Tech stocks lead S&P 500 and Nasdaq higher at end of volatile week

From Yahoo Finance: 2024-05-24 18:22:43

Paramount has secured a new multi-year distribution deal with Charter Communications, allowing Spectrum TV to continue carrying Paramount’s networks, including Showtime, CBS, and Paramount+. Subscribers to Charter’s largest tier will also receive ad-supported versions of Paramount+ and BET+ at no extra cost. Financial terms were not disclosed. This deal helps Paramount avert potential risks and paves the way for strategic options, including potential buyouts. Paramount’s future looks more promising now that this distribution deal with Charter is in place. This agreement is a significant win for Paramount’s TV Media segment, crucial for its revenue and EBITDA.



Read more at Yahoo Finance: Tech stocks lead S&P 500, Nasdaq higher to end volatile week