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...Paramount, Sony and Apollo declined to comment....
...The battle for Paramount Global is entertainment worthy of Hollywood....
...Former Barclays boss Bob Diamond will be appointed chair of social media start-up Triller after financial services platform AGBA, of which he has been chair since September, agreed an all-share takeover...
...Skydance and Apollo declined to comment, and Paramount did not immediately respond to a request for comment. *This story has been amended to clarify that Skydance and Paramount are engaged in talks....
...“If he gets . . . to run Paramount creatively, it could be a huge boon for this business in these ailing times.”...
...These services range from ecommerce to home broadband. Viacom18 also owns a streaming platform, JioCinema....
...It has the highest debt-to earnings before interest, taxes, depreciation and amortisation ratio in the sector and, like other legacy media groups, is coping with declining TV assets while its streaming service...
...Sony and private equity group Apollo have told Paramount Global they intend to make a $26bn cash offer for the entertainment company....
...It has lost billions on its streaming service, Paramount+, but has only a 4 per cent share of the US streaming market. (Netflix, the market leader, has a 33 per cent share and is profitable.)...
...Houlihan Lokey has hired Scott Kirkby as a managing director for its European financial services and technology team. He previously worked for Bupa....
...Entertainment giants including Warner, Paramount and Disney have been on a cost-cutting mission as they try to shrink losses running into the billions of dollars from their video streaming services....
...The shift makes Citadel Securities the latest financial services company to increase its reliance on Big Tech cloud services and is a win for Google as Silicon Valley companies host more business traditionally...
...The sanctions against Troost will freeze any assets he might own in the UK, impose a travel ban and restrict his access to some UK financial services....
...Warner owns the Max streaming service, which could be combined with Paramount Plus if a deal were to materialise....
...Paramount also offers its subscription-based streaming service Paramount+ in the UK....
...Big entertainment groups including Warner, Paramount and Disney have been on a cost-cutting mission as they try to shrink losses running into the billions of dollars from their video streaming services....
...The streaming service, Paramount+, has lost billions of dollars, the company’s shares have fallen by 50 per cent and its debt was recently downgraded to junk....
...The leading streaming services aggressively raised prices in 2023....
...US media group Paramount, which owns Channel 5, warned that there “may come a point in which distribution by [terrestrial TV] for commercial broadcasters is simply not viable”....
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