Paramount Plans Revealed At Paramount Investors Day
“We have set in motion a virtuous cycle,” said board chair Shari Redstone, who made her entrance in a pre-recorded segment that saw her and CEO Bob Bakish arrive in the Bumblebee Camaro from “Transformers” after fighting off evil robots. “Our legacy business powers our transformation, and transformation enhances and expands our legacy.” This is the second time that Redstone’s company has changed its name in two years, but it was all part of the day’s 2 1/2-hour bid to convince Wall Street that it stands a chance in the streaming wars even as it fights for last place among its peers....