Hitting topics that are top of mind in Hollywood, ViacomCBS Bob Bakish said stalled production is a money saver now but needs to restart by mid-summer; that movies will be released in theatres as planned if they’re open and enough people are going; and that COVID-19 has spurred cost efficient work that will inform its
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April proxy season, which just ended, is an annual rite that lifts the curtain on CEO salaries for the previous year ahead of shareholder meetings in May and June. For 2019, big entertainment companies are showcasing habitually hefty paydays even as millions of Americans lose their jobs each week and the business sees huge pandemic-related
National Amusements, the Redstone family holding company, was placed on negative credit watch by ratings agency S&P Global after shares of ViacomCBS – which NAI uses as debt collateral – skidded so low over the past three weeks that the parent was in technical default on a bank loan. That’s a headache for NAI but