Paramount (PARA) is merging its Paramount+ and Showtime streaming services into one offering — dubbed “Paramount+ with Showtime” — as the company eyes a greater integration between linear television and streaming in an increasingly crowded landscape. In an internal memo obtained by Yahoo Finance, and first reported by Variety, Paramount CEO Bob Bakish wrote to employees: This new combined offering demonstrates how we can leverage our entire collection of content to drive deeper connections… Source link
Read More »Paramount merging Paramount+ and Showtime to ‘unlock operational efficiencies’
Paramount (PARA) is merging its Paramount+ and Showtime streaming services into one offering — dubbed “Paramount+ with Showtime” — as the company eyes a greater integration between linear television and streaming in an increasingly crowded landscape. In an internal memo obtained by Yahoo Finance, and first reported by Variety, Paramount CEO Bob Bakish wrote to employees: This new combined offering demonstrates how we can leverage our entire collection of content to drive deeper connections… Source link
Read More »Some investors backing out of SPAC merging with Trump’s media firm
(Reuters) – Some investors are backing out of Digital World Acquisition Corp’s plan to acquire former U.S. President Donald Trump’s social media firm Truth Social, the blank-check firm said on Friday. Digital World said it had received termination notices from private investment in public equity (PIPE) investors ending nearly $139 million in investments out of the $1 billion commitment it had previously announced. Investors, who signed the PIPE commitment about one year ago, are free to move… Source link
Read More »Apollo considers merging Yahoo Sports with betting companies, sources say
James Maloney of the Panthers looks on during the round 6 NRL rugby league match between the Sharks and the Panthers at PointsBet Stadium on April 18, 2019 in Sydney, Australia. Jason McCawley | Getty Images Apollo Global Management, the private equity firm that acquired Yahoo from Verizon for $5 billion last year, is having preliminary discussions with sports betting companies to merge their assets with Yahoo Sports, according to people familiar with the matter. One of the companies Yahoo has… Source link
Read More »