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Kim Kardashian
Kimberly Noel Kardashian West (née Kardashian; born October 21, 1980) is an American media personality, model, businesswoman, socialite and actress. Kardashian first gained media attention as a friend and stylist of Paris Hilton but received wider notice after a 2002 sex tape, Kim Kardashian, Superstar, with her then-boyfriend Ray J was released in 2007. Later that year, she and her family began to appear in the E! reality television series Keeping Up with the Kardashians (2007–present). Its success soon led to the creation of spin-offs including Kourtney and Kim Take New York (2011–2012) and Kourtney and Kim Take Miami (2009–2013).
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Paramount Global Predicts Streaming Loss Of $1.8 Billion In 2022, Defends Content Spending

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Paramount Global CFO Naveen Chopra indicated streaming losses would total about $1.8 billion this year, higher than Wall Street expected, but stuck to the company’s target of peak DTC losses in 2023.The business lost $901 million in the first half of this year.

Chopra anticipated the same in the second half given a choppy advertising market. Adjusted OIBDA — a measure of operating income — was a negative $445 million for the second quarter ended in June.“We just have to let it play out a bit and manage through some economic headwinds,” he said on a call following first-quarter earnings.

Analysts sought but didn’t get any timeline for reaching breakeven/profitability after 2023.The stock was down a steep 4% earlier today with investors spooked overall by streaming spend and profit visibility across the sector.

It’s regained ground, down just hair late morning.Chopra also reiterated the company’s $6 billion spending target though 2024 but stressed that’s content is leveraged across platforms.“On contend spend, the most important thing to remember is that when we think about our content investment, we are always looking at it in term of the growth and the return it unlocks.” With streaming revenue and subscriber count growing, “Our content investment  is working,” he said. “We don’t want to sacrifice a long-term opportunity.”MOREBroadcast networks’ fall lineups and schedulesNew and returning series on broadcast, cable and streamingSeries that made it or didn’t make it in 2021-22

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