The Latest Breaking News from Paramount Global

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.72%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.37%. Stock indexes Thursday closed moderately lower, with the S&P...

The major market indexes closed lower Thursday as chaos in the banking industry continued.

Likelihood to convert up 11%

LOS ANGELES — Amazon Studios' big-budget spy thriller "Citadel" is set to become the highest-spending TV production to relocate to California in the history of the state's film and TV tax incentive program, as the technology behemoth shifts production from Britain for the show's second season.

WGA union argues companies have ‘leveraged the streaming transition to underpay writers’

President Stephen Espinoza says programmer will remain aggressive in combat-sports arena

Streaming stocks faced a rough year in 2022 as subscriber growth slowed amid concerns about high inflation and macro uncertainties. Therefore, it could be wise to avoid fundamentally weak streaming stocks Warner Bros. (WBD), Paramount Global (PARA), and World Wrestling (WWE), given their weak fundamentals. Read more….

Producer and star Tyler Perry has expressed interest in buying a majority stake in BET as the television network's owner, Paramount Global, looks to bring on a substantial partner, according to two people familiar with the matter who were not authorized to comment.

Paramount Global has agreed to pay $122.5 million to settle a 3-year-old lawsuit brought by several large investment funds that believed the company pushed through the 2019 merger of Viacom and CBS at the expense of minority shareholders.