Executives Peter Dunn and David Friend have left CBS following a two-month suspension, the company said. They both deny any wrongdoing.
Goldman's analysts wasted little time in declaring that the potential of Nomura's stock "looks limited" after the Archegos affair.
Goldman was among the first to reduce its exposure, therefore it has exited most of its positions in relation to Archegos, a source told Bloomberg.
Shares of ViacomCBS and Discovery fell as much as 35% Friday, while US-listed shares of China's Baidu, Tencent Music, Vipshop and others also plunged this week.
Paramount+ was previously called CBS All Access, but heavy spend in Super Bowl advertisements helped solidify the new name among consumers.
Streaming search engine Reelgood provided data on how much of the service's movie and TV libraries can't be streamed elsewhere.
The majority of respondents said they would be more likely to subscribe to a streamer if they could watch new movies the same day they hit theaters.
The media magnate Sumner Redstone, who forged an empire of entertainment companies encompassing CBS, Viacom, and Paramount Pictures, died Tuesday at the age of 97. His legacy business, ViacomCBS, is worth $US16 billion. His personal net worth was estimated by Forbes to be $US3 billion. He is survived by two […]
Media giants CBS and Viacom are planning to rejoin after years apart. Although Viacom’s CEO will lead the new company, CBS chief Joe Ianniello will stay on and get a hefty severance to sweeten the deal, Anders Melin and Lucas Shaw reported for Bloomberg. Ianniello has been acting CEO since […]