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Deutsche Bank has downgraded Paramount Global from "Buy" to "Hold," lowering its price target from $15 to $12 due to reduced earnings expectations and increased advertising risks. The bank cut its 2025-2027 EBITDA estimates by 8-10% and expressed a preference for other media investments like Fox and Disney, citing macroeconomic pressures on advertising revenue. Further clarity on Paramount's strategy and financial targets is awaited before reassessing the outlook.
In a surprising turn, Jason Statham's thriller "A Working Man" topped the box office with a $15.2 million debut, overshadowing Disney's "Snow White," which plummeted 66% in its second weekend to $14.2 million. The weekend also saw the release of several newcomers, with "The Chosen: Last Supper" earning $11.5 million, while overall ticket sales continue to decline, down 11% from last year.
Warner Bros. Discovery is investing $57 million for a 30% stake in OSN Streaming to enhance its presence in the Middle Eastern entertainment market. This investment follows a multi-year licensing agreement with HBO and exclusive rights to Warner Bros.' film catalog, aiming to boost locally produced content. The region's streaming market is rapidly growing, with revenues exceeding $1 billion in 2023 and projected to surpass $1.2 billion in 2024.
Warner Bros. Discovery is investing $57 million to acquire a minority stake in Dubai-based OSN Streaming Ltd., enhancing its regional presence and local content production. This partnership builds on existing collaborations, including an exclusive licensing deal for HBO content since 2022. With a young, tech-savvy population and rising disposable incomes, the Middle East is becoming a competitive market for streaming services, where OSN faces challenges from global platforms like Netflix and Amazon.
Warner Bros. Discovery is investing $57 million for a 30% stake in Dubai-based OSN Streaming Limited, aiming to enhance its presence in the Middle Eastern entertainment market. The partnership will focus on producing high-quality local content and expanding OSN's reach globally. This investment aligns with WBD's strategy to grow its streaming services, targeting 150 million global subscribers by 2026.
Disney's live-action "Snow White" opened with a disappointing $43 million, far below expectations and plagued by controversies and poor reviews. The film's struggles highlight ongoing challenges for Disney's strategy of remaking animated classics, as it faces little competition in the coming weeks. Meanwhile, Warner Bros.' "Alto Knights" flopped with just $3.2 million, adding to a rough start for Hollywood in 2025, with box office revenues down significantly from previous years.
Toyota is investing 7 billion yen ($44.4 million) in Interstellar Technologies, exploring rocket development as part of its vision for future mobility. Disney plans to merge Hulu + Live TV with Fubo, creating a combined service with 6.2 million subscribers, while Canadian Prime Minister Justin Trudeau announces his intention to step down as Liberal Party leader but will remain in office until a successor is chosen. Former NFL quarterback Eli Manning expresses interest in acquiring a minority stake in the New York Giants, the team he played for over 16 years.
Warner Bros. Discovery, Inc. will present at the UBS Global Media and Communications Conference on December 10, 2024, starting at 12:00 PM ET. Interested parties can access the live webcast at https://ir.wbd.com/.
Broadcast TV is poised for a potential resurgence as executives anticipate regulatory changes that could allow for greater consolidation, enhancing their ability to compete for local sports rights. With recent acquisitions of NHL and NBA rights by companies like Scripps and Gray, there’s optimism that a more favorable environment could enable broadcasters to invest more in local markets. As traditional pay TV declines, the shift towards a dual strategy of digital streaming and broadcast could redefine how fans engage with their teams.
Despite a softening advertising market, college football remains a lucrative draw for networks, with Disney's platforms experiencing record viewership this season due to the expanded 12-team College Football Playoff format. Advertisers are seeing increased engagement, with Disney's ad slots proving significantly more effective than competitors. As a result, Disney has sold out most of its advertising spots for the upcoming championship games, reflecting a strong demand for college football content.
Warner Bros. Discovery, Inc.
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Deutsche Bank downgrades Paramount Global amid rising advertising risks
16:30 02.04.2025
a working man tops box office as snow white falters
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18:51 30.03.2025
Warner Bros Discovery invests in OSN Streaming to enhance Middle East presence
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warner bros invests 57 million in osn to enhance middle east streaming
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warner bros discovery invests 57 million in osn streaming for growth
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02:12 25.03.2025
snow white opens to disappointing 43 million at box office
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17:41 23.03.2025
investors watch as toyota explores space and disney merges streaming services
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12:54 07.01.2025
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Broadcast TV Eyes Sports Rights Boost Amid Potential Regulatory Changes
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16:06 05.12.2024
college football playoff expansion drives record viewership and advertising for disney
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14:15 29.11.2024
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