Paramount Plans to Release 30 Films Annually
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: CNBC
- Release Commitment: Paramount CEO David Ellison promised at CinemaCon to release 30 films annually, although this ambitious goal has raised skepticism within the industry, especially post-merger with Warner Bros., which is expected to present greater production and distribution challenges.
- Merger Impact Analysis: Ellison's plan hinges on regulatory approval for the merger with Warner Bros., yet historical data indicates that past mergers often lead to fewer releases, prompting industry experts to express concerns that the 30-film target is overly ambitious.
- Market Response and Challenges: While theater operators are skeptical about the feasibility of such a high output due to insufficient quality IP support, AMC CEO Adam Aron has expressed support for the merger, believing it will help expand film distribution.
- Industry Status and Future: Post-pandemic, theaters are struggling with a lack of new titles; although 2023 has seen an increase in film releases, the anticipated reduction in output following a merger could further impact box office revenues, leaving the industry's outlook pessimistic.
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Analyst Views on PSKY
Wall Street analysts forecast PSKY stock price to rise
15 Analyst Rating
1 Buy
7 Hold
7 Sell
Moderate Sell
Current: 10.240
Low
8.00
Averages
14.08
High
19.00
Current: 10.240
Low
8.00
Averages
14.08
High
19.00
About PSKY
Paramount Skydance Corp is a global media and entertainment company. The Company operates through three segments, including Studios, Direct-to-Consumer, and TV Media. Its TV Media segment includes domestic and international broadcast networks and owned television stations, domestic cable networks and international extensions of certain of its domestic cable network brands, and domestic and international television studio operations. The TV Media includes CBS television network, through which it distributes entertainment, news and public affairs, and sports programming. TV Media also includes a number of digital properties such as CBS News 24/7 and CBS Sports. Its Direct-to-Consumer segment consists of its portfolio of domestic and international pay and free streaming services, including Paramount+, Pluto TV and BET+. Its other portfolio includes Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Skydance's Animation, Film, Television, Interactive/Games, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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