Paramount Global's shares rose by 4.5% following reports that David Ellison is sweetening his bid for the company. The media conglomerate, which owns CBS and MTV, is considering joint-venture options for its streaming service and has identified $500 million in annual savings to boost profitability. Paramount's co-CEOs are expected to present their strategy to shareholders at the company's annual meeting, which has been postponed to June 25 due to ongoing speculation regarding potential mergers and acquisitions. The leadership team, including Cheeks, Robbins, and McCarthy, has unveiled their shared vision for the company's future, indicating that a new owner is not expected in the near term. National Amusements, led by Redstone, is actively exploring alternatives to Skydance.
Paramount Co-CEOs Postpone All-Hands Meeting Because of ‘Speculation Regarding Potential M&A’ https://t.co/SmZL1rtCij via @variety
Paramount Co-CEOs Postpone All-Hands Meeting Because of 'Speculation Regarding Potential M&A' https://t.co/oTBpV9Yuyx
PARAMOUNT GLOBAL, THE PARENT OF CBS AND MTV, IS CONSIDERING JOINT-VENTURE OPTIONS FOR ITS STREAMING SERVICE AND HAS IDENTIFIED $500 MILLION IN ANNUAL SAVINGS TO BOOST PROFITABILITY EVEN AS IT PREPARES FOR A PROBABLE SALE.
“.. the company has opted to postpone a scheduled all-employee town hall that had been set for Wednesday.” @THR $PARA https://t.co/wWCmqsWDvY
Tidbit w @BenMullin Paramount has moved tomorrow’s employee town hall to June 25. $para “Given the ongoing speculation regarding potential M&A, we want to be able to speak to you with as much candor and transparency as possible. By moving the date, our hope is to do just that”
Streamers Paramount and Warner Bros Are Changing the Game https://t.co/BySN1mONZY
🔊 NEWSLINE: Joe Flint @JBFlint, media and entertainment reporter at the @WSJ joined @BQuinnWCBS880 to discuss the rising costs of streaming services. https://t.co/ylzHlvPlCV 📺 🎦 https://t.co/LcJJ97bMP7
For Variety VIP+ subscribers: How the Paramount-Charter deal and Comcast’s StreamSaver show broadband’s prominence in SVOD bundling https://t.co/cM67YJdWP6
The three execs in Paramount's "Office of the CEO" -- Cheeks, Robbins and McCarthy -- presented "their shared vision" for the company, as Redstone put it, and spoke as if the company will not have a new owner in the near future https://t.co/xmgsfCZcF9
National Amusements is Actively Looking for Alternatives to Skydance -- Talked Paramount $PARA with @BeckyQuick this am on @SquawkCNBC https://t.co/vMU0PPnnm4
Paramount Leaders Unveil "Shared Vision" Amid Takeover Offer https://t.co/yNHlCx2IXg
🔵 PARAMOUNT GLOBAL'S CO-CEOS TO LAY OUT STRATEGY FOR SHAREHOLDERS Full Story → https://t.co/PwEWyreGbE Paramount Global's newly appointed co-CEOs are expected to discuss their vision for the media conglomerate with shareholders on Tuesday, even as the company's controlling… https://t.co/umaFPjVYB3
Paramount Global (NASDAQ: $PARA) is expected to see continued strong growth in its direct-to-consumer division, while revenues across its TV media and film entertainment segments are expected to moderate. Dive into the analysis: https://t.co/1taB8qsvGD
Updates on Paramount: *No announcement expected before tomorrow’s annual meeting. Redstone has to have time to look at the new agreement, which NAI received over the weekend *The current Paramount leadership team will present at the meeting & directly after to the board privately
▶️ 𝟯𝟲𝟬 𝗥𝗼𝘂𝗻𝗱: Streaming stocks 🎦 @LeonCFRA & @SethASchachner discuss the significance of the Disney, Hulu, & Max streaming bundle, and analyze the latest in the Skydance-Paramount merger with @NPetallides. 🍿 $DIS $PARA $NFLX $AMZN https://t.co/R4Nu28OH4p
PARAMOUNT SHARES RISE 4.5% AS DAVID ELLISON SAID TO SWEETEN BID