Paramount doesn’t impress investors, Oscars struggle to reach audiences

The Business

KCRW

Tv & Film

4.6 • 676 Ratings

🗓️ 18 February 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

ViacomCBS has rebranded as Paramount, but investors did not respond well. How long will Shari Redstone hang onto control of the company her father built? Plus, there’s chaos at CNN following the ouster of executive Jeff Zucker. A mega-banter with Matt Belloni of Puck News and Lucas Shaw of Bloomberg gets into all the details. Also, who could win the big prize at this year’s Oscar Awards when there’s no clear frontrunner for Best Picture? The Hollywood Reporter’s Scott Feinberg gives predictions.

Transcript

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0:00.0	From KCRW, I'm Kim Masters, and this is The Business.
0:05.5	More chaos at CNN as the mud flies following the ouster of Jeff Zucker.
0:10.9	Meanwhile, Viacom rebrands as paramount and tries to dance its way into investors' hearts,
0:16.4	only to be spurned on Wall Street.
0:18.4	What will Sherry Redstone do?
0:20.5	This much news calls for a mega banter,
0:22.7	and my banter buddies, Matt Bellany and Lucas Shaw are here to sort it all out. Plus, we check in on
0:28.2	this very unusual year on the awards circuit with the Hollywood reporter's Scott Feinberg. The
0:33.4	telecast is set for March 27th, and the Academy is desperate to bounce back from record
0:38.5	low ratings.
0:39.8	But first, we don't just banter.
0:42.0	We mega banter.
0:43.1	Stick around.
0:43.7	It's the business from KCRW.
0:49.4	I am joined by not one but two banter buddies, Matt Valeney and Lucas Shaw.
0:55.4	Hello, Matt. Hi there.
1:02.4	Hello, Lucas. Hey, Kim. Thank you for this special appearance. We usually, you join us for our year-end banter and our year-ahead banter, but this year, and it's only February, is off to a very
1:08.4	newsy start. And I am going to start with Paramount, which very recently
1:13.6	did a major Investor Day presentation. You know, we used to have to call it ViacomCBS,
1:19.5	which I found clunky. They are now sort of strangely, you might argue, embracing Paramount,
1:26.7	which was, you know, identified as the film studio, which is now like what even is a film studio.
1:34.2	And do we have movies and theaters and things like that?
	...

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