Before they ever went one on one as Hall & Oates, John Oates played his first show with his longtime partner Daryl Hall in New York City.After meeting as students at Temple University in Philadelphia in 1967, the blue-eyed soul brothers behind such classics as “Rich Girl,” “Kiss on My List,” “Maneater” and “Out of Touch” made their debut in the middle of Greenwich Village’s fertile folk scene in the late ’60s.“[Daryl] had a doo wop group called the Temptones,” Oates, 76, told The Post outside the site of the former Gaslight Cafe where the Rock & Roll Hall of Fame duo first played together in public — five-plus decades before their shocking breakup last fall.“They were a vocal group, and they needed a backing band. They had a backing band, and they lost their guitar player,” he recalled.
Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money”
05.05.2024 - 00:53 / deadline.com
Warren Buffett says he has sold all of his shares in Paramount Global at a significant loss.
Speaking at the annual meeting of Berkshire Hathaway, his company, today in Omaha, NE, the billionaire investor took full ownership of the bad call. Despite speculation to the contrary, he said, “It was 100% my decision” to invest in Paramount in 2022. “We sold it all and we lost quite a bit of money. That happens in this business.” (Watch a clip of him above.)
As of the end of 2023, Berkshire owned 63.3 million Class B, or non-voting shares, which had a value of about $800 million at the time. The stake, which represented about 10.1% of the company’s equity, helped boost the stock when Buffett initially invested in 2022. He then went on to make public comments criticizing the companies pursuing Netflix in subscription streaming, a cohort that includes Paramount, given the economics of the emerging sector.
Known as the Oracle of Omaha, Buffett has made plenty of missteps over his decades of investing. Owning Paramount stock, Buffett mused, “made me think even further … harder, even, about the whole question of what people do with their leisure time and what the governing principles are of running an entertainment business of any sort.” He dryly added, “I think I’m smarter than I was a year or two years ago. But I also think I’m poorer because I acquired the knowledge in the manner I did.
Class B shareholders in Paramount have recently been up in arms about the company’s merger negotiations with Skydance Media due to fears of dilution. Shari Redstone controls almost 80% of the voting, or Class A, shares in the company and had favored a two-step, all-stock deal with Skydance. An exclusive negotiating window between the companies
'I'm not afraid of risks' - Man United's Andre Onana has something up his sleeve for Man City
Andre Onana ended the season how he started it for Manchester United.
Diddy’s former bodyguard says rapper got “really physical” with Cassie and Kim Porter
Diddy‘s former head of security Roger Bonds has said he saw the rap mogul be violent with women, including ex-partners Cassie Ventura and Kim Porter.Last week, newly released CCTV footage from 2016 showed Diddy – real name Sean Combs – punching, kicking and dragging Cassie Ventura through a hotel hallway. Combs shared an apology video online after the video went viral, saying his actions were “inexcusable”.Now, Bonds has been interviewed by Piers Morgan to discuss his decade-plus tenure with the Bad Boy Records founder.“It didn’t surprise me when I saw it because I’ve seen things of this nature before,” Bonds said about the CCTV footage.
Queen’s Brian May says Pete Townshend “basically invented” rock guitar
Queen‘s Brian May has praised The Who‘s Pete Townshend, saying that he “basically invented” rock guitar – see the post below.Taking to Instagram yesterday (May 20), May shared an image of himself with Townshend alongside a past quote he’d given about the musician, in which he described him as “the master of mood change, a master of the suspended chord”.It added: “Pete Townshend’s a god of guitar and always will be! I’d seen him stand there and let the guitar explode into life on its own.”In the caption, May reiterated his admiration for Townshend. “I’m glad I said this – I probably don’t say it enough,” he said.
Bianca Censori's Family Think Kanye West Has Been ‘Using Her’ To Promote Adult Entertainment All This Time!
It should be no surprise to anyone, but Bianca Censori’s family is not down for Kanye West’s career shift into the adult film industry! Why? They fear the rapper has been “using” the architectural designer to promote his next business venture this whole time!
Marc Anthony says the birth of his son was like hitting the jackpot: ‘We won the lottery’
Marc Anthony became a father for the seventh time after his wife, Nadia Ferrerira, gave birth to their son Marquitos. Despite the singer being very reserved with his personal life, this time, he couldn’t resist talking to his friend Lili Estefan about the blessing of welcoming his youngest son.In the middle of the golf tournament organized annually by his Maestro Cares foundation, attended by stars such as Luis Fonsi and Chayanne, Marc chatted with the host of El Gordo y La Flaca (Univision).
Ollie Watkins has already named his dream club amid Manchester United transfer links
Aston Villa striker Ollie Watkins has already pointed out who his dream club would be as Manchester United look to launch a dramatic swoop in for the 28-year-old this summer.
Chelsea Handler says she’s ‘sexually attracted’ to Robert De Niro: ‘I would like to be penetrated by him’
told Jimmy Fallon on Tuesday.The comedian, 49, and De Niro, 80, both appeared on Tuesday’s episode of “The Tonight Show Starring Jimmy Fallon,” which reignited Handler’s love for the “Meet the Parents” actor.While being interviewed by Fallon, 49, Handler admitted that she was too shy to approach De Niro in-person at the studio.“I couldn’t even go near him backstage because his girlfriend’s back there, and I don’t want her to think that I’m making a move — but I want to make a move,” Handler said. De Niro is dating Tiffany Chen, 45, and they have a 1-year-old daughter named Gia Virginia Chen-De Niro. Gia is De Niro’s 7th child.
