From Breakingviews - Mission Impossible: Paramount reckoning
banker Byron Trott, injected $125 million into Redstone’s National Amusements, which owns cinema chains and controls 77% of Paramount’s voting shares. Without the funding, her closely held firm might have needed to pledge more of its Paramount stock against a loan.
Nearly two decades later, Paramount would run into serious financial trouble. Just as it does today, however, the company harbored valuable and underappreciated assets, such as real estate and a film library. Industrial conglomerate Gulf and Western bought the business, lumping it in with a sprawling manufacturing enterprise. By the 1980s, the mishmash model fell out of favor with investors and boss Martin Davis largely dismantled the auto-parts-to-zinc operation.
Paramount’s TV assets are expected to generate nearly $5 billion in adjusted EBITDA, according to Refinitiv data. The division’s closest peer, Fox Put it altogether, and it imputes the Paramount enterprise is worth around $33 billion. Back out some $13.5 billion of net debt and its market value would be $20 billion, a more than 80% premium to where it trades today.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fiat celebrates “Mission: Impossible” role in Abarth 500e adA Fiat 500 Abarth plays a starring role in the upcoming “Mission: Impossible - Dead Reckoning Part One.”
Read more »
Robert Irwin, girlfriend Rorie Buckey make red carpet debut at ‘Mission: Impossible 7’ premiereThe son of the late Steve “The Crocodile Hunter” Irwin has been romantically linked to the niece of the late Heath Ledger since last year.
Read more »
Watch Tom Cruise Sprint Through Every Mission: Impossible MovieA supercut celebrates the action star's commitment to cardio ahead of Mission: Impossible - Dead Reckoning Part One's release.
Read more »
Mission: Impossible Dead Reckoning Australia Premiere Featured Tom Cruise & FireworksParamount Pictures' Mission: Impossible — Dead Reckoning Part One held its Australia premiere on July 3, 2023 at the ICC Sydney theater.
Read more »
Robert Irwin and Rorie Buckey get cozy during red carpet debut for ‘Mission Impossible’Robert Irwin and Rorie Buckey made their red carpet debut Monday at the Sydney premiere of 'Mission: Impossible — Dead Reckoning Part One.'
Read more »
Tom Cruise Showcases Cartier and Vacheron Constantin Watches While Promoting the New ‘Mission: Impossible’Take a cue from TomCruise—timeless watches steal the show. ⌚️ Cartier VacheronConstantin
Read more »