WorldPingAlmost one year exactly from Skydance’s acquisition of Paramount, the merged company reported mixed numbers for the June quarter with strong streaming, tough theatrical comps and an ongoing drop in linear television.
This is a short WorldPing brief. The full report was published by Deadline.
Read the full report at DeadlineNet earnings fell to $41 million, but the company saw its best quarter for retention ever on Paramount+.
Brief by WorldPing · Original reporting by Hollywood Reporter
WorldPingParamount Skydance said second-quarter profit fell, even as the company was boosted by its streaming media and studios operations, while its large TV division shed ad dollars and subscribers.
Brief by WorldPing · Original reporting by Variety
WorldPingUPDATED, with Paramount comment: A federal judge has set the Paramount-Warner Bros. Discovery merger trial for next March.
Brief by WorldPing · Original reporting by Deadline
Paramount Skydance reported second-quarter earnings after the bell and said it continues to prepare for its proposed merger with Warner Bros. Discovery.
Brief by WorldPing · Original reporting by CNBC World
The trial is set to begin roughly five months after Paramount starts paying a ticking fee of roughly $7 million per day to Warners shareholders.
Brief by WorldPing · Original reporting by Hollywood Reporter
WorldPingIt’s official — Hearst has announced an agreement to acquire Disney’s 50% interest in A+E Global Media for approximately $1.2 billion in cash. The transaction is expected to close in September, subject to customary closing conditions.
Brief by WorldPing · Original reporting by Deadline