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Search resuls for: "National Amusements"


4 mentions found


☆ Stocks making the biggest moves midday: Ford, Marvell Technology, Paramount, Gap and more
  + stars: | 2023-05-26 | by ( Michelle Fox | ) www.cnbc.com   time to read: +3 min
Tesla 's stock gained 4.72%. Marvell Technology — The semiconductor stock soared 32.42% after the company's earnings beat analyst expectations. Despite reporting an earnings and revenue beat, shares fell on the company's reduced operating margin outlook for the full year. Paramount — Shares of the media company gained 5.89% after National Amusements, Paramount's majority voting shareholder, announced a $125 million preferred equity investment by BDT Capital Partners. Workday also raised the low end of its full-year subscription revenue guidance and named a new chief financial officer, Zane Rowe.
☆ Paramount Global considers selling majority stake of BET Media Group, sources say
  + stars: | 2023-03-06 | by ( Alex Sherman | ) www.cnbc.com   time to read: +3 min
Paramount Global is considering selling a majority stake of BET Media Group, the owner of the BET cable network and studio, VH1, and the streaming service BET+, according to people familiar with the matter. While other assets at Paramount Global are closely intertwined with its flagship streaming service Paramount+, BET has its own streaming service, its own ad sales team, and an investment from actor and producer Tyler Perry. Selling a majority stake in BET Group would allow Paramount Global to get added capital to spend on programming for Paramount+ and Pluto TV, its free ad-supported streaming service. Paramount moved VH1 into BET Media Group in October. BET Media Group is run by BET CEO Scott Mills.
☆ ‘Unscripted’ Review: Sex, Lies and Viacom
  + stars: | 2023-02-14 | by ( Edward Kosner | ) www.wsj.com   time to read: +1 min
Sumner Redstone, who died in 2020 at the age of 97, was one of the killer whales thriving in the swirling currents of the modern media. A hulking old man with dyed red hair and a maimed right hand, he was a mega-billionaire with a ravenous appetite for power, riches—and sex. At his peak at the turn of the century, he controlled Viacom; Paramount Pictures; the National Amusements movie-theater chain; the CBS network, MTV, Comedy Central and Nickelodeon; and the Simon & Schuster publishing house. Then the end came in a crescendo of recrimination, litigation and family turmoil. Imagine a mash-up of “King Lear” and “Weekend at Bernie’s,” the 1989 movie comedy about two scamps who prop up a cadaver so they can enjoy a weekend at his beach house, with Redstone starring in both title roles.
☆ Paramount Global shares jump after Warren Buffett's Berkshire Hathaway increases stake
  + stars: | 2022-11-15 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +2 min
Paramount Global 's stock got a boost Tuesday after Warren Buffett's Berkshire Hathaway upped its stake, a fresh signal that the media and entertainment company could be an acquisition target. Berkshire disclosed in public filings late Monday that it now owns more than 91 million shares in Paramount. Buffett's firm first disclosed its new stake in Paramount in May. Paramount is controlled through its class A shares by National Amusements, chairman Shari Redstone's holding company. Paramount owns "Top Gun: Maverick" movie studio Paramount Pictures, as well as the broadcast network CBS, cable channels including MTV and VH1, the premium network Showtime, and fledgling streaming service Paramount+.
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