Allen Media will use BrightLine technology to power its “Frame” advertising experience across Fast and subscription apps. (Courtesy image)
Allen Media Group will leverage advertising technology from BrightLine to power its new Frame ad products, the company said on Monday.
The Frame ads will appear alongside live and on-demand content across Allen Media’s free, ad-supported streaming television (Fast) and subscription television products, including Local Now, Hbcu Go and the Weather Channel’s connected TV app.
“Frame ads not only reinforce brand messaging but also provide opportunities for interactivity and highlight shoppable moments within programming,” Byron Allen, the Founder and CEO of Allen Media, said in a statement. “Our Amg streaming apps are now well-positioned to lead the way in creating a premium, next generation viewing environment, representing a major expansion of possibilities for brands to creatively and non-disruptively integrate their messaging into programming moments that matter most to targeted streaming audiences.
Allen Media Group will leverage advertising technology from BrightLine to power its new Frame ad products, the company said on Monday.
The Frame ads will appear alongside live and on-demand content across Allen Media’s free, ad-supported streaming television (Fast) and subscription television products, including Local Now, Hbcu Go and the Weather Channel’s connected TV app.
“Frame ads not only reinforce brand messaging but also provide opportunities for interactivity and highlight shoppable moments within programming,” Byron Allen, the Founder and CEO of Allen Media, said in a statement. “Our Amg streaming apps are now well-positioned to lead the way in creating a premium, next generation viewing environment, representing a major expansion of possibilities for brands to creatively and non-disruptively integrate their messaging into programming moments that matter most to targeted streaming audiences.
- 5/20/2024
- by Matthew Keys
- The Desk
Freestyle Digital Media, the digital film distribution division of Byron Allen’s Allen Media Group, has acquired North American VOD rights to the drama-thriller “The Ghost Trap” and the social drama “Global Harmony,” the company announced during the Cannes Film Market. Allen Media also recently unveiled plans for a third installment in its successful “47 Meters Down” shark franchise.
“The Ghost Trap” (pictured) is the story of a young lobsterman who is forced to choose between right and wrong when his girlfriend suffers a traumatic head injury when she is swept off his boat by a rogue wave and rival lobstering family sabotages his gear, sparking a deadly trap war.
The film stars Zak Steiner (“Euphoria”), Greer Grammer (“Deadly Illusions”), Sarah Catherine Hook and Steven Ogg (“Westworld”). James Khanlarian makes his feature directorial debut, directing from K. Stephens’ script, which is based on the book she authored by the same name,...
“The Ghost Trap” (pictured) is the story of a young lobsterman who is forced to choose between right and wrong when his girlfriend suffers a traumatic head injury when she is swept off his boat by a rogue wave and rival lobstering family sabotages his gear, sparking a deadly trap war.
The film stars Zak Steiner (“Euphoria”), Greer Grammer (“Deadly Illusions”), Sarah Catherine Hook and Steven Ogg (“Westworld”). James Khanlarian makes his feature directorial debut, directing from K. Stephens’ script, which is based on the book she authored by the same name,...
- 5/17/2024
- by Christopher Vourlias
- Variety Film + TV
As part of the Marché du Film at Cannes, Byron Allen’s Freestyle Digital Media has acquired the North American rights to thriller The Ghost Trap, The Hollywood Reporter can exclusively reveal.
It focuses on a young lobsterman who is forced to choose between right and wrong when his girlfriend suffers a traumatic head injury after being swept off his boat by a rogue wave, and a rival lobster family sabotages his gear. A deadly trap war ensues.
Zak Steiner (White Men Can’t Jump, Euphoria), Greer Grammer (Awkward, Deadly Illusions), Sarah Catherine Hook (First Kill, The White Lotus) and Steven Ogg (The Walking Dead, Westworld) are set to star.
The supporting cast includes Taylor Takahashi (Boogie), Xander Berkeley (The Terminator, Apollo 13), Sarah Clarke (Twilight), Billy Wirth (The Lost Boys) and Heather Thomas (The Fall Guy).
On his feature directorial debut, James Khanlarian directs from K. Stephens’ script, based on...
It focuses on a young lobsterman who is forced to choose between right and wrong when his girlfriend suffers a traumatic head injury after being swept off his boat by a rogue wave, and a rival lobster family sabotages his gear. A deadly trap war ensues.
Zak Steiner (White Men Can’t Jump, Euphoria), Greer Grammer (Awkward, Deadly Illusions), Sarah Catherine Hook (First Kill, The White Lotus) and Steven Ogg (The Walking Dead, Westworld) are set to star.
The supporting cast includes Taylor Takahashi (Boogie), Xander Berkeley (The Terminator, Apollo 13), Sarah Clarke (Twilight), Billy Wirth (The Lost Boys) and Heather Thomas (The Fall Guy).
On his feature directorial debut, James Khanlarian directs from K. Stephens’ script, based on...
- 5/17/2024
- by Lily Ford
- The Hollywood Reporter - Movie News
Brooke Shields, Terry Crews and Katie Couric are among the high-profile figures added as speakers for the Tribeca Festival’s Tribeca X advertising and marketing section, now expanded into a two-day event running June 10-11 at Convene One Liberty Plaza in Lower Manhattan.
Crews will talk about his philosophy that “everything is entertainment.” Shields will talk about the power of authentic storytelling to shift the conversation around diabetes alongside ESPN’s Adam Schefter. Couric will be joined by Pfizer CEO Albert Bourla for a conversation about the power of storytelling to inspire action and build trust in communities worldwide. Byron Allen will talk about the value of independence in media. Producers Michael Sugar and Daniel Rosenberg will discuss the marketing industry, focusing on Hollywood. And CNN’s Abby Phillip will talk about maternal health with Christy Turlington Burns.
Previously announced speakers include Jon Bon Jovi and son Jesse Bongiovi and Jenna Lyons.
Crews will talk about his philosophy that “everything is entertainment.” Shields will talk about the power of authentic storytelling to shift the conversation around diabetes alongside ESPN’s Adam Schefter. Couric will be joined by Pfizer CEO Albert Bourla for a conversation about the power of storytelling to inspire action and build trust in communities worldwide. Byron Allen will talk about the value of independence in media. Producers Michael Sugar and Daniel Rosenberg will discuss the marketing industry, focusing on Hollywood. And CNN’s Abby Phillip will talk about maternal health with Christy Turlington Burns.
Previously announced speakers include Jon Bon Jovi and son Jesse Bongiovi and Jenna Lyons.
- 5/16/2024
- by Hilary Lewis
- The Hollywood Reporter - Movie News
Seth Meyers had a relatively short set at Monday’s NBCUniversal upfront, but he still got his shots in. Like this one on NBCU competitor Paramount: “I found $20 on the street this morning,” Meyers said. “Long story short, I’m one of the two finalists [to buy] Paramount.”
We’re not sure the Paramount Global special committee is going to take that offer seriously — kind of like Byron Allen’s. See? We’ve got jokes too.
For real though, the two entities playing tug-of-war with Paramount are 1) David Ellison’s Skydance and 2) a Sony/Apollo Global Management contingent.
Meyers had a few punchlines chambered for his employer. Like this one, on NBCU streaming service Peacock: “Peacock continues to prove that the easiest way to make a billion dollars is to spend eight [billion].”
Peacock is not only (still) losing a ton of money, it has yet to reveal a profitable-by date; even Paramount+ has one of those.
We’re not sure the Paramount Global special committee is going to take that offer seriously — kind of like Byron Allen’s. See? We’ve got jokes too.
For real though, the two entities playing tug-of-war with Paramount are 1) David Ellison’s Skydance and 2) a Sony/Apollo Global Management contingent.
Meyers had a few punchlines chambered for his employer. Like this one, on NBCU streaming service Peacock: “Peacock continues to prove that the easiest way to make a billion dollars is to spend eight [billion].”
Peacock is not only (still) losing a ton of money, it has yet to reveal a profitable-by date; even Paramount+ has one of those.
- 5/13/2024
- by Tony Maglio
- Indiewire
Tune in for an exciting episode of “Entertainers: With Byron Allen” airing at 4:30 Am on Sunday, May 19, 2024, on ABC. In this star-studded installment, host Byron Allen welcomes a lineup of talented performers from various corners of the entertainment industry.
Fans of “The Fall Guy” will be thrilled to see Hannah Waddingham and Winston Duke on the show, as they discuss their latest projects and share insights into their careers. Additionally, Brian Tyree Henry, known for his role in “Godzilla x Kong: The New Empire,” joins the conversation to provide behind-the-scenes anecdotes and updates on his upcoming ventures.
The episode also features appearances by Jennifer Jason Leigh and DeWanda Wise, who share insights into their collaboration on “Poolman.” Plus, viewers can look forward to interviews with Eiza González, Carrie Coon, Paul Kim, Lili Taylor, Dev Patel, Becky G, and Marques Houston, each bringing their unique perspectives and experiences to the table.
Fans of “The Fall Guy” will be thrilled to see Hannah Waddingham and Winston Duke on the show, as they discuss their latest projects and share insights into their careers. Additionally, Brian Tyree Henry, known for his role in “Godzilla x Kong: The New Empire,” joins the conversation to provide behind-the-scenes anecdotes and updates on his upcoming ventures.
The episode also features appearances by Jennifer Jason Leigh and DeWanda Wise, who share insights into their collaboration on “Poolman.” Plus, viewers can look forward to interviews with Eiza González, Carrie Coon, Paul Kim, Lili Taylor, Dev Patel, Becky G, and Marques Houston, each bringing their unique perspectives and experiences to the table.
