Johnny Depp took the stage alongside Jeff Beck in the UK Thursday night, marking his first public appearance since a jury ruled in his favor in his defamation lawsuit against ex-wife Amber Heard on Wednesday.The Pirates of the Caribbean actor joined the famed guitarist on the last leg of Beck's tour in the UK at a performance at the Sage venue in Gateshead, in Northern England.While Depp did not mention the trial or the verdict, Beck appeared to, stating, «What a result,» the BBC reports.The appearance also appeared to turn the page in Depp's proverbial book, as Beck announced that he and Depp have been collaborating on a new album that they will be releasing next month.«I met this guy five years ago and we've never stopped laughing since,» Beck reportedly declared during the concert on Thursday. «We actually made an album. I don't know how it happened.
Paramount Global Stock Jumps 10% After Warren Buffett’s Berkshire Hathaway Buys In
17.05.2022 - 16:37 / deadline.com
Shares of Paramount popped higher in early trading after Berkshire Hathaway, the company of legendary investor Warren Buffett, disclosed late yesterday that it acquired a chunky stake in the company.
Paramount shares are up more than 10% at nearly $31 at market open morning, following a 1% dip yesterday. They stock is still well off a 52-week high of $47, but pulling away from its year low of $26.
Berkshire bought almost 69 million shares of Paramount Global during the first quarter, it said in an SEC filing, along with a $2.9 billion stake in giant Citigroup. It also took or boosted positions in Activision Blizzard and Apple as well as Ally Financial, Markel, McKesson, Celanese, Occidental Petroleum and Chevron. Overall, the investing giant acquired $51 billion worth of stocks during the first quarter of the year.
The SEC requires institutional investors that manage more than $100 million to disclose equity holdings within 45 days after a quarter ends.
Buffett often looks for value, investing in stocks he likes during a downturn like the one we’ve seen recently. It’s been grim lately. But Paramount, which rebranded and restructured earlier this year, has taken less of beating than others in the sector as Wall Street skepticism around the limits and cost-benefits of the industry’s massive investment in streaming.
Its first quarter 2022 results saw subscriber gains at its flagship streaming services Paramount+ and Pluto, topping expectations. Paramount said it reached 62 million total streaming subscribers for the first quarter, almost 40 million of that Paramount+.
The TV Media division, whose revenue still makes up more than three-quarters of the company’s total, posted a subdued quarter, though it exceeded estimates on the
Paramount Global CEO Bob Bakish Cancels Media Conference Keynote Due To Illness
Bob Bakish, CEO of Paramount Global, has canceled a scheduled appearance at a media conference this afternoon due to illness. The chief executive had been slated for an afternoon Q&A keynote session at J.P. Morgan’s 47th Annual Global Technology, Media and Communications Conference in Boston.
Paramount Global Takes Advertisers Shopping in Upfront After-Party
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.
Paramount Global Stock Spikes After News That Warren Buffett Has Been Buying Shares
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.
Warren Buffett’s Berkshire Hathaway Acquires Small Stake in Paramount Global
Warren Buffett’s Berkshire Hathaway invested about $2.6 billion in Paramount Global during the first quarter of 2022, according to a Securites and Exchange Commission filing that disclosed the quarterly stock trading activity of his Berkshire Hathaway holding company.The 91-year-old Buffett, who serves as the owner and CEO of Berkshire Hathaway, has garnered the reputation of a value investor over his career, picking up shares in companies that he believes are undervalued or misunderstood by the markets.His investment in Paramount Global bodes well for the entertainment company as it continues to gain steam in Hollywood’s ongoing streaming wars, using its growing service Paramount+ to compete against Disney, Warner Bros. Discovery, NBCUniversal, Netflix, Apple and more in the digital space.
Warren Buffett Reveals $2.6B Investment In Paramount Global
Warren Buffett’s Berkshire Hathaway reported Monday in a securities filing that it has acquired a stake in Paramount Global after acquiring $2.6 billion in Class B shares.
Warren Buffett Buys $2.6 Billion Stake in Paramount Via Berkshire Hathaway
financial filings made public on Monday.Paramount is the third company with a major streaming service that Berkshire Hathaway has invested in, joining Apple with its service Apple TV+ and Amazon with Amazon Prime. Paramount Global reported in quarterly earnings earlier this month that Showtime and Paramount+ had a combined 62 million subscribers. Buffett also more than quadrupled his stake in scandal-ridden video game company Activision Blizzard ahead of its planned acquisition by Microsoft.
Second Stage Theater Releases Statement After ‘Deeply Unfortunate’ Leak Of Jesse Williams’ Full Frontal Scene
Jesse Williams has the backing of his theatre group.
Stacey Solomon 'nervous and proud' about BAFTA TV Award nomination as she attends with Joe
Stacey Solomon shared how she’s ‘nervous and proud’ ahead of her appearance at the BAFTA TV Awards alongside Joe Swash.The TV star, 32, posed alongside her fiancé, 40, in a gorgeous white jumpsuit as she headed off the the television awards ceremony, where she is nominated for her work on the BBC One show Sort Out Your Life. Stacey grinned in a long bright white beaded jumpsuit, while Joe meanwhile looked smart in traditional black tie as she expressed how excited she was about the upcoming ceremony. In the caption, Stacey wrote: “Here we go… Off to the Baftas with my best friend.
Why Bolton Wanderers, Portsmouth & Ipswich Town could have trips to Stoke City or Leicester
Bolton Wanderers are preparing for a second season in a row under Ian Evatt and seeking to mount a promotion push in earnest next campaign.