Dj Three California Homes To Showcase Their Eclectic Taste

NORTHAMPTON, MA / ACCESS Newswire / August 7, 2025 / Paramount

By Adebola Aderibigbe

Wednesday July 16th, 2025, might have been a regular workday for Paramount employees, but for the interns, it was the company's 7th annual Paramount Intern Impact Day - a day focused on participating in Paramount's tradition of giving back to the community and immersing Paramount summer interns into the company culture. The Paramount Social Impact team, in collaboration with the Paramount Emerging Talent team, supported 5 in-office, virtual and in-field volunteer events which interns could participate in.

Across both coasts and virtually, there was something for everyone from sandwich races to gardening to mural paintings and supporting educational development through storytelling! Intern Impact Day recognizes the need to create impact. And thanks to the Social Impact and Emerging Talent teams at Paramount Global, it was a successful turnout.

On the east coast, interns braved the New York heat and sun to serve Hudson River Park Friends, a non-profit dedicated to maintaining the park's beauty. The interns got to work on an outdoor revitalization project in the Habitat Garden, collectively removing 1.5 cubic yards of mug wort and bindweed to be processed into nutrient-rich soil for use throughout the park. Logan Tridel, Product Analyst Intern, said, "I had such a great day. It was great to give back to the community, had a fun time helping the garden, learned a lot and worked hard!"

But that wasn't all for New York as interns swarmed onto the 7th floor of Paramount HQ to compete in a sandwich race to combat hunger inequality in the city. Grassroots Grocery, a non-profit on a mission to improve how families access food in NYC, facilitated placing interns in teams to encourage a little friendly competition for a good cause. In just one hour, the race resulted in 2,200+ sun butter and jelly sandwiches made! The sandwiches were then picked up and delivered directly to community partners for distribution.

Over in Los Angeles there were two equally meaningful events. With the help of Vibrant Emotional Health, a mental-health-focused organization for people from all walks of life, interns had the opportunity to say "Thank You" to healthcare and frontline relief workers through Stars of Hope. The 30+ wooden stars were hand-painted with images and words of encouragement and support. Some interns really rolled up their creative sleeves and delivered special designs like Patrick the Star!

A short distance away at LA Elementary, more interns also unearthed their creative side by beautifying the school's campus with fresh mural paintings. Volunteers painted one large "under the sea" themed mural as well as touched up existing murals pieces where needed most. Kelsey McRae, Corporate Event Manager for LA Works, supported the facilitation of the event and added, "most schools lack the funding to retrofit, upgrade, improve, or maintain the grounds of campuses. This is why the work that the Paramount volunteers completed is so important. The students were given the space to be creative, be supported and valued so they can grow into the best version of themselves."

Last but certainly not least, virtual interns were not left out of giving back! Story Pirates, a non-profit focused on providing educational resources to youth in need, led interns through a virtual reading session in recognition of the young authors involved in their literacy program. 30 stories were read, after which, Paramount interns wrote much needed letters of encouragement to the young authors.

Overall, more than 100 interns participate in Intern Impact Day highlighting how much this is always a collective effort across the cohort. Paramount looks forward to continuing this tradition of providing interns with a front row seat to give back and create impact where needed.

View additional multimedia and more ESG storytelling from Paramount on 3blmedia.com.

Contact Info:

Spokesperson: Paramount

Website: https://www.3blmedia.com/profiles/paramount

Email: info@3blmedia.com

SOURCE: Paramount

View the original press release on ACCESS Newswire

Warner Bros. Discovery WBD reported second-quarter 2025 earnings of 63 cents per share, in contrast to the Zacks Consensus Estimate of a loss of 16 cents. The company had incurred a loss of $4.07 per share in the year-ago quarter. 

Revenues increased 1% year over year to $9.81 billion, which missed the Zacks Consensus Estimate by 0.15%. Ex-forex revenues remained flat year over year. 

