1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,720 --> 00:00:18,880 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:19,120 --> 00:00:21,560 Speaker 3: Let's start with Paramount Skydance. We talked about this a 6 00:00:21,560 --> 00:00:25,079 Speaker 3: little earlier this morning. It's received signed equity commitments of 7 00:00:25,160 --> 00:00:27,760 Speaker 3: close to twenty four billion dollars. This is from three 8 00:00:27,920 --> 00:00:31,560 Speaker 3: sovereign wealth funds to help back its eighty one billion 9 00:00:31,640 --> 00:00:34,959 Speaker 3: dollar buy out of Warner Brothers Discovery. So Saudi Arabia's 10 00:00:34,960 --> 00:00:37,520 Speaker 3: public investment fund is going to kick in the most 11 00:00:37,560 --> 00:00:41,240 Speaker 3: ten billion of that nearly twenty four billion to Paramount, 12 00:00:41,640 --> 00:00:43,879 Speaker 3: of course, run by David Ellison, the son of billionaire 13 00:00:43,920 --> 00:00:47,800 Speaker 3: Oracle co founder Larry Ellison. The commitments by these golf 14 00:00:47,840 --> 00:00:49,800 Speaker 3: investors they are going to help offset the cost for 15 00:00:49,920 --> 00:00:54,200 Speaker 3: the Ellison's and Redbird Capital Partners, which is also backing 16 00:00:54,280 --> 00:00:56,720 Speaker 3: this deal. And as part of the deal, Paramount said 17 00:00:56,760 --> 00:01:00,960 Speaker 3: any equity syndication would not affect the transact closing because 18 00:01:01,000 --> 00:01:04,119 Speaker 3: the Ellison family still said they would cover the entire 19 00:01:04,200 --> 00:01:07,959 Speaker 3: amount if needed if needed. So, in addition to you, 20 00:01:08,280 --> 00:01:11,399 Speaker 3: Saudi Arabia. You've got Cutter and Abu Dhabi's sovereign wealth 21 00:01:11,400 --> 00:01:14,240 Speaker 3: funds kicking in here. It's not expected to trigger a 22 00:01:14,280 --> 00:01:17,280 Speaker 3: mandatory review by the Committee of Foreign Investment in the US. 23 00:01:17,319 --> 00:01:19,720 Speaker 3: I thought it might or the Federal Communications Commission. So 24 00:01:19,760 --> 00:01:21,360 Speaker 3: apparently it's going to pass. Muster with them. 25 00:01:21,640 --> 00:01:23,280 Speaker 4: A big issue, you know, I think a lot of 26 00:01:23,319 --> 00:01:26,360 Speaker 4: investors have, certainly equity investors, is the debt load of 27 00:01:26,400 --> 00:01:28,200 Speaker 4: this pro former company. There's kind of a lot of 28 00:01:28,240 --> 00:01:31,280 Speaker 4: debt here right, more than you'd like to see, and 29 00:01:31,319 --> 00:01:33,840 Speaker 4: that's going to mean they got to really focus on 30 00:01:33,920 --> 00:01:37,040 Speaker 4: paying down debt as opposed to investing back in their business. 31 00:01:37,160 --> 00:01:42,160 Speaker 2: Wuthering heights, the bride exclamation point, they will kill you, 32 00:01:43,000 --> 00:01:46,920 Speaker 2: and on and on. Does it affect Warner Brother's ability 33 00:01:47,120 --> 00:01:49,800 Speaker 2: to have the magic of the last eighteen months. 34 00:01:50,800 --> 00:01:53,960 Speaker 4: Yeah, they say that they're ready to invest in their content, 35 00:01:54,040 --> 00:01:56,720 Speaker 4: in their studios pro formers, so let's we'll take them 36 00:01:56,720 --> 00:01:59,440 Speaker 4: at their word. But again, that's a lot of debt 37 00:01:59,440 --> 00:02:00,320 Speaker 4: on this bounch, and. 38 00:02:00,280 --> 00:02:02,440 Speaker 3: Maybe that's why this stock's not doing. I mean, paramounts 39 00:02:02,440 --> 00:02:04,880 Speaker 3: Guide ends up to tens of a percent, and Warner 40 00:02:04,920 --> 00:02:08,160 Speaker 3: Brothers Discovery a little changed on this news, so go 41 00:02:08,400 --> 00:02:12,000 Speaker 3: figure it'll close though, Okay, it'll close, So says Paul Sween. 