BURBANK, Calif.—Hundreds of writers across the Los Angeles area picketed at major entertainment studios again on May 17, calling for better wages and representation as the strike entered its third week—with no end in sight. The strike began on May 2 after negotiations broke down between the Writers Guild of America (WGA) and the Alliance…
Hollywood Writers Strike Enters 3rd Week With No End in Sight
May 17, 2023
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Paramount Gets Lift From ‘Top Gun’ but Streaming Losses a Drag
Paramount Global beat Wall Street expectations for quarterly revenue and profit on Thursday, powered by the May release of blockbuster Tom Cruise-starrer “Top Gun: Maverick” even as streaming subscriber growth slowed. The sequel to the 1986 action flick “Top Gun” surged past Disney’s Marvel adventure “Doctor Strange in the Multiverse of Madness” as the highest-grossing…
‘Top Gun’ Heirs Sue Paramount Over ‘Top Gun: Maverick’
The family of the author whose article inspired the 1986 Tom Cruise movie “Top Gun” on Monday sued Paramount Pictures for copyright infringement over this year’s blockbuster sequel “Top Gun: Maverick.” According to a complaint filed in Los Angeles federal court, the Paramount Global unit failed to reacquire the rights to Ehud Yonay’s 1983 article…
Is Paramount Global A Value Stock? Inside Berkshire Hathaway’s Purchase
Legendary value investor Warren Buffett took a stake in a leading media company in the first quarter. Could the purchase by Buffett signal placing multiple bets on the streaming wars or that the company is in the value stock territory? What Happened A 13F filing shows that Berkshire Hathaway Inc took a new $2.6 billion stake…
Boy Found at Paramount Homeless Encampment; Parents Sought
April 29, 2022
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PARAMOUNT, Calif.—The search was continuing on April 29 for the parents of a boy who was found in a Paramount homeless encampment. The boy, whose name is possibly Anthony, was found about 10 a.m. on April 28 with a man at the encampment located at the Los Angeles River near the Long Beach (710) and…
‘Paw Patrol’ Unleashed: Behind ViacomCBS’s Plan to Take on Disney
August 21, 2021
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When “Paw Patrol: The Movie” hits theaters and the Paramount+ streaming service on Friday, it will kick off one of ViacomCBS’ most ambitious efforts to take on Disney in the streaming wars. The release of the feature film based on the animated children’s series about a group of rescue dogs who protect their community, will…
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