Paramount Global CEO Bob Bakish Cancels Media Conference Keynote Due To Illness

Disney CEO Bob Chapek and his leadership team have the “support and confidence” of the company’s board of directors, according to a statement by Chairman Susan Arnold.

shakeup of its TV division.“The strength of The Walt Disney Company’s businesses coming out of the pandemic is a testament to Bob’s leadership and vision for the company’s future,” the board said in a written statement.

“Scale is not about market cap or about how much money you spend on content. It’s about how much money you spend on content that resonate with audiences,” Shari Redstone told Paramount shareholders, promising the company has the scale to compete in a cutthroat media world that’s seen significant M&A over the past year.

Kravis would approve!

A man states that he was left terrified and in agony for five hours with severe back pain before an ambulance arrived.

Doja Cat won't be taking the stage anytime soon. The 26-year-old singer took to her Instagram Story on Friday to announce that she'll no longer be performing at festivals or opening for The Weeknd on his tour this summer due to necessary tonsil surgery.«Hi guys. I wanted you to hear it from me first,» she wrote.

The strategy to license Yellowstone and other major properties to rival streaming services like Peacock and HBO Max, which Paramount Global CEO Bob Bakish has called “unfortunate,” is out the window, according to CFO Naveen Chopra.

Bob Iger has become an investor in and advisor to Gopuff, a nine-year old commerce platform first started by two Philadelphia college students to deliver late-night snacks, hookahs and tobacco products.

Brian Steinberg Senior TV EditorWhere do you take advertisers if you want them to make a big purchase? To a department store, of course.Paramount Global will take clients who attend its upfront Wednesday afternoon to an after-party in the structure on New York’s Madison Avenue that once housed the big Barney’s department store, one way to emphasize the shopping aspect of the event, in which big U.S. TV companies hope to sell the bulk of their commercial inventory for their next programming cycle.As part of the affair, Paramount has dressed up four windows of the former shopping plaza.

Dame Deborah James is releasing a book about 'living before you die' but admitted that she's "gutted" that she may have passed away before it is published and out in shops.

Michael Schneider Variety Editor at LargeAttendees at the Disney upfront could have played a drinking game by taking a sip everytime someone referred to the company as “unrivaled.” The message to advertisers: You’ve heard from other congloms this week, but no company offers such a wide range of storytelling options than the Walt Disney Co.’s suite of offerings.After an embattled several months atop the helm, Disney CEO Bob Chapek didn’t address any of the recent arrows pointed at him and the company, instead opening the presentation by calling the Walt Disney Company “the most powerful force in the industry” and noting how he started his career in advertising.“Now, as many of you know, Disney will be celebrating our 100th anniversary later this year and that is an incredible milestone,” he said. “I can’t help but think about this moment in the context of what this company has always been, what it is today, and what it will be.

Disney CEO Bob Chapek opened Disney’s upfront in New York by telling the crowd of advertisers in attendance that the company “the most powerful force in the industry” and “the most enduring and beloved name in entertainment.”

Amber Heard took the stand once again Tuesday to continue facing the intense cross-examination about her relationship with her former husband, actor Johnny Depp.

Cynthia Littleton Business EditorParamount Global’s stock price shot up more than 10% in early trading Tuesday following the news that Warren Buffett’s Berkshire Hathaway has scooped up more than $2 billion worth of shares in the company in recent months.Paramount stock opened Tuesday at $28.47 after closing Monday at $28.02, before Berkshire Hathaway’s stock purchases were disclosed in a Securities and Exchange Commission filing.Berkshire Hathaway has been in an investor in one of Paramount’s predecessor companies, Viacom, in the not-too-distant past. Buffett’s purchases of late suggest that he sees the company as under-valued, or that he expects the company to be involved in M&A .Paramount Global, which changed its corporate moniker from ViacomCBS earlier this year, has struggled with the conventional wisdom that the company is too small to compete in what is fast becoming a global content marketplace.