Paramount trying to make a comeback. Maybe partne
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Posted On: 04/24/2018 1:11:57 PM
Paramount trying to make a comeback. Maybe partnering with the 4K experts at Ultraflix would help.
From an article regarding Paramount,
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Racked by cost-cutting, infighting at Viacom and poor leadership under the late Brad Grey, Paramount's string of misfires got so bad the studio lost $445 million in fiscal 2016. In the last year alone, the studio has weathered such bombs as "Downsizing," "Suburbicon," "Sherlock Gnomes" and "Baywatch."
"It's a pretty big hole to dig out of," Cowen & Co. media analyst Doug Creutz said of Paramount. "I think it will be better for Paramount, but the question is, will it be better enough?"
The struggles have come at a time when corporate rivals are growing bigger. Disney is buying assets from 21st Century Fox, AT&T is trying to acquire Time Warner Inc., and tech giants including Netflix are spending billions of dollars on programming. Overhanging the recovery effort are contentious merger talks between Viacom and CBS Corp., orchestrated by Shari Redstone, who controls both media companies.
From an article regarding Paramount,
"
Racked by cost-cutting, infighting at Viacom and poor leadership under the late Brad Grey, Paramount's string of misfires got so bad the studio lost $445 million in fiscal 2016. In the last year alone, the studio has weathered such bombs as "Downsizing," "Suburbicon," "Sherlock Gnomes" and "Baywatch."
"It's a pretty big hole to dig out of," Cowen & Co. media analyst Doug Creutz said of Paramount. "I think it will be better for Paramount, but the question is, will it be better enough?"
The struggles have come at a time when corporate rivals are growing bigger. Disney is buying assets from 21st Century Fox, AT&T is trying to acquire Time Warner Inc., and tech giants including Netflix are spending billions of dollars on programming. Overhanging the recovery effort are contentious merger talks between Viacom and CBS Corp., orchestrated by Shari Redstone, who controls both media companies.
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