‘Wicked' spectacles, merger gossip and and movie industry woes at CinemaCon 2024 [Los Angeles Times (CA)]
Paramount Global - Class A (PARAA)
Company Research
Source: Los Angeles Times
That was the central question overhanging CinemaCon 2024, the annual convention bringing together Hollywood studios and multiplex operators in Las Vegas this week. Exhibitors pleaded with the major studios to release more films of varying budgets on the big screen, while studios made the case that their upcoming slates are robust enough to keep them in business. Once again, CinemaCon, where studios trot out executives and movie stars to pitch their upcoming blockbusters, arrived at a particularly challenging time for the film industry. After weathering a devastating pandemic that shut down theaters for months, two of the most essential parts of the Hollywood machine, writers and actors, went on strike. The work stoppages — which lasted a combined six months — prompted the leading entertainment companies to push a number of titles to 2025 from 2024, disrupting the supply chain and sparking widespread anxiety in the exhibition community. Box office revenue in the U.S. and Canad
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PARAA
News
- Paramount Global ousts CEO Bob Bakish, replaces him with trio of execs as it eyes Skydance merger [Yahoo! Finance]Yahoo! Finance
- Paramount Global-B (PARA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Paramount Announces CEO Bob Bakish's Exit as Merger Looms [Yahoo! Finance]Yahoo! Finance
- Paramount Global's New Leadership Trio Tell Staff in Memo After Bakish Ouster: ‘We Know This Has Been a Challenging Time' [Yahoo! Finance]Yahoo! Finance
- Shari Redstone, Newly Elevated Execs Address Paramount Staff Following Bob Bakish's Exit, Talk “Stability” & “Challenging Days” Ahead [Yahoo! Finance]Yahoo! Finance
PARAA
Earnings
- 4/29/24 - Beat
PARAA
Sec Filings
- 4/29/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/29/24 - Form 8-K
- PARAA's page on the SEC website