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Rithm Capital Closes Paramount Group Pickup As Earnings Boost Preferreds Coverage
Seeking Alpha· 2026-02-06 22:29
Rithm Capital Corp.'s ( RITM ) ability to generate significant earnings available for distribution ("EAD") above and beyond its ongoing dividend payouts has positioned the mortgage REIT ("mREIT') as a core holding as it continues to grow its platformThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies ...
Paramount Extends Deadline For Warner Bros. Discovery Shareholders To Back Hostile Bid
Deadline· 2026-01-22 13:13
Core Viewpoint - Paramount has extended the deadline for Warner Bros. Discovery shareholders to support its hostile takeover bid, now set for February 20, 2024 [1] Group 1: Takeover Bid Details - Paramount's initial offer of $108.4 billion is positioned as superior to Netflix's $82.7 billion deal for Warner's studios-and-streaming division, with Paramount emphasizing a better chance of regulatory approval [2] - Paramount's bid includes a $30-per-share offer, which is believed to provide more value to shareholders compared to Netflix's deal, which leaves shareholders with a "stub" of Discovery Global [2][3] Group 2: Strategic Moves and Legal Actions - Paramount has initiated a lawsuit against WBD in Delaware Chancery Court to compel the release of more information that shareholders need, highlighting that WBD has withheld critical information about Discovery Global [5] - The financial terms of both Paramount's and Netflix's offers have been adjusted to all-cash, with Larry Ellison agreeing to personally guarantee a significant portion of Paramount's offer [6] Group 3: Market Reactions and Implications - Netflix's stock has declined approximately 30% since the announcement of the deal, raising concerns among analysts about potential distractions for the company in the coming years [4] - The ongoing takeover battle is expected to reshape the media landscape significantly, with implications for major studios as they navigate ownership changes [5]
Paramount extends deadline on hostile Warner Bros bid to February 20
Reuters· 2026-01-22 13:10
Paramount Skydance on Thursday extended the deadline on its hostile tender offer for Warner Bros Discovery to February 20, giving it more time to persuade investors that its bid for the Hollywood studio trumps a rival deal with Netflix. ...
Paramount Introduces Programmatic Access to Marquee Live Sports on Paramount+
Prnewswire· 2026-01-21 14:00
Group 1 - Paramount is launching live, in-game programmatic buying for select commercial ad units during major sporting events, starting with UFC's debut on Paramount+ on January 24, 2026 [1] - This initiative allows advertisers to secure real-time, guaranteed placements in Paramount+'s premium sports lineup, enhancing marketing opportunities during peak audience engagement [3] - The programmatic inventory will complement existing Streaming Fixed Units, providing high-impact visibility for advertisers [2] Group 2 - Paramount's Chief Revenue Officer emphasized the company's commitment to media modernization, enabling more advertisers to engage with live sports through digital precision and agility [3] - Partnerships with platforms like Amazon DSP, Google's Display & Video 360, The Trade Desk, and Yahoo DSP will facilitate private marketplace, biddable ad inventory for UFC events [3] - Advertisers can also activate campaigns across Paramount's digital portfolio, leveraging the growth of Paramount+ and Pluto TV [4]
Vornado Reports First Lease at Sunset Pier 94 Studios With Paramount
ZACKS· 2026-01-16 15:20
Core Insights - Vornado Realty Trust (VNO) has secured a 70,000-square-foot lease with Paramount Television Studios at Sunset Pier 94 Studios for filming the second season of "Dexter: Resurrection" [1][7] Group 1: Facility Overview - Sunset Pier 94 Studios features a total of 232,000 square feet of leasable space, including production support and office areas, with on-site parking and opportunities for exterior signage [2] - The facility includes six purpose-built sound stages, each up to 36 feet high, and is part of a joint venture involving Hudson Pacific Properties, Blackstone Real Estate, and Vornado [2] Group 2: Community and Economic Impact - The studio will provide community benefits such as an extension of Hudson River Park, new public restrooms, 25,000 square feet of waterfront open space, and safety improvements to the bikeway [3] - The project is expected to create 400 permanent jobs and contribute $6.4 billion to the local economy over the next 30 years [3] Group 3: Company Strategy and Market Position - Vornado focuses on high-quality assets and aims to expand its market share in the New York City office market, with significant holdings in San Francisco and Chicago [4] - The lease with Paramount enhances Vornado's diversification into alternative property uses, which is expected to strengthen long-term revenue and earnings visibility [5][7] Group 4: Financial Performance and Analyst Outlook - Vornado's shares have declined by 14.2% over the past month, contrasting with a 0.5% decline in the industry [6] - Analysts have revised the Zacks Consensus Estimate for Vornado's 2025 FFO per share upward to $2.34, while the estimate for 2026 has been adjusted down to $2.39 [6]
Judge rejects Paramount Skydance request to speed up lawsuit demanding Warner Bros. Discovery-Netflix details
New York Post· 2026-01-15 16:34
Core Viewpoint - A Delaware judge has denied Paramount Skydance's request to expedite its lawsuit against Warner Bros. Discovery regarding the financial details of Warner Bros.' decision to favor Netflix's $72 billion takeover offer over Paramount's $78 billion bid [1][5]. Group 1: Lawsuit and Court Ruling - Paramount's lawsuit aims to obtain financial information from Warner Bros. to understand why its higher bid was rejected [1][4]. - The judge stated that Paramount did not demonstrate it would face "cognizable irreparable harm" without the requested financial details [1]. - Warner Bros. argued that the request was premature and plans to disclose financials when seeking shareholder approval for the Netflix deal [5][9]. Group 2: Takeover Offers - Warner Bros. rejected Paramount's takeover offer on January 7 and encouraged shareholders to support the Netflix acquisition [2]. - Paramount's tender offer is set at $30 per share in cash, while Netflix's offer is a combination of cash and stock, valued at $72 billion [4][11]. - Paramount is expected to extend its tender offer, which is set to expire on January 21 [4][10]. Group 3: Strategic Moves by Paramount - Paramount, led by David Ellison, is intensifying pressure on Warner Bros. by seeking to nominate directors to its board [4][7]. - The company also plans to propose changes to Warner Bros.' bylaws to require shareholder approval for divesting its cable TV business [8]. - Paramount emphasizes the urgency of its request, stating that the number of tendered shares will influence its decision to extend the offer [10].
