Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money”

Todd Spangler NY Digital Editor Julia Phelps, Paramount Global‘s executive VP and chief communications and corporate marketing officer, is exiting after almost 20 years with the company and predecessor Viacom. Phelps had long worked with Bob Bakish, who was ousted as CEO of the company last month and replaced by a three-exec committee. Phelps, in a memo to her team Friday, said she will leave Paramount at the end of May.

It should be no surprise to anyone, but Bianca Censori’s family is not down for Kanye West’s career shift into the adult film industry! Why? They fear the rapper has been “using” the architectural designer to promote his next business venture this whole time!

Former CBS Media Ventures licensing and distribution executive Jonathan Bingaman has been named President, Domestic Multi-Platform Licensing & Distribution for Paramount Global Content Distribution. He will report to Dan Cohen, Chief Content Licensing Officer, Paramount Global and President, Republic Pictures, who announced the appointment in a note to staff.

Marc Anthony became a father for the seventh time after his wife, Nadia Ferrerira, gave birth to their son Marquitos. Despite the singer being very reserved with his personal life, this time, he couldn’t resist talking to his friend Lili Estefan about the blessing of welcoming his youngest son.In the middle of the golf tournament organized annually by his Maestro Cares foundation, attended by stars such as Luis Fonsi and Chayanne, Marc chatted with the host of El Gordo y La Flaca (Univision).

Aston Villa striker Ollie Watkins has already pointed out who his dream club would be as Manchester United look to launch a dramatic swoop in for the 28-year-old this summer.

told Jimmy Fallon on Tuesday.The comedian, 49, and De Niro, 80, both appeared on Tuesday’s episode of “The Tonight Show Starring Jimmy Fallon,” which reignited Handler’s love for the “Meet the Parents” actor.While being interviewed by Fallon, 49, Handler admitted that she was too shy to approach De Niro in-person at the studio.“I couldn’t even go near him backstage because his girlfriend’s back there, and I don’t want her to think that I’m making a move — but I want to make a move,” Handler said. De Niro is dating Tiffany Chen, 45, and they have a 1-year-old daughter named Gia Virginia Chen-De Niro. Gia is De Niro’s 7th child.

Helldivers 2, the Starship Troopers-inspired multiplayer co-op shooter from developer Arrowhead has sold over 12 million copies despite its recent delisting from Steam in over 150 countries.Arrowhead CEO and Helldivers 2 creative director Johan Pilestedt took to Twitter to post about the success of the viral bug and bot shooting hit game.

Gisele Bündchen’s name isn’t pronounced how you think…

Freya Allen feels empathy for the uncomfortable place Liam Hemsworth is in as he takes over the lead role in The Witcher.

Warner Bros. Discovery chief David Zaslav largely evaded questions about NBA talks and Paramount Global‘s potential as a WBD merger partner, but he did weigh in on the hot topic of executive pay.

Cynthia Littleton Business Editor Warner Bros. Discovery is staying on the sidelines of the Paramount Global acquisition drama — at least for now. That was the signal sent Monday by WB Discovery CEO David Zaslav during his appearance at the Milken Institute Global Conference in Beverly Hills.

Naman Ramachandran Actor Abhishek Bachchan (“Ghoomer”) is returning to producer Sajid Nadiadwala’s “Housefull” film franchise, one of the biggest hit Bollywood comedy film series of all time. The franchise began in 2010 with “Housefull” (2010) with sequels following in 2012, 2016 and 2019. Bachchan was one of the stars of “Housefull 3,” where he played wannabe rapper Bunty who circumstances force to pretend to be differently abled.

Cynthia Littleton Business Editor Paramount Global goes back to playing the field this week with two suitors still pursuing the company that has been surrounded by a highly public M&A drama for months. And it’s unlikely to end any time soon. The company reached the end of its 30-day exclusive negotiating window with Skydance Media on May 3 without coming to an agreement.

Todd Spangler NY Digital Editor UPADTED: After months of M&A talks, Paramount Global and controlling shareholder Shari Redstone might be going it alone after all — for now. Insiders tell Variety that the expectation at the company is that neither of the two offers in play — Skydance Media-RedBird Capital Partners and Sony Pictures Entertainment-Apollo Global Management — will come to fruition. And Redstone is said to have reluctantly concluded that a deal with David Ellison’s Skydance, a longtime partner of Paramount Pictures, will not be possible.

Three days after he was named to the newly formed Office of the CEO of Paramount Global, George Cheeks, President and CEO of CBS, faced reporters at the unveiling of the broadcast network’s fall 2024 schedule.

Paramount Global, which is in the midst of corporate upheaval on a number of fronts, got a slight reprieve in one key area, extending carriage negotiations with Charter Communications.

Todd Spangler NY Digital Editor Amid Paramount Global’s removal of Bob Bakish as CEO and the ongoing uncertainty of a company sale, it was business as usual for the first quarter at the media conglomerate — which included a $1.3 billion charge for content write-offs as well as layoffs. Paramount Global reported Q1 2024 earnings Monday, announcing Bakish’s exit and the installation of an unusual three-in-a-box “Office of the CEO”: CBS’s George Cheeks, Chris McCarthy, Showtime/MTV Entertainment Studios and Paramount Media Networks, and Paramount Pictures’ Brian Robbins.

Todd Spangler NY Digital Editor The three Paramount Global executives installed to run the company after Bob Bakish was removed as CEO sought to reassure employees that they have a long-term strategy. On Monday, Paramount Global said Bakish was stepping down as CEO and leaving the board. In his place, the company established an “Office of the CEO” committee led by three divisional heads: George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon.

Brian Steinberg Senior TV Editor The recent broadcast of Super Bowl LVIII boosted Paramount Global‘s first quarter of 2024, stabilizing advertising revenue at its TV operations, as the company’s streaming operations added more than 3 million subscribers and cut losses there by more than 40%. Overall, Paramount narrowed its first quarter operating losses while seeing a 6% uptick in revenue, due in large part to audience and advertiser interest in its Big Game presentation, which set a new viewing record.

Paramount Global‘s CEO Bob Bakish is out. The executive who has been a presence at several iterations of the company since 1997 will exit, effective immediately. A triumvirate of division heads — Brian Robbins, George Cheeks and Chris McCarthy — will step in to lead the company for now in a new office of the CEO.