Tag: Paramount Global

2024-11-15

Disney (DIS) earnings Q4 2024

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Business

In Disney and Pixar’s “Inside Out 2,” Joy, Sadness, Anger, Fear and Disgust meet new emotions. Disney | Pixar Disney reported its fiscal fourth-quarter earnings Thursday, narrowly beating analyst estimates as streaming growth helped propel its entertainment segment.  The streaming business’ growth and profitability — combined with a blockbuster summer at the box office and further investments in the…

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2024-10-15

Warren Buffett’s Berkshire Hathaway hikes SiriusXM stake to 32%

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Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.  David A. Grogan Warren Buffett’s Berkshire Hathaway continued to increase its stake in SiriusXM, now owning 32% of the New York-based satellite radio company. The Omaha, Nebraska-based conglomerate purchased roughly 3.6 million shares for about $87…

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2024-10-15

Trump or Harris? 2024 stakes for America’s businesses

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Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. Getty Images With the U.S. election less than a month away, the country and its corporations are staring down two drastically different options. For airlines, banks, electric vehicle makers, health-care companies, media firms, restaurants and tech giants, the outcome…

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2024-10-07

More than half of top studios’ movies are existing IP

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A life-size model of the new Marvel Universe movie “Deadpool & Wolverine” authorized by Disney is seen in Shanghai, China, on July 26, 2024. Cfoto | Future Publishing | Getty Images Hollywood’s franchise frenzy is only just beginning. The 2024 box office has been inundated with sequels, prequels and remakes, with the top 10 titles of the year all…

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2024-09-16

Hollywood’s secret weapon is an animation studio called Titmouse

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Amazon Prime Video’s “The Legend of Vox Machina” is one of the many shows using animation from independent studio Titmouse Animation. Amazon Studios There’s a powerhouse in the entertainment industry that remains unknown to many casual cartoon viewers — it’s called Titmouse Animation. As mainstream theatrical animation is digging itself out of a rut and facing the looming threat…

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2024-08-24

Walmart adds Burger King benefit for Walmart+ members

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A Burger King Whopper hamburger is displayed in San Anselmo, California, on April 5, 2022. Justin Sullivan | Getty Images Walmart members are in for a whopper of a deal. The retailer on Thursday announced a new partnership with fast-food chain Burger King that will offer members of its Walmart+ subscription program 25% off any Burger King order made…

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2024-08-18

Streaming is getting more expensive for consumers. Here’s why

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Jaque Silva | SOPA Images | Lightrocket | Getty Images Streaming is finally starting to pay off for media companies, but there’s a catch — to get there, consumers are facing higher subscription costs and increasingly frequent price hikes. Legacy media companies entered the streaming market with a focus on gaining subscribers and competing with category leader Netflix as…

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2024-08-11

Stocks making the biggest moves after hours: PARA, EXPE, ELF

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Check out the companies making headlines in after-hours trading. Paramount Global — The media company jumped 5.7% after posting a massive earnings beat for the second quarter, reporting earnings of 54 cents per share while analysts polled by LSEG called for 12 cents per share. Paramount’s revenue of $6.81 billion for the period fell short of the estimated $7.21…

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2024-08-10

Paramount Global (PARA) Q2 earnings report 2024

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The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global is cutting 15% of its U.S. workforce, or about 2,000 jobs, part of a broader cost-cutting plan as it prepares for a merger with Skydance Media. Paramount has identified $500 million in cost savings, which include the head count reductions,…

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