42 00:02:12,200 --> 00:02:14,880 Speaker 2: I'm absolutely fascinated by the whole streaming thing. I mean, 43 00:02:15,240 --> 00:02:17,800 Speaker 2: I'm overwhelmed by the number of choices as they throw 44 00:02:17,840 --> 00:02:18,080 Speaker 2: at me. 45 00:02:18,720 --> 00:02:21,760 Speaker 3: Yes, and the amount of times they up my subscription prices. 46 00:02:21,960 --> 00:02:22,800 Speaker 3: Thank you very much. 47 00:02:23,080 --> 00:02:26,560 Speaker 2: I'm going in and weeding out all the garbage. 48 00:02:26,639 --> 00:02:26,799 Speaker 3: Yep. 49 00:02:27,480 --> 00:02:27,760 Speaker 2: You know what. 50 00:02:27,960 --> 00:02:29,320 Speaker 3: Then I'm going to the next time I'm going to 51 00:02:29,360 --> 00:02:30,520 Speaker 3: do is going to do this little later, I'm going 52 00:02:30,560 --> 00:02:33,080 Speaker 3: to go write to Netflix since we're talking about streaming. 53 00:02:33,320 --> 00:02:36,360 Speaker 3: So it's up about two percent today, up more than 54 00:02:36,400 --> 00:02:38,799 Speaker 3: five percent year to date. A couple of things going 55 00:02:38,840 --> 00:02:41,760 Speaker 3: on here. Goldman Sachs upgraded Netflix to buy from neutral, 56 00:02:41,800 --> 00:02:45,960 Speaker 3: saying it's recent subscription price hikes our driving gains. Also 57 00:02:46,040 --> 00:02:48,240 Speaker 3: raised the price target on Netflix to one twenty from 58 00:02:48,240 --> 00:02:50,000 Speaker 3: one hundred dollars a share. Netflix is going to be 59 00:02:50,000 --> 00:02:52,520 Speaker 3: out with earnings also on April sixteenth, so we're going 60 00:02:52,560 --> 00:02:54,320 Speaker 3: to look out for that. But they also unveiled a 61 00:02:54,360 --> 00:02:58,200 Speaker 3: new app today. It's called Playground. It doesn't really affect us, guys, 62 00:02:58,200 --> 00:03:01,160 Speaker 3: because it's designed specifically for kids age eight and under 63 00:03:01,600 --> 00:03:03,760 Speaker 3: and that's not our kids age groups anymore. But it's 64 00:03:03,800 --> 00:03:07,520 Speaker 3: an all in one app, growing library of things like 65 00:03:07,800 --> 00:03:11,680 Speaker 3: beloved shows and movies like Peppa Pig, Doctor Seuss. Ye, 66 00:03:12,160 --> 00:03:14,960 Speaker 3: well all remember Doctor SEUs. So with the biggest difference, 67 00:03:15,000 --> 00:03:16,960 Speaker 3: they say, between this app and ones that are out 68 00:03:16,960 --> 00:03:18,280 Speaker 3: on the market now, a lot of the ones that 69 00:03:18,280 --> 00:03:21,680 Speaker 3: are out Playground has no ads or in app purchases. 70 00:03:22,080 --> 00:03:24,399 Speaker 3: Thank you, thank you, thank you, because the kids wind 71 00:03:24,480 --> 00:03:27,919 Speaker 3: up clicking away. The parents fucked up paying up for 72 00:03:28,080 --> 00:03:33,480 Speaker 3: these purchases. They did not, you know, they do exactly, 73 00:03:34,160 --> 00:03:35,480 Speaker 3: we need that one. They're older too. 74 00:03:35,560 --> 00:03:36,680 Speaker 2: What's this charge? 75 00:03:37,280 --> 00:03:37,760 Speaker 4: Exactly? 76 00:03:37,800 --> 00:03:39,440 Speaker 3: And you know, and I've done that with my kids. 77 00:03:39,520 --> 00:03:41,640 Speaker 3: I don't recognize them. What is the blah blah? 78 00:03:41,920 --> 00:03:44,480 Speaker 2: They every day. 79 00:03:44,480 --> 00:03:46,600 Speaker 3: It's accounted for all right. Now, let's jump into the 80 00:03:46,600 --> 00:03:50,160 Speaker 3: biotech world to do this quick. So Leno Therapeutics Soleno 81 00:03:50,200 --> 00:03:54,680 Speaker 3: Therapeutics up thirty five percent today, Neurocrine buying the company 82 00:03:54,720 --> 00:03:58,320 Speaker 3: for two point nine billion to expand its portfolio of 83 00:03:58,400 --> 00:04:00,840 Speaker 3: drugs or endo chronology and rare disease. 84 00:04:02,040 --> 00:04:06,280 Speaker 1: The Stockmovers report from Bloomberg Radio. 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