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Netflix's live-action "Avatar: The Last Airbender" adapts the original cartoon, and has plenty of easter eggs. They include recreations of shots from the cartoon and references to the "Avatar" comics and books. Here are 23 details you may have missed — spoilers for the live-action, cartoon, comics, and books ahead. As the Avatar, the only person in the world able to master all four elements, he's responsible for restoring balance. This story is available exclusively to Business Insider subscribers.
Persons: Netflix's, Organizations: Service, Netflix, Business
Netflix's much-anticipated "Avatar: The Last Airbender" live-action series is out now. Critics agree the new series is better than M. Night Shyamalan's disastrous 2010 movie adaptation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNetflix's "Avatar: The Last Airbender" live-action series has received mixed reviews, but critics seem to agree on one thing — it's better than the widely panned 2010 movie adaptation. This story is available exclusively to Business Insider subscribers.
Persons: , Millenials, Firelord Organizations: Service, Nickelodeon, Fire Nation, Business
In the live-action, Jet is played by actor Sebastian Amoruso. AdvertisementWarning: Spoilers through episode four of the live-action "Avatar: The Last Airbender" ahead. Sebastian Amoruso and Kiawentiio as Jet and Katara in "Avatar: The Last Airbender." AdvertisementVideos of some of those performances are available on YouTube, showing that Amoruso played JD in "Heathers" and also appeared in shows like "American Idiot." Jet in the original "Avatar: The Last Airbender" cartoon.
Persons: , Sebastian Amoruso, Robert Falconer, Amoruso, He's, Johnny, Sebastian Amoruso's, Jet, Katara, he's, Aang, Katara's Organizations: Service, Fire, Kiawentiio, Business, Netflix, Berklee College of Music, Washington D.C, Brookside Artist Management, Amazon Studios, Manor Performing Arts Training, YouTube, Jet, Nickelodeon, Fire Nation Locations: Los Angeles, Washington, New York, Omashu
Nickelodeon’s 2005 series “Avatar: The Last Airbender” was a sprawling odyssey that combined intricate world-building, meticulous references to Asian and Native cultures, lively humor and sharply plotted drama, all animated in a charming, anime-inspired style. In 2010 there was the famously whitewashed live-action film “The Last Airbender,” which was, deservedly, met with a ferocious torrent of fan-fury. The sequel series, “Avatar: The Legend of Korra,” was more in touch with the original, but still unnecessary. And the same can be said for Netflix’s “Avatar: The Last Airbender,” the streamer’s latest big money, live-action adaptation that proves just how difficult it is to capture the magic of a beloved original. Like the original series, Netflix’s “Avatar: The Last Airbender” also takes place in a fictional Eastern world of four nations: Air Nomads, Water Tribe, Earth Kingdom and Fire Nation.
Persons: deservedly, , Netflix’s, Ian Ousley, Gordon Cormier, Michael Dante DiMartino, Bryan Konietzko Organizations: Air, Fire, Nation, Nickelodeon
Gabrielle Dawson was laid off from her job at a Michigan news station on February 13. Dawson said she was confused about why her job was cut, as she'd only been hired three months prior. She added that management knew she relocated for the job, making the layoff even more surprising. AdvertisementA millennial who worked for a Michigan news station owned by Paramount Global said she was laid off three months after she moved to take the job. On February 13, Gabrielle Dawson recorded the moment a general manager told her that layoffs were impacting her role.
Persons: Gabrielle Dawson, Dawson, , TikTok, they'd, Bob Bakish, Bakish, she'd, she's, it's, Gabrielle Dawson Dawson, would've, I'm Organizations: Service, Paramount Global, Super Bowl, CBS, Paramount, Nickelodeon, Univision, CNBC Locations: Michigan, Gun, Detroit
Paramount 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 Global ended 2022 with about 24,500 full-time and part-time employees. Paramount Global owns a variety of assets including CBS, Paramount Pictures, Pluto TV, Paramount+ and cable networks including Nickelodeon, BET and Comedy Central. The media company had warned employees of impending cuts in an internal memo last month. Bakish said at the time that Paramount Global needed to "operate as a leaner company and spend less."
