Barrons.com • 8 hours ago
Two Chinese companies are making a $1 billion investment in Paramount Pictures, a division of Viacom. Paramount, the storied studio that produced Breakfast at Tiffany’s and the Indiana Jones series, has fallen on hard times. As recently as 2010, Paramount got 16% of the U.S. box office.
TheStreet.com • 12 hours ago
The media company will retain full control of Paramount Pictures after China's Shanghai Film Group and Huahua Media agreed to co-finance future films from the beleaguered Hollywood studio.
Reuters • yesterday
Viacom Inc's Paramount Pictures will receive a $1 billion cash investment from two Chinese film companies, Shanghai Film Group (SFG) and Huahua Media, giving the U.S. studio much-needed cash and support as it attempts to grow. As part of the agreement, SFG and Huahua Media will finance a combined 25 percent of all of Paramount's films for the next three years, with the option to extend to a fourth year, a source familiar with the situation said. The deal comes as parent company Viacom focuses on a turnaround plan under new Chief Executive Officer Bob Bakish.
The Wall Street Journal • yesterday
A $1 billion financing deal with two Chinese firms promises Viacom Inc.’s struggling Paramount Pictures some much-needed funds and a foothold in the world’s second-largest box-office market.
Reuters • yesterday
Viacom Inc's Paramount Pictures will receive a $1 billion cash investment from two Chinese film companies, Shanghai Film Group and Huahua Media, giving the U.S. studio needed cash and stability as it attempts to grow. As part of the agreement, Shanghai Film Group and Huahua Media will finance a combined 25 percent of all Paramount's films for the next three years, with the option to extend it to a fourth year, according to a source familiar with the situation.
American City Business Journals • yesterday
Five months after former Viacom CEO Philippe Dauman’s plan to sell almost half of Paramount Pictures to a Chinese company cost him his job, the Hollywood studio has signed a three-year deal worth a potential $1 billion with Shanghai Film Group Corp. and Huahua Media in Bejing. Under the agreement, which was finalized in November, the two Chinese companies will co-finance at least 25 percent of Paramount’s slate, including this weekend’s “xXx: Return of Xander Cage” starring Vin Diesel. Future titles covered by agreement include a thriller starring Jennifer Lawrence and directed by Darren Araonofsky, “Ghost in the Shell” starring Scarlett Johansson, and the animated family film “Amusement Park” as well as future installments in the “Transformers” and “Mission: Impossible” franchises and new “Top Gun” and “World War Z” movies.
The Wall Street Journal • 2 days ago
Sumner Redstone’s ex-girlfriend has asked a California court to appoint an independent doctor to assess his health and, if he lacks mental capacity, appoint a guardian for him, according to documents filed ...
Associated Press • 5 days ago
NEW YORK (AP) — Labors of love, one from Martin Scorsese, the other from Ben Affleck, proved costly at a casualty strewn weekend box office where the uplifting NASA drama "Hidden Figures" stayed on top for the second straight week.
VIA : Summary for Viacom Inc. - Yahoo Finance
Viacom, Inc. (VIA)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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|Day's Range||43.20 - 44.55|
|52 Week Range||33.88 - 50.81|
|PE Ratio (TTM)||12.28|
|Dividend & Yield||0.80 (1.85%)|
|1y Target Est||50.00|