- 5/12/2024
- by Jules Byrd
- TV Everyday
The skyline of Honolulu, Hawaii. (Photo via Wikimedia Commons)
Hawaiian Telcom has renewed its retransmission deal with Allen Media Group that covers two broadcast television channels and multiple cable networks, the companies announced on Thursday.
The deal will allow Hawaiian Telcom to continue offerin Honolulu-based Kitv and independent station Kiku (Channel 20) to its TV subscribers. The agreement also covers continued distribution of seven Allen Media-owned TV networks — JusticeCentral.TV, Comedy.TV, Recipe.TV, Cars.TV, MyDestination.TV, Es.TV, and Pets.TV — with Hawaiian Telcom agreeing to carry The Grio and Hbcu Go in the future.
“We are delighted to renew and expand our relationship with Hawaiian Telcom,” Byron Allen, the founder and CEO of Allen Media, said in a statement. “Hawaiian Telcom has been an extraordinary partner and recognizes the tremendous value our television stations and cable television networks bring to their subscribers.”
Allen Media acquired Kitv in August 2020 as part of a $30 million deal with Sjl Broadcasting.
Hawaiian Telcom has renewed its retransmission deal with Allen Media Group that covers two broadcast television channels and multiple cable networks, the companies announced on Thursday.
The deal will allow Hawaiian Telcom to continue offerin Honolulu-based Kitv and independent station Kiku (Channel 20) to its TV subscribers. The agreement also covers continued distribution of seven Allen Media-owned TV networks — JusticeCentral.TV, Comedy.TV, Recipe.TV, Cars.TV, MyDestination.TV, Es.TV, and Pets.TV — with Hawaiian Telcom agreeing to carry The Grio and Hbcu Go in the future.
“We are delighted to renew and expand our relationship with Hawaiian Telcom,” Byron Allen, the founder and CEO of Allen Media, said in a statement. “Hawaiian Telcom has been an extraordinary partner and recognizes the tremendous value our television stations and cable television networks bring to their subscribers.”
Allen Media acquired Kitv in August 2020 as part of a $30 million deal with Sjl Broadcasting.
- 5/9/2024
- by Matthew Keys
- The Desk
Paramount Plus with Showtime offered live access to March Madness games on CBS. Paramount Plus and CBS could be sold off by Sony and Apollo if their acquisition of Paramount Global is approved. (Graphic by The Desk)
Sony and Apollo Global Management intend to sell of Paramount Global’s linear broadcast and television networks if its offer to acquire the company is approved, according to a report.
On Wednesday, the New York Times said Sony and Apollo would “auction off” the CBS broadcast network and co-owned cable channels like MTV, VH1, Nickelodeon, TV Land, CMT and BET if Paramount’s board and shareholders approve its $26 billion takeover offer.
The report said Sony and Apollo are likely to keep the famed Paramount Pictures studio and Paramount’s intellectual content, including shows like “Spongebob Squarepants,” “Paw Patrol,” “Star Trek” and “Mission: Impossible.” But it would sell off Paramount Plus with Showtime, the...
Sony and Apollo Global Management intend to sell of Paramount Global’s linear broadcast and television networks if its offer to acquire the company is approved, according to a report.
On Wednesday, the New York Times said Sony and Apollo would “auction off” the CBS broadcast network and co-owned cable channels like MTV, VH1, Nickelodeon, TV Land, CMT and BET if Paramount’s board and shareholders approve its $26 billion takeover offer.
The report said Sony and Apollo are likely to keep the famed Paramount Pictures studio and Paramount’s intellectual content, including shows like “Spongebob Squarepants,” “Paw Patrol,” “Star Trek” and “Mission: Impossible.” But it would sell off Paramount Plus with Showtime, the...
- 5/9/2024
- by Matthew Keys
- The Desk
Get ready to laugh out loud with the latest episode of “Comics Unleashed With Byron Allen” airing on Wednesday, May 15, 2024, at 1:37 Am on CBS. This late-night comedy show promises to deliver non-stop hilarity with a lineup of talented comedians.
In this episode, viewers can expect to be entertained by the comedic stylings of Adam Ray, Brad Williams, TuRae, and Vanessa Hollingshead. Each comedian brings their unique perspective and brand of humor to the stage, guaranteeing a night full of side-splitting laughter.
From witty observations to hilarious anecdotes, these comics will leave you in stitches as they tackle a variety of topics with their signature wit and charm. Whether you’re a fan of stand-up comedy or just in need of a good laugh, “Comics Unleashed With Byron Allen” is sure to deliver the entertainment you’re looking for.
So grab your popcorn and tune in to CBS at 1:...
In this episode, viewers can expect to be entertained by the comedic stylings of Adam Ray, Brad Williams, TuRae, and Vanessa Hollingshead. Each comedian brings their unique perspective and brand of humor to the stage, guaranteeing a night full of side-splitting laughter.
From witty observations to hilarious anecdotes, these comics will leave you in stitches as they tackle a variety of topics with their signature wit and charm. Whether you’re a fan of stand-up comedy or just in need of a good laugh, “Comics Unleashed With Byron Allen” is sure to deliver the entertainment you’re looking for.
So grab your popcorn and tune in to CBS at 1:...
- 5/8/2024
- by Jules Byrd
- TV Everyday
There’s a new, scary reality sinking in for both Paramount shareholders and its board of directors: What if nobody buys Paramount?
Not much more than a week ago it felt like a foregone conclusion that David Ellison would buy out Shari Redstone’s controlling stake in Paramount Global for a few billion bucks, and force Paramount to buy his Skydance for a few billion more bucks than that. That’s what Redstone wanted to happen at least, and what Redstone wants she’s pretty well set up to get. She has the shares to force whatever outcome she wants and stop whatever one she doesn’t.
But there was another suitor who could no longer be ignored.
Apollo Global Management, a private-equity fund, has been knocking on Redstone’s door for months. It’s pounding now. At first, Apollo offered $11 billion to buy out Paramount’s studio. No way,...
Not much more than a week ago it felt like a foregone conclusion that David Ellison would buy out Shari Redstone’s controlling stake in Paramount Global for a few billion bucks, and force Paramount to buy his Skydance for a few billion more bucks than that. That’s what Redstone wanted to happen at least, and what Redstone wants she’s pretty well set up to get. She has the shares to force whatever outcome she wants and stop whatever one she doesn’t.
But there was another suitor who could no longer be ignored.
Apollo Global Management, a private-equity fund, has been knocking on Redstone’s door for months. It’s pounding now. At first, Apollo offered $11 billion to buy out Paramount’s studio. No way,...
- 5/7/2024
- by Tony Maglio and Brian Welk
- Indiewire
It’s impressive that despite the massive success of Jaws making its bite mark on pop culture back in 1975, many movies have unapologetically attempted to follow in its footsteps to this very day. One of those films is the 2017 movie 47 Meters Down, which spawned a sequel in 2019, 47 Meters Down: Uncaged. A third movie in the series is now set to swim ashore as 47 Meters Down: The Wreck will be launching its sales campaign at the Cannes Market. Johannes Roberts and screenwriter Ernest Riera return to co-write this new installment, which will be directed by veteran horror director Patrick Lussier, whose credits include My Bloody Valentine.
The plot synopsis for the third entry, per Deadline, reads,
“The story will follow a father who is determined to rebuild his relationship with his daughter as they bond during a scuba dive in beautiful tropical waters while exploring a famous shipwreck. But soon after their descent,...
The plot synopsis for the third entry, per Deadline, reads,
“The story will follow a father who is determined to rebuild his relationship with his daughter as they bond during a scuba dive in beautiful tropical waters while exploring a famous shipwreck. But soon after their descent,...
- 5/7/2024
- by EJ Tangonan
- JoBlo.com
In the bloody wake of shark attack movies 47 Meters Down (2017) and 47 Meters Down: Uncaged (2019), the franchise will return with third installment 47 Meters Down: The Wreck.
Deadline reports that Patrick Lussier will be directing the third 47 Meters Down movie, with FilmNation launching sales in Cannes.
Johannes Roberts and Ernest Riera co-wrote the upcoming third movie’s screenplay. Roberts had previously directed both 47 Meters Down and its first sequel, Uncaged.
Deadline details in their exclusive report this morning, “The story will follow a father who is determined to rebuild his relationship with his daughter as they bond during a scuba diving in beautiful tropical waters while exploring a famous shipwreck. But soon after their descent, their master diver has an accident leaving them alone and unprotected inside the labyrinth of the wreck. As tensions rise and oxygen dwindles, the pair must use their newfound bond to escape the...
Deadline reports that Patrick Lussier will be directing the third 47 Meters Down movie, with FilmNation launching sales in Cannes.
Johannes Roberts and Ernest Riera co-wrote the upcoming third movie’s screenplay. Roberts had previously directed both 47 Meters Down and its first sequel, Uncaged.
Deadline details in their exclusive report this morning, “The story will follow a father who is determined to rebuild his relationship with his daughter as they bond during a scuba diving in beautiful tropical waters while exploring a famous shipwreck. But soon after their descent, their master diver has an accident leaving them alone and unprotected inside the labyrinth of the wreck. As tensions rise and oxygen dwindles, the pair must use their newfound bond to escape the...
- 5/7/2024
- by John Squires
- bloody-disgusting.com
Exclusive: Shark in the water! The third installment in the hit shark thriller franchise 47 Meters Down is launching at the Cannes market.