Persons: Bob Bakish, Bakish, Organizations: Paramount, MTV, PSD Bank, Paramount Global, CBS, Paramount Pictures, Pluto TV, Nickelodeon, BET, Comedy Central, Skydance Media, Warner Bros, Discovery, CNBC Locations: Duesseldorf, Germany
Paramount, the owner of TV networks like Nickelodeon, MTV and Comedy Central, is laying off hundreds of employees, cutting costs as it continues its painful transition away from traditional television. About 3 percent of the company’s roughly 24,500 employees will be affected by the layoffs, according to a person familiar with the cuts, who spoke on condition of anonymity to discuss sensitive corporate information. Bob Bakish, Paramount’s chief executive, said in a memo to employees that the cuts were part of a bid to “return the company to earnings growth.”“While I realize these changes are in no way easy, as I said last month, I am confident this is the right decision for our future,” Mr. Bakish wrote. “These adjustments will help enable us to build on our momentum and execute our strategic vision for the year ahead — and I firmly believe we have much to be excited about.”
Persons: Bob Bakish, , ” Mr, Bakish, , Organizations: Paramount, Nickelodeon, MTV, Comedy
Amy Bass Rodney BedsoleThis time around, football pundits wondered if Super Bowl LVIII would be the coronation of Chiefs coach Andy Reid and the establishment of a Kansas City dynasty with a third title in five years. This Super Bowl matchup, of course, had history. “We’re not done.”Key to any Super Bowl, of course, is the halftime show. Compared to Usher on roller skates, the commercials – which often take center stage of any Super Bowl broadcast — were relatively tame. “Taylor Swift is in Las Vegas,” commentator Ian Rappoport had assured Taylor Nation.
Persons: Amy Bass, Read, Patrick Mahomes, Mecole, ” Hardman, Tom Brady, Michael Che, , Donald Trump’s, Lady Gaga, Amy Bass Rodney Bedsole, Andy Reid, Kyle Shanahan’s, Mike, Taylor Swift, Travis Kelce, Reid, Kelce, Shanahan, Brock Purdy, George Kittle, Swift, Taylor, Purdy, Jake Moody’s, Harrison Butker, Moody, Butker, Mahomes, “ We’re, Usher, Alicia Keys, Lil Jon, Ludacris, Lionel Messi, Dan Marino, Jason Sudeikis shilled, Matt Damon, Ben Affleck, Jennifer Lopez, Dunkin, Robert F Kennedy Jr, , Kennedy, Kennedy Jr’s, Taylor —, “ Taylor Swift, Ian Rappoport, “ I’ll, , Ashley Avignone, Joe Biden, Trump, ” Taylor, Joe Biden ”, Biden, Biden — Organizations: Manhattanville College, CNN, Kansas City Chiefs, San Francisco 49ers, Atlanta Falcons, New England Patriots, Budweiser, Denver Broncos, Chiefs, 49ers, Super, Kansas City, Verizon, PAC, “ GO CHIEFS, NFL, Truth Locations: America, Kansas, San Francisco, Japan, Las Vegas, Mahomes, Cetaphil’s, Massachusetts, Sephora
Sunday night’s overtime Super Bowl shattered ratings records. An audience of 123.4 million watched the Kansas City Chiefs beat the San Francisco 49ers, according to preliminary figures from Nielsen and CBS, which broadcast the game. That figure easily eclipsed last year’s record high of 115.1 million, when Kansas City defeated the Philadelphia Eagles. Final Nielsen ratings for the Super Bowl will be issued on Tuesday. At a moment when traditional television ratings have been in free fall, the N.F.L., particularly the Super Bowl, has stood immune to massive viewership changes affecting the rest of the media world.
