Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Mike Blake | Reuters Paramount Global nonexecutive chair and controlling shareholder Shari Redstone has been talking to potential buyers interested in acquiring her media company — or parts of it for years — but … Read more
LOS ANGELES — A push toward streaming, a pandemic and two Hollywood labor strikes have upended the theatrical industry, dragging on annual box-office hauls. While 2024 and 2025 boast franchise-rich movie slates, Wall Street doesn’t expect ticket sales to top $10 billion domestically until 2026. The domestic box office has not hit that benchmark since … Read more
Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images Byron Allen, the media mogul offering $14 billion for Paramount Global, told CNBC Wednesday he has the money to finance a … Read more
Bebe Wood, Renee Rapp and Avantika Vandanapu star as The Plastics in the 2024 adaptation of “Mean Girls.” Paramount Paramount is making a habit of greenlighting low- to mid-budget films for its streaming service, only to about-face and send them to theaters first. As the media company and its rivals try to claw their way … Read more
Tinky-Winky, Laa-Laa, Dipsy and Po pose for a photo as the Teletubbies celebrate their 25th anniversary with the Lighting of the Iconic Empire State Building on April 26, 2022 in New York City. John Lamparski | Getty Images Entertainment | Getty Images “Tinky Winky. Dipsy. Laa-Laa. Po!” Those four names, the iconic sing-song intro to … Read more
Paramount executive Bob Bakish attends the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022. Thilo Schmuelgen | Reuters Paramount CEO Bob Bakish announced layoffs at the media company Thursday, citing a need to “operate as a leaner company and spend less.” “Our priority is to drive … Read more
Shari Redstone, president of National Amusements and Vice Chairman, CBS and Viacom speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 21, 2019. Mike Blake | Reuters David Ellison’s Skydance Media and its financial backers are exploring a deal to take private all of Paramount Global, people familiar with the matter told … Read more
The Late Show with Stephen Colbert and guest Jon Stewart during Monday’s June 17, 2019 show CBS Photo Archive | CBS | Getty Images Jon Stewart is returning to “The Daily Show” — but only on Mondays. The comedian helmed the Comedy Central talk show between 1999 and 2015, before passing the torch to South … Read more
Movie posters for “Barbie” and “Oppenheimer” are pictured outside the Cinemark Somerdale 16 and XD in Somerdale, New Jersey, in 2023. Hannah Beier | The Washington Post | Getty Images “Barbenheimer” strikes again. It’s no surprise that Warner Bros.’ “Barbie” and Universal’s “Oppenheimer” were among the 10 best-picture nominees announced Tuesday for this year’s Academy … Read more
Bebe Wood, Renee Rapp and Avantika Vandanapu star as The Plastics in the 2024 adaptation of “Mean Girls.” Paramount You go, Glen Coco. Paramount’s “Mean Girls,” a musical film adaptation of the Broadway show and beloved 2004 film of the same name, opened to an estimated $28 million at the domestic box office, on its … Read more