Series creator Johannes Roberts, and screenwriter Ernest Riera, who wrote the first two films, have co-written the third installment: 47 Meters Down: The Wreck. Veteran horror director Patrick Lussier (My Bloody Valentine) will direct. FilmNation, the sales agent on the franchise’s second installment, 47 Meters Down: Uncaged, is returning to launch worldwide sales in Cannes.
The story will follow a father who is determined to rebuild his relationship with his daughter as they bond during a scuba diving in beautiful tropical waters while exploring a famous shipwreck. But soon after their descent, their master diver has an accident leaving them alone and unprotected inside the labyrinth of the wreck. As tensions rise and oxygen dwindles, the pair must use their newfound bond to escape the wreck and...
Series creator Johannes Roberts, and screenwriter Ernest Riera, who wrote the first two films, have co-written the third installment: 47 Meters Down: The Wreck. Veteran horror director Patrick Lussier (My Bloody Valentine) will direct. FilmNation, the sales agent on the franchise’s second installment, 47 Meters Down: Uncaged, is returning to launch worldwide sales in Cannes.
The story will follow a father who is determined to rebuild his relationship with his daughter as they bond during a scuba diving in beautiful tropical waters while exploring a famous shipwreck. But soon after their descent, their master diver has an accident leaving them alone and unprotected inside the labyrinth of the wreck. As tensions rise and oxygen dwindles, the pair must use their newfound bond to escape the wreck and...
- 5/7/2024
- by Andreas Wiseman
- Deadline Film + TV
What now?
The Skydance Media deal for National Amusements appears to be dead, with the company declining to extend its exclusive negotiating window, and sources tell The Hollywood Reporter that controlling shareholder Shari Redstone is cool on the $26 billion offer from Sony Pictures and Apollo Global Management — a deal that would lead to the breakup of the empire her father built. While it is possible that Paramount’s independent board committee believes that regulatory concerns presented by the Apollo-Sony offer can be overlooked and recommends that deal, it looks like an increasingly challenged proposition.
For the foreseeable future, it appears, the company is in the hands of the three-man committee made up of CBS chief George Cheeks, Paramount Pictures’ Brian Robbins and Chris McCarthy, head of Showtime/MTV Entertainment Studios and Paramount Media Networks. Paramount stock dropped 7 percent to $12.89 at the close in the wake of the news.
The Skydance Media deal for National Amusements appears to be dead, with the company declining to extend its exclusive negotiating window, and sources tell The Hollywood Reporter that controlling shareholder Shari Redstone is cool on the $26 billion offer from Sony Pictures and Apollo Global Management — a deal that would lead to the breakup of the empire her father built. While it is possible that Paramount’s independent board committee believes that regulatory concerns presented by the Apollo-Sony offer can be overlooked and recommends that deal, it looks like an increasingly challenged proposition.
For the foreseeable future, it appears, the company is in the hands of the three-man committee made up of CBS chief George Cheeks, Paramount Pictures’ Brian Robbins and Chris McCarthy, head of Showtime/MTV Entertainment Studios and Paramount Media Networks. Paramount stock dropped 7 percent to $12.89 at the close in the wake of the news.
- 5/4/2024
- by Kim Masters and Alex Weprin
- The Hollywood Reporter - Movie News
Upadted: After months of M&a talks, Paramount Global and controlling shareholder Shari Redstone might be going it alone after all — for now.
Insiders tell Variety that the expectation at the company is that neither of the two offers in play — Skydance Media-RedBird Capital Partners and Sony Pictures Entertainment-Apollo Global Management — will come to fruition. And Redstone is said to have concluded that the deal currently on the table from David Ellison’s Skydance, a longtime partner of Paramount Pictures, will not be possible.
As of Friday morning, the special committee established by Paramount Global’s board to evaluate M&a proposals had not notified Skydance one way or the other about its best and final offer, which would involve Skydance acquiring Redstone’s National Amusements Inc. and merging Skydance and Paramount Global, per a source familiar with the talks. The exclusive 30-day negotiating window between Skydance and...
Insiders tell Variety that the expectation at the company is that neither of the two offers in play — Skydance Media-RedBird Capital Partners and Sony Pictures Entertainment-Apollo Global Management — will come to fruition. And Redstone is said to have concluded that the deal currently on the table from David Ellison’s Skydance, a longtime partner of Paramount Pictures, will not be possible.
As of Friday morning, the special committee established by Paramount Global’s board to evaluate M&a proposals had not notified Skydance one way or the other about its best and final offer, which would involve Skydance acquiring Redstone’s National Amusements Inc. and merging Skydance and Paramount Global, per a source familiar with the talks. The exclusive 30-day negotiating window between Skydance and...
- 5/3/2024
- by Todd Spangler
- Variety Film + TV
Byron Allen’s Allen Media Group confirmed Thursday that it is undergoing layoffs as part of strategic changes “to better position the company for growth.”
According to a statement, the changes include “expense and workforce reductions across all divisions of the company,” which includes network, broadcast and syndication divisions; The Weather Channel; digital network TheGrio; and a motion picture division.
“Allen Media Group’s brands continue to perform well and in many areas our revenue growth has greatly outpaced the market,” today’s statement said. “We are aligning these changes to drive future business opportunities and support our growth strategies in our rapidly evolving industry.”
The number of layoffs was not disclosed, but Allen is joining the list of media companies cutting staff as cord-cutting keeps accelerating in the TV biz. The privately-owned Amg currently owns 36 ABC/NBC/CBS/Fox network affiliate broadcast television stations in 21 U.S. markets and...
According to a statement, the changes include “expense and workforce reductions across all divisions of the company,” which includes network, broadcast and syndication divisions; The Weather Channel; digital network TheGrio; and a motion picture division.
“Allen Media Group’s brands continue to perform well and in many areas our revenue growth has greatly outpaced the market,” today’s statement said. “We are aligning these changes to drive future business opportunities and support our growth strategies in our rapidly evolving industry.”
The number of layoffs was not disclosed, but Allen is joining the list of media companies cutting staff as cord-cutting keeps accelerating in the TV biz. The privately-owned Amg currently owns 36 ABC/NBC/CBS/Fox network affiliate broadcast television stations in 21 U.S. markets and...
- 5/2/2024
- by Patrick Hipes and Jill Goldsmith
- Deadline Film + TV
Byron Allen’s Allen Media Group said it is cutting costs and will be laying off employees.
The move began on Monday. Amg said it “is making strategic changes to better position the company for growth that will result in expense and workforce reductions across all divisions of the company. Allen
Media Group’s brands continue to perform well and in many areas our revenue growth has greatly outpaced the market. We are aligning these changes to drive future business opportunities and support our growth strategies in our rapidly evolving industry.
It wasn’t clear how many employees are affected.
Amg
More...
The move began on Monday. Amg said it “is making strategic changes to better position the company for growth that will result in expense and workforce reductions across all divisions of the company. Allen
Media Group’s brands continue to perform well and in many areas our revenue growth has greatly outpaced the market. We are aligning these changes to drive future business opportunities and support our growth strategies in our rapidly evolving industry.
It wasn’t clear how many employees are affected.
Amg
More...
- 5/2/2024
- by Jill Goldsmith
- Deadline Film + TV
Byron Allen’s media firm is set to undergo a notable round of layoffs, the company disclosed.
“Allen Media Group is making strategic changes to better position the company for growth that will result in expense and workforce reductions across all divisions of the company,” a rep for Allen Media told The Hollywood Reporter on Thursday. No detail was disclosed on the size of the workforce reduction.
Allen Media Group properties include the linear TV network The Weather Channel (purchased for what was said to be in the $300 million range in 2018) as well as the network and website TheGrio, local TV stations in multiple cities, streaming service Hbcu Go and branded properties like Cars.TV and Pets.TV.
The Los Angeles-based firm, founded in 1993, also includes a film distribution company that has released such titles as shark thriller 47 Meters Down and Western Hostiles, among other titles. In 2021, Allen bought Black News Channel...
“Allen Media Group is making strategic changes to better position the company for growth that will result in expense and workforce reductions across all divisions of the company,” a rep for Allen Media told The Hollywood Reporter on Thursday. No detail was disclosed on the size of the workforce reduction.
Allen Media Group properties include the linear TV network The Weather Channel (purchased for what was said to be in the $300 million range in 2018) as well as the network and website TheGrio, local TV stations in multiple cities, streaming service Hbcu Go and branded properties like Cars.TV and Pets.TV.
The Los Angeles-based firm, founded in 1993, also includes a film distribution company that has released such titles as shark thriller 47 Meters Down and Western Hostiles, among other titles. In 2021, Allen bought Black News Channel...
- 5/2/2024
- by Erik Hayden
- The Hollywood Reporter - Movie News
The front of the Paramount Pictures studios in Los Angeles, California. (Stock image by Hannah Wernecke via Unsplash)
Sony and Apollo Global Management have formalized their $26 billion all-cash bid for Paramount Global, according to a report published on Thursday.
The offer — first reported by the Wall Street Journal, then confirmed separately by the New York Times — was submitted on Wednesday and signed by Sony Pictures CEO Tony Vinciquerra and Apollo Global partner Aaron Sobel.
If accepted, Sony would become the majority owner of Paramount Global, which includes the Paramount Pictures studio, CBS and MTV Networks linear television channels, foreign broadcast outlets like Channel 5 in Britain and Network 10 in Australia and the streaming platforms Paramount Plus and Pluto TV.
Apollo Global would be a minority shareholder in Paramount and cede operational control to Sony, the Journal said, citing unnamed sources.
The bid comes two days before the expiration of...
Sony and Apollo Global Management have formalized their $26 billion all-cash bid for Paramount Global, according to a report published on Thursday.
