The bulk of the business still is the TV networks and basic cable channels that they've got. That's about two thirds of the total revenue. The direct to consumer part, your paramount plus the group, nicely 39%, year over year for the quarter. And this comes against the backdrop of the writer strike that started this week.
For one day in the stock market, investors voted with their stomachs.
(00:21) Bill Barker discusses: - The Federal Reserve meeting expectations - Paramount Global slashing its dividend 80% - Peloton struggling with its turnaround - Shake Shack posting higher revenue in the 1st quarter - Potential names for Darden Restaurants newest franchise
(16:29) Ricky Mulvey talks with Motley Fool senior analyst (and Star Wars superfan) Jim Gillies about Disney's acquisition of Lucasfilm and ways to improve the franchise.
Companies discussed: PARA, PTON, SHAK, DRI, DIS, FNKO
Host: Chris Hill Guests: Bill Barker, Jim Gillies Producer: Ricky Mulvey Engineers: Dan Boyd, Tim Sparks
Learn more about your ad choices. Visit megaphone.fm/adchoices