In an apparent reversal of its strategy, ViacomCBS is looking to reduce the amount of shows and movies it licenses to streaming services, the company said on its earnings call. For years, ViacomCBS CEO Bob Bakish has talked about being an “arms dealer” of content to others, while also building its own streaming service, Paramount+, which it launched earlier this year. But ViacomCBS is now...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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