The offer — first reported by the Wall Street Journal, then confirmed separately by the New York Times — was submitted on Wednesday and signed by Sony Pictures CEO Tony Vinciquerra and Apollo Global partner Aaron Sobel.
If accepted, Sony would become the majority owner of Paramount Global, which includes the Paramount Pictures studio, CBS and MTV Networks linear television channels, foreign broadcast outlets like Channel 5 in Britain and Network 10 in Australia and the streaming platforms Paramount Plus and Pluto TV.
Apollo Global would be a minority shareholder in Paramount and cede operational control to Sony, the Journal said, citing unnamed sources.
The bid comes two days before the expiration of...
- 5/2/2024
- by Matthew Keys
- The Desk
Three Paramount executives will take Bakish’s place until the question of Paramount’s ownership is determined.
It has been a tumultuous few months for Paramount Global as the venerated entertainment company has been regularly embroiled in rumors surrounding its ownership and, more recently, who will be in charge of the company. On Monday, some of those questions were answered as Paramount reported its first-quarter earnings for 2024. On the streaming front, the company’s flagship platform Paramount+ added 3.7 million customers worldwide during the first three months of the year to bring its global total to 71.2 million, up 18.67% year over year.
Key Details: Paramount+ saw 18.67% subscriber growth over the course of the past year. The streamer also boasted a 51% revenue jump year over year as well. CEO Bob Bakish stepped down from his post on Monday effective immediately and he will be replaced by a trio of executives while Paramount’s ownership is decided.
It has been a tumultuous few months for Paramount Global as the venerated entertainment company has been regularly embroiled in rumors surrounding its ownership and, more recently, who will be in charge of the company. On Monday, some of those questions were answered as Paramount reported its first-quarter earnings for 2024. On the streaming front, the company’s flagship platform Paramount+ added 3.7 million customers worldwide during the first three months of the year to bring its global total to 71.2 million, up 18.67% year over year.
Key Details: Paramount+ saw 18.67% subscriber growth over the course of the past year. The streamer also boasted a 51% revenue jump year over year as well. CEO Bob Bakish stepped down from his post on Monday effective immediately and he will be replaced by a trio of executives while Paramount’s ownership is decided.
- 4/29/2024
- by Matt Tamanini
- The Streamable
Get ready for a night of laughter and hilarity with “Comics Unleashed With Byron Allen,” airing on CBS at 1:37 Am on Friday, May 3, 2024. In this uproarious episode, viewers will be treated to a lineup of talented comedians guaranteed to tickle your funny bone.
Join host Byron Allen as he welcomes a fantastic array of comedic talent to the stage. This episode features the comedic stylings of Jimmy Shubert, Ben Morrison, Drew Fraser, and Lisa Sundstedt, each bringing their own unique brand of humor and wit to the table.
From witty observations to side-splitting anecdotes, these comedians will have you laughing out loud from start to finish. Whether you’re a longtime fan of stand-up comedy or just looking for a good laugh, “Comics Unleashed With Byron Allen” promises to deliver an evening of non-stop entertainment.
So grab your popcorn, settle in on the couch, and get ready to unwind...
Join host Byron Allen as he welcomes a fantastic array of comedic talent to the stage. This episode features the comedic stylings of Jimmy Shubert, Ben Morrison, Drew Fraser, and Lisa Sundstedt, each bringing their own unique brand of humor and wit to the table.
From witty observations to side-splitting anecdotes, these comedians will have you laughing out loud from start to finish. Whether you’re a longtime fan of stand-up comedy or just looking for a good laugh, “Comics Unleashed With Byron Allen” promises to deliver an evening of non-stop entertainment.
So grab your popcorn, settle in on the couch, and get ready to unwind...
- 4/26/2024
- by Jules Byrd
- TV Everyday
A new report from CNBC indicates many of the parties who approached Paramount about buying BET have contacted Scripps about the sale.
Broadcasting companies are feeling the squeeze these days. Programming costs and affiliate fees are continuing to rise, and broadcasters have to keep their retransmission fee demands within a certain range or risk being dropped by distributors in carriage disputes. E.W. Scripps is one such broadcaster that finds itself facing myriad financial pressures, which could explain a new report from CNBC that suggests that the company is looking to sell its Black-focused culture and entertainment network Bounce TV.
Key Facts: CNBC reports Scripps has hired a bank to evaluate the potential sale of Bounce TV. Many parties interested in acquiring BET from Paramount last year have contacted Scripps. Scripps’ stock has fallen more than 50% this year amidst concerns driven by cord-cutting.
CNBC’s report indicates that Scripps has...
Broadcasting companies are feeling the squeeze these days. Programming costs and affiliate fees are continuing to rise, and broadcasters have to keep their retransmission fee demands within a certain range or risk being dropped by distributors in carriage disputes. E.W. Scripps is one such broadcaster that finds itself facing myriad financial pressures, which could explain a new report from CNBC that suggests that the company is looking to sell its Black-focused culture and entertainment network Bounce TV.
Key Facts: CNBC reports Scripps has hired a bank to evaluate the potential sale of Bounce TV. Many parties interested in acquiring BET from Paramount last year have contacted Scripps. Scripps’ stock has fallen more than 50% this year amidst concerns driven by cord-cutting.
CNBC’s report indicates that Scripps has...
- 4/25/2024
- by David Satin
- The Streamable
Get ready for a late-night social media extravaganza with Episode 50 of “#Handles,” titled “#Handles 5/1,” airing at 1:30 Am on Thursday, May 2nd, 2024, exclusively on truTV. In this exciting installment, hosts Lauren Jbara and Channing Frye take viewers on a journey through the world of X, Facebook, and Instagram as they share a social recap of the NBA’s top highlights and storylines.
From jaw-dropping dunks to buzzer-beating shots, “#Handles 5/1” promises to be a fast-paced and entertaining ride for basketball fans everywhere. Join Lauren and Channing as they break down the latest trends and discussions happening across social media platforms, providing insights and analysis that you won’t want to miss.
So grab your phone, follow along on X, Facebook, and Instagram, and tune in to “#Handles 5/1” at 1:30 Am on Thursday, May 2nd, 2024, for all the action and excitement, only on truTV.
Release Date & Time: 1:37 Am Thursday 2 May 2024 on...
From jaw-dropping dunks to buzzer-beating shots, “#Handles 5/1” promises to be a fast-paced and entertaining ride for basketball fans everywhere. Join Lauren and Channing as they break down the latest trends and discussions happening across social media platforms, providing insights and analysis that you won’t want to miss.
So grab your phone, follow along on X, Facebook, and Instagram, and tune in to “#Handles 5/1” at 1:30 Am on Thursday, May 2nd, 2024, for all the action and excitement, only on truTV.
Release Date & Time: 1:37 Am Thursday 2 May 2024 on...
- 4/25/2024
- by Jules Byrd
- TV Everyday
Get ready for an exciting episode of “Entertainers: With Byron Allen,” airing on ABC at 4:30 Am on Sunday, April 28, 2024. Hosted by Byron Allen, this episode features a star-studded lineup of guests from the entertainment industry.
Viewers can look forward to interviews with Dan Stevens and Kathryn Newton, who discuss their latest project, “Abigail.” Additionally, Steve Martin shares insights into his documentary “Steve (martin),” offering viewers a behind-the-scenes look at his life and career.
Luna Lauren Velez joins the conversation to talk about her role in “American Rust: Broken Justice,” while Henry Cavill, the band Infinity Song, Archie Panjabi, Diane Warren, Javier Bardem, and Shailene Woodley round out the lineup with their own unique insights and experiences.
From Hollywood stars to talented musicians and industry insiders, “Entertainers: With Byron Allen” offers viewers an exclusive glimpse into the world of entertainment. Don’t miss out on this jam-packed episode filled with fascinating interviews and behind-the-scenes stories.
Viewers can look forward to interviews with Dan Stevens and Kathryn Newton, who discuss their latest project, “Abigail.” Additionally, Steve Martin shares insights into his documentary “Steve (martin),” offering viewers a behind-the-scenes look at his life and career.
Luna Lauren Velez joins the conversation to talk about her role in “American Rust: Broken Justice,” while Henry Cavill, the band Infinity Song, Archie Panjabi, Diane Warren, Javier Bardem, and Shailene Woodley round out the lineup with their own unique insights and experiences.
From Hollywood stars to talented musicians and industry insiders, “Entertainers: With Byron Allen” offers viewers an exclusive glimpse into the world of entertainment. Don’t miss out on this jam-packed episode filled with fascinating interviews and behind-the-scenes stories.
- 4/21/2024
- by Jules Byrd
- TV Everyday
Paramount is currently in exclusive negotiations with Skydance on a potential merger, but there is another contender lurking — one coming from way out of left field.
The New York Times reported Thursday that Sony Pictures Entertainment is in talks with Apollo Global Management on teaming up for a potential joint bid to buy Paramount. There has not been an official offer on the table because of the formal exclusive negotiations, but this one threatens to be seismic. There is one degree of separation between the potential joint venture: Sony and the Apollo-backed Legendary Pictures already have a distribution deal.
When reached by IndieWire, Sony had no comment on the report. Same with Paramount, and Apollo did not immediately respond to our inquiry. We get it: we’re sort of speechless too.
A Sony Pictures and Paramount Pictures studio combination would be an instant Hollywood juggernaut. (So much so that...
The New York Times reported Thursday that Sony Pictures Entertainment is in talks with Apollo Global Management on teaming up for a potential joint bid to buy Paramount. There has not been an official offer on the table because of the formal exclusive negotiations, but this one threatens to be seismic. There is one degree of separation between the potential joint venture: Sony and the Apollo-backed Legendary Pictures already have a distribution deal.
