Cynthia Littleton Business EditorWall Street analyst Laura Martin of Needham Co. went so far as to say “Sell Netflix to buy ViacomCBS” after Wednesday’s marathon presentation of ViacomCBS’ plan for growth in the streaming arena with the March 4 launch of Paramount Plus.But Todd Juenger of Sanford Bernstein Co.
is having none of it, setting his target price on ViacomCBS shares at $23 for a stock that closed Wednesday at $65.63. The longtime ViacomCBS bear was not impressed with the company’s efforts to distinguish Paramount Plus (a rebrand of CBS All Access) from the competition in the U.S.
by emphasizing that it will deliver live news, sports, the live CBS network linear feed and “a mountain” of on-demand entertainment. “Sports offering is.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.