Film studio News & Breaking Stories

Byron Allen offers to buy Paramount Global for $30 billion, causing stock to soar 26%. Company owns CBS, Comedy Central, Nickelodeon.

Disney's revenues are below expectations, but the company's earnings and streaming business are improving, and they plan to achieve cost cuts.

Disney's quarterly revenue grew 5%, but fell short of expectations. The company announced an ambitious $7.5 billion cost-cutting plan.