Hints and tips:
...Paramount, formerly known as ViacomCBS, and Jonathan Karp, Simon & Schuster president and chief executive, said they were “disappointed” by the ruling and were “reviewing the decision and discussing next...
...The fallout from Archegos, whose missed margin call last week triggered a chaotic fire sale of ViacomCBS shares and a disorderly rush to exit highly leveraged positions on Friday, has affected a circle of...
...Simon’s owner, the former ViacomCBS now known as Paramount, announced the $2bn sale to PRH in late 2020. The deal, if completed, would shrink the so-called Big Five of US publishing houses to four....
...The German owner of Penguin Random House was the highest bidder in a fiercely fought auction for the ViacomCBS publishing arm, which fetched a price far in excess of initial estimates....
...Buffett’s company also invested $2.6bn in Paramount Global, the US media group formerly known as ViacomCBS, and bought $400mn worth of shares in lender Ally Financial....
...At one point, Archegos owned or had derivative exposure to more than 50 per cent of outstanding shares in media company ViacomCBS, now known as Paramount Global....
...It cancelled 11 per cent of its US television series last year, while Disney and WarnerMedia dropped 9 per cent, NBCUniversal 8 per cent and ViacomCBS only 4 per cent, according to Ampere....
...Netflix, ViacomCBS, Fox and Apple also intend to spend billions of dollars on content....
...expected to spend $18bn on content this year, according to Morgan Stanley estimates, as it seeks to maintain its lead against competitors including Disney Plus, AT&T’s HBO Max, Apple TV Plus, Amazon Prime, ViacomCBS...
...ViacomCBS last week warned that its streaming expenses would increase by $350m this quarter, which MoffettNathanson estimates will pull the company’s operating profit down by more than 40 per cent from a...
...Bertelsmann, which owns Penguin Random House, last November struck a $2.2bn deal to acquire Simon & Schuster from ViacomCBS, significantly outbidding Rupert Murdoch’s News Corp in a deal that aimed to merge...
...The CBS price tag of $1.85bn was $500m higher than ViacomCBS has anticipated when it put it up for sale in August....
...The extra $40bn in sales projected for Google in 2022 represents about as much as Comcast, Disney, WarnerMedia and ViacomCBS generated between them last year....
...But Disney Plus lured 9m subscribers in the quarter and ViacomCBS added 6m, while HBO signed up nearly 3m US subscribers to its Max streaming service....
...Yet neither ViacomCBS nor Discovery are reinventing the wheel....
...Netflix’s fresh European challengersComcast and ViacomCBS have joined forces to take on Netflix and other streaming services in several European countries, with plans to launch a new video on-demand platform...
...Jim Gianopulos was ousted this week as head of Paramount Pictures by its owner ViacomCBS, which wants to place more films on its streaming service Paramount Plus....
...Last week, after its stock price had almost tripled in the year to date, ViacomCBS did the smart thing....
...ViacomCBS bosses, meanwhile, surely miss the book parties....
...When one of his more recent bets, on ViacomCBS, turned sour, that set off a chain of events that left banks including Credit Suisse and Nomura with billions of dollars in losses....
...Netflix and Amazon have built huge online media businesses to serve consumers’ appetite for on-demand video, while media companies such as Disney and ViacomCBS have raced to adapt their businesses to consumers...
...As Netflix looks for new ways to retain its 209m paying subscribers, games could be one way to reduce churn, as Disney, Apple, WarnerMedia, Comcast, Discovery and ViacomCBS all look to lure away its subscribers...
...acknowledged that US rights for European football were becoming more competitive, saying ESPN “would have liked to continue” with broadcasting Italy’s Serie A, which recently signed a new agreement with rival ViacomCBS...
...“We would not rule out Comcast, Disney or ViacomCBS getting involved,” he wrote....
...Those trades blew up last week when Archegos was hit with margin calls after a plunge in ViacomCBS shares, leading to chaotic trading as some banks tried to limit their losses....
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