Back on stage. Johnny Depp played a few songs with his friend Jeff Beck days after winning his defamation trial against Amber Heard.
17.05.2022 - 16:59 / variety.com
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.
The company has staked much of its hopes on building out its Paramount+ streaming platform, as its older linear cable channel assets fade in value amid the broader industry upheaval as consumers embrace subscription streaming services and on-demand programming options. More to come
.Back on stage. Johnny Depp played a few songs with his friend Jeff Beck days after winning his defamation trial against Amber Heard.
Read More: Amanda Holden makes racy outfit promise ahead of BGT semis And fans were quick to share the moment online. @Neliathemadhouse said: "Just been to see Jeff Beck at Sheffield City Hall, he had a surprise special guest, Johnny Depp!!"@Jdkzn said: "johnny depp just finished his case and he’s in sheffield tonight, what a lad"@OneLoveEarth said: "Johnny is an absolute mad man…leaves court Friday.
Former Celtic boss Neil Lennon is facing a mammoth touchline ban over the angry scenes that marred his side's unlikely Cypriot Cup win.
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.
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.
TOWIE star Charlie King has revealed how he was left in despair after plunging to the "depths of my despair" after a nose job went wrong. The reality star spoke during the Health and Social Care Committee about struggling with body dysmorphia, a condition which sees sufferers spending a lot of time worrying about physical flaws that are often unnoticeable to others.
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.
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’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.
Nick Jonas is happy to have his baby girl home safe and sound.
relating to hit-and-run incident that caused the death of Nicki Minaj’s father, Robert, in 2021.At a hearing last week (May 6), Charles Polevich pleaded guilty to one count of leaving the scene of an accident and another count of evidence tampering according to court records.In a statement to Billboard, Polevich’s attorney Marc Gann said his client was “extremely remorseful for any role he may have played in Mr. Maraj’s death.”He continued: “Mr. Polevich’s life story is one of helping others, which makes this case so out of character.
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.
The driver accused of killing Nicki Minaj’s father in a hit-and-run last year has pleaded guilty.