ViacomCBS to Raise $3 Billion from Stock to Fuel Streaming
March 23, 2021
ViacomCBS is selling $3 billion in stock, with plans to use the combined net proceeds for “general corporate purposes,” including investments in streaming.
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The Directors Guild of America (DGA) and the Alliance of Motion Picture and Television Producers (AMPTP) have reached a tentative agreement on the terms of a new three-year collective bargaining agreement, hailing it as achieving "historic breakthroughs" on key global, economic, creative rights and safety issues.