For the second quarter, Paramount is expected to report a direct-to-consumer loss of $267 million, according to Bloomberg consensus estimates. That's narrower than the $286 million loss seen in the first quarter and the $424 million loss in the year-earlier period.it expects to reach domestic Paramount+ profitability in 2025. The streamer currently boasts 71.2 million total subscribers. Shares are down 30% since the start of the year.
But all of that might not matter much with Skydance's pending takeover on the horizon. The deal is expected to close in the third quarter of 2025.Skydance, which will be valued at $4.75 billion following the all-stock deal's completion, said it will inject $6 billion of cash into Paramount, with $1.5 billion going directly into its debt-ridden balance sheet.
In a note to clients ahead of the report, Bloomberg Intelligence media analyst Geetha Ranganathan said that although the transaction is strategic for Paramount, there likely won't be positive catalysts "for awhile, with the focus now on cost-cutting." BusPatrol expands in Florida with Hillsborough County partnership to enhance child safety.Miami, FL, Aug. 08, 2024 -- BusPatrol, the leading stop-arm enforcement solution in the nation, today announced it is expanding its school bus safety program through a new partnership with Hillsborough County Public Schools. As students across Florida prepare to return to the classroom, school districts are ramping up efforts to enhance child safety.
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