Persons: Nielsen, Patrick Mahomes, Travis Kelce, Taylor Swift Organizations: Bowl, Kansas City Chiefs, San Francisco 49ers, Nielsen, CBS, Kansas City, Philadelphia Eagles, Super, Paramount, Univision, Nickelodeon Locations: Spanish, Travis Kelce , Kansas, Las Vegas
CNN —Super Bowl LVIII was the most-watched television broadcast in a generation. Sunday’s overtime thriller, which featured the Kansas City Chiefs facing off against the San Francisco 49ers, averaged 123.4 million viewers, CBS said Monday, breaking Super Bowl viewership records. The audience for Super Bowl LVIII was so large that it approached the all-time most watched television broadcast set in 1969, when an estimated 125 to 150 million viewers watched the Apollo 11 moon landing. The Super Bowl was no different. That makes the NFL and the Super Bowl all the more valuable to advertisers trying to reach a mass market.
Persons: Gregory Bull, Taylor Swift, Travis Kelce, ” Bob Bakish, “ She’s, Swift, Kelce Organizations: CNN, Kansas City Chiefs, San Francisco 49ers, CBS, Chiefs, Philadelphia Eagles, Paramount, Univision, Nickelodeon, NFL, Allegiant, NFC, Fox, AFC, Paramount Global, Bloomberg, Super Bowl, Companies Locations: Las Vegas
We also use them to unlock streaming content throughout the year, such as:How to watch Super Bowl halftime show live stream in the USAThe US Super Bowl live stream is available via multiple services carrying CBS. The Super Bowl halftime live stream will be shown on CBS in the USA, which you can see on most cable packages. Alternative options include watching it on Paramount Plus or picking up a live TV service like Fubo or Hulu with Live TV. How to watch Super Bowl halftime show live stream in the UKThere's no need for a DAZN pass to watch the Super Bowl halftime show live stream in the UK. How to watch Super Bowl halftime show in AustraliaThe good folks over at 7+ have bagged a free live stream of the Super Bowl halftime in Australia.
Persons: Usher, It's, you'll, it's, ExpressVPN, There's, Taylor Swift, Travis Kelce's, Swift, he's, We've, Alicia Keys, Beyonce, Lil Jon, Ludacris, Will.i.am, Pitbull, Savage, Summer Walker, Adele, we've, Lady Gaga, that's, Rihanna, Gregory Shamus Organizations: Business, Super, CBS, Paramount, US, Hulu, Live, ITV1, Nickelodeon, Comedy Central, BET, MTV, NFL, Champions League, Showtime, Paramount Plus, ITV, Sky, BBC, Chiefs Locations: America, Australian, USA, Australia, Hulu, Japan, Vegas
We use them to unlock sports streaming throughout the year, such as:How to watch the Super Bowl live streams in the USAThe US Super Bowl live stream is available via multiple services carrying CBS. The Super Bowl live stream for Chiefs vs. 49ers will be shown on CBS in the USA, which you can see on most cable packages. Australian TV channel 7+ and UK channel ITV both have a free Super Bowl live stream. How to watch Super Bowl live stream in the UKThere's no need for a DAZN pass to watch the Super Bowl live stream in the UK. How to watch Super Bowl live stream in AustraliaThe good folks over at 7+ have bagged a free live stream of the Super Bowl in Australia.
Persons: it's, ExpressVPN, Craig Doyle, Jason Bell Organizations: Business, Kansas City Chiefs, San Fransico 49ers, CBS, Paramount, US, Super, Super Bowl, Chiefs, 49ers, Hulu, Live, ITV1, Nickelodeon, Comedy Central, BET, MTV, NFL, Champions League, Showtime, Paramount Plus, ITV, Watch Chiefs, Sky, BBC, Bowl Locations: Australia, USA, Vegas, Hulu, Australian, Las Vegas
CNN —Super Bowl LVIII is finally upon us and only two teams remain in the fight for the NFL’s biggest prize. Their next challenge is to defeat the Chiefs and win the franchise’s first Super Bowl title in nearly 30 years. Sunday’s matchup will be the second time in just four years that these two teams will meet in a Super Bowl. When the rivals squared off in Super Bowl LIV back in 2020, Kansas City came back from a 10-point deficit in the fourth quarter to earn its first Super Bowl title since 1970. He’s won two Super Bowl titles, two Super Bowl MVP awards, and two league MVP awards - all before his 30th birthday.
