Paramount has a merger with Skydance finalized, but it doesn't fix the company's biggest problems. Paramount (PARA 0.26%) has a merger deal finalized with Skydance that will bring more content into the ecosystem and potentially give Paramount+ more scale. But it's not enough to compete with the biggest streaming companies in the world, which Travis Hoium shows is the critical flaw in the strategy. *Stock prices used were end-of-day prices of July 10, 2024. The video was published on July 11, 2024. ...

The executives said on Monday that their approach to the direct-to-consumer (DTC) business would feature strategies like making technological improvements and looking into potential streaming partnerships. They also discussed plans for other segments of the "New Paramount" that is expected to form upon the completion of the transaction. "Our intention is to rebuild the Paramount+ platform and believe that with the technological prowess and relationships that we have, we can expand our DTC business," Ellison ...

"At a high level, new leadership's strategic focus on content creation, technology investments and financial discipline are rational, and we believe Skydance leadership is positioned to drive creative and operational improvements," he wrote. "That said, specific details on key issues including future structure of the streaming service, management of the portfolio of linear network assets, and expanded use of technology to drive growth remain in development. When combined with the length of time to close (ex ...

Loading... Here's what the technical indicators say about the stock's future. Chart created using Benzinga Pro Simple Moving Averages: PARA's share price of $11.46 is comfortably above its 8-day SMA ($10.78), 20-day SMA ($10.65), and 50-day SMA ($11.68), all reinforcing a bullish trend. However, not all indicators are flashing green. Several metrics suggest the need for cautious optimism: Paramount Global PARA saw a 3.13% dip by 11 AM ET on Monday as investors digested the merger announcement with Skydance ...

CLICK HERE TO READ MORE ON FOX BUSINESS The proposed merger comes after reports of renewed talks between the two companies emerged earlier in the month and after months of interest from various potential bidders. Ticker Security Last Change Change % PARAA PARAMOUNT GLOBAL 21.35 +0.88 +4.30% | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Skydance and RedBird Capital Partners, its private equity backer, will pay $2.4 billion for National Amusements, along with $4.5 billion set to be paid to Paramount shareholders. Skydance and RedBird will also invest $1.5 billion toward Paramount's balance sheet, which currently holds billions in debt, bringing the total amount of capital involved in the deal to about $8.4 billion. "I am incredibly grateful to Shari Redstone and her family who have agreed to entrust us with the opportunity to lead Paramount ...

A completed Skydance merger would mark a major shift for the ownership of Paramount, as well as for Hollywood as a whole. The Redstone family has long controlled the movie studio — known for films such as "The Godfather," "Top Gun," and "Forrest Gump" — as well as the CBS broadcast network and cable TV networks like MTV and Nickelodeon. The merger will also put David Ellison, the founder of the production company Skydance and son of Oracle founder and billionaire Larry Ellison, at the helm of a major movie ...

Skydance Media and Paramount Global (PARA.O) opened a new tab and agreed to merge, the companies announced late Sunday, scripting a new chapter for one of Hollywood's oldest studios. The deal represents the end of an era for Shari Redstone, whose father and late patriarch, Sumner Redstone, transformed the family's chain of drive-in movie theaters into a media empire that included Paramount Pictures, the CBS broadcast network and cable television networks Comedy Central, Nickelodeon and MTV. David Ellison, t ...

Access your favorite topics in a personalized feed while you're on the go. Email address By clicking "Sign Up", you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Bull Advertisement Paramount, the media giant that owns Nickelodeon and MTV, has finally agreed to a deal with Skydance Media, the companies said late Sunday. The deal includes an acquisition of National Amusements, which holds t ...

David Ellison's Skydance Media has announced it and its backers will invest $8 billion in a takeover of Paramount Global, capping a seven-month quest. The company had received approval earlier Sunday from a special committee of Paramount's board of directors. The full board then OK'd the plan for a two-step transaction. First the acquisition of National Amusements Inc., the entity run by Shari Redstone that had controlled almost 80% of Paramount voting shares. That transaction will be followed by a full mer ...