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Paramount Could Use Trek Boost As Investor Circles

Studio putting all summer eggs into ‘Star Trek: Beyond’ basket

Paramount Pictures continues to struggle when it comes to its movie business, but the man leading the studio’s parent company says some financial help could be on the way. More than 40 companies expressed an interest in acquiring a minority stake in Paramount, chief executive officer Philippe Dauman said, and his team will now start the process of winnowing that down to the strongest candidates. “There is strong interest from around the world,” Dauman said, according to Variety. “We will have a compelling result that …
 | Apr-29-2016 | 
Is Paramount Gearing Up For A Spinoff Of Its Own?

Search for a minority partner might take film studio in a different direction

New Viacom Inc. chairman Philippe Dauman hasn’t even warmed his seat yet, but there could be some big changes coming to one of his company’s biggest units: Paramount Pictures. The studio behind nearly four decades of Star Trek movies, including the upcoming “Star Trek: Beyond,” is quite publicly looking for what the company has described as a “significant strategic minority equity investment” partner. In other words, Viacom is willing to sell some of its ownership in Paramount i …
 | Feb-24-2016 | 
Paramount Parent Gets New Boss, Too

Sumner Redstone’s removal from decision-making jobs at both Viacom and CBS is now complete

Just a couple of days ago, CBS Corp. tried to correct months of bad publicity surrounding its chairman by replacing Sumner Redstone with longtime CBS chief Les Moonves. The transition was nowhere as contentious as some business observers had feared, believing Sumner’s daughter, Shari Redstone, might vie for the spot. Instead, she not only declined the job but made the nomination for Moonves’ ascension herself. The same can’t be said with the other company that holds the rights to …
 | Feb-4-2016 | 
‘Into Darkness’ Powers Revenue Jump For Viacom

The latest Star Trek film is now up to $450.3 million worldwide

Viacom witnessed a surge in its film revenue this quarter, thanks in large part to films like “Star Trek: Into Darkness.” In its regular filings with the U.S. Securities and Exchange Commission, the parent company of Paramount Pictures said it earned $3.68 billion in total revenue for the quarter, above the $3.58 billion predicted by analysts, according to The Hollywood Reporter. That includes a 15 percent jump in film revenue, which the company said was led by “Into Darkness” as well as “World War Z” and “Pain and Gain.” However, since the quarterly report only inc …
 | Aug-3-2013 |