- Barrons.com•18 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•22 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.
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.
VIA : Summary for Viacom Inc. - Yahoo Finance
Viacom, Inc. (VIA)
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|Day's Range||43.20 - 44.55|
|52 Week Range||33.88 - 50.81|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||12.28|
|Dividend & Yield||0.80 (1.85%)|
|1y Target Est||N/A|