Advertising revenues decreased 10% ex-forex, as ad-lite streaming subscriber growth was more than offset by domestic linear audience declines. Distribution revenues were relatively unchanged, as growth in global streaming subscribers was offset by continued domestic linear pay TV subscriber declines. Content revenues increased 16% ex-forex, primarily driven by higher box office revenues due to the stronger performance of the theatrical releases in the current year quarter. Other revenues declined 19% year over year and were impacted by separation-related costs during the quarter.

Warner Bros. Discovery, Inc. Price, Consensus and EPS Surprise

Warner Bros. Discovery, Inc. price-consensus-eps-surprise-chart | Warner Bros. Discovery, Inc. Quote

WBD’s Subscriber Base Increases in Q2

WBD ended the second quarter of 2025 with 125.7 million global Max, HBO Max, HBO, and Discovery+ subscribers, which increased 3.4 million sequentially. Domestic average revenue per user fell to $11.16, primarily driven by the broader wholesale distribution of HBO Max basic with ads, while international ARPU came in at $3.85.

Warner Bros. Discovery shares have gained 13.6% year to date (YTD). The company’s closest peers, Paramount Global PARA, Disney DIS and Netflix NFLX have appreciated 5.5%, 3.5% and 33%, respectively, YTD.

Post second-quarter 2025 results, WBD's subscriber base of 125.7 million continues to trail Disney+'s subscriber base but shows strong momentum with consistent quarterly growth. WBD reported an increase of 3.4 million subscribers sequentially in the second quarter.

WBD’s Q2 Quarter Details

The company reported revenues of $2.8 billion for streaming, up 9% year over year, and $3.8 billion for studios, up 55% year over year. Global Linear Networks' revenues decreased 9% year over year to $4.8 billion.

Under the Streaming segment, subscriber revenues grew 10% year over year to $2.7 billion. Content revenues fell 17% year over year to $102 million due to lower third-party licensing. Streaming eked out a profit of $293 million against a loss of $107 million a year ago.

Under the Studios segment, profits came in at $863 million, up from a profit of $210 million a year ago, due to strong performance, including major releases. Distribution revenues decreased 67% year over year to $1 million. Content revenues increased 61% year over year to $3.59 billion, while other revenues remained flat year over year at $219 million.

Under the Global Linear Networks segment, Distribution revenues decreased 7% year over year to $2.47 billion, while Advertising revenues plunged 12% year over year to $1.95 billion. Content revenues declined 4% year over year to $287 million while other revenues inched up 2% year over year to $86 million.

In the second quarter of 2025, adjusted EBITDA was $2 billion, up 9% year over year.

WBD’s Balance Sheet & Cash Flow

In conjunction with the announcement of the separation of Streaming & Studios and Global Linear Networks, the company successfully completed a tender offer and consent solicitation, as well as repaid the $1.5 billion term loan due 2026, financed by a $17 billion bridge facility, resulting in a $2.2 billion reduction in gross debt.

Additionally, the company repaid $0.5 billion of debt due in the quarter, resulting in a $2.7 billion total reduction in gross debt during the second quarter. Warner Bros. Discovery ended second-quarter 2025 with $35.6 billion of gross debt and 3.3x net leverage.

As of June 30, 2025, cash & cash equivalents were $4.88 billion compared with $3.89 billion as of March 31, 2025. 

During the second quarter, the company amended its revolving credit facility credit agreement to reduce the facility size from $6 billion to $4 billion and to provide early termination of the agreement upon completion of the separation of Streaming & Studios and Global Linear Networks. As of June 30, 2025, the company’s revolving credit facility was undrawn.

Guidance

WBD is targeting at least 150 million streaming subscribers by the end of 2026 and anticipates the streaming segment will deliver a profit of approximately $1.3 billion in 2025.

For the Studios segment, Warner Bros. Discovery has provided guidance toward returning to $3 billion in EBITDA, driven by successful content releases and a robust pipeline.

Zacks Rank & Earnings Estimate

Currently, Warner Bros. Discovery carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for third-quarter 2025 earnings is pegged at 17 cents per share, down by a penny over the past 30 days.

