Warren Buffett Reveals $2.6B Investment In Paramount Global

Queen Elizabeth is acting!

Hilaria Baldwin is sharing an update with her fans after her son Eduardo was hospitalized.

Tom Hanks was left a little surprised when Queen Elizabeth II shared with him her cocktail of choice.

Where Kourtney Kardashian leads, Kim Kardashian will follow?

There are very few things that bring Star Wars and Star Trek fans together. Turns out, the fight against racism is one of them.

Sidse Babett Knudsen, star of returning Danish political TV drama Borgen, has rejected the idea that the series may continue past its brand new fourth season, set to debut in the US and UK on Netflix on June 2.

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.

Kelly Rizzo is trying her best to celebrate her first birthday since the tragic death of her beloved husband Bob Saget.

No one was a bigger proponent for Joey and Pacey’s romance on “Dawson’s Creek” than Pacey himself, Joshua Jackson.

Zack Sharf Viola Davis joined Variety and Kering at the Cannes Film Festival for a powerful Women In Motion conversation in which she revealed a director once called her by his maid’s name. The Oscar and Emmy-winning actor was talking about Hollywood’s perception of Black actors and how the amount of roles she can play remains limited due to her skin color, even at her A-list stature.“I had a director who did that to me.

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.

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.

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.

Britney Spears heartbreakingly revealed that she lost her “miracle baby.”

Whoa! It looks like Chrishell Stause and G Flip might be ready to take the next steps in their relationship!

Post Malone is opening up about the legendary musician who slid into his DMs!

Naomi Judd, the country music icon who died on April 30 at the age of 75, died of a self-inflicted firearm wound, her daughter, Ashley Judd, disclosed on Thursday morning.Ashley Judd made an appearance on “Good Morning America” to speak with Diane Sawyer about her mother’s death and how the Judd family has been coping in the weeks since. She said her family wanted to control the flow of information about the death before an autopsy was released.“She used a weapon…my mother used a firearm,” Ashley told Sawyer.

Naman Ramachandran The BBC is investing an additional £10 million ($12.3 million) in developing comedy.Speaking at the BBC Comedy Festival in Newcastle, U.K., on Wednesday, BBC director of comedy Jon Petrie also revealed that the broadcaster will double the number of half-hour pilots made. BBC Comedy and BBC Sounds will co-commission up to four audio comedy pilots. BBC Comedy Short Films will launch in June, consolidating current short form strands to create a space for both new and established talent to experiment and develop new work.

*You may call this a spoiler, and we’d be inclined to agree, but well, Charlize Theron has said, “the cat’s out of the bag” and posted publicly on social media, so it’s unfortunately, for some, fair game.* Director Sam Raimi’s (“Evil Dead“) return to the world of Marvel Comics has been one of his biggest box office successes as “Doctor Strange In The Multiverse of Madness” has already earned $479 million globally, which is quite the feat given the first film’s total was $677.7 million.