Dissecting Sony and Apollo’s Strategy to Dismantle Paramount
Shari Redstone’s Media Empire Faces Potential Breakup
Shari Redstone played a key role in the development of Paramount Global into a vast media conglomerate. However, recent reports suggest that Sony Pictures Entertainment and Apollo Global Management are considering acquiring the company with plans to dismantle it, as disclosed by sources familiar with the situation.
Proposed Breakup Plan
The proposed plan involves auctioning off assets such as the CBS broadcast network, cable channels like MTV, and the Paramount Plus streaming service. Paramount Pictures, known for iconic films like “The Godfather” and “Mission Impossible,” would merge with Sony’s existing business operations.
Sony and Apollo are also eyeing the retention of Paramount’s extensive library of films and TV shows, along with rights to popular characters like the Teenage Mutant Ninja Turtles and SpongeBob SquarePants. However, these plans have not been formally communicated to Paramount or its advisors.
Industry Impact
A pot
Read the full story:
Dissecting Sony and Apollo’s Strategy to Dismantle Paramount
Transactions of townhouses and villas in Ho Chi Minh City are the lowest in the past 5 years
Savills Vietnam Research Department said that in 2024, new supply is expected to have 1,400 units entering the market, of which products from 20 – 30 billion VND account for about 65%. The decline in operations and continuing high selling prices in Ho Chi Minh City are big challenges to the absorption rate.
Dat to the suburbs
Savills Vietnam’s report also points out that demand tends to shift to neighboring provinces. Accordingly, Binh Duong will have more than 3,400 new apartments, of which more than 90% are priced under 10 billion VND. Dong Nai will have 2,900 new apartments with 41% priced at 5 – 10 billion VND and 29% priced at 10 – 20 billion VND.
According to Ms. Giang
Read the full story:
Transactions of townhouses and villas in Ho Chi Minh City are the lowest in the past 5 years
Will cash disappear from circulation? All pros and cons
#cash #disappear #circulation #pros #cons
— The cash is in a war it will probably lose. From the consumer’s perspective, it is easier and faster to complete a transaction using a platform or application. The more conveniences there are, the sooner consumers will move away from traditional cash – says Marcin Kościński, director of ING Bank Śląski. He is one of the participants of the “Finance of the Future” panel during the ongoing 16th European Economic Congress in Katowice.
In his opinion, Poles are prepared for this trend, and the same is true in business and at ING cash payments from companies have been virtually eliminated.
— Cash will certainly disappear, but this is not due to aversion to paper, but to the development of e-commerce. This has become a natural consequence o
Read the full story:
Coins still legal
| Coins are still in effect. |
Aivo Andrianarivelo, governor of the Central Bank, says 10, 20 and 50 ariary coins can still be used in daily economic transactions.
Why don’t people use coins anymore? They are rarely used in daily transactions, and yet! They are still legal tender throughout the national territory.
At Analakely City Hall, this question which torments consumers was addressed during a conference-debate on the experiences of a private industry manufacturing coins and banknotes in the United Arab Emirates.
The Central Bank still issues coins. Moreover, its governor, Aivo Andrianarivelo, wanted to recall it. “Coin
Read the full story:
James Webb finds strong evidence that the rocky planet 55 Cancri e has an atmosphere
After an atmosphere was previously found around dozens of gas giants outside our solar system, there is now – finally – quite convincing evidence of the existence of an atmosphere around a rocky exoplanet: 55 Cancri e.
This was announced by an international team of researchers, including scientists from the Leiden Observatory and SRON. Their findings will appear in the journal this week Nature.
Over 55 Cancers and
The research article revolves around 55 Cancri e. This planet is located about 41 light-years from Earth and orbits – along with four other planets – around the sun-like star Cancri. 55 Cancri e is almost twice the size of Earth, but only slightly denser than our planet. This means that the planet can be counted among the super-Earths. These are planets larger than Earth, but smaller than Neptune and probably similar in composition to the rocky planets of our solar system.
Near orbit
55 Cancri e is close to its parent star, which means it is very heated and most likely has a molten surface. It’s best to imagine that surface as an ocean of bubbling magma. This close orbit also likely ensures that the planet has a day side and a night side, with the day side always pointing towards the parent star and the night side always pointing away from the parent star.
An atmosphere?
55 Cancri e had already been discovered in 2011. And since then researchers have also been wondering whether this exoplanet could have an atmosphere. This is not obvious and cert
Read the full story:
James Webb finds strong evidence that the rocky planet 55 Cancri e has an atmosphere
Kang Ho-dong, Chairman of the Central Committee, Emphasizes Ethics for Organizational Survival: Strengthened Internal Control and Leadership Changes on the Horizon
Kang Ho-dong, Chairman of the Central Committee, “Ethics determines the survival of the organization”… Internal control significantly strengthened
Interpretations are divided as to whether the replacement of President Lee Seok-yong was in mind.
(Seoul = Yonhap Infomax) Reporter Lee Hyun-jung and Yoon Seul-gi = There are different interpretations of the fact that the Korean National Nonghyup Federation has introduced a measure to limit the reappointment of related CEOs who have caused financial accidents due to poor internal control.
