ViacomCBS Shells Out For South Park

You thought Spotify’s $100M check to Joe Rogan or Netflix paying $500M for Seinfeld was huge?? Consider this: ViacomCBS just dropped $900M to keep South Park going. 🤯 💰

ViacomCBS’s new deal with South Park‘s creators welcomes a number of new projects related to the show. Among them are 14 made-for-streaming movies on Viacom’s Paramount+ streaming service, not to mention six more South Park seasons to air on Comedy Central.

South Park, which lives on ViacomCBS’s Comedy Central network, has long-been one of the network’s strongest shows. The show has aired since August 1997, and its TV reruns are a lucrative line of income. According to a Los Angeles Times article, Viacom made hundreds of millions in 2019 by selling rerun rights on past episodes to other networks.

TV networks are looking a little different these days, though. They’re not down for the count, but cable viewership is dropping at the expense of streaming memberships—ViacomCBS’s expensive commitment looks like an effort to push Paramount+ using one of the network’s most successful franchises. ViacomCBS has roughly 42M subscribers across Paramount+ and other streaming services, including BET+ and Showtime.

$VIAC rose 7.12% today.

Plug Power Is Charged Up

Plug Power hasn’t given investors much to be excited about over the last few years, but today’s news has people (and its stock price) charged up again. So let’s see what happened. 👇

The alternative-energy company, which provides hydrogen fuel cell technology, finalized a deal with the Department of Energy (DOE) for a $1.6 billion loan facility. This critical funding comes at a time when the company has faced immense liquidity issues, issuing a going-corn warning last quarter and disclosing a secondary share offering of up to $1 billion. 💸

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Boeing Loses Altitude (Again)

If you’re an investor in airlines or airplane manufacturers, this is not the type of headline you want to wake up to. Unfortunately for Boeing and several others, the news is not great. So let’s dig into it. 👇

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A Chip Off The Holiday News Flow

It’s a slow week in the market, but as usual, there’s some news out of the semiconductor space. Let’s take a look. 👀

First up is Israel granting Intel $3.2 billion to support the company’s biggest investment in the country. Intel will not only build a $25 billion factory that creates thousands of jobs but will also buy $16.6 billion in goods and services from Israeli suppliers over the next decade. It is anticipated that the plant will open in 2028 and operate through at least 2035. 🏭

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Epic Wins A “Victory Royale” Against Google

It’s been three years since Fornite-maker Epic Games sued Apple and Google for allegedly running illegal app store monopolies. And despite losing a similar battle against Apple, the game-maker has secured a win against Google. 🏆

The jury in Epic v. Google delivered its unanimous decision after just a few hours of deliberation. They found a few key things:

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