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1. www.reuters.com › business › warren-buffett-saysWarren Buffett says Berkshire sold entire Paramount stake at ...

   www.reuters.com › business › warren-buffett-says

   May 4, 2024 · NEW YORK, May 4 (Reuters) - Warren Buffett said on Saturday that Berkshire Hathaway (BRKa.N) sold its entire holding in media and entertainment company Paramount Global (PARA.O) at a loss and he ...

2. www.hollywoodreporter.com › business › business-newsWarren Buffett Sells All Paramount Stock, Takes Huge Loss

   www.hollywoodreporter.com › business › business-news

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   May 4, 2024 · Warren Buffett Has Sold His Paramount Stock: “We Sold it All, and We Lost Quite a Bit of Money”. The famed investor was the largest shareholder in Paramount's non-voting stock and took a steep ...

   • Author: Alex Weprin

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4. www.ft.com › content › ead41458-915a-47d0-b49b-be0fParamount: the takeover battle that could reshape Hollywood

   www.ft.com › content › ead41458-915a-47d0-b49b-be0f

   May 16, 2024 · There are fears in Hollywood that Apollo, the private equity group bidding $26bn for Paramount’s assets alongside Sony, could sell the Melrose property if its offer is accepted. Apollo says it ...

5. www.indiewire.com › news › analysisParamount as We Know It Has 2 Years Left, at Most — Analyst

   www.indiewire.com › news › analysis

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   Jun 22, 2023 · Equity analyst Steven Cahall of bank Wells Fargo gives Paramount Corp. another “1-2 years” of throwing “good money… after bad,” chasing a streaming profit that may never come, and riding ...

6. www.promarket.org › 2022/12/12 › the-paramountThe Paramount Decrees and the Deregulation of Hollywood ...

   www.promarket.org › 2022/12/12 › the-paramount

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   Dec 12, 2022 · The Paramount Decrees were the result of a 1948 Supreme Court decision in United States vs. Paramount Pictures, Inc. in which the Court ordered the divestment of major studios from their cinemas and established a landmark antitrust decision for the motion picture industry. The Decrees were formally repealed in August 2020 with a sunsetting ...

7. www.latimes.com › entertainment-arts › businessTech scion David Ellison's Skydance Media gains control of ...

   www.latimes.com › entertainment-arts › business

   Jul 8, 2024 · July 7, 2024 Updated8:58 PM PT. Tech scion David Ellison’s months-long quest to win control of Paramount Global crossed the finish line Sunday, in a deal that marks a new chapter for the long ...

8. People also ask

   Did Warren Buffett sell Paramount global?

   • REUTERS/Mario Anzuoni/File Photo Purchase Licensing Rights NEW YORK, May 4 (Reuters) - Warren Buffett said on Saturday that Berkshire Hathaway (BRKa.N) sold its entire holding in media and entertainment company Paramount Global (PARA.O) at a loss and he took sole responsibility for the decision.

   Warren Buffett says Berkshire sold entire Paramount stake at a loss

   www.reuters.com/business/warren-buffett-says-berkshire-sold-entire-paramount-holdings-loss-2024-05-04/

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   What happened to Paramount Entertainment?

   • Paramount’s predicament has been a decade in the making. After the entertainment industry consolidated through a series of megamergers — Comcast and Universal in 2011, Disney and Fox in 2019, Warner and Discovery in 2022 — Paramount emerged a smaller player in this new landscape.

   Paramount: the takeover battle that could reshape Hollywood

   www.ft.com/content/ead41458-915a-47d0-b49b-be0f4236e303

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   What happened to Paramount Pictures?

   • Simply sign up to the Media myFT Digest -- delivered directly to your inbox. Over its 98-year history, the Paramount Pictures studio lot has survived the arrival of talking pictures, bankruptcy, the Depression, the rise of TV and a range of different owners.

   Paramount: the takeover battle that could reshape Hollywood

   www.ft.com/content/ead41458-915a-47d0-b49b-be0f4236e303

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   Why did Paramount cut its dividend last year?

   • Paramount also slashed its dividend last year so that it could invest in streaming. In recent months the company has been embroiled in sale talks, with an exclusive negotiating window with a consortium led by David Ellison’s Skydance having just ended, and a new proposal from Apollo and Sony on the table.

   Warren Buffett Sells All Paramount Stock, Takes Huge Loss

   www.hollywoodreporter.com/business/business-news/warren-buffett-sells-paramount-stock-huge-loss-1235831979/

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   Who owns Paramount Pictures?

   • The Redstones’ voting stock in Paramount will be transferred to Skydance, giving Ellison, son of billionaire Oracle Corp. co-founder Larry Ellison — a key backer of the deal — control of a media operation that includes Paramount Pictures, broadcast network CBS and cable channels MTV, Comedy Central and Nickelodeon.

   Tech scion David Ellison's Skydance Media gains control of Paramount

   www.latimes.com/entertainment-arts/business/story/2024-07-07/david-ellison-paramount-deal-shari-redstone

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   Who owns Paramount Entertainment?

   • Berkshire surprised Wall Street when it disclosed a $2.6 billion stake in Paramount in May 2022. Later that year, it added even more shares, ultimately becoming the largest shareholder in the company (or at least its non-voting shares, with Shari Redstone and the Redstone family’s National Amusements controlling a majority of its voting shares).

   Warren Buffett Sells All Paramount Stock, Takes Huge Loss

   www.hollywoodreporter.com/business/business-news/warren-buffett-sells-paramount-stock-huge-loss-1235831979/

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9. www.latimes.com › entertainment-arts › businessParamount is for sale. Who's buying and why? - Los Angeles Times

   www.latimes.com › entertainment-arts › business

   Feb 2, 2024 · Jan. 31, 2024. This week, another possible contender has entered the chat: Allen, who submitted a $14.3-billion bid to purchase all of Paramount Global’s outstanding shares . Allen’s offer of ...