Previous Close | 12.64 |
Open | 12.73 |
Bid | 0.00 x 3200 |
Ask | 0.00 x 4000 |
Day's Range | 12.21 - 12.72 |
52 Week Range | 12.21 - 25.93 |
Volume | |
Avg. Volume | 11,457,580 |
Market Cap | 8.37B |
Beta (5Y Monthly) | 1.68 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -2.48 |
Earnings Date | Oct 31, 2023 - Nov 06, 2023 |
Forward Dividend & Yield | 0.20 (1.50%) |
Ex-Dividend Date | Sep 14, 2023 |
1y Target Est | 17.92 |
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After 146 days, WGA has reached a tentative deal with Hollywood studios, which is one of the steps need to get film and television production going again. Needham & Co. Senior Analyst Laura Martin explains how strikes could impact the volume of content that streaming services produce. “Wall Street is demanding they.. move to profitability faster,” Martin says. For streamers, this could mean cutting down seasons by filming fewer episodes—“less content spending”, as Martin notes. Martin expects consolidation in the industry, which will help “get rid of duplicative costs.” In regards to smaller streamers, Martin states that due to large competitors such as Amazon (AMZN) and Netflix (NFLX) “there’s no advantage to being small.” For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The labor strikes that have crippled Hollywood for the last five months may finally be coming to an end. A [tentative deal](https://www.wsj.com/business/media/hollywood-writers-reach-agreement-with-studios-streamers-to-end-strike-57fb5dd?mod=hp_lead_pos5) between the Writers Guild of America and the Alliance of Motion Picture and Television Producers was announced Sunday night. The deal is still being finalized and will need to be ratified by union members, and a separate deal still needs to be reached with the Screen Actors Guild before [production on most TV shows and movies](https://www.wsj.com/articles/streaming-brought-hollywood-to-a-standstill-now-comes-the-pain-3afcbb68) can resume.
Unpacking the Risks and Rewards of Investing in Paramount Global