusted earnings of 54 cents per share for the second quarter of 2024, which beat the Zacks Consensus Estimate by 285.71% and increased significantly from 10 cents reported in the year-ago quarter. Revenues of $3.81 billion missed the Zacks Consensus Estimate by 5.49%. The figure declined 10.5% year over year, owing to softness in TV Media and Filmed Entertainment revenues. Adjusted OIBDA jumped 43% from the year-ago quarter's level to $867 million. Selling, general and ad ...

For the quarter ended June 2024, Paramount Global-B (PARA) reported revenue of $6.81 billion, down 10.5% over the same period last year. EPS came in at $0.54, compared to $0.10 in the year-ago quarter. The reported revenue represents a surprise of -5.49% over the Zacks Consensus Estimate of $7.21 billion. With the consensus EPS estimate being $0.14, the EPS surprise was +285.71%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...

Paramount Global-B (PARA) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 285.71%. A quarter ago, it was expected that this company would post earnings of $0.34 per share when it actually produced earnings of $0.62, delivering a surprise of 82.35%. Over the last four quarters, the co ...

CAPE CORAL, Fla., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Take the plunge into the underwater world! In commemoration of the 25th anniversary of Nickelodeon's SpongeBob SquarePants, Bones Coffee Company announces the launch of its new coffee collection inspired by the fan-favorite animated series. The craveable collection includes three all new flavors with thematic mugs to go with them. "So many of our Bones Coffee fans love SpongeBob SquarePants, and we are thrilled to work with Paramount Consumer Products on t ...

Paramount Global (PARA) is set to report second-quarter 2024 earnings on Aug 8. The Zacks Consensus Estimate for second-quarter earnings has remained steady at 14 cents per share in the past 30 days. The figure indicates a rise of 40% from the year-ago quarter's reported figure. The consensus mark for revenues is pegged at $7.21 billion, indicating a 5.34% decline from the year-ago quarter's reported figure. The company's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, deli ...

MLB Superstar Aaron Judge Makes Rubble & Crew Debut Monday, Aug. 26 Season One of Rubble & Crew Available to Stream on Paramount+ Beginning Wednesday, Sept. 4 Share it: @Nickelodeon @NickelodeonFamily @ParamountPlus #RubbleAndCrew #PAWPatrol ClickHERE for crossover event assets. Click HERE for Aaron Judge assets. BURBANK, Calif., Aug. 1, 2024 /PRNewswire/ -- Preschoolers will get ready to wreck and roll with Rubble and his crew, as Nickelodeon bulldozes the entire month of August with all-new episodes of Sp ...

SANDPOINT, Idaho, July 31, 2024 /PRNewswire/ -- Litehouse announced the retail availability this summer of two new product lines, Litehouse Kids and Litehouse Loaded, reinforcing its commitment to quality and innovation. Produced in partnership with Paramount Consumer Products and FoodStory Brands, Litehouse Kids will introduce two exciting themes for dips, leveraging their popular franchises including SpinMaster's PAW Patrol and Teenage Mutant Ninja Turtles: Mutant Mayhem. The Litehouse Loaded product line ...