When reached by IndieWire, Sony had no comment on the report. Same with Paramount, and Apollo did not immediately respond to our inquiry. We get it: we’re sort of speechless too.
A Sony Pictures and Paramount Pictures studio combination would be an instant Hollywood juggernaut. (So much so that...
- 4/19/2024
- by Tony Maglio and Brian Welk
- Indiewire
As Paramount Global and Skydance Media’s exclusive talks about a potential merger continue, Ariel Investments founder and co-ceo John Rogers Jr. told TheWrap that the media conglomerate’s recent stock decline indicates a lack of faith in Skydance’s CEO David Ellison.
Watching the developments closely, the executive said that he could consider legal action in the event that a deal doesn’t appropriately benefit his clients.
The firm, which is a long-term shareholder with a 1.8% stake in Paramount as of the new year, previously told TheWrap Friday that pursuing exclusive talks with Skydance and a deal that would benefit controlling shareholder Shari Redstone at the expense of other shareholders would be “averse” to the company’s fair market value.
On Monday, he added that they are “talking to our outside counsel.”
Paramount shares have fallen 50% in the past year (Credit: Nasdaq)
“It’s something that we’re going...
Watching the developments closely, the executive said that he could consider legal action in the event that a deal doesn’t appropriately benefit his clients.
The firm, which is a long-term shareholder with a 1.8% stake in Paramount as of the new year, previously told TheWrap Friday that pursuing exclusive talks with Skydance and a deal that would benefit controlling shareholder Shari Redstone at the expense of other shareholders would be “averse” to the company’s fair market value.
On Monday, he added that they are “talking to our outside counsel.”
Paramount shares have fallen 50% in the past year (Credit: Nasdaq)
“It’s something that we’re going...
- 4/15/2024
- by Lucas Manfredi
- The Wrap
Paramount's Second-Largest Shareholder Would Rather See Company Go Unsold Than Approve Skydance Deal
Speaking with the New York Post last week, Wall Street mogul Mario Gabelli said there was “no question” he’d prefer no deal to the Skydance offer.
There aren’t many Paramount shareholders beyond the controlling shareholder Shari Redstone who are enthusiastic about the company’s decision to enter into exclusive negotiations with David Ellison of Skydance Media regarding a merger. A report from the New York Post indicates that Paramount’s second-largest shareholder Mario Gabelli is also against the deal, and in fact would rather Paramount remain unsold than see it be merged or acquired by some other company.
Gabelli said there was “no question I’d rather see no sale” when queried by the Post. His plan is to follow Paramount CEO Bob Bakish’s guidance on keeping the company going, as well as to sell its cable channels to Byron Allen. Allen has already registered a bid for Paramount Global,...
There aren’t many Paramount shareholders beyond the controlling shareholder Shari Redstone who are enthusiastic about the company’s decision to enter into exclusive negotiations with David Ellison of Skydance Media regarding a merger. A report from the New York Post indicates that Paramount’s second-largest shareholder Mario Gabelli is also against the deal, and in fact would rather Paramount remain unsold than see it be merged or acquired by some other company.
Gabelli said there was “no question I’d rather see no sale” when queried by the Post. His plan is to follow Paramount CEO Bob Bakish’s guidance on keeping the company going, as well as to sell its cable channels to Byron Allen. Allen has already registered a bid for Paramount Global,...
- 4/15/2024
- by David Satin
- The Streamable
Dawn Ostroff (left) and Frederick Terrell are two members of the Paramount board that are said to be departing in the coming weeks. (Courtesy photos)
Paramount Global is set to lose four members of its board of directors in the coming weeks as the company continues to explore a potential tie-up with film and television production company Skydance Media, according to a report.
On Wednesday, the Wall Street Journal said the company could disclose the departures in a regulatory filing as soon as this week.
Three outgoing board members — former Spotify advertising executive Dawn Ostroff, ex-Sony Entertainment president Nicole Seligman and investment and banking executive Frederick Terrell — were part of a special committee at Paramount tasked with exploring different potential suitors for a merger or acquisition of the entertainment company’s assets with another firm.
The other departing board member, Robert Klieger, is the personal attorney of Shari Redstone,...
Paramount Global is set to lose four members of its board of directors in the coming weeks as the company continues to explore a potential tie-up with film and television production company Skydance Media, according to a report.
On Wednesday, the Wall Street Journal said the company could disclose the departures in a regulatory filing as soon as this week.
Three outgoing board members — former Spotify advertising executive Dawn Ostroff, ex-Sony Entertainment president Nicole Seligman and investment and banking executive Frederick Terrell — were part of a special committee at Paramount tasked with exploring different potential suitors for a merger or acquisition of the entertainment company’s assets with another firm.
The other departing board member, Robert Klieger, is the personal attorney of Shari Redstone,...
- 4/11/2024
- by Matthew Keys
- The Desk
Get ready for an exciting episode of “Entertainers: With Byron Allen” on ABC. Airing at 4:30 Am on Sunday, April 14, 2024, Episode 8 promises to be a star-studded affair with a lineup of Hollywood’s brightest talents.
Tune in as host Byron Allen sits down with an array of A-list guests, including Paul Rudd, who discusses his latest role in “Ghostbusters: Frozen Empire.” Additionally, Julia Mayorga shares insights into her character in the gripping series “American Rust: Broken Justice,” while George Lopez gives viewers a glimpse into his new project, “Lopez vs. Lopez.”
But the excitement doesn’t stop there, as the episode features appearances by Millie Bobby Brown, Jade LeMac, Zendaya, Francisco Ramos, Viola Davis, Johan Renck, Denzel Washington, and Ariana Grande. With such a star-studded lineup, viewers can expect engaging conversations, behind-the-scenes anecdotes, and plenty of entertainment.
Don’t miss out on this jam-packed episode of “Entertainers: With Byron Allen...
Tune in as host Byron Allen sits down with an array of A-list guests, including Paul Rudd, who discusses his latest role in “Ghostbusters: Frozen Empire.” Additionally, Julia Mayorga shares insights into her character in the gripping series “American Rust: Broken Justice,” while George Lopez gives viewers a glimpse into his new project, “Lopez vs. Lopez.”
But the excitement doesn’t stop there, as the episode features appearances by Millie Bobby Brown, Jade LeMac, Zendaya, Francisco Ramos, Viola Davis, Johan Renck, Denzel Washington, and Ariana Grande. With such a star-studded lineup, viewers can expect engaging conversations, behind-the-scenes anecdotes, and plenty of entertainment.
Don’t miss out on this jam-packed episode of “Entertainers: With Byron Allen...
- 4/7/2024
- by Jules Byrd
- TV Everyday
The front of the Paramount Pictures studios in Los Angeles, California. (Stock image by Hannah Wernecke via Unsplash)
The board of directors at Paramount Global have agreed to enter into exclusive discussions with Skydance Media over a proposed merger of the two businesses, according to a report published this week.
The report, offered by the Wall Street Journal and its anonymous sources, said Paramount will stop entertaining offers from other suitors for at least a month while it irons out details of a proposed merger with Skydance.
In January, Skydance was named as one of the parties interested in acquiring some or all of Paramount. At the time, financial news outlet Reuters said the all-cash deal proposed by Skydance would involve a handful of other players, including China-based Tencent and RedBird Capital Partners.
Apollo stepped in with an offer of its own, pledging $11 billion for Paramount’s film and television...
The board of directors at Paramount Global have agreed to enter into exclusive discussions with Skydance Media over a proposed merger of the two businesses, according to a report published this week.
The report, offered by the Wall Street Journal and its anonymous sources, said Paramount will stop entertaining offers from other suitors for at least a month while it irons out details of a proposed merger with Skydance.
In January, Skydance was named as one of the parties interested in acquiring some or all of Paramount. At the time, financial news outlet Reuters said the all-cash deal proposed by Skydance would involve a handful of other players, including China-based Tencent and RedBird Capital Partners.
Apollo stepped in with an offer of its own, pledging $11 billion for Paramount’s film and television...
- 4/4/2024
- by Matthew Keys
- The Desk
Updated with stock price. Shares of Paramount Global gave up some gains on Thursday after surging more than 15% yesterday as Skydance chief David Ellison secured pole position to clinch a majority stake of National Amusements.
Led by Shari Redstone, National Amusements operates a movie theater circuit and also controls more than three-quarters of Paramount’s voting shares. A report in Bloomberg just prior to market close said a tentative deal was reached between Ellison, a longtime business partner on film and TV projects with Paramount, and Redstone. There is no deal done. But as Deadline reported earlier today, the two sides are in an exclusive negotiating period. Such an arrangement is only entered into with a framework in place, in the hope of reaching a final agreement.
The two sides have established a 30-day exclusive negotiating window, Deadline has learned, a sign that things are moving forward more decisively after months of speculation.
Led by Shari Redstone, National Amusements operates a movie theater circuit and also controls more than three-quarters of Paramount’s voting shares. A report in Bloomberg just prior to market close said a tentative deal was reached between Ellison, a longtime business partner on film and TV projects with Paramount, and Redstone. There is no deal done. But as Deadline reported earlier today, the two sides are in an exclusive negotiating period. Such an arrangement is only entered into with a framework in place, in the hope of reaching a final agreement.
The two sides have established a 30-day exclusive negotiating window, Deadline has learned, a sign that things are moving forward more decisively after months of speculation.
