Business

Paramount (NASDAQ: PARA; PARAA) and Sinclair, Inc. (NASDAQ: SBGI) ("Sinclair"), today announced comprehensive, multi-year distribution agreements across all 21 CBS network affiliations for Sinclair stations, including six top-50 market affiliates, KUTV in Salt Lake City, UT, KEYE in Austin, TX, WKRC in Cincinnati, OH, WPEC in West Palm Beach, FL, WWMT in Grand Rapids, MI and WHP in Harrisburg, PA. Additionally, Paramount reached an agreement to renew the affiliation of WTVH in Syracuse, NY and WGFL in Gainesville, FL, stations to which Sinclair provides services.

Paramount Global (NASDAQ: PARA, PARAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share on both its Class A and Class B Common Stock. The dividend will be payable on January 2, 2024, to stockholders of record at the close of business on December 15, 2023.

IMAX Corporation (NYSE: IMAX) and U.S. exhibitor NCG Cinemas today announced a new agreement for three state-of-the-art IMAX with Laser Systems across the U.S. The deal will expand IMAX's existing footprint with NCG Cinemas with two new IMAX locations in Tennessee and Georgia as well as an upgraded location in Michigan. Planning for the construction of the new standalone IMAX theatre in Kingsport, Tennessee begins this week, and is expected to open to the public in March 2025.

Paramount Global (NASDAQ: PARA, PARAA) announced today that it will report third quarter financial results on Thursday, November 2, 2023. The company will conduct a conference call at 8:30 a.m. (ET) following the release of its earnings materials.

Addition of 10 New Sound Stages Will Boost Production Capacity by 50% and Grow WBD’s Contribution to United Kingdom’s Film and Television Production Sector Warner Bros. Studios Leavesden to Become the Hub for DC Studios Projects.

Netflix, Inc. (NASDAQ: NFLX) today announced it will post its third quarter 2023 financial results and business outlook on its investor relations website at http://ir.netflix.net on Wednesday, October 18, 2023, at approximately 1:00 p.m. Pacific Time.

The number one global release in Warner Bros. Pictures history from writer/director Greta Gerwig continues to dominate the box office with more than $1.38 billion worldwide.

Lionsgate (NYSE: LGF.A, LGF.B) today reported first quarter (quarter ended June 30, 2023) revenue of $908.6 million, operating loss of $16.8 million and net loss attributable to Lionsgate shareholders of $70.7 million or $0.31 diluted net loss per share on 230.2 million diluted weighted average common shares outstanding. Adjusted net loss attributable to Lionsgate shareholders in the quarter was $9.8 million or $0.04 adjusted diluted net earnings per share on 230.2 million diluted weighted average common shares outstanding, with Adjusted OIBDA of $85.7 million.

VICE Media Group today announced the completion of its sale to a consortium of its former lenders (the "Investor Group"), which consists of funds managed by affiliates of Fortress Investment Group LLC ("Fortress"), Soros Fund Management and Monroe Capital.

Warner Bros. Discovery (Nasdaq: WBD), in partnership with emerging venture fund and holding company Acme Innovation, today announced the launch of “Collider On The Lot,” a two-month, in-person and virtual accelerator program for media, entertainment, and emerging technology companies.