‘Helldivers 2’ has sold over 12 million copies despite controversy
Helldivers 2, the Starship Troopers-inspired multiplayer co-op shooter from developer Arrowhead has sold over 12 million copies despite its recent delisting from Steam in over 150 countries.Arrowhead CEO and Helldivers 2 creative director Johan Pilestedt took to Twitter to post about the success of the viral bug and bot shooting hit game.
Oops? Gisele Bündchen Says We're All Pronouncing Her Name Wrong In Resurfaced Clip!
Gisele Bündchen’s name isn’t pronounced how you think…
‘The Witcher’ Fans Need To Go Easy On Liam Hemsworth, Says Costar Freya Allen
Freya Allen feels empathy for the uncomfortable place Liam Hemsworth is in as he takes over the lead role in The Witcher.
Warner Bros. Discovery CEO David Zaslav Largely Evades Questions About Paramount Global And NBA Talks, Says Executive Pay “Should Be Aligned” With Stock Performance
Warner Bros. Discovery chief David Zaslav largely evaded questions about NBA talks and Paramount Global‘s potential as a WBD merger partner, but he did weigh in on the hot topic of executive pay.
David Zaslav Sidesteps Paramount Global M&A Question, Talks NBA Rights Deal and High CEO Paychecks at Milken Conference
Cynthia Littleton Business Editor Warner Bros. Discovery is staying on the sidelines of the Paramount Global acquisition drama — at least for now. That was the signal sent Monday by WB Discovery CEO David Zaslav during his appearance at the Milken Institute Global Conference in Beverly Hills.
Abhishek Bachchan Returns to ‘Housefull’ Bollywood Comedy Film Franchise (EXCLUSIVE) – Global Bulletin
Naman Ramachandran Actor Abhishek Bachchan (“Ghoomer”) is returning to producer Sajid Nadiadwala’s “Housefull” film franchise, one of the biggest hit Bollywood comedy film series of all time. The franchise began in 2010 with “Housefull” (2010) with sequels following in 2012, 2016 and 2019. Bachchan was one of the stars of “Housefull 3,” where he played wannabe rapper Bunty who circumstances force to pretend to be differently abled.
Paramount Global to Pursue Simultaneous Talks with Sony/Apollo and Skydance as M&A Drama Drags On
Cynthia Littleton Business Editor Paramount Global goes back to playing the field this week with two suitors still pursuing the company that has been surrounded by a highly public M&A drama for months. And it’s unlikely to end any time soon. The company reached the end of its 30-day exclusive negotiating window with Skydance Media on May 3 without coming to an agreement.
Skydance’s Proposed Deal With Paramount Global Appears to Be Falling Apart
Todd Spangler NY Digital Editor UPADTED: After months of M&A talks, Paramount Global and controlling shareholder Shari Redstone might be going it alone after all — for now. Insiders tell Variety that the expectation at the company is that neither of the two offers in play — Skydance Media-RedBird Capital Partners and Sony Pictures Entertainment-Apollo Global Management — will come to fruition. And Redstone is said to have reluctantly concluded that a deal with David Ellison’s Skydance, a longtime partner of Paramount Pictures, will not be possible.
On Epic Week For Paramount Global, Company Extends Carriage Talks With Charter
Paramount Global, which is in the midst of corporate upheaval on a number of fronts, got a slight reprieve in one key area, extending carriage negotiations with Charter Communications.
Paramount Global Takes $1.3 Billion Charge in Q1 for Content Write-Offs, Layoffs
Todd Spangler NY Digital Editor Amid Paramount Global’s removal of Bob Bakish as CEO and the ongoing uncertainty of a company sale, it was business as usual for the first quarter at the media conglomerate — which included a $1.3 billion charge for content write-offs as well as layoffs. Paramount Global reported Q1 2024 earnings Monday, announcing Bakish’s exit and the installation of an unusual three-in-a-box “Office of the CEO”: CBS’s George Cheeks, Chris McCarthy, Showtime/MTV Entertainment Studios and Paramount Media Networks, and Paramount Pictures’ Brian Robbins.
Paramount Global’s New Leadership Trio Tell Staff in Memo After Bakish Ouster: ‘We Know This Has Been a Challenging Time’
Todd Spangler NY Digital Editor The three Paramount Global executives installed to run the company after Bob Bakish was removed as CEO sought to reassure employees that they have a long-term strategy. On Monday, Paramount Global said Bakish was stepping down as CEO and leaving the board. In his place, the company established an “Office of the CEO” committee led by three divisional heads: George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon.
Amid Turmoil, Paramount Global Sees Q1 Lift From Super Bowl, Narrows Loss
Brian Steinberg Senior TV Editor The recent broadcast of Super Bowl LVIII boosted Paramount Global‘s first quarter of 2024, stabilizing advertising revenue at its TV operations, as the company’s streaming operations added more than 3 million subscribers and cut losses there by more than 40%. Overall, Paramount narrowed its first quarter operating losses while seeing a 6% uptick in revenue, due in large part to audience and advertiser interest in its Big Game presentation, which set a new viewing record.