"IN SNOOKI WE TRUST" - NICOLE 'SNOOKI' POLIZZI HEADS NORTH IN NEW SERIES, CANADA SHORE
Prnewswire· 2026-01-12 19:21
Core Viewpoint - Paramount+ has announced the launch of "CANADA SHORE," the first Canadian edition of the global MTV "Shore" franchise, featuring ten Canadian singles in a summer party setting in Kelowna, British Columbia [6]. Group 1: Show Details - "CANADA SHORE" features ten roommates from various Canadian cities, ready to create memorable experiences filled with romance and friendship [2][6]. - The series is produced by Insight Productions and filmed in the summer of 2023, showcasing the vibrant culture and lifestyle of Kelowna [6]. - The first episode will be available for free sampling on Pluto TV starting January 22, 2024 [5]. Group 2: Cast Information - The cast includes individuals from diverse backgrounds, such as Bauer (22, Prince Albert, Saskatchewan), Christopher (22, Toronto, Ontario), and others from cities like Vancouver, Fredericton, and Halifax [4][5]. - Each cast member has a presence on social media platforms like Instagram and TikTok, enhancing their visibility and engagement with fans [4][5]. Group 3: Franchise Context - The "Shore" franchise has expanded to include 18 spin-offs globally, with recent additions like "AUSSIE SHORE" and "FRENCHIE SHORE," indicating the franchise's growing popularity [6]. - Paramount+ serves as the primary platform for all "Shore" series, including "JERSEY SHORE" and its spin-offs, catering to a dedicated fanbase [7]. Group 4: Company Overview - Paramount+ is a premium streaming service that offers a wide range of content, including live sports and entertainment, and is part of the larger Paramount media and entertainment portfolio [8]. - The service aims to deliver a comprehensive entertainment experience, leveraging its association with well-known brands like MTV and CBS [8]. Group 5: Social Media Engagement - Fans are encouraged to follow @CanadaShore and CANADASHORE on social media for updates and exclusive content related to the show [9]. - The marketing strategy includes leveraging social media platforms to build anticipation and engage with the audience ahead of the show's premiere [9].
Paramount Skydance reiterates its Warner Bros Bid is superior to Netflix deal
Proactiveinvestors NA· 2026-01-08 16:39
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Paramount sticks to $30-per-share bid for Warner Bros Discovery
Reuters· 2026-01-08 14:11
Group 1 - Paramount Skydance has reaffirmed its cash bid of $30 per share for Warner Bros Discovery [1] - The company emphasizes that its offer is superior to the existing deal between Warner Bros Discovery and Netflix [1]
THE PARTY GOES GLOBAL!
Prnewswire· 2026-01-08 14:00
Core Insights - Paramount+ is set to premiere its first original Canadian series, CANADA SHORE, globally on January 22, expanding its reach beyond English-speaking markets [1] - The series features 10 cast members and aims to present a bold and unapologetic portrayal of Canadian culture, challenging stereotypes [3][4] Group 1: Series Overview - CANADA SHORE is inspired by the iconic JERSEY SHORE series and features 10 vibrant personalities from across Canada, set against the backdrop of Kelowna, British Columbia [2][4] - The show promises a mix of romance, friendships, and drama, with the cast described as a family that experiences both laughter and conflict [2] Group 2: Marketing and Promotion - Paramount+ released key art and a promo trailer for CANADA SHORE, which includes the series theme song "Big Boom" by Canadian artist Rêve [1] - Fans can engage with the series on social media platforms using the hashtag CANADASHORE and can sample the first episode for free on Pluto TV starting January 22 [3] Group 3: Production and Background - The series is produced by Insight Productions, a leading Canadian content producer, and was filmed during the summer on the shores of Kelowna [4][9] - CANADA SHORE marks the 18th spin-off in the global MTV "Shore" franchise, which has seen various international adaptations [6]