Paramount Global (0A65.L)
| Previous close | 25.77 |
| Open | 25.77 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 23.78 - 25.14 |
| 52-week range | 12.85 - 25.92 |
| Volume | |
| Avg. volume | 22,175 |
| Market cap | N/A |
| Beta (5Y monthly) | 1.80 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Yahoo Finance
Netflix is doubling down on India as its competitors back away
India brought in the second-highest net subscriber additions for Netflix in the second quarter.
- Yahoo Finance Video
Small caps, biggest themes in the media landscape: Catalysts
On today's episode of Catalysts, hosts Seana Smith and Madison Mills break down major market trends from the rise of small-cap stocks to the mergers and acquisitions activity within the media industry. The Russell 2000 (^RUT) has risen by more than 10% in the last five trading sessions, marking the longest streak of gains for the small-cap index since April 2020. MAI Capital Management chief equity strategist Chris Grisanti believes that small caps are still "underpriced" despite the Russell 2000 having "its biggest move in terms of standard deviations that we've seen in more than 30 years over the last week." He adds that small-cap stocks are cheap buying opportunities: "I don't think it's too late to initiate positions if you haven't already." Retail stocks are on the move as shares of Five Below (FIVE) sink nearly 20% after the retailer announced its CEO Joel Anderson is resigning. The retailer also lowered its second quarter guidance. Meanwhile, shares of Vans parent company VF Corporation (VFC) are jumping on reports that the apparel company will be selling its Supreme brand to European eyewear brand EssilorLuxottica (EL.PA, ESLOY) for $1.5 billion. Paramount Global's (PARA, PARAA) plans to merge with Skydance Media have left investors pondering whether more M&A deals could be in the media landscape's future. As part of this week's Media, Streaming, & Investing: What's Next special, Market Domination host Josh Lipton breaks down analysts' forecasts for mergers and acquisitions in the media industry and the potential headwinds media companies face as the 2024 presidential election nears. LightShed Partners partner and media & technology analyst Rich Greenfield believes that "no major M&A would happen this year, and I think that's what played out," believing media M&A deals such as Paramount's merger with Skydance will be finalized in 2025 due to regulatory concerns. Catch more Yahoo Finance coverage on the media and streaming landscapes as part of this week's Media, Streaming, & Investing: What's Next special. This post was written by Melanie Riehl
- Yahoo Finance Video
Should media companies be so focused on M&A, consolidation?
Warner Bros Discovery CEO David Zaslav (WBD) made comments over "real consolidation" that will take place with media companies over the next few years. Streaming giants have faced many challenges lately with their subscription models but could there be more challenges for the industry ahead? LightShed Partners partner and media & technology analyst Rich Greenfield joins Catalysts for this week's Media, Streaming, & Investing: What's Next special to weigh in on the challenges major media companies face with consolidation. Greenfield begins by laying out the problem the older media companies are facing: "the amount of usage of applications like Peacock (CMCSA) or Paramount Plus (PARA) Plus or even Max pales in comparison to what is happening at Netflix (NFLX) let alone YouTube (GOOG, GOOGL)... Netflix and YouTube, represent over 45% of all time spent streaming on a television. That's just two players dominating. No one ever dominated linear TV the way Netflix and YouTube dominate streaming TV. And that's a huge problem." Greenfield holds firm to his forecast that "no major M&A would happen this year, and I think that's what played out," believing media M&A deals such as Paramount's merger with Skydance will be finalized in 2025 due to regulatory concerns. "In general, the Republican Party should be more pro-consolidation. Maybe not so much pro-tech... Obviously, former President Trump has certainly made some pretty aggressive comments about his feelings on Facebook and 'Zuckerbucks.' But, you know, the reality is I do think you're going to see forms of consolidation..." Catch more Yahoo Finance coverage on the media and streaming landscapes as part of this week's Media, Streaming, & Investing: What's Next special. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
