With Paramount Assets In Play, There's Chatter About A Sale & Leaseback Of Hollywood Lot [Yahoo! Finance]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance
Its three co-CEOs confirmed as much today at a Town Hall with staff. Lots of things are being explored. Deadline hears there's early chatter about selling the Paramount lot and leasing it back, with an option to buy it again down the road. More from Deadline Paramount Global Co-CEOs Reveal Bankers Hired To Sell Assets; Discuss Path Forward At Town Hall Paramount+ Prices To Rise For Most Tiers Starting In August Two Senior Paramount Home Entertainment Execs Are Latest To Depart; Amazon MGM Vet Andres Alvarez Takes Top Job As EVP Paramount is not in the real estate business, and a sale could bring in $2 billion. As ViacomCBS, it sold the historic CBS building in NYC known as Black Rock for $760 million to real estate investment firm Harbor Group International in 2021. Later the same year, it sold the iconic CBS Studio Center to Hackman Capital Partners and Square Mile Capital Management for $1.85 billion. Jeffrey Katzenberg pulled off a similar deal in 2015 when DreamWorks
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PARAA
News
- Comedy Central pulls old episodes of ‘The Daily Show,' ‘The Colbert Report' from website [Los Angeles Times (CA)]Los Angeles Times
- Many Hollywood Stocks Are Now “Show Me” Bets for Wall Street Investors [Yahoo! Finance]Yahoo! Finance
- Inside Kevin Costner's nearly 30-year journey to bring "Horizon" to life: "I couldn't forget it" [CBS News]CBS News
- Kevin Costner on "Yellowstone" departure, whether he'd ever return as John Dutton: "The idea is wide open" [CBS News]CBS News
- MTV deletes news archives from internet, erasing over two decades of articles [USA TODAY]USA TODAY
PARAA
Earnings
- 4/29/24 - Beat
PARAA
Sec Filings
- 6/21/24 - Form 8-K
- 6/17/24 - Form 11-K
- 6/13/24 - Form 4
- PARAA's page on the SEC website