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Casino streaming 199512/6/2023 The companies had also rallied on Thursday, with Paramount gaining 10%, after positive results from streaming device maker Roku raised hopes of a rebound in the advertising market. Rivals Walt Disney and Warner Bros Discovery rose between 2% and 4%. Paramount's stock is on course to add nearly $800 million to its market value, if gains hold. (Reuters) - Paramount Global shares surged 10% on Friday, after the media company narrowed the 2023 loss forecast for its fast-growing streaming business as investments peaked a year ahead of target.Īfter years of chasing subscriber growth through hefty investments, streamers are now prioritizing profitability in the face of investor pressure, leading businesses including Disney+ and HBO Max to raise prices and introduce ads to boost revenue.
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