Persons: Lombardi, Taylor Swift, Patrick Mahomes ’, Patrick Mahomes, David Eulitt, Super Bowl LIV, , Andy Reid’s, Mahomes, He’s, Brock Purdy, Mark J, Terrill, Purdy, Tom Brady, Joe Montanta, Brady, Will Mahomes, Swift, Travis Kelce, songstress, Jamie Squire, ” Kelce, , , Travis Kelce’s, Donna, she’ll, Donna Kelce Organizations: CNN, Kansas City Chiefs, San Francisco 49ers, CBS, CBS Sports, Paramount, Nickelodeon, Patrick Mahomes ’ Chiefs, NFL, Chiefs, Super Bowl, Miami Dolphins, Buffalo Bills, Baltimore Ravens, 49ers, Green Bay Packers, Detroit Lions, Kansas City, Niners, Super, NFC, ‘ Chiefs, Embassy of Locations: Vegas, Sin, Super, Kansas, San Francisco, Montana, , Embassy, Embassy of Japan, United States, Tokyo, Las Vegas, Allegiant
LAS VEGAS (AP) — Live updates from the Super Bowl in Las Vegas. Taylor Swift reached LAX in her journey from Tokyo to the Super Bowl, online sleuths sayWill she make it in time? Read moreThree longtime friends have attended every Super Bowl — and don’t intend to stopAs long as they still have each other, they’re still going to go to every Super Bowl. Here’s why millions are excited for Super Bowl SundayMillions of Americans will find something to be excited about when it comes to Super Bowl Sunday. Four in 10 U.S. adults are extremely or very excited for at least one part of the Super Bowl day’s festivities.
Persons: Woo, , Tony, Susan Chiosso, Tony Chiosso, Taylor Swift, they’ve, Travis Kelce, Patrick Mahomes, Brock Purdy, Brandon Aiyuk, Andy Reid, Purdy, Kyle Shanahan’s, Jimmy Garoppolo, they’re, Don Crisman of, Gregory Eaton of, Tom Henschel, Taylor, Swift, belting, Rhonda LeValdo, Bill Vinovich, Jennifer Anniston, Christopher Walken, Arnold Schwarzenneger, Jenna Ortega, Lionel Messi, Tom Brady, Judy ” Judy Sheindlin, Usher, That’s, Taylor Swift ., Trent Williams savors, Trent Williams, Williams, ___ Organizations: LAS VEGAS, Super, CBS, Nickelodeon, San Francisco 49ers, Area, Kansas City Chiefs, LAX, Intrepid, NFL, Chiefs, 49ers, San Francisco, Kansas City, KC, U.S, NASCAR, Reading Phillies, Super Bowl, Haskell Indian Nations University, Sunday’s, Rams, Saints, Sunday, Associated Press, NORC, for Public Affairs Research, Fame, Pro, Kansas City ., Team, Lahainaluna, School Locations: Las Vegas, Allegiant, Tokyo, Los Angeles, Miami, Don Crisman of Maine, Gregory Eaton of Michigan, Florida, Pennsylvania, Acoma Pueblo, Kansas City, U.S, Washington, Hawaii, Lahaina
Super Bowl 58 in Las Vegas on Sunday is shaping up to be quite a doozy. The 49ers haven't won a Super Bowl since 1995 but have been among the NFL's best teams the past several years, losing to the Chiefs in Super Bowl 54. Here's a guide for watching Sunday's game:What time does the Super Bowl start? Who is performing at the Super Bowl halftime show? In previous years, most Super Bowl performers have included guest stars — except for Rihanna, who was a solo act last year.
