Paramount Sees Skydance Merger Closing In First Half As Streaming & ‘Sonic’ Bright Spots In Mixed Q4
Paramont Global confirmed today that despite all the noise, it is still expected to be closed with Skydance at the first of the year, as the company has reported a quarterly quarterly numbers mixed with higher and lower lines.
The executive compensation based on shares and other executive compensation was once ProfitsThe deadline hears. The revenue was softer than Wall Street’s expectations. The numbers overcome the main cash flow and other standards.
Bar swing to a net loss of $ 224 million for the fourth quarter – from the profit of $ 514 million in the previous year – with an increase in revenues by 5 % to 7.98 billion dollars per quarter.
DTC was strong like Paramount+ 5.6 million new subscribers – the best quarter of growth for subscribers was added within two years – and 10 million for the full year until it ends at 77.5 million. Broadcast losses continued in distress, to $ 286 million from 490 million dollars, as Par+ is on the right path for local profitability by the end of the year.
Paramount+ three of the best 10 Svod Riginals with Taylor Sheridan Trifta from Landman, Tolsa King and Long.
Pluto TV has achieved a record year, as it grows by 16 % in the hours that the fourth quarter saw on an annual and 8 % basis for the full year.
The revenue of the photographer increased by 67 % to $ 1.08 billion on the play, which saw a leap of $ 336 million The second wrestler and Sonique Al -Qunfu 3. The latter approaches approximately $ 500 million at the global box office, making it a higher profit movie, and is expected to be one of the 10 most profitable versions of Paramount Pictures in the past decade. Through its three installments, the concession reached $ 1.2 billion at the global box office.
Ridley Scott The second wrestler Through 460 million dollars worldwide.
The profit decreased by $ 66 million on the high marketing costs associated with theatrical releases of five films in a quarter compared to one movie last year.
TV -media advertising revenues decreased by 4 %, which reflects the decreases in the linear advertising market and a few sporting events CBSPartially meets him with high political advertisements.
The revenue of the TV media and subscription revenues decreased by 7 %, which reflects the subscriber’s declines, and partially corresponds to the price increase. This part is still a soft spot where its media moves to broadcast.
“We are proud of the transformative year that we have made since it became a participant, which represents an important turning point for Pramont with our transformation into a trading company first,” said George Godz, Chris McCarthy and Brian Robbins.
“In Q4, Paramount+ witnessed the highest level of participation so far and achieved a new record, as it ranked first in the local Svod service for watches of all the original series. These wonderful achievements were not possible without the hard work of our talented teams and the creative partners we appreciate strongly.”
The trio will host a group call at 4:30 pm East time.
