Paramount Global has experienced significant financial challenges, marked by a halving of its market value over the past two years to under $9 billion. This downturn has been attributed to broader disruptions within the Hollywood industry. In response to these challenges, S&P Global has placed Paramount on a negative credit watch, signaling potential concerns over the company's cash flow as it transitions from linear TV to streaming. This move by S&P Global reflects growing competition in the streaming sector and Paramount's struggle to generate sufficient operating cash flow amidst this shift. Paramount was put on Negative Credit Watch and then downgraded again to "Credit Watch Negative" by S&P due to "Weak" Cash Flow Trends.
S&P puts Paramount Global on negative watch as streaming competition grows https://t.co/gk5MTiMNfg https://t.co/JsL912ePOa
⚠️ MOODY'S SAYS HACK AGAINST UNITEDHEALTH GROUP IS 'CREDIT NEGATIVE' FOR THE COMPANY (Reuters) Credit Rating agency Moody's said Friday that the recently reported hack against UnitedHealth Group was "credit negative" for the company. The agency cited potential "financial and… https://t.co/dXm93ej3lv
⚠️ S(and)P PUTS PARAMOUNT GLOBAL ON NEGATIVE WATCH AS STREAMING COMPETITION GROWS (Reuters) Ratings agency S&P on Friday placed Paramount Global's credit rating on a negative watch, citing low operating cash flow generation at the media conglomerate due to the ongoing decline…
Paramount Global Downgraded Again To "Credit Watch Negative" By Ratings Agency S&P Due To "Weak" Cash Flow Trends https://t.co/XvdpOhWu5M
(THR) - Paramount Global is on a watch by S&P Global for a possible credit rating downgrade over weaker cash flow concerns as the major studio pivots from linear TV to the streaming space. @THR $PARA https://t.co/gf22OvQ7Zn
Paramount Put on Negative Credit Watch by S&P Global https://t.co/2VjUUADWEW
⚠️ MGM RESORTS SAYS STATE, FEDERAL REGULATORS PROBING SEPTEMBER CYBERATTACK (Reuters) MGM Resorts International said on Friday state and federal regulators were probing a cyberattack on its systems that took place in September, which shut down some of the company's… https://t.co/rCbemdI6kw
Paramount’s market value has fallen by half in the past two years, to under $9bn. Its problems point to wider disruption in Hollywood https://t.co/OoXKfcPrLo 👇