News
Paramount Global may be broken up in big sale
The future of Paramount Global hangs in the balance as rumors of a massive merger or acquisition swirl.
Reports indicate that Apollo Global, a private-equity firm, has tabled an $11 billion bid for Paramount’s Hollywood studios, sparking speculation about the fate of the media conglomerate.
Paramount Global, helmed by CEO, comprises three key segments: filmed entertainment, TV media, and direct-to-consumer streaming.
Analysts suggest that any potential sale, whether in its entirety or in parts, could significantly reshape the entertainment landscape.
Apollo makes $11 billion bid for Paramount’s Hollywood studio
The filmed entertainment arm, contributing 10% of the company’s revenue in 2023, includes Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, Awesomeness, and Miramax.
CBS and Paramount
Notably absent from this segment are Paramount Television Studios, CBS Studios, or Showtime/MTV Entertainment Studios, which fall under the TV media division.
If Apollo’s reported bid is solely for Paramount Global’s film and TV studio business, it would encompass a treasure trove of iconic titles and franchises, such as “Mission: Impossible,” “The Godfather” trilogy, and “Indiana Jones.”
However, uncertainty looms over whether the deal includes the television studios housed within the TV media group, which boasts popular shows like “Yellowstone” and “NCIS.”
The TV media division, Paramount Global’s largest segment, consists of CBS Television Network, CBS Stations, Paramount Media Networks, BET Media Group, international free-to-air networks, and various studios.
CBS is one of America’s top four networks.
Should a buyer acquire both the filmed entertainment and television studios, the remaining TV media division would include a robust portfolio of channels and platforms but might appear “hollow” without the studio business, according to analysts.
In the realm of direct-to-consumer streaming, Paramount+ (formerly Showtime), Pluto TV, and BET+ are the key assets. While a buyer might be interested in acquiring these assets, concerns persist about content ownership and rights complexities, particularly with franchises like “Mission: Impossible” having rights sold off to partners.
News
UPS cargo plane crashes in Kentucky, as death toll rises
UPS cargo plane crash in Kentucky kills four, injures 11, governor warns death toll may rise
UPS cargo plane crash in Kentucky kills four, injures 11, governor warns death toll may rise
– A UPS cargo plane crashed in Louisville, resulting in at least four deaths and 11 injuries.
– Investigations are underway, and all departing flights from the airport have been cancelled.
Several people with serious injuries are receiving treatment at nearby hospitals.
The crash affected two businesses in proximity to the airport: Kentucky Petroleum Recycling and Grade A Auto Parts. Grade A Auto Parts confirmed most employees were accounted for, although uncertainty remains regarding customer safety.
Nearby, a Ford Motor assembly plant lost power but was not directly impacted by the crash.
Emergency services have worked to contain a fire resulting from the incident, which required a significant number of responders. UPS has not confirmed details regarding its crew’s condition. Photographs showed the MD-11 engulfed in flames at the Louisville Muhammad Ali International Airport.
UPS operates its primary air cargo facility in Louisville, processing millions of packages daily. The plane’s fuel load of 38,000 gallons contributed to explosions that occurred upon impact with the businesses, prompting significant road closures.
Investigation Underway
The Federal Aviation Administration and the National Transportation Safety Board will conduct investigations into the crash.
In the aftermath, all departing flights from the airport have been cancelled, affecting major airlines including Delta Air Lines and American Airlines.
News
This may be the AI market correction, according to traders
US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.
US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.
US stocks have taken a sharp dive as investors grow nervous about stretched valuations and uneven earnings reports from tech giants. Major Wall Street banks, including Morgan Stanley and Goldman Sachs, are warning that the rally could be nearing a 10% correction – a wake-up call for traders betting on unstoppable market momentum.
Nvidia, the world’s most valuable public company, dropped nearly 4%, wiping out around $200 billion in market value. Meanwhile, Palantir slid 6%, dragging other AI and semiconductor names lower. Even gold — a traditional safe haven — dipped 1.6%, signaling widespread investor anxiety.
Bitcoin also broke below the $100,000 mark for the first time since June, underscoring how jittery markets have become. As earnings season unfolds and the US government shutdown looms, investors are questioning whether the bull run that lifted the S&P 35% since April has finally run out of steam.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#StockMarket #WallStreet #Nvidia #Bitcoin #AIStocks #MarketCorrection #TickerNews #Investing
News
Dick Cheney dies at 84: The end of an era in American power
Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.
Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.
Former U.S. Vice President Dick Cheney has died at the age of 84, marking the end of one of the most influential — and controversial — political careers in modern American history. Cheney served under four Republican presidents, most notably George W. Bush, where he became known as one of the most powerful vice presidents in U.S. history.
His family confirmed he passed away from complications related to pneumonia and heart disease. Cheney’s decades in Washington were defined by his hardline approach to national security and his role in shaping America’s response to the September 11 attacks.
Even after leaving office, Cheney remained a strong defender of his policies, particularly the 2003 invasion of Iraq. His passing leaves behind a complicated legacy — one that reshaped U.S. foreign policy and continues to influence Republican politics today.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#DickCheney #BreakingNews #USPolitics #IraqWar #WarOnTerror #RepublicanParty #TickerNews #WorldNews
-
Tech3 days agoXi proposes global AI governance at APEC summit
-
News2 days ago
Trump’s shock peace deal as Morocco and Algeria end fighting
-
Property2 days ago
Investors discover 25 top house markets for growth
-
News3 days ago
Ukraine targets and destroys key Russian fuel pipeline
-
News3 days ago
Wall St faces corporate earnings wave amid stock rally
-
Tech1 day ago
Tech giants’ $47 billion AI infrastructure deals announced
-
Leaders2 days ago
Businesses overlook global connectivity amidst rising AI investments
-
News5 days ago
How Gen Alpha are positioned to shape the future of education
