paramount

Paramount is anticipating being profitable on streaming by the end of 2025, company leadership told investors Wednesday. As part of a report to investors on fourth-quarter earnings from last year, the company said it had reached 67.5 million subscribers on Paramount+ after netting 4.1 million in the fourth quarter of 2023. Subscription revenue grew 43 percent, Paramount said, attributing the increase to new subscriber growth and pricing increases for its direct-to-consumer streamer Paramount+.…

According to rumors, Paramount+ and Peacock are in talks about a potential merger. If that happens, then both of their libraries will be merged. According to a new report, if Peacock and Paramount+ were to merge, their library would give Netflix and run for its money Right now, the streaming and entertainment industry is in a bit of a weird spot. Years ago, each media company presented its own content. Now, companies are merging left and right and offering combined catalogs of content to stream. For example, HBO Max and…

Paramount Global missed revenue expectations for the fourth quarter on Wednesday but posted a surprise quarterly profit and posted strong results from its streaming platform Paramount+.Here's how Paramount performed in the fourth quarter compared to Wall Street estimates from LSEG, formerly known as Refinitiv:Earnings per share: 4 cents vs. an expected loss of 1 centRevenue: $7.64 billion vs. $7.85 billion expectedFor the last three months of 2023, Paramount reported a profit of $514 million, or 77 cents per share, up…

President and C.E.O. of Warner Bros. Discovery David Zaslav speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City.Michael M. Santiago | Getty ImagesWarner Bros. Discovery has gone "pencils down" on a potential acquisition of Paramount Global, halting talks after several months of kicking the tires on merging the media companies, according to people familiar with the matter.Skydance Media, the film and TV studio run by David Ellison, is still performing due diligence on a potential…

Get our free weekly email for all the latest cinematic news from our film critic Clarisse LoughreyGet our The Life Cinematic email for freeTop Gun actor Barry Tubb is suing Paramount Pictures for unauthorised use of his image in the film’s 2022 sequel Top Gun: Maverick.Tubb, 61, played lieutenant junior grade Henry “Wolfman” Ruth in the original 1986 blockbuster.He didn’t act in Top Gun: Maverick, but his likeness did appear in a sequence in which the camera zooms in on a photo of the fictional Top Gun class of 1986. Tubb…

Both Paramount Plus and Peacock have been working hard to court subscribers in order to further solidify their respective statuses as lasting players in the streaming space, but according to a new report, the platforms’ parent companies could be considering a unique partnership.The Wall Street Journal reports that Comcast and Paramount have been in recent talks about a potential streaming partnership that could see Paramount Plus and Peacock being offered to subscribers together as a package deal. Along with making access…

The two companies have recently discussed a streaming partnership or joint-venture for Paramount+ and Peacock. The two companies have recently discussed a streaming partnership or joint-venture for Paramount+ and Peacock. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors.…

Paramount Global is laying off about 800 employees, or roughly 3% of its workforce, CNBC reported on Tuesday, citing a person familiar with the matter.The media industry has been grappling with the changing landscape of streaming gaining dominance over traditional television and the impact from the Hollywood strikes last year. A soft advertising market and economic uncertainties have added to the pressure.The affected workers will be notified Tuesday, the report quoted Chief Executive Officer Bob Bakish as saying in an…

Paramount Global said Tuesday it’s laying off some of its “very valued colleagues,” including on its Paramount+ team. Variety reported Tuesday the cuts will affect about 800 employees, an estimated three percent of the media giant’s workforce. “I am confident this is the right decision for our future,” CEO Bob Bakish wrote in a leaked staff memo. Paramount Global’s revenue grew three percent in the third quarter of 2023.Bakish’s memo says the company will notify terminated staff by the close of business on Tuesday. He…

Paramount executive Bob Bakish attends the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022. Thilo Schmuelgen | ReutersParamount Global is laying off hundreds of employees, just one day after the company announced CBS had record Super Bowl viewership, Chief Executive Officer Bob Bakish said Tuesday in an internal memo to employees.Paramount will lay off about 800 people, or an estimated 3% of its workforce, according to a person familiar with the matter. Paramount Global…