Persons: Patrick Mahomes, Travis Kelce, Andy Reid, Brock Purdy, Christian McCaffrey, Nick Bosa, there's Taylor Swift, 49ers haven't, Usher, won’t, Rihanna, Reba McEntire, Jonathan Landrum Jr, ___ Organizations: Kansas City Chiefs, San Francisco 49ers, Mr, Chiefs, Super Bowl, 49ers, Super, CBS, Nickelodeon, Paramount, YouTube, Hulu, AP Locations: Las Vegas
Now, if a league or network isn't doing something to appeal to younger fans, they are behind the times. Nickelodeon will air its fifth NFL game on Sunday when the Kansas City Chiefs face the San Francisco 49ers for the Vince Lombardi Trophy. Networks and leagues also continue to experiment with social media and creating more viral highlights to keep younger fans interested. “There’s just so many more tools now at our disposal to address the complex consumption habits of young fans. The pie has many more pieces to it for young fans,” Lehanski said.
Persons: Vince Lombardi, Sean McManus, , ” McManus, they've, SpongeBob SquarePants, Patrick Star, Travis Kelce, it's, , Hans Schroeder, “ I’ve, Nate Burleson, Marvel, Dave Lehanski, Goofy, SpongeBob, Bruce Beck, Julie Sobieski, ESPN's, “ There’s, ” Lehanski, ___ Organizations: CBS, NFL, Nickelodeon, Kansas City Chiefs, San Francisco 49ers, CBS Sports, Media, Disney, ESPN, Atlanta Falcons, Jacksonville Jaguars, Nielsen, NHL, Big City Greens, NBA, Business Development, Innovation, Walt Disney Company, MLB Little, Williamsport, . Networks Locations: London, Williamsport , Pennsylvania
It will be the 22nd time that CBS has carried the Super Bowl, which is the most among the four broadcast networks. Cohen said CBS analyst Jay Feely, who kicked in the NFL for 14 seasons, also gave his input on where to position the cameras. The upright cameras are part of 165 cameras CBS has for Sunday. There are also 23 augmented reality cameras that both CBS and Nickelodeon will use. While various bells and whistles, like AR, are nice, they also have to be used for the right reasons, which Cohen sees with the Nickelodeon broadcast.
Persons: Jason Cohen, Mike Francis, Harrison Butker, Cohen, , We’re, ” Cohen, , Harold Bryant, Jay Feely, “ We’re, ” Bryant, SpongeBob, Patrick Star, Noah Eagle, Nate Burleson, Tom Kenny, Bill Fagerbakke, Patrick, Kenny, ” Kenny, Fagerbakke, “ That’s, Russell Wilson’s, Russ Cook ” —, I’ve, Russell Wilson, I’m, ” Fagerbakke, ___ Organizations: CBS, Kansas City, Chiefs, 49ers, ESPN, ABC, CBS Sports, New York Jets, MetLife, Las Vegas Raiders, NFL, Nickelodeon, SpongeBob, Denver Broncos, Los Angeles Rams Locations: San Francisco, Los Angeles, Allegiant, Vegas
But in my conversations in Europe, I've noticed people connect because of our differences. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . When I moved to Europe, I noticed that conversations felt differentI moved to Europe seven years ago and spent time in Italy, Switzerland, France, Spain, and the UK. I'm currently living in Portugal, and during my time abroad, I've noticed that conversational glue tends to be of a different nature. Though I'm not sure there's a correct answer, I've found beauty in seeing others through the lenses of both our similarities and our differences.
Persons: It's, I've, , Barbie, Leonardo DiCaprio, Britney Spears, Alfred Hitchcock, Rodgers, Hammerstein, I'd, I'm, Astrud Gilberto, Heidegger Organizations: Service, Super Locations: Europe, Italy, Switzerland, France, Spain, Portugal, Brazilian
New York CNN —Tuning into the Super Bowl used to be easy — flick on the TV and find the broadcast channel or channels it was airing on. Subscribers to both tiers of Paramount+ can watch the Super Bowl, which kicks off at 6:30 pm ET, the company said. It’s the first time Paramount+ has aired the Super Bowl. Attention from the Super Bowl could boost subscribers to Paramount+, which trails in compared to its competitors. For the majority of fans who are watching it traditionally, CBS is available via an antenna for free or through a cable, satellite or live TV streaming services like Hulu + Live TV or DirecTV Stream.