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Ellison Family and RedBird Capital Provide Long-Term Strategic Investment to Reinvigorate Entertainment Powerhouse

David Ellison Open Letter Available at www.Paramount.com/news

LOS ANGELES and NEW YORK, Aug. 7, 2025 /PRNewswire/ — Skydance Media and Paramount Global today announced the completion of their merger, creating a premier standalone global media and entertainment company, Paramount, a Skydance Corporation ("Paramount"). Paramount Class B shares will begin trading today on the Nasdaq Stock Market LLC under the new ticker symbol "PSKY." An Open Letter from David Ellison is also available at www.paramount.com/news.

The close of this transaction positions Paramount to forge a new path forward in the entertainment industry, combining its extensive creative library and global distribution network with Skydance's production expertise and industry-leading technological capabilities. In the near-term, Paramount will leverage strategic investments to capitalize on identified synergies and opportunities to streamline its business, with a focus on forward-thinking approaches to content creation and storytelling, as well as providing value and stability for shareholders. Supported by RedBird Capital's business building and financial acumen, the newly combined entity will rely on best-in-class leadership and tech-enabled innovation to revitalize and position one of entertainment's most storied enterprises for long-term success.

David Ellison, Chairman and CEO of Paramount, a Skydance Corporation, commented:

"Today marks an exciting and pivotal moment as we prepare to bring Paramount's legacy as a Hollywood institution into the future of entertainment. My vision is to honor exceptional storytelling while modernizing how we make and deliver content to support the world's top creative talent, enhance experiences for audiences worldwide, and create sustainable value for our shareholders."

Ellison added:

"It is truly an honor and a privilege to help lead this iconic brand into its next chapter. My experience at Skydance and across all levels of production has shown me what it takes to bring great stories to life — and just how powerful it is when visionary creators are supported by strong leadership and a clear mission. With a deep understanding of the industry and a strategic approach to growth, we will stay grounded in creative excellence, embrace cutting-edge innovation, and continue delivering the entertainment, news, and sports experiences that connect with audiences worldwide. Together, we have the opportunity not only to shape Paramount's future, but also to play a meaningful role in where our industry is headed — and we can't wait to get started."

Gerry Cardinale, Founder and Managing Partner of RedBird Capital, said:

"Our investment in Paramount and long-term partnership with the Ellison family reflects our deep conviction in the value of world-class intellectual property and the potential to unlock substantial growth as these businesses navigate technological disintermediation and evolving consumer preferences. We've been collaborating with David Ellison for the last 15 years and made our first investment in Skydance in 2019. Over this period, we've seen the power of an owner-operator model that integrates technological sophistication with a talent-friendly passion for producing great original content."

Cardinale added:

"We have evaluated investing in this type of media and entertainment in Hollywood for the last 25 years, but it was only after our investment in Skydance that we began to develop tangible conviction around a performance-based approach to investing in diversified content production. The track record that David and the team at Skydance have established has prepared them for this opportunity, supported by our operating and investment team at RedBird. This is a transformative opportunity to embrace Paramount's 113-year-old legacy as one of the most iconic Hollywood institutions and help transition it for today's evolving technological landscape."

About Paramount, a Skydance Corporation

Paramount, a Skydance Corporation P is a leading, next--generation global media and entertainment company, comprised of three business segments: Studios, Direct-to-Consumer, and TV Media. The Company's portfolio unites legendary brands, including Paramount Pictures, Paramount Television, CBS — America's most-watched broadcast network, CBS News, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance's Animation, Film, Television, Interactive/Games, and Sports divisions. For more information please visit www.paramount.com.

PARA-IR

Advisors

RedBird Advisors, BofA Securities, Inc., Moelis & Company LLC and The Raine Group served as financial advisors to Skydance and the Investor Group. Latham & Watkins LLP served as legal counsel to Skydance and the Investor Group. Sullivan & Cromwell LLP served as legal counsel to RedBird Capital Partners. BDT & MSD Partners served as financial advisor to National Amusements, Inc. and Ropes & Gray LLP served as legal counsel. Centerview Partners LLC served as financial advisor to the Paramount Special Committee and Cravath, Swaine & Moore LLP served as legal counsel. Rothschild & Co and LionTree served as financial advisors to Paramount Global and Simpson Thacher & Bartlett LLP served as legal counsel.