This measure by the Central Committee is interpreted as an attempt to repeatedly emphasize its determination to restore lost trust by further strengthening internal control, while at the same time clearly holding related CEOs accountable for control really
However, as noise occurs during the process of appointing a CEO of some affiliates and the financial supervisory authorities have targeted Nonghyup’s governance structure and started regular inspections of financial affiliates, rumors are emerging.
In particular, it is attracting attention as there are speculations that NH Bank president Nonghyup, who does not have much time left in his term, is being considered.
◇ National Agricultural Co-operative Federation: “If there is a serious accident, the position of the representative must be given up.”
According to the financial sector on the 9th, the National Federation of Nonghyup Nonghyup announced a plan to strengthen internal control and management responsibility at the Pan-Nonghyup level, saying that public trust in Nonghyup has been seriously damaged due to a number of incidents and accidents and happened on the 7th.
Kang Ho-dong, Chairman of the National Agricultural Cooperative Federation, emphasized, “Ethical management is an important factor that determines the survival of an organization,” and “Strengthening management responsibility to prevent accidents will be the first step towards building a new agricultural cooperative. .”
According to the measures proposed by the National Association, not only will there be an immediate investigation and punishment fo
Read the full story:
Siemens Energy: This is how Gamesa should be renovated
Business at Siemens Energy is going better again – despite the loss-making Gamesa wind power division. picture alliance / Panama Pictures | Dwi Anoraganinrum
The ailing energy technology group Siemens Energy appears to be recovering despite the loss-making wind power business at Gamesa.
After a good second quarter, the Munich-based company is increasing its forecast. This causes a jump in prices on the stock market. Nevertheless, Siemens Energy is expected to be in the red again in the second half of the year.
Now a restructuring plan for the problem child Gamesa should help. And a change at the top management.
Siemens Energy appears to be slowly recovering from its setbacks. The energy technology group also recorded black figures in the second quarter of its current financial year, as it announced on Wednesday. In addition, the company, which has already had to issue several profit warnings, is increasing its forecast for the current year.
The bottom line is that Siemens Energy made a profit of 108 million euros in the second quarter from January to March. A year ago there was a loss of 189 million. Sales rose by three percent to 8.3 billion euros. According to CEO Christian Bruch, the development in the second quarter is evidence of “the continued strong demand for our energy transition technology as well as initial successes in stabilizing the wind business.” Bruch added: “Against the background of this positive development, we have increased our outlook.” The sales forecast for the current year has been raised signif
Read the full story:
This is how the economy will develop in 2024
– 2024-05-09 00:23:49
Only one area is currently sending positive signals to the German economy. Experts warn that this is not enough for a real upswing – and say what urgently needs to be done.
Despite the good start to the new year, the IW researchers estimate that the German economy will not go beyond stagnation in 2024. The gross domestic product (GDP) will only remain at the level of last year, according to the new economic forecast from the German Economic Institute (IW), which was available to the Reuters news agency on Wednesday. Company surveys signaled weak economic development.
“Industry and the construction sector in particular remain stuck in the recession,” explained the Cologne economists. Positive impulses only come from consumption. “That’s not enough for a real upswing. In addition to consumption, investments must finally get going,” said IW economic expert Michael Grömling. “Huge gaps have now developed
Read the full story:
This is how the economy will develop in 2024 – 2024-05-09 00:23:49
Dubai Taxi Company Reports Strong Financial Growth in First Quarter of 2024
Yesterday, the Dubai Taxi Company announced its financial results for the three months ending 31 March 2024.
The company continued to achieve rapid and strong growth in the first quarter of 2024, and its revenue for the first quarter increased by 16% to reach 558.4 million dirhams, thanks to the improved financial performance of the divisions all along.
The taxi division of Dubai Taxi Company achieved strong growth this quarter, as revenue increased by 15% compared to the previous year, due to the increase in the number of trips and the implementation of a new tax for transport services, which was. also supported by the installation of new taxi vehicles.
The limousine segment also saw a stron
Read the full story:
Dubai Taxi Company Reports Strong Financial Growth in First Quarter of 2024
Mintrab and Cacif sign agreement to reduce labor informality
– 2024-05-09 02:09:45
A National Declaration for the Formalization of Employment in Guatemala was signed yesterday by the Minister of Labor and Social Welfare, Miriam Roquel, and the president of the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (Cacif), Carmen María Torrebiarte.
In the document, the organized business sector and the Mintrab reiterated their commitment to the economic and social development of Guatemala, through the creation of conditions conducive to the generation of formal and sustainable employment, explains the Cacif.
“For the formalization of employment, it is essential to establish a favorable environment that encourages investment, which, in turn, generates new jobs, promotes business sustainability and facilitates the development of technical and professional skills,” it was mentioned.
At the event, the speakers d
Read the full story:
Mintrab and Cacif sign agreement to reduce labor informality – 2024-05-09 02:09:45