Tag: Paramount
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The Recap: FCC’s Plan to Kill Junk Fees, Disappearing Apps, and More
Cord cutting has taken its toll on cable companies, which we’ve seen every time Comcast or Charter Communications reports earnings and continued losses on the TV side. But what gets less attention are the small local cable TV companies, and things are even uglier. There have been a string of cable companies that have either…
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Paramount Could See Big Layoff in Early 2024
Paramount executives are considering cutting more than 1,000 jobs early next year as the media company is at a crossroads, according to The Wall Street Journal. The move comes as Shari Redstone, whose National Amusements owns roughly 80% of the voting share in Paramount, is reportedly discussing a potential deal with Skydance Media. Paramount faces…
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Cable TV Is Increasingly Dominated By Re-Runs as Original Shows Flee to Streaming
What’s the one thing that The Mandalorian on Disney+, Squid Game on Netflix, and The Boys on Amazon Prime have in common? They’re not found on cable television. Increasingly, the buzziest and most-talked about scripted shows are found on streaming services, as media companies have spent billions of dollars on the kind of programming that…
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Paramount Has Massive Costs Like $2 Billion in NFL Rights Coming in 2024, S&P Warns
Paramount, more than any other media company, faces big financial questions and lots of pressure going into 2024. That’s according to Naveen Sarma, managing director and sector lead for the U.S. media and telecom sectors for S&P, who spoke at the UBS investor conference on Tuesday, according to Deadline. Sarma laid out the case for…
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Paramount Is Reportedly In Talks For A Possible Sale Of The Media Giant, But The Price Would Have to Be Right…
Recently, Paramount has been looking to sell some of its assets and make cuts to others. Back in October, according to a report from CNBC, the largest shareholder of Paramount Shari Redstone, who owns roughly 80% of Paramount Global voting stock, was reportedly open to a merger or selling the company if the price is…
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Comedy Central, MTV, and Paramount Network Streaming Apps Are Getting Shut Down
Paramount will shut down the streaming app version of three of its key networks, Comedy Central, MTV and Paramount Network. While they remain live now, a listing on the Apple App Store says the apps will be discontinued. Instead, it directs viewers to watch the shows and films on those networks through their TV provider…
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Pluto TV & Paramount+ Get New Heads of Programming
Paramount Global’s streaming division is promoting two executives to new roles at Paramount+ and Pluto TV. The changes include Jeff Grossman, who will serve as the new executive vice president of programming for Paramount+, and Amy Kuessner, who will take on the same position at Pluto TV. Grossman’s previous role was executive vice president of…
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Paramount Executives Could Be Exploring Selling Off Parts of the Media Company
New developments suggest Paramount might be considering exploring more media and acquisition deals. Last week, the media company filed an 8-K form with the U.S. Securities Exchange Commission that said top executives like CEO Bob Bakish, CFO Naveen Chopra, and executive vice president Christa D’Alimonte could get severance if they’re let go within two years “following…
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Paramount & Warner Bros. Discovery Are Suing Each Other Over ‘South Park’ Streaming Rights, But Paramount Wins an Early Important Ruling
Back in April, Paramount and Warner Bros. Discovery sued each other over unpaid streaming rights for the show South Park. Warner Bros. Discovery reportedly owes Paramount over $50 million for streaming rights to South Park. Warner Bros. Discovery has reportedly refused to pay Paramount because it feels the contract was violated by Paramount+ releasing some…
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The Cost of Cable TV Could Be Going Up Because Of Streaming Services Thanks to Spectrum, Paramount, and Disney
When Disney and Charter struck a new agreement to bring Disney+ to Spectrum cable customers, it set a new precedent for how traditional pay-TV and streaming services could be bundled together. But it could also open the door to higher costs for cable TV customers. This is clearly a new structure that Charter wants to…