Cautionary Note Regarding Forward-Looking Statements

This press release contains both historical and forward-looking statements that involve significant risks and uncertainties, including, without limitation, statements related to the consummation of the merger transactions among us, Paramount Global ("Paramount") and Paramount Skydance Corporation ("New Paramount," and together, the "Companies") and the related transactions thereunder (the "Transactions"), expectations regarding the structure of New Paramount following the merger, and expectations regarding New Paramount's management and leadership team upon closing of the merger. All statements that are not statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Similarly, statements that describe the Companies' objectives, plans or goals are or may be forward-looking statements. These forward-looking statements reflect current expectations concerning future results and events and generally can be identified by the use of statements that include phrases such as "believe," "expect," "anticipate," "intend," "plan," "foresee," "likely, " "will," "may," "could," "estimate" or other similar words or phrases, and involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause actual results, performance or achievements to be different from any future results, performance or achievements expressed or implied by these statements.

These risks, uncertainties and other factors include, among others: challenges realizing synergies and other anticipated benefits expected from the Transactions, including integrating the Companies' businesses successfully; risks related to Paramount's streaming business; the adverse impact on Paramount's advertising revenues as a result of changes in consumer behavior, advertising market conditions and deficiencies in audience measurement; risks related to operating in highly competitive and dynamic industries, including cost increases; the unpredictable nature of consumer behavior, as well as evolving technologies and distribution models; risks related to the Companies' decisions to make investments in new businesses, products, services and technologies, and the evolution of the Companies' business strategy; the potential for loss of carriage or other reduction in or the impact of negotiations for the distribution of the Companies' content; damage to the Companies' reputation or brands; losses due to asset impairment charges for goodwill, intangible assets, FCC licenses and content; liabilities related to discontinued operations and former businesses; increasing scrutiny of, and evolving expectations for, sustainability initiatives; evolving business continuity, cybersecurity, privacy and data protection and similar risks; content infringement; domestic and global political, economic and regulatory factors affecting the Companies' businesses generally, including tariffs and other changes in trade policies; the inability to hire or retain executives, key employees or secure creative talent, including following completion of the Transactions; disruptions to the Companies' operations as a result of labor disputes; the dilution to the earnings per share of New Paramount which may negatively affect the price of New Paramount Class B Common Stock; the Companies' continued incurrence of significant transaction and merger-related transaction costs in connection with the Transactions; business uncertainties, including the effect of the Transactions on the Companies' employees, commercial partners, clients and customers, and contractual restrictions; tax consequences of the Transactions; lawsuits relating to the Transactions; the Transactions triggering change of control or other provisions in certain agreements which may allow third parties to terminate or alter existing contracts or relationships; changes and uncertainties with respect to taxes in the jurisdictions in which New Paramount will operate which may have an adverse effect on New Paramount's business; volatility in the price of New Paramount's Class B Common Stock; potential conflicts of interest arising from the ownership structure of New Paramount with a controlling stockholder; and other factors described in New Paramount's filings with the Securities and Exchange Commission, including but not limited to New Paramount's Form S-4 and most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. There may be additional risks, uncertainties and factors that we do not currently view as material or that are not necessarily known.

Paramount Global Class B (PARA) is currently at $13.19, up $0.62 or 4.93%

• On pace for largest percent increase since Aug. 15, 2024, when it rose 7.14%
• Currently up three of the past four days
• Up 26.1% year-to-date
• Down 86.85% from its all-time closing high of $100.34 on March 22, 2021
• Up 19.91% from 52 weeks ago (Aug. 2, 2024), when it closed at $11.00
• Down 0.83% from its 52-week closing high of $13.30 on July 30, 2025
• Up 32.16% from its 52-week closing low of $9.98 on Sept. 11, 2024
• Traded as high as $13.32
• Up 5.97% at today's intraday high; largest intraday percent increase since April 9, 2025, when it rose as much as 8.92%
• Fourth best performer in the S&P 500 today

All data as of 1:13:02 PM ET

Source: Dow Jones Market Data, FactSet