Following the collapse of Paramount stock ( NASDAQ:PARA ) as ViacomCBS , global media entertainment company Paramount Global has undergone an image makeover and rebranding.
The Redstone family crisis and the $20 billion Archegos Capital Management blowup have emerged as the corporation’s most lucrative sum-of-all-parts media juggernaut, which the market may largely underestimate.
Paramount stock ( NASDAQ:PARA ) is worth less than a fifth of what it was worth a little over a year ago. Paramount Global is a multi-billion-dollar entertainment conglomerate with brands such as Paramount, Pluto, Showtime, CBS, CBS Sports, Nickelodeon, MTV, Comedy Central, BET, and the Smithsonian Channel.
CBS is the country’s leading broadcast network, with a 20% increase in market share over the previous year. Warren Buffett boosted his share count from 68.95 million to 78.42 million on August 15 in the Berkshire Hathaway Inc. ( NYSE:BRK.A ) 13F filing for Q2 2022. Shares have subsequently decreased in value, and they currently trade at eight times projected earnings, with a 5.15% annual dividend yield.
Top Gun 2 is a knockout.
Paramount Studios released five consecutive No. 1 box-office pictures. It had the year’s best film, “Top Gun 2,” which grossed $1.45 billion worldwide...
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