Reported 8 months ago
Paramount+ (PARA) has announced price increases for some of its streaming services after discussions with potential buyers were halted by controlling shareholder Shari Redstone. Citi Managing Director Jason Bazinet shared insights on Paramount's pricing strategies and the likelihood of a sale. Bazinet mentioned that while a sale is possible, investors are currently favoring tech and growth-related companies over legacy media ones. He advised investors to ride out the current trend until a potential shift occurs. For more details and expert analysis, please refer to the full article.
Source: YAHOO