The trio echoed what they mentioned earlier at the annual shareholders meeting that a plan is underway to find a strategic partner for Paramount+, especially as they try to make-up for linear declines at the company. In regards to accomplishments made since that announcement McCarthy specified that was in "International – we are advancing talks with potential partners that will significantly transform the scale and economics of the service making it profitable and driving long term value. This approach coul ...

A number of other streaming services have also raised prices over the last year, incorporated ad-supported tiers, and started to negotiate deals to bundle their services, as the industry works to grow subscribers and increase profitability. Paramount Global (PARA) shares rose Monday afternoon as the company announced plans to raise the prices of its Paramount+ streaming service as it navigates a variety of takeover and merger offers that have surrounded Paramount in recent months. Key Takeaways The price of ...

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More media companies have increased streaming prices as they look to make a profit on the cash-losing business. Paramount executives had said publicly on multiple occasions they see a lot of opportunities to increase the price of streaming services. The company said Monday it will raise the price of the Paramount+ with Showtime plan by $1 to $12.99 a month, and the price of its Paramount+ Essential option will increase by $2 to $7.99 a month for all new subscribers. — Disclosure: Comcast is the parent compa ...

In an internal memo (read it below), D'Alimonte recalled her 25-year association with Viacom, first as a legal representative of the company and later as a staffer. George Cheeks, Chris McCarthy and Brian Robbins, the three members of Paramount's Office of the CEO, have indicated they plan to implement $500 million in cost savings and have laid out plans to streamline the staff. Team, I'm cheering for you going forward, can't wait to see what is next and very much hope we stay in touch. Paramount Global Gen ...

GERMANY - 2024/04/02: In this photo illustration, a Paramount Pictures Corporation logo seen ... [+] displayed on a tablet. (Photo Illustration by Igor Golovnov/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Looking at a slightly longer period, PARA stock has suffered a massive decline, falling from $35 in early January 2021 to around $10 now, down about 70%. Returns for the stock were -19% in 2021, -44% in 2022, and -12% in 2023. The S&P 500, in comparison, rose by about ...

The stock price fell below $10 intraday, changing hands at $9.91 just now, down 2% from Friday. It's never dipped below ten bucks since Viacom and CBS merged in December of 2019, making this an all-time low after David Ellison's Skydance packed up and went home. After discussing a potential transaction for months, Paramount's controlling shareholder Shari Redstone backed away at the 11th hour last week, leaving the company her father built in a complicated position with high debt, significant exposure to de ...

David Ellison didn't do that. That makes sense on paper. Again, Cardinale and the Skydance people think Shari doesn't have a lot of good options — and she will be back with a weaker hand, my sources say. Maybe the biggest tell that traditional media is heading for the ICU isn't that after months of intense negotiations, Shari Redstone did something weird and refused to sell her fading empire to a company known as Skydance. I know what you're saying: Aren't there other bidders for her "controlling stake" in ...

Melrose Gate entrance to Paramount Pictures in Los Angeles, CA - Will the studios be sold in the end? gregobagel More billionaires and private equity funds have shown interest to buy Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) or buy the control of Paramount Global via a purchase of National Amusements (NAI), the family vehicle of the Redstone family. Since my previous article on the possible Paramount Global takeover, focused on the Sony-Apollo deal, quite a number of things have changed. Sony-Apollo hav ...

A legal threat from investor Mario Gabelli was a "major factor" in this week's implosion of Shari Redstone's $8 billion deal to merge Paramount Global with its "Mission: Impossible" production partner Skydance Media, The Post has learned. When Redstone made a surprise move to pull the plug on the deal this week — just before a Paramount special committee was poised to vote on it — she was looking down the barrel of a $100 million-plus lawsuit from Gabelli over the deal, according to sources close to the sit ...