Written and directed by Saim Sadiq, Joyland has had a tumultuous trajectory this season. It burst out of the gate in Cannes as the first Pakistani film ever in the official selection, winning the Jury Prize in Un Certain Regard and taking several awards later down the road.
Paramount Global Stock Flies As Warren Buffett’s Berkshire Hathaway Boosts Stake
15.11.2022 - 22:35 / deadline.com
Famed investor Warren Buffett’s Berkshire Hathaway knocked Paramount Global shares higher after disclosing that it has raised his stake in the media company.
In an SEC filing, the so-called “Oracle Of Omaha’s” holding company revealed a ownership position of 91.2 million Paramount shares worth $1.7 billion as of the end of the third quarter.
The stock is trading up over 9% at $20.20 on the news, outpacing the broader market. Media and entertainment shares have been laggards this year on streaming jitters, a soft ad market and cloudy economic outlook.
Berkshire disclosed its initial stake in August, revealing an investment of 69 million shares worth $2.6 billion. This is significant increase. Building up a position indicates faith in the company’s prospects, despite Wall Street’s increased skepticism of streaming as a business. There’s also the potential for some kind of deal in a constantly shifting landscape. Paramount Global’s stock remains fully majority controlled by Shari Redstone and the Redstone family’s National Amusements.
Buffett’s other media holdings include a big chunk of Apple stock, as well as stakes in Activision Blizzard, Amazon, Charter Communications Liberty Media and Liberty Latin America.
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theplaylist.net
01.12.2022 / 21:51
‘One Fine Morning’ Trailer: Mia Hansen-Love’s Latest Drama Starring Léa Seydoux Arrives In January
2021 was a big year for Léa Seydoux. Having appeared in one of the year’s most anticipated films in Wes Anderson’s “The French Dispatch,” Seydoux also reprised her role as Madeleine Swann in the latest addition to the Bond franchise, “No Time To Die,” helping the film become the fourth highest-grossing film of 2021 with a worldwide box office total of $774.2 million.
dailyrecord.co.uk
22.11.2022 / 14:47
Best pictures as Perth Christmas Lights Switch On event returns!
Happy faces were everywhere on Saturday as the Perth Christmas Lights Switch On event went off with a bang!
deadline.com
22.11.2022 / 04:33
Paramount Global Terminates $2.2B Simon & Schuster Sale But Still Wants Out Of Publishing Biz
A major publishing deal is officially dead in the water as Paramount Global scrapped its sale of Simon & Schuster to Bertelsmann’s Penguin Random House, declining to pursue an appeal after the Department of Justice sued to block the merger and a federal judge upheld the government’s position.
deadline.com
17.11.2022 / 17:11
Making Sense Of CBS’ Executive Shakeup Amid Streamlining & Cost Cutting At Paramount Global
Restructuring, streamlining and realignment. We’ve been hearing that phrasing quite a bit over the past few months as media congloms have been thinning out their top executive ranks and targeting efficiencies to improve their balance sheets in a time when the effects from the pandemic are being exacerbated by the impact of the economic slowdown, high inflation and a looming recession.
deadline.com
16.11.2022 / 20:09
Paramount Global CFO Says Ad Market Soft But Not “Anything Close To” Covid Days
Advertising is soft, said Paramount Global’s top finance executive, but the company’s mix of broadcast, FAST, SVOD, and cable “puts us in a very powerful position” to weather the market, as does the sale of a bigger than usual chunk of inventory at the upfront.
deadline.com
16.11.2022 / 20:09
Paramount Global Begins New Round Of Layoffs, Focused In Ad Sales Group
EXCLUSIVE: Layoffs are under way at Paramount Global, with several dozen employees expected to leave the company today, insiders have confirmed to Deadline.
usmagazine.com
08.11.2022 / 07:39
What the Stars Wore to the 2022 CFDA Awards: Kim Kardashian, Gigi Hadid and More
Strike a pose! The 2022 CFDA Awards showcased stars in some of their most jaw-dropping attire to date.
deadline.com
06.11.2022 / 20:43
‘Smile’ Bright: Paramount Horror Pic Passes $200M At Global Box Office
Paramount’s Parker Finn-directed horror pic Smile has laughed all the way past the $200M mark worldwide. After six weeks in release – and with scary strong holds – the split through Sunday is $99.1M domestic and $103.8M from the international box office for a global cume of $202.9M.