- 4/3/2024
- by Jill Goldsmith and Dade Hayes
- Deadline Film + TV
Depending who you ask, the streaming wars are either over (and Netflix has won!) or still very much ongoing.
Well, if you came to this story, you’ve asked us. Our answer: Yes, Netflix has won first place, but the other podiums are still in play.
Historically, the way to evaluate streamers was by subscriber count. Though the industry’s grow-or-die era is over, subscribers are still very important to ranking the streaming services. Revenue may have taken over as the key-est of the KPIs (key performance metrics) for Netflix and others, but there is no revenue without subscribers.
We’ve recorded the subscriber counts for each of the major streaming services as of December 31, 2023. Netflix will report its Q1 results on April 18, 2024; everyone else will follow with their own updates.
‘Dr. Death'(Photo by: Barbara Nitke/Peacock)Barbara Nitke/Peacock Peacock: 31 million subscribers
It’s hard to write...
Well, if you came to this story, you’ve asked us. Our answer: Yes, Netflix has won first place, but the other podiums are still in play.
Historically, the way to evaluate streamers was by subscriber count. Though the industry’s grow-or-die era is over, subscribers are still very important to ranking the streaming services. Revenue may have taken over as the key-est of the KPIs (key performance metrics) for Netflix and others, but there is no revenue without subscribers.
We’ve recorded the subscriber counts for each of the major streaming services as of December 31, 2023. Netflix will report its Q1 results on April 18, 2024; everyone else will follow with their own updates.
‘Dr. Death'(Photo by: Barbara Nitke/Peacock)Barbara Nitke/Peacock Peacock: 31 million subscribers
It’s hard to write...
- 3/29/2024
- by Tony Maglio
- Indiewire
Tune in for an exciting episode of “Entertainers: With Byron Allen” airing on ABC this Sunday at 4:00 Am. In Episode 7, host Byron Allen brings together a star-studded lineup of guests for captivating interviews and engaging conversations.
Get ready to hear from Hollywood heavyweights like Josh Brolin, who discusses his role in “Dune: Part 2,” and Lucas Hedges and Christina Jackson, stars of the film “Shirley.” Plus, don’t miss Reneé Rapp from “Mean Girls,” along with Jeff Daniels and Maura Tierney, sharing insights into their latest projects.
In addition to these talented actors, the episode features interviews with renowned musician Ziggy Marley, composer Charles Fox, and actress Karen Gillan. Plus, Danielle Larracuente and Will Ferrell join the conversation to share their experiences in the entertainment industry.
With a diverse range of guests and topics, “Entertainers: With Byron Allen” promises to be an entertaining and informative watch for viewers of all ages.
Get ready to hear from Hollywood heavyweights like Josh Brolin, who discusses his role in “Dune: Part 2,” and Lucas Hedges and Christina Jackson, stars of the film “Shirley.” Plus, don’t miss Reneé Rapp from “Mean Girls,” along with Jeff Daniels and Maura Tierney, sharing insights into their latest projects.
In addition to these talented actors, the episode features interviews with renowned musician Ziggy Marley, composer Charles Fox, and actress Karen Gillan. Plus, Danielle Larracuente and Will Ferrell join the conversation to share their experiences in the entertainment industry.
With a diverse range of guests and topics, “Entertainers: With Byron Allen” promises to be an entertaining and informative watch for viewers of all ages.
- 3/24/2024
- by Jules Byrd
- TV Everyday
Paramount has a new offer on the table, but Shari Redstone might not even get out of bed for this one. The Wall Street Journal reported Wednesday that private equity firm Apollo Global Management (also an investor in “Dune” studio Legendary Entertainment) offered Paramount Global $11 billion for its film and TV studio.
The specifics of exactly which assets Apollo wants to buy (and not buy) are unclear, but the film and TV studios would include Paramount Pictures and the production capabilities at networks like CBS and MTV. Linear networks would stay behind, as well as distribution platforms like Paramount+ and BET+.
Also unknown is if the iconic Paramount lot is part of the offer, which houses so much of Paramount’s studio production. When reached by IndieWire, a Paramount Global rep had no comment. Reps for Apollo did not return a request for comment.
Redstone is “unconvinced” by the offer,...
The specifics of exactly which assets Apollo wants to buy (and not buy) are unclear, but the film and TV studios would include Paramount Pictures and the production capabilities at networks like CBS and MTV. Linear networks would stay behind, as well as distribution platforms like Paramount+ and BET+.
Also unknown is if the iconic Paramount lot is part of the offer, which houses so much of Paramount’s studio production. When reached by IndieWire, a Paramount Global rep had no comment. Reps for Apollo did not return a request for comment.
Redstone is “unconvinced” by the offer,...
- 3/21/2024
- by Brian Welk and Tony Maglio
- Indiewire
Paramount Global shares, which soared Wednesday on news that Apollo had made an $11 billion offer for Paramount Pictures, has slumped today after a report splashed cold water on the scenario.
Shares in the media company had dropped 5% by mid-day, to below $12, after the Financial Times reported that controlling shareholder Shari Redstone is “unconvinced” by the private equity offer. Apollo’s offer, which valued just the studio at more than the entirety of Paramount Global, pushed the stock up 12% on Wednesday. Redstone has long regarded the studio, which was a cherished asset of her father, Sumner Redstone, as the centerpiece for Paramount and a deal without the studio could be far trickier to engineer.
Reps for Redstone and Paramount did not immediately respond to Deadline’s requests for comment.
Redstone, whose National Amusements controls more than three-quarters of the voting shares in Paramount, is looking more favorably on a competing offer...
Shares in the media company had dropped 5% by mid-day, to below $12, after the Financial Times reported that controlling shareholder Shari Redstone is “unconvinced” by the private equity offer. Apollo’s offer, which valued just the studio at more than the entirety of Paramount Global, pushed the stock up 12% on Wednesday. Redstone has long regarded the studio, which was a cherished asset of her father, Sumner Redstone, as the centerpiece for Paramount and a deal without the studio could be far trickier to engineer.
Reps for Redstone and Paramount did not immediately respond to Deadline’s requests for comment.
Redstone, whose National Amusements controls more than three-quarters of the voting shares in Paramount, is looking more favorably on a competing offer...
- 3/21/2024
- by Dade Hayes
- Deadline Film + TV
Paramount will have to seriously consider this latest bid to purchase some of its assets.
There’s seemingly too much smoke around Paramount and its discussions with other companies regarding mergers and acquisitions for it not to eventually lead to some fire. The Wall Street Journal is stoking those flames yet again by reporting that Apollo Global Management is offering $11 billion to acquire Paramount’s TV and movie studio, which is more than the market capitalization of the entire Paramount Global company, which also includes multiple TV channels, merchandising, and more.
Key Details: Apollo’s interest in Paramount was first reported earlier in March. Acquiring just Paramount’s studios would allow Apollo to sidestep regulatory concerns regarding CBS. Paramount is still mulling an offer from David Ellison of Skydance Media, as well. Get 30 Days Free $5.99+ / month paramountplus.com
For a Limited Time, Get a Month of Paramount+ With Code: Stallone.
There’s seemingly too much smoke around Paramount and its discussions with other companies regarding mergers and acquisitions for it not to eventually lead to some fire. The Wall Street Journal is stoking those flames yet again by reporting that Apollo Global Management is offering $11 billion to acquire Paramount’s TV and movie studio, which is more than the market capitalization of the entire Paramount Global company, which also includes multiple TV channels, merchandising, and more.
Key Details: Apollo’s interest in Paramount was first reported earlier in March. Acquiring just Paramount’s studios would allow Apollo to sidestep regulatory concerns regarding CBS. Paramount is still mulling an offer from David Ellison of Skydance Media, as well. Get 30 Days Free $5.99+ / month paramountplus.com
For a Limited Time, Get a Month of Paramount+ With Code: Stallone.
- 3/21/2024
- by David Satin
- The Streamable
Shares in Paramount Global soared on Wednesday after details of an acquisition proposal by the private equity firm Apollo became public.
Paramount stock closed at $12.51 per share Wednesday, up nearly 12 percent for the day.
The Wall Street Journal reported that Apollo made an $11 billion offer just for Paramount’s film and television studio. That is higher than the company’s $7.7 billion market cap when the story was published, and the deal reportedly does not include Paramount’s other business lines, like CBS, BET or the former Viacom cable channels.
Paramount’s market cap after the stock surge was about $8.6 billion.
The fate of Paramount has been the talk of Hollywood in recent months, with a number of potential bidders circling the company, as well as National Amusements, the Redstone family company that has a controlling stake.
Gerry Cardinale of RedBird Capital and David Ellison of Skydance have held talks with...
Paramount stock closed at $12.51 per share Wednesday, up nearly 12 percent for the day.
The Wall Street Journal reported that Apollo made an $11 billion offer just for Paramount’s film and television studio. That is higher than the company’s $7.7 billion market cap when the story was published, and the deal reportedly does not include Paramount’s other business lines, like CBS, BET or the former Viacom cable channels.
Paramount’s market cap after the stock surge was about $8.6 billion.
The fate of Paramount has been the talk of Hollywood in recent months, with a number of potential bidders circling the company, as well as National Amusements, the Redstone family company that has a controlling stake.
Gerry Cardinale of RedBird Capital and David Ellison of Skydance have held talks with...
- 3/20/2024
- by Alex Weprin
- The Hollywood Reporter - Movie News
Shares of Paramount Global popped in afternoon trade on a report that Apollo Global has made an $11 billion bid for the company’s film and TV studio. The private equity giant has been in and out of the mix of suitors, which also include David Ellison’s Skydance Media and Byron Allen.
