Paramount Global Swings to Q1 Loss On Streaming Investment

Prime Video, Hulu, Disney+, HBO Max (soon to be, simply, Max), Paramount+, Netflix, Peacock, Discovery+, Starz and even more streaming services, there’s no shortage of options when choosing what to binge-watch in your free time. However, sometimes the amount of great film and television available to stream can be overwhelming and lead to scrolling aimlessly — hoping to land on that perfect piece of content.

Paramount Global’s Lawrence Szabo is joining BBC Studios.

EXCLUSIVE: RRR and Thor franchise star Ray Stevenson is headlining Frank Ciota’s Cassino in Ischia, a feature which is being produced by Goodfellas and Casino‘s Barbara DeFina.

Brock Media Pushes Into Podcasts

All,I wanted to let you know that Jenny Tartikoff informed me that she will be departing the company, effective today. She has been a trusted colleague to us, and I am grateful for her contributions to the studio and our team.Please join me in wishing her the very best.BrianTartikoff also sent a memo:Dear Team,There’s no easy way to share this news, but I’ve made the hard decision to leave the company.In just under two years, we’ve accomplished and achieved so much together, helping to restore Paramount’s legacy as one of Hollywood’s most iconic and successful studios.

Rebecca Rubin Film and Media Reporter Jenny Tartikoff, the executive VP of global communications at Paramount Pictures, has departed the studio. “I wanted to let you know that Jenny Tartikoff informed me that she will be departing the company, effective today,” Paramount’s president & CEO Brian Robbins said in a statement. “She has been a trusted colleague to us, and I am grateful for her contributions to the studio and our team. Please join me in wishing her the very best.” Tartikoff, a veteran of Universal and Spotify, was hired at Paramount in November of 2021. She reported to Robbins and was responsible for the studio’s corporate communication strategies, including media relations, executive and internal communications and corporate social responsibility.

This just in….Paramount EVP Global Corp Comm Jenny Tartikoff is leaving the Melrose Lot.

As the official rollout of “Paramount+ with Showtime approaches, the Paramount Global platform unveiled a unified Paramount Streaming Data & Marketing Group led by Domenic DiMeglio, EVP and chief marketing officer, Paramount Streaming.

Paramount+ with Showtime. The major media company has announced three executives in key positions of its streaming division: Domenic DiMeglio, Michael Engleman and Puja Vohra.The company said Monday it will be combining its marketing and data teams. This new division will now be titled the Paramount Streaming Data and Marketing Group and will be led by Domenic DiMeglio.

Joe Otterson TV Reporter Paramount’s Streaming Data & Marketing Group is making two high-profile changes under Domenic DiMeglio, the executive vice president and chief marketing officer of Paramount Streaming. Firstly, Michael Engelman has been named chief marketing officer of Paramount+ Domestic and Showtime. In that role, he will oversee consumer marketing, strategy, partnerships, lifecycle marketing, customer care, and social and creative execution for all U.S. campaigns. He will be based in Los Angeles. Secondly, Puja Vohra has been named executive vice president of consumer marketing for Paramount+ and Showtime. She will oversee brand, media, and program marketing for Paramount+ and Showtime and will be based in New York.

Taking the mic for the second time in a week, Paramount Global CEO Bob Bakish explained why the company slashed its dividend and talked streaming, advertising and weathering a WGA strike.

Brian Steinberg Senior TV Editor Getting to Carnegie Hall requires, as the old joke goes, practice, practice practice. Walking away, it would seem, is significantly easier. Paramount Global, a media company that has over the past decades come to emblematize the entertainment industry’s annual “upfront” sales session in no small part because of its presentations at the New York landmark, this year surprised many by walking away from holding one. Chances are the company won’t be returning in the near future. “We are not going to go back to the old way of doing things,” says John Halley, Paramount’s president of advertising, in an interview.

Well, “Yellowstone” fans, the rumors are true: Taylor Sheridan‘s hit show will end at the end of the second half of Season 5, which will premiere on Paramount Network in November. But fans of the series won’t need to wait long for the show’s story to continue.

Well, “Yellowstone” fans, the rumors are true: Taylor Sheridan‘s hit show will end at the end of the second half of Season 5, which will premiere on Paramount Network in November. But fans of the series won’t need to wait long for the show’s story to continue.

Brian Steinberg Senior TV Editor Warner Bros. Discovery posted a first-quarter loss, buffeted not only by the dynamics of streaming video that are eroding traditional media-industry economics, but also by charges related to the 2022 merger that created the company out of the former WarnerMedia and Discovery Inc. The owner of HBO, TNT and the Discovery Channel said its loss of $1.069 billion included $1.81 billion of “acquisition-related intangible assets and $95 million of pre-tax restructuring expenses.” The company also indicated that the debt it took on to finance the merger was affecting its financials. Warner Bros. Discovery had $836 million of “semi-annual interest payments largely attributable to merger-related debt that overwhelmed its cash flow.

In the last hour, the AMPTP made its first public remarks since the writers went on strike, calling its offer “generous”.

With “Yellowstone” and its many spinoffs, Taylor Sheridan is one of the buzziest filmmakers in Hollywood right now. So buzzy, in fact, that Zoe Saldaña balked at Sheridan’s proposition for her to star in his upcoming series “Special Ops: Lioness.” That’s not something to expect from an actress who stars in some of the world’s most lucractive blockbusters.

unable to reach a deal in contract negotiations with the Alliance of Motion Picture and Television Producers before Monday’s contract expiration. Picketing began in New York City and Los Angeles on Tuesday.The strike involves a long list of concerns that the writers want Hollywood studios to address, from the low pay involved in writing streaming series to reining in “mini-rooms” used to skirt contractual pay practices to addressing the use of artificial intelligence.

Paramount CEO Bob Bakish said today that “writers are essential in creating content and… we hope we can come to a resolution that is good for everyone fairy quickly. But it’s also fair to say there is a pretty big gap today, and it’s really a multifaceted kind of bid and ask.”

Todd Spangler NY Digital Editor Shares of Paramount Global tumbled as much as 22% in early trading Thursday after the media conglomerate reported disappointing first-quarter 2023 results and slashed its dividend. Paramount posted a Q1 net loss of $1.12 billion, as revenue of $7.27 billion was down 1% on shortfalls in its TV media and filmed entertainment units. The company’s streaming business, which includes Paramount+ and Pluto TV, saw revenue rise 39% in the first quarter to $1.5 billion. However, the direct-to-consumer segment posted a loss of $511 million, growing 12% compared with the year-earlier period. The company said Paramount+ added 4.1 million subscribers in the quarter, coming to a total of 60 million overall.