We're kicking off this week's gig round-up with some exciting news! Ahead of Neighbourhood Weekender 2022, the festival organiser has announced that its Neighbourhood Festival is coming back to Manchester this October.
19.05.2022 - 19:53 / deadline.com
The strategy to license Yellowstone and other major properties to rival streaming services like Peacock and HBO Max, which Paramount Global CEO Bob Bakish has called “unfortunate,” is out the window, according to CFO Naveen Chopra.
“We’re no longer licensing big, franchise IP to third parties. Back in the day when Paramount didn’t have its own streaming service, that was the best way to monetize content,” Chopra said during an appearance today at MoffettNathanson’s 9th annual Media and Communications Summit. “Today, that doesn’t necessarily make sense. As some of those things come up, we’ll keep them for our owned and operated platform.”
Moderator Michael Nathanson cited heavy viewing on Netflix of Paramount shows like NCIS, wondering if that would persuade the company to continue selling off those rights. In answering, Chopra didn’t bring up any specific shows. He joined the company, then known as ViacomCBS, in August 2020, after a large licensing deal was made with NBCUniversal for Yellowstone, and another one for South Park on HBO Max. Before the expansion and rebranding of streaming service Paramount+ in 2021, the company had tended to operate as an “arms dealer,” capitalizing on surging buy-side demand for film and TV content.
The other significant shift in strategy, Chopra noted, is a reduction in production by Paramount for third-party distributors. “The reality is, that’s a pretty low-margin business anyway. It doesn’t make sense strategically to enable our competitors with that content.”
Apart from occasional one-off opportunities to produce for others, Chopra said the company would see a “huge strategic benefit in dialing that back,” mainly because the working capital required to fund that production could be
We're kicking off this week's gig round-up with some exciting news! Ahead of Neighbourhood Weekender 2022, the festival organiser has announced that its Neighbourhood Festival is coming back to Manchester this October.
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.
Sentencing has been set for June 1, with Cooper facing up to 12 years in prison. He is being held without bail after the judge called him a flight risk. Cooper has been free on a $5-million bond.
“Forrest Gump” made a surprise appearance on Tuesday at Paddington Station in London.A mystery man who looked eerily similar to the character was seen gazing at Queen Elizabeth during her visit to the new Elizabeth train line named in her honor for the Platinum Jubilee. Valentine Low, the royal correspondent for The Times of London, posted a pic of the day, showing the 96-year-old monarch sporting a bright lemon-colored coat and matching hat.
Christian Cooper — the black man and avid bird-watcher at the center of the 2020 “Central Park Karen” fiasco — has scored a TV gig at National Geographic.Cooper, 59, will host a series for the nature channel called “Extraordinary Birder.”The lifelong bird enthusiast will take viewers “into the wild, wonderful and unpredictable world of birds,” according to National Geographic.The channel has yet to announce a release date.“Whether braving stormy seas in Alaska for puffins, trekking into rainforests in Puerto Rico for parrots, or scaling a bridge in Manhattan for a peregrine falcon, he does whatever it takes to learn about these extraordinary feathered creatures and show us the remarkable world in the sky above,” the network said in a statement. Cooper, a Harvard University graduate, has been an avid warbler-watcher since he was 10.
Yellowstone” Season 5 will debut this fall, Paramount Network announced on Wednesday. The expanded season — which will run 14 episodes and air in two parts — will premiere on Nov.
Jennifer Hudson, host of the forthcoming eponymous Warner Bros. Unscripted TV daytime talk show kicked things off at Warner Bros. Discovery’s Upfront with some help from Discovery and CNN stars.
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.
Paramount Global has handed Marco Nobili and Olivier Jollet key new roles as its seeks to turbo-charge expansion of its international streaming services.
A nostalgic bar themed around a classic Blockbuster video rental store will open in Manchester's Northern Quarter later this month. Bosses of the Blockbusters NQ bar say they will be ready to open to the public on May 27, eight years after the last Blockbuster branch closed its doors for the final time due to the rise of streamed content.
Walt Disney beat on streaming subs but its financials missed the mark due to a hefty $1 billion it said it “owned a customer to early terminate license agreements for film and television content delivered in previous years in order for the Company to use the content primarily on our direct-to-consumer services”
Glenn Close is a legendary actress whose career in film and television spans more than four decades. But above all else, she is also a mother. In an interview with Glamour published on 6 May, the award-winning actress reflected on the difficulties of working full-time as a single mother, and society’s standards for women as they age.
It’s Friday again, readers. Jesse Whittock here (for the first time, be gentle), taking you through the week’s top headlines.
Liam McHugh is familiar with the rigors of hosting studio shows during the Stanley Cup playoffs, especially those nights when games go to the multiple overtimes on the West Coast.McHugh is in for some relief this season. With Turner Sports and ESPN picking up the playoffs after 16 years, he will not be on almost every night like he was for on NBC and NBCSN. TNT and TBS get their first games on Thursday after ESPN and ESPN2 carried the first three nights of the postseason.“It will be odd not to be on all the time.
Manchester United's U18s are relishing the opportunity to play in the FA Youth Cup final at Old Trafford next week.