The stock heading into market close is up over 11% at $12.48 in heavier than usual volume. That’s still half of where it was a year ago as the company battles streaming losses and high debt. It’s been a takeover target for months now without any deal.
The WSJ cited people familiar with the situation saying the board is reviewing the Apollo offer. Deadline has heard that Ellison has fielded a bid for the whole company but no details. There’s been speculation out there by some industry sources that Larry Ellison would never back a money-losing proposition such as Paramount.
The stock heading into market close is up over 11% at $12.48 in heavier than usual volume. That’s still half of where it was a year ago as the company battles streaming losses and high debt. It’s been a takeover target for months now without any deal.
The WSJ cited people familiar with the situation saying the board is reviewing the Apollo offer. Deadline has heard that Ellison has fielded a bid for the whole company but no details. There’s been speculation out there by some industry sources that Larry Ellison would never back a money-losing proposition such as Paramount.
- 3/20/2024
- by Jill Goldsmith and Anthony D'Alessandro
- Deadline Film + TV
Apollo Global Management, a major private-equity firm, has submitted an $11 billion bid to acquire Paramount Pictures and the Paramount TV studios group, according to a published report.
The Wall Street Journal, citing anonymous sources, reported that Apollo Global offered $11 billion for Paramount Global’s film and TV studio business. That would apparently not include CBS, Paramount Global’s cable networks like BET, Comedy Central, Nickelodeon and MTV, or the streaming business unit that includes Paramount+ and Pluto TV.
Apollo’s reported offer for Paramount’s studio operations is greater than the market capitalization of Paramount Global in its entirety ($7.3 billion as of March 19). The proposed transaction may include some assumption of Paramount Global’s long-term debt (which stood at $14.6 billion at the end of 2023).
Shares of Paramount Global closed up 11.8% Wednesday on the Journal report, to $12.51/per share, boosting its market cap to nearly $8.7 billion. The stock remains well below its 52-week high of $24/share.
The Wall Street Journal, citing anonymous sources, reported that Apollo Global offered $11 billion for Paramount Global’s film and TV studio business. That would apparently not include CBS, Paramount Global’s cable networks like BET, Comedy Central, Nickelodeon and MTV, or the streaming business unit that includes Paramount+ and Pluto TV.
Apollo’s reported offer for Paramount’s studio operations is greater than the market capitalization of Paramount Global in its entirety ($7.3 billion as of March 19). The proposed transaction may include some assumption of Paramount Global’s long-term debt (which stood at $14.6 billion at the end of 2023).
Shares of Paramount Global closed up 11.8% Wednesday on the Journal report, to $12.51/per share, boosting its market cap to nearly $8.7 billion. The stock remains well below its 52-week high of $24/share.
- 3/20/2024
- by Todd Spangler
- Variety Film + TV
The front of the Paramount Pictures studios in Los Angeles, California. (Stock image by Hannah Wernecke via Unsplash)
Private equity group Apollo Global Management has offered National Amusements $11 billion to acquire Paramount Global’s film and television studio business, according to a report.
The report, published by the Wall Street Journal on Wednesday, said the offer comes at a time when National Amusements is reviewing an additional offer from Skydance Media to consolidate its business with Paramount in total, a deal that would include its broadcast and cable networks.
Paramount’s studio business would include some of the industry’s top intellectual property, including “SpongeBob SquarePants,” “Paw Patrol,” “Top Gun” and “Star Trek.” Divorcing the intellectual property arm from Paramount’s broadcast and cable networks could devalue the latter even more, making them difficult to offload to a premium seller later.
It was not clear how closely Paramount was weighing Apollo Global’s offer.
Private equity group Apollo Global Management has offered National Amusements $11 billion to acquire Paramount Global’s film and television studio business, according to a report.
The report, published by the Wall Street Journal on Wednesday, said the offer comes at a time when National Amusements is reviewing an additional offer from Skydance Media to consolidate its business with Paramount in total, a deal that would include its broadcast and cable networks.
Paramount’s studio business would include some of the industry’s top intellectual property, including “SpongeBob SquarePants,” “Paw Patrol,” “Top Gun” and “Star Trek.” Divorcing the intellectual property arm from Paramount’s broadcast and cable networks could devalue the latter even more, making them difficult to offload to a premium seller later.
It was not clear how closely Paramount was weighing Apollo Global’s offer.
- 3/20/2024
- by Matthew Keys
- The Desk
Paramount Global stock surged on Wednesday after a report said private equity company Apollo Global Management has made an $11bn offer for the media conglomerate’s film and TV studio.
News of the latest suitor was first reported by The Wall Street Journal and sent shares in Paramount Global stock soaring by nearly 12% as the price reached $12.51 after hours. Market cap climbed to $8.66bn.
Paramount Global’s value has plummeted from $21.25 exactly one year ago and $23.44 last May. The fact that a suitor values the film and TV studio more than $2bn above the current market cap of its media conglomerate parent is telling.
News of the latest suitor was first reported by The Wall Street Journal and sent shares in Paramount Global stock soaring by nearly 12% as the price reached $12.51 after hours. Market cap climbed to $8.66bn.
Paramount Global’s value has plummeted from $21.25 exactly one year ago and $23.44 last May. The fact that a suitor values the film and TV studio more than $2bn above the current market cap of its media conglomerate parent is telling.
- 3/20/2024
- ScreenDaily
The Weather Channel app on a smart TV. (Courtesy image)
Customers of Charter Communication’s Spectrum TV service will get complementary access to The Weather Channel’s streaming TV app if their plan includes the climate-focused network on cable TV.
The perk is part of a new multi-year agreement between Charter and The Weather Channel’s majority owner Allen Media Group, which extends distribution of other Allen Media-owned channels like The Grio, Justice Central, Cars.TV and several local television stations across the country.
“We are delighted to continue growing our relationship with Charter Communications,” Byron Allen, the founder, Chairman and CEO of Allen Media Group, said in a statement. “Charter / Spectrum has been a phenomenal partner to our television networks and our broadcast television stations, and we look forward to prospering from this mutually-beneficial arrangement for years to come.”
The Weather Channels’ streaming TV app offers live access to the...
Customers of Charter Communication’s Spectrum TV service will get complementary access to The Weather Channel’s streaming TV app if their plan includes the climate-focused network on cable TV.
The perk is part of a new multi-year agreement between Charter and The Weather Channel’s majority owner Allen Media Group, which extends distribution of other Allen Media-owned channels like The Grio, Justice Central, Cars.TV and several local television stations across the country.
“We are delighted to continue growing our relationship with Charter Communications,” Byron Allen, the founder, Chairman and CEO of Allen Media Group, said in a statement. “Charter / Spectrum has been a phenomenal partner to our television networks and our broadcast television stations, and we look forward to prospering from this mutually-beneficial arrangement for years to come.”
The Weather Channels’ streaming TV app offers live access to the...
- 3/14/2024
- by Matthew Keys
- The Desk
Paramount Global has agreed to sell its 13 percent stake in Indian media company Viacom18 to Reliance Industries.
The sale price is approximately $517 million, according to a new securities filing. Reliance, a multinational conglomerate, is already the majority shareholder in Viacom18.
Existing properties at Viacom18 include streaming service JioCinema and channels including Colors, Comedy Central and MTV.
In late February, Disney inked a deal with Reliance Industries to form a joint venture that brings together Reliance’s Viacom18 and Disney’s Star India.
Under the terms of that deal, Reliance will invest $1.4 billion into the Jv, which is valued at $8.5 billion. Disney will provide a content license to the Jv, and “may also contribute certain additional media assets to the Jv, subject to regulatory and third-party approvals,” the company says. The Jv will also have the exclusive right to distribute Disney films and productions in India.
The closing of Paramount’s...
The sale price is approximately $517 million, according to a new securities filing. Reliance, a multinational conglomerate, is already the majority shareholder in Viacom18.
Existing properties at Viacom18 include streaming service JioCinema and channels including Colors, Comedy Central and MTV.
In late February, Disney inked a deal with Reliance Industries to form a joint venture that brings together Reliance’s Viacom18 and Disney’s Star India.
Under the terms of that deal, Reliance will invest $1.4 billion into the Jv, which is valued at $8.5 billion. Disney will provide a content license to the Jv, and “may also contribute certain additional media assets to the Jv, subject to regulatory and third-party approvals,” the company says. The Jv will also have the exclusive right to distribute Disney films and productions in India.
The closing of Paramount’s...
- 3/13/2024
- by Caitlin Huston
- The Hollywood Reporter - Movie News
Apollo is a private equity firm that could end up pursuing some or all of Paramount’s assets, including streamers like Paramount+.
While there haven’t been any official statements, Paramount is still listening to offers behind the scenes. That’s confirmed by a new report from Axios, which reveals that a special committee formed by Paramount has been contacted about a possible takeover by the private equity firm Apollo Global Management. The news makes Apollo the fourth entity to have publicly reported interest in getting its hands on at least some of Paramount’s assets.
Apollo could pursue a full acquisition of Paramount or just some of the items on its list of assets. The firm could see pushback from regulators thanks to local CBS stations if talks proceed. Warner Bros. Discovery, billionaire media mogul Byron Allen, and a group led by Skydance Media’s David Ellison have also shown varying degrees of interest.
While there haven’t been any official statements, Paramount is still listening to offers behind the scenes. That’s confirmed by a new report from Axios, which reveals that a special committee formed by Paramount has been contacted about a possible takeover by the private equity firm Apollo Global Management. The news makes Apollo the fourth entity to have publicly reported interest in getting its hands on at least some of Paramount’s assets.
