The entertainment industry is the latest to undergo job cuts, with major companies like Disney (DIS) and Paramount Global (PARA) reportedly planning layoffs in 2024. These media giants join the wave of tech and other industries reducing headcount to cut costs amid economic uncertainty. Yahoo Finance reporters Alexandra Canal, Josh Schafer, and Brooke DiPalma discuss the growing trend of layoffs post-Covid. For more expert insight and the latest market action, click here to watch this full… 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 »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 »Paramount CEO doubles down on business model despite ad slowdown
Paramount (PARA) CEO Bob Bakish is all in on advertising despite overall Wall Street skepticism. At Yahoo Finance’s All Markets Summit shrugged off concerns about a global slowdown in ad spending amid macroeconomic headwinds. “The two concerns in the Street right now are advertising and streaming profitability,” Bakish said (full interview above). “Advertising is a great business. And we have a fundamentally strong position in it. Our combination of linear reach, particularly with a broadcast… Source link
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