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Search resuls for: "Tom Ryan"


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Tom Ryan, CEO and President of Paramount Streaming, speaks during the LG press conference ahead of the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 4, 2023. Paramount stock jumped about 11% Friday, a day after posting another double-digit gain, on pace for its best day since last November. The media giant released its third quarter earnings report after the closing bell Thursday, posting higher profit and revenue from a year earlier. Bernstein Research analysts noted that the trends in the third quarter were strong, and if the company keeps them up, Paramount can expect more earnings growth. Moffett Nathanson Research analysts echoed that sentiment while remaining cautiously optimistic.
Persons: Tom Ryan, Moffett Nathanson Organizations: Paramount, LG, Consumer Electronics, Wall Street, Bernstein Research, Moffett Nathanson Research Locations: Las Vegas , Nevada
Tom Ryan, CEO and President of Paramount Streaming, speaks during the LG press conference ahead of the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 4, 2023. Paramount Global 's flagship streaming service Paramount+ will combine with its Showtime app in the U.S. on June 27, the company said Monday. The Paramount+ with Showtime premium tier will increase to $11.99 from $9.99, while the Paramount+ option without Showtime content will increase by $1 to $5.99. The premium cable-TV network, known for series like "Yellowjackets" and "Billions," will also be rebranded as Paramount+ with Showtime, and the company will also sunset the standalone Showtime app by the end of the year. Paramount has said it expects peak losses for its fledgling streaming service Paramount+ this year.
Persons: Tom Ryan, Max, Bob Iger Organizations: Paramount, LG, Consumer Electronics, Showtime, Warner Bros, HBO Max, Disney Locations: Las Vegas , Nevada, U.S
In this photo illustration, Paramount+ (Paramount Plus) logo is seen on a smartphone against its website in the background. Paramount Global is further joining its streaming and cable TV business by combining its Showtime TV network and streaming service, Paramount+. The company said Monday it plans to integrate Showtime's streaming service fully into Paramount+, its marquee standalone streaming platform and response to the streaming wars. As part of this integration, the premium cable TV network, known for shows like "Yellowjackets," "Billions," and "Dexter," will be rebranded as Paramount+ with Showtime. Paramount+ starts at $4.99 a month, and Showtime's streaming service is $10.99 a month.
Paramount Global executive David Nevins, who joined Showtime in 2010 and has run the premium network since 2016, is leaving the company at the end of the year. Paramount Global announced Thursday that it's moving Showtime's network business under the leadership of Chris McCarthy, who runs other linear cable networks such as MTV and Comedy Central, and the streaming service under Tom Ryan, who runs Paramount Streaming. The moves come as the company is considering the idea of merging Showtime into Paramount+ and using the network's hit programming to fuel Paramount+ subscriptions, according to people familiar with the matter. The company's goal is to have Paramount+ be one of the five largest global streaming services, along with Warner Bros. "We are always exploring options to maximize the value of our content investment by giving consumers access to great Paramount content — including the iconic, groundbreaking and premium content offerings of Showtime -- across an array of services and platforms," a Paramount Global spokesperson said.
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