Persons: What’s, Jon Stewart, SpongeBob SquarePants, Patrick Stewart, Drew Barrymore, Arnold, Arnold ”, Shari Redstone Organizations: New, New York CNN, CBS, Paramount, Showtime, Viacom, Super, Netflix, Hulu, DirecTV, Nickelodeon, CNN, Paramount Global, National Locations: New York
Investigation Discovery is releasing a docuseries about the toxic work environment on some famous Nickelodeon shows. BI previously reported allegations from actors, writers, and crew members that Dan Schneider's sets were "traumatizing." "Quiet on Set: The Dark Side of Kids TV" premieres across two nights on March 17 and 18. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: Dan Schneider's, , Dan Schneider, Sony's Maxine Organizations: Nickelodeon, Service, Kids, Sony's Maxine Productions, Business
New York CNN —Football’s youngest fans will be able to watch Super Bowl LVIII announced by SpongeBob SquarePants and the rest of the gang from Bikini Bottom. Characters from the cartoon SpongeBob SquarePants will join the telecast live. Sandy Cheeks (voiced by Carolyn Lawrence) will make her sideline reporting debut during the Super Bowl LVIII telecast live "Super Bowl LVIII Live from Bikini Bottom". But fans of the long-running show will recognize a 2001 classic next Sunday — there will be a “Sweet Victory” performance in the Super Bowl telecast. In the 2019 Super Bowl, halftime act Maroon 5 paid tribute to the song that the SpongeBob characters sang in a 2001 episode (in the episode, the characters of the Bikini Bottom were performing in the Bubble Bowl, a spoof of the Super Bowl.)
Persons: New York CNN —, SpongeBob SquarePants, SpongeBob, Sandy Cheeks, Carolyn Lawrence, Paramount SpongeBob, Tom Kenny, Patrick Star, Bill Fagerbakke, Nate Burleson, Noah Eagle, Larry, Lawrence, Slimetime ”, Dylan Gilmore, Nick, Gen Z, Alpha, Taylor Swift’s, Travis Kelce, ” Sean McManus, Chris Nowinski, Stephen Hillenburg, Travis Scott, , Organizations: New, New York CNN, New York CNN — Football’s, Nickelodeon, CBS Sports, Super, Kansas City Chiefs, San Francisco 49ers, Paramount Global, CBS, Paramount, Allegiant, NFL, New Orleans Saints, Chicago Bears, Nick NFL, Chiefs, NFL Nickelodeon, Saints, Bears Locations: New York, Las Vegas
New York CNN —Ticket prices for this year’s Super Bowl have dropped since last week, but it still might require hitting a casino jackpot to afford it. Despite the drop, this year’s Super Bowl still remains the most expensive on record, with the average purchase price currently at $9,850 — 70% more than the average purchase price of last year’s big game. The 2020 game, which was between the same two teams, was previously the most expensive Super Bowl on record, according to TickPick, which had an average purchase price of $6,370. Compared to the ticket prices, getting to Las Vegas and finding a place to sleep might seem like a bargain. San Francisco to Las Vegas roundtrip flights are slightly less, with the cost hovering around $383 (a 262% increase from last year on the same route).
Persons: TickPick, Priceline, there’s Organizations: New, New York CNN, Kansas City Chiefs, San Francisco 49ers, Allegiant, CNN, 49ers, Chiefs, Las, Kansas City, luxe, Aria, Bellagio, CBS, Nickelodeon, Paramount Locations: New York, Las Vegas, California, Kansas, Missouri, Francisco, Vegas
Fans think there's a divide in the Cyrus family following Tish and Billy Ray Cyrus' separation. AdvertisementMiley Cyrus didn't thank her dad, Billy Ray, in her acceptance speech at the 2024 Grammys, seemingly fueling rumors that there's a rift in the Cyrus family. Billy Ray Cyrus, Miley Cyrus and Tish Cyrus at the Nickelodeon Annual Kids' Choice Award in 2010. Tish Cyrus, Braison Cyrus, Noah Cyrus, Billy Ray Cyrus, Brandi Cyrus, and Miley Cyrus at the the 2015 MTV Video Music Awards. Representatives for Miley, Tish, Billy Ray, Noah, Braison, Trace, and Brandi Cyrus did not immediately respond to requests for comment.
