Hollywood Strike Pushes 'Mission: Impossible' to 2025, Paramount Adjusts Release Calendar
Portfolio Pulse from Anusuya Lahiri
Paramount Global (NASDAQ:PARA) has postponed the release of the eighth installment of the 'Mission: Impossible' franchise by a year due to the ongoing actors' strike. The release date has been moved from June 28, 2024, to May 23, 2025. The strike, which has lasted over three months, has also affected other big-screen attractions like Marvel movies. Paramount's shares are trading higher by 1.07% at $11.31 premarket on the last check Tuesday.
October 24, 2023 | 12:28 pm
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NEUTRAL IMPACT
Paramount Global's decision to postpone the release of the 'Mission: Impossible' movie due to the actors' strike may have a mixed impact on its stock. While the delay could potentially affect revenues, the stock is currently trading higher.
The postponement of a major movie release like 'Mission: Impossible' could potentially affect Paramount's revenues in the short term. However, the impact on the stock is uncertain as it is currently trading higher. The ongoing actors' strike and its effect on the overall film industry also need to be considered.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100