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Form 144 | Netflix(NFLX.US) Officer Proposes to Sell 15.1 Million in Common Stocks
SEC FILLINGS DISCLOSED/ Jul 1, $Netflix(NFLX.US)$ Officer HASTINGS REED intends to sell 22,526 shares of its common stock on Jul 1, with a total market value of approximately $15.1 million. HASTINGS
Paramount Pictures (PARA.US) is struggling to find acquisitions and revealing the difficulties of streaming companies' "survival by grouping together."
According to Zhītōng Cáijīng, Paramount Global (PARA.US) is in talks with other entertainment companies to merge its "Paramount+" streaming service with existing platforms. If an agreement is reached, it could initiate a wave of new streaming partnerships that could stabilize the entire media industry. According to insiders, Paramount Global's leadership is actively discussing with executives from other media and technology companies to determine whether the structure that Paramount+ may share with another streaming entity is meaningful to both sides. According to insiders, Warner Bros. Discovery Inc. (WBD.U)
US stock market closed | Nasdaq hit another record high! Tesla rose more than 6%, while Nvidia fell more than 3.5% before bouncing back.
After rising by 1.6%, the China concept index saw its gains halved, with NIO Inc and Li Auto Inc rising by about 6.7%, and Xpeng rising by over 5%.
Consolidation Is a 'Requirement' in the Streaming Industry
Paramount Talking Over Merging Streaming Service With Partner - CNBC
Paramount Is Hunting for a Streaming Partner, Could Kick off a Wave of Deals