TECH - What's Going On With Paramount Global's Shares On Tuesday? | Benzinga
Mass media and entertainment conglomerate Paramount Global (NASDAQ:PARA) shares are trading higher today.
Skydance Media CEO David Ellison outlined a transformative vision for Paramount, positioning the company as a technology-media hybrid amid rising competition from tech giants entering the entertainment sector.
In an hour-long presentation to investors following the announcement of a merger agreement with Paramount, Ellison cited Steve Jobs as a mentor who shaped his perspective on integrating art and technology.
“The art challenges the technology and the technology challenges the art,” Ellison said, reflecting Jobs' influence, reported Reuters.
The merger aims to adapt Paramount to the evolving market, leveraging Skydance’s expertise in streaming media with ...