Persons: Cyrus, Billy Ray Cyrus, Noah, Braison Cyrus didn't, Dominic Purcell, Miley, , Miley Cyrus didn't, Billy Ray, Tish, Brandi, Maxx Morando, Braison, Baxter Neal Helson, Christopher Cody, Kristin Luckey, Miley Cyrus, Tish Cyrus, Kevin Mazur, Noah Cyrus, Firerose, Johanna Rosie Hodges, Hannah Montana, superstardom, Braison Cyrus, Brandi Cyrus, John Shearer, It's, Trace Cyrus, Jared, @noahcyrus, Braison —, Billy Ray's, Trace, @tracecyrus, Tish's nuptials, Liam Hemsworth's Organizations: Service, Nickelodeon, Los, The Recording Academy, Disney Channel, Los Angeles Times, Daily Mail Locations: Los Angeles, Cyrus's Franklin , Tennessee, Instagram, Tish, Malibu, Nashville , Tennessee, Walmart, Instagram .
Paramount Global shares got a boost last week after reports of a potential takeover offer , but the media company could still prove a rare losing bet for Berkshire Hathaway , its biggest institutional investor. The media company's Class B shares climbed almost 5% last week to close Friday at $14.43 as investors cheered billionaire media mogul Byron Allen's $14.3 billion buyout bid. Allen Media Group offered $21.53 for each Class B nonvoting share of Paramount, about 50% above the 90-day average price. The Omaha-based conglomerate owns 93.7 million shares of Paramount nonvoting Class B stock, or a 15.4% stake, according to FactSet. It may have been the case that Berkshire was betting on Paramount being an acquisition target.
Persons: Berkshire Hathaway, Byron Allen's, Buffett, You've, Shari Redstone, Don Bilson, Gordon Haskett, Allen Organizations: Paramount Global, Berkshire, Allen Media Group, Paramount, Paramount nonvoting, Oracle, CBS, Showtime, Nickelodeon, Skydance Media, Warner Bros . Locations: Omaha
When Redstone's father, Sumner Redstone, the founder of National Amusements, died in 2020, Shari Redstone inherited his shares. Paramount Global has a market capitalization of nearly $10 billion and about $13 billion of net debt. If she agrees to sell either National Amusements or all of Paramount Global, she'll need buy in from other investors. Talks are further along with Redstone regarding NAI than they are with Paramount Global, two of the people said. Paramount Global charges $5.99 per month for Paramount+ with advertising.
Persons: Shari Redstone, Mike Blake, it's, David Ellison, Byron Allen, SpongeBob, I'm, National Amusements Shari Redstone, Brendan Mcdermid, Redstone's, Sumner Redstone, Shari, John Malone, Bob Bakish, It's, Banker Byron Trott, Warren Buffett, Berkshire Hathaway, Skydance, Spokespeople, There's, CNBC's David Faber, Bakish, Jim Cramer Organizations: National Amusements, WSJ Tech, Reuters Paramount Global, Paramount, Paramount Global, Skydance Media, Paramount Pictures, CBS, Nickelodeon, Comedy Central, Hollywood, Allen, Co, Sun, Reuters, Amusements Inc, National, Warner Bros, Discovery, CNBC, Comcast, NBCUniversal, Paramount Global's, Amusements, U.S, Disney, Charter, CNBC Paramount Global, Viacom Locations: Laguna Beach , California, Israel, Sun Valley , Idaho, Wells Fargo, America, Berkshire, NAI, Skydance, U.S
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