Skydance CEO Ellison says new Paramount will become a tech-media hybrid
By Dawn Chmielewski (Reuters) - Skydance Media CEO David Ellison sketched out a vision on Monday for Paramount Global as a technology-media hybrid company at a time Hollywood has been competing for attention with tech giants moving into the entertainment business. In
Paramount will let exclusive talks with Skydance lapse
By Dawn Chmielewski (Reuters) - Paramount Global will end exclusive negotiations with Skydance Media without a deal, according to a person familiar with the discussions, allowing it to evaluate a rival bid for the home of "Mission: Impossible" and "SpongeBob SquarePants". Shares
Paramount replaces CEO with trio as it talks merger with Skydance
By Lisa Richwine LOS ANGELES (Reuters) - Paramount Global replaced CEO Bob Bakish with atrio of executives, the company announced on Monday in the middle of talks with David Ellison's Skydance Media about a possible merger. The owner of the Paramount+ streaming
Paramount narrows streaming loss forecast as investments peak
By Samrhitha Arunasalam (Reuters) - Paramount Global shares surged 10% on Friday, after the media company narrowed the 2023 loss forecast for its fast-growing streaming business as investments peaked a year ahead of target. After years of chasing subscriber growth through hefty
Paramount to raise streaming prices as ad slump knocks revenue
Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration By Eva Mathews and Helen Coster (Reuters) - Paramount Global Inc will raise prices for its flagship streaming service