Shares of both companies are higher Friday in early trading with Paramount up 2% at $17.79 and Warner Bros up 9% at $17.68.
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Media-industry consolidation looks likely, as David Ellison tries to build a new player that can compete with Netflix.
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Latest inflation data unlikely to derail Fed, Trump pushes to remove Lisa Cook, Paramount Skydance looking at Warner Bros. Discovery bid, and more news to start your day.
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Paramount Skydance is looking to make a majority cash bid to buy the entire Warner Bros. Discovery company, The Wall Street Journal reported on Thursday.
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The Commerce Secretary offered some details on trade deals in a CNBC interview on Thursday.
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Morgan Stanley downgraded Trade Desk stock to Equal-weight from Overweight in a research note
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Target is extending store hours for the release of Taylor Swift’s new album, “The Life of a Showgirl,” betting that the pop star’s loyal fan base can recreate the success of past exclusive launches.
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Trump’s approval ratings fall, Klarna, Gemini set to debut, Apple’s product event is coming, and more news to start your day.
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Two of the weekend’s top-grossing movies, Warner Bros.’ The Conjuring: Last Rites, and Weapons, were R-rated horror movies., according to Comscore.
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BofA Securities analyst Jessica Reif Ehrlich initiated coverage of Paramount Skydance with an Underperform rating.
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Streaming companies are getting ready to reap the rewards of the ongoing popularity of NFL football.
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Talk show host Buck Sexton says he was defrauded by a real estate group that was the subject of a Barron’s investigation.
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Global bond rout deepens, Trump tariffs are back in limbo, food giants are struggling, and more news to start your day.
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August jobs report is on tap, Nestlé dismisses its CEO, sports betting is heating up, and more news to start your day.
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The chief executive is looking for a home court advantage in his battle with the Securities and Exchange Commission.
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The agency alleges that Elon Musk filed stock ownership notices late when he began amassing a stake in Twitter.
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Tech platforms and legacy media companies are battling for streaming dominance, but right now YouTube TV leads the pack.
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‘We’re committed to advocating on behalf of our members and will keep you posted on our progress,’ Youtube said on X.
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Trump escalates Fed fight, Apple teases product event next week, Cracker Barrel drops new logo, and more news to start your day.
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New streamers are launching, entertainment companies are spinning off their cable networks, and media firms are trying to merge as broadcast consolidation steps into the spotlight.
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The Truth Social parent company announced two partnerships with Crypto.com.
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Cable has made changes to its business strategies in order to hold on in a world that’s increasingly moving toward streaming.
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Tech, consumer and industrial companies, and utilities have powered the index higher. They could keep gaining for a while.
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Like the storyline of “Trading Places,” Verizon has fallen and AT&T has shot ahead.
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Live sports rights have become a major entertainment industry battleground as the pivot to streaming accelerates.
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