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://hubs.li/Q02zl8830 #marketinsights
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According to Visible Alpha consensus, Paramount Global’s direct-to-consumer (DTC) division is projected to achieve a +17% year-over-year revenue increase in 2024. This growth is estimated to be driven by a +35% rise in Paramount+ revenues and a +21% increase in Pluto TV revenue, partially offset by a -59% decline in revenue from SHOWTIME OTT. While DTC is expected to see continued strong growth, revenues across the company’s TV media and film entertainment segments are expected to moderate. Dive into the analysis: https://hubs.li/Q02zl8830
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Paramount wrote down $6 billions value of Cable TV business. Warner Bros. Discovery just did the same for $ 9,1 billions. Challenges of the linear ecosystem are becoming harder and harder against the streaming model. In Europe #satellite and #DTT TV transmission costs are becoming progressively unsustainable, especially in a 4K and 8k future scenario. Streaming is progressively taking audience: Even Disney reached profitability and DAZN is closer to break even. Very difficult to reshape the traditional media business and revamp the revenues model.
Paramount Writes Down Value of Cable-TV Business by $6 Billion and Cuts 2,000 Jobs
wsj.com
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What's New to TheStreet... 📉 Paramount Global Takes a $6 Billion Hit 📉 In a significant move, Paramount Global has written down the value of its cable-TV networks by nearly $6 billion, just a day after Warner Bros. Discovery faced a $9.1 billion impairment charge. 🎬📺 What do you think this means for the future of cable TV? Share below!👇🏻 👉🏻Follow New To The Street for more! #paramountglobal #cabletv #media #entertainment #industrytrends #impairmentcharge #businessupdate #businessnews #business #news #newtothestreet
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🚨 New Insight: Disney and Paramount Selling More Second Windows How are studios like Disney and Paramount changing the game with TV show distribution? 📺 This year sales activity to third parties from US studios has continued to gain traction. Library content is finding its way onto other services and now with the second window. In this insight, Jack Thomas gives a breakdown of these specific new deals and evolving content strategies. Link to the full insight in the comments ⬇️ #TVTrends #Windowing #ContentStrategy #TVDistribution #StreamingWars
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What's New to TheStreet... 📉 Paramount Global Takes a $6 Billion Hit 📉 In a significant move, Paramount Global has written down the value of its cable-TV networks by nearly $6 billion, just a day after Warner Bros. Discovery faced a $9.1 billion impairment charge. 🎬📺 What do you think this means for the future of cable TV? Share below!👇🏻 👉🏻Follow New To The Street for more! #paramountglobal #cabletv #media #entertainment #industrytrends #impairmentcharge #businessupdate #businessnews #business #news #newtothestreet
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Pinewood Studios will close its TV department in 2025, marking the end of one of the UK's largest TV production facilities. Known for hosting popular shows like Taskmaster, Would I Lie to You?, and Red Dwarf, the department has faced a decline, with fewer productions filmed since 2021. Booked shows through 2025 will proceed, but after that, operations will cease. The decision comes after a review, partly driven by a slowdown in UK TV commissioning and the impact of recent Hollywood strikes, leading to a £5.1m drop in revenue for its Production Services segment. Pinewood’s film and HETV operations, however, remain strong with major deals from Disney, Netflix, and Prime Video. The closure highlights industry shifts, with Pinewood consulting affected staff. Despite the changes, the company remains profitable, posting £25m in pre-tax profit last year.
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Worth a quick read
The boardroom drama at Paramount Global is intensifying, and no reporter has been following it more closely than WSJ's Jessica Toonkel. Today, she reported exclusively on the latest major twist: the board and controlling shareholder are discussing a plan to remove CEO Bob Bakish and put in place a committee of top division heads to run the company on an interim basis. This is a stunning development, given that Paramount is exploring a sale right now and is in exclusive negotiations with Skydance Media. Stepping back, as Jessica explains, there is frustration within Paramount's upper ranks at how far this company -- with iconic brands like CBS, MTV and the Paramount film studio -- has fallen. Tens of billions of dollars of market value have evaporated in recent years. Bakish's supporters say he can hardly take all the blame, given the whole cable TV business is collapsing, and he has made some moves to put the company on the map in streaming. But the pressure on Bakish has mounted, as Jessica details in this piece.
Exclusive | Paramount Considers Removing CEO Bob Bakish as Turmoil Over Sale Talks Deepens
wsj.com
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Disney's exit from its Canal+ deal in France could reshape the country’s strict media release windows. Previously, Canal+ broadcast Disney films six months after their theatrical release. However, with the deal ending in 2025, Disney faces a 17-month wait to stream films on Disney+. To address this, Disney has partnered with Orange and Free for distribution. These moves may pressure France to shorten its rigid chronology laws, impacting the balance between theatres and streaming platforms.
Will moves by Canal+ and Disney prompt a seismic shift to France’s windows chronology?
screendaily.com
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As it did during its dispute with Charter, Disney is offering a $30 discount off of Hulu + Live TV, good until September 11, with the price increasing on 10/17 to $82.99 monthly. Clearly an act by Disney to try and get some customers from DirecTV during the licensing dispute. Here's an even better idea... END THE DISPUTE! - https://lnkd.in/e3S29tUR - #disney #hulu #directv #streamingmedia #cordcutting
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Warner Bros. is down over 2% this morning as earnings are well short. Their broadcast ad revenue is down 8%, but streaming revenue is up 70%. WB's Max will now be part of "The Bundle" with Disney and Hulu, going live later this summer, per David Zaslav. Speaking of which, if this merger helps to get rid of Zaslav, I welcome it. WB just extended its deal with the NBA, but Zaslav is a bean-counter who counts $50 MM in his salary. Meanwhile, Sony wants to buy Paramount Global, but spin off Paramount +, CBS, and MTV; but they want to keep the film division. That strategy seems very foolish. Also, who would want to buy Paramount+ knowing that Sony owns the film studio?
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