August 17, 2024FilmTakeComments Off on Paramount’s Financial Turmoil: Soaring Losses, Layoffs, and Massive Impairment Charge
Amid a looming deadline to sell the once-storied studio, Paramount Global reported a staggering net loss of $5.4 billion in Q2 2024, primarily driven by a $5.98 billion impairment charge, a dramatic deterioration from the previous year.
August 4, 2024FilmTakeComments Off on Paramount’s Troubled Waters: A Tale of Failed Mergers, Mismanagement, and Dubious Deals
Recent weeks have seen Paramount Global navigate turbulent waters, with its shares plunging and its credibility questioned. The highly publicized failed merger and acquisition bid from Apex Capital Trust has placed the company under intense scrutiny.