Apollo could pursue a full acquisition of Paramount or just some of the items on its list of assets. The firm could see pushback from regulators thanks to local CBS stations if talks proceed. Warner Bros. Discovery, billionaire media mogul Byron Allen, and a group led by Skydance Media’s David Ellison have also shown varying degrees of interest.
- 3/12/2024
- by David Satin
- The Streamable
Timed to SXSW, Freestyle Digital Media has picked up the North American rights to the music-driven documentary Finding Lucinda.
Directed by Joel Fendelman, the road movie follows singer-songwriter Ismay, also known as Avery Hellman, on a quest to track down her hero and music icon Lucinda Williams and the people and places that shaped her early career. The doc, which premiered at the Sidewalk Film Festival in Birmingham, is set for a fall 2024 release by the digital film distribution division of Byron Allen’s Allen Media Group.
Finding Lucinda features interviews with Charlie Sexton — who played with Williams when he was 11 years old and she was a little-known songwriter in Austin — Buddy Miller, Mary Gauthier, Josh Baca and Max Baca of Los Texmaniacs, Wolf Stephenson and John Grimaudo, Williams’ guitarist from her first record.
The film was written by Fendelman and Hellman, and produced by Liz McBee, Chuck Prophet and Jennifer Steinman Sternin.
Directed by Joel Fendelman, the road movie follows singer-songwriter Ismay, also known as Avery Hellman, on a quest to track down her hero and music icon Lucinda Williams and the people and places that shaped her early career. The doc, which premiered at the Sidewalk Film Festival in Birmingham, is set for a fall 2024 release by the digital film distribution division of Byron Allen’s Allen Media Group.
Finding Lucinda features interviews with Charlie Sexton — who played with Williams when he was 11 years old and she was a little-known songwriter in Austin — Buddy Miller, Mary Gauthier, Josh Baca and Max Baca of Los Texmaniacs, Wolf Stephenson and John Grimaudo, Williams’ guitarist from her first record.
The film was written by Fendelman and Hellman, and produced by Liz McBee, Chuck Prophet and Jennifer Steinman Sternin.
- 3/11/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Get ready for an exciting episode of “Entertainers: With Byron Allen” as Episode 6 hits the airwaves on ABC. This week’s lineup is packed with star-studded guests and captivating interviews that are sure to keep viewers entertained.
First up, acclaimed actress Regina King sits down with Byron Allen to discuss her latest project, “Shirley,” offering insights into her craft and experiences in the industry. Then, heartthrob Timothée Chalamet joins the conversation to talk about his role in “Dune: Part Two” and his rising stardom in Hollywood.
Next, the cast of “Drive-Away Dolls” takes center stage, giving viewers a behind-the-scenes look at the making of their hit show. Joining them are Tamsin Greig, Martin Scorsese, Beau Bridges, and other special guests, who share their stories and insights into the world of entertainment.
Additionally, comedians Justine Marino and Brandon Delsid bring the laughs with their witty banter and hilarious anecdotes. And don...
First up, acclaimed actress Regina King sits down with Byron Allen to discuss her latest project, “Shirley,” offering insights into her craft and experiences in the industry. Then, heartthrob Timothée Chalamet joins the conversation to talk about his role in “Dune: Part Two” and his rising stardom in Hollywood.
Next, the cast of “Drive-Away Dolls” takes center stage, giving viewers a behind-the-scenes look at the making of their hit show. Joining them are Tamsin Greig, Martin Scorsese, Beau Bridges, and other special guests, who share their stories and insights into the world of entertainment.
Additionally, comedians Justine Marino and Brandon Delsid bring the laughs with their witty banter and hilarious anecdotes. And don...
- 3/10/2024
- by Jules Byrd
- TV Everyday
Exclusive: Freestyle Digital Media, the digital film distribution division of Byron Allen’s Allen Media Group, has acquired North American rights to the romantic comedy The Zombie Wedding. The film is based on the eponymous interactive play and is the first title to launch the Weekly World News IP-driven studio slate of movie projects. Freestyle Digital Media is planning a fall 2024 release date.
The Zombie Wedding tells the story of what happens when a young New Jersey couple decides to go through with their dream wedding during the zombie apocalypse. Unfortunately, the bride is a human and the groom is a zombie. Both families are fearful, but the humans’ behavior is downright beastly. When the Zombies become brain-deprived, the ceremony takes a turn for the weird. Weekly World News reporters cover this wild, wacky wedding – while trying to get out alive.
Written by Greg D’Alessandro, The Zombie Wedding was directed...
The Zombie Wedding tells the story of what happens when a young New Jersey couple decides to go through with their dream wedding during the zombie apocalypse. Unfortunately, the bride is a human and the groom is a zombie. Both families are fearful, but the humans’ behavior is downright beastly. When the Zombies become brain-deprived, the ceremony takes a turn for the weird. Weekly World News reporters cover this wild, wacky wedding – while trying to get out alive.
Written by Greg D’Alessandro, The Zombie Wedding was directed...
- 3/9/2024
- by Bruce Haring
- Deadline Film + TV
Paramount has engaged in sale discussions with Reliance Industries Ltd., which also purchased a majority of Disney’s Star operations this year.
Reliance Industries Ltd. is continuing its wheeling and dealing. A new report from Bloomberg indicates that Paramount has opened discussions with the Indian media conglomerate regarding its 13% stake in Viacom18, an Indian media joint venture. If the deal closes, it would increase the clout of Reliance, which is already one of India’s top media firms.
Paramount could garner as much as $550 million from the sale of its stake in Viacom18. Reliance purchased a majority stake in Disney’s Star operations earlier this year. The move is Paramount’s latest effort to cut costs ahead of possibly being acquired. Get 30 Days Free $5.99+ / month paramountplus.com
For a Limited Time, Get a Month of Paramount+ With Code: HUJQ6R.
Bloomberg’s report indicates that no deal is in place...
Reliance Industries Ltd. is continuing its wheeling and dealing. A new report from Bloomberg indicates that Paramount has opened discussions with the Indian media conglomerate regarding its 13% stake in Viacom18, an Indian media joint venture. If the deal closes, it would increase the clout of Reliance, which is already one of India’s top media firms.
Paramount could garner as much as $550 million from the sale of its stake in Viacom18. Reliance purchased a majority stake in Disney’s Star operations earlier this year. The move is Paramount’s latest effort to cut costs ahead of possibly being acquired. Get 30 Days Free $5.99+ / month paramountplus.com
For a Limited Time, Get a Month of Paramount+ With Code: HUJQ6R.
Bloomberg’s report indicates that no deal is in place...
- 3/8/2024
- by David Satin
- The Streamable
Paramount’s top financial executive Naveen Chopra would not comment on M&a talks, except to say the company was always looking to create value for shareholders.
Paramount executives are well aware that merger and acquisition talks around the company have been fairly constant since December. Company CFO Naveen Chopra had the chance to discuss those reports directly at the 2024 Morgan Stanley Technology, Media and Telecom conference, and while he did not exactly offer a denial that the company was up for sale, he was more interested in discussing its plans to achieve domestic streaming profitability for Paramount+ by 2025.
Chopra would not comment in detail on talks that Paramount might be acquired by another company. Customers should expect Paramount+ to increase prices in the future, but likely not in 2024. Viewers should expect more streaming titles from Paramount+ to end up on Paramount-owned cable channels in the future. Get 30 Days Free $5.99+ / month paramountplus.
Paramount executives are well aware that merger and acquisition talks around the company have been fairly constant since December. Company CFO Naveen Chopra had the chance to discuss those reports directly at the 2024 Morgan Stanley Technology, Media and Telecom conference, and while he did not exactly offer a denial that the company was up for sale, he was more interested in discussing its plans to achieve domestic streaming profitability for Paramount+ by 2025.
Chopra would not comment in detail on talks that Paramount might be acquired by another company. Customers should expect Paramount+ to increase prices in the future, but likely not in 2024. Viewers should expect more streaming titles from Paramount+ to end up on Paramount-owned cable channels in the future. Get 30 Days Free $5.99+ / month paramountplus.
- 3/7/2024
- by David Satin
- The Streamable
It’s a new year for Paramount Global, but the company has not been able to leave its troubles in 2023 as it would undoubtedly have liked. The company faces myriad struggles in 2024, and they were all put into focus with the release of Paramount’s fourth quarter 2023 earnings report.
Within the report, Paramount revealed that it had gained 4.5 million streaming subscribers on Paramount+ between the start of October and the end of December, leading to a current total of 67.5 million. At the end of Q3 2023, Paramount+ had 63 million paid subscribers. This represents a 7.14% increase in subscribers over the previous quarter and a 20.75% jump year-over-year.
Paramount declined to provide details on the total users of its free ad-supported streaming service Pluto TV but noted that its two primary streamers increased their combined global viewing hours by 27% during the quarter.
Get 30 Days Free $5.99+ / month paramountplus.com
For a Limited Time, Get a...
Within the report, Paramount revealed that it had gained 4.5 million streaming subscribers on Paramount+ between the start of October and the end of December, leading to a current total of 67.5 million. At the end of Q3 2023, Paramount+ had 63 million paid subscribers. This represents a 7.14% increase in subscribers over the previous quarter and a 20.75% jump year-over-year.
Paramount declined to provide details on the total users of its free ad-supported streaming service Pluto TV but noted that its two primary streamers increased their combined global viewing hours by 27% during the quarter.
Get 30 Days Free $5.99+ / month paramountplus.com
For a Limited Time, Get a...
- 2/28/2024
- by David Satin
- The Streamable
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