<p>我们在开始时就知道，娱乐巨头派拉蒙斯凯丹（Paramount Skydance，PSKY）与华纳兄弟探索（Warner Bros. Discovery，WBD）之间的合并从一开始就可能是危险的。我们开始看到这一点的表现，尤其是在昨天两位民主党立法者公开指责派拉蒙首席执行官大卫·艾利森（David Ellison）之后。但派拉蒙也在向监管机构发起挑战，试图推动其计划。投资者似乎持怀疑态度，派拉蒙的股价在周三交易的最后几分钟下跌了超过 2%。</p>
<h3>在 TipRanks 上享受 55% 的折扣</h3>
<p>以杠杆交易 AMZN</p>
<p>也许派拉蒙目前面临的最大担忧之一是加利福尼亚州检察长罗伯·邦塔（Rob Bonta），他已经明确表示，关闭交易的诉讼在考虑之中。邦塔指出：“我们看到的红旗无处不在。我们关注的事情包括更高的价格、更低的工资、更少的工作、更低的质量、更少的选择、更少的竞争——这些都是在考虑反垄断案件和拟议合并时需要关注的事项。”</p>
<p>有趣的是，派拉蒙在邦塔最近的新闻发布会之前向他发送了一封信，邦塔在会上提到诉讼可能随时准备好。派拉蒙在信中实际上回应了至少部分担忧，指出：“派拉蒙和 WBD 有充分的意图，重要的是，有动力继续让加利福尼亚的电影院（以及全球的电影院）上映各种类型的影片，因为我们希望提高内容制作和发行的标准。”</p>
<h2><strong>更大的问题</strong></h2>
<p>但派拉蒙也提出了一个很少有人愿意考虑，甚至不感兴趣考虑的问题。派拉蒙明确表示：如果派拉蒙和华纳不联合，他们将无法单独与 Netflix（NFLX）、亚马逊（AMZN）或迪士尼（DIS）竞争。</p>
<p>无论是派拉蒙 + 还是 HBO Max 都没有足够的规模来 “有效竞争” 对手。此外，未来也不太可能有足够的增长来达到这一点。前三大流媒体提供商——Netflix、亚马逊和迪士尼——在视频点播（SVOD）市场的总份额达到 65%。派拉蒙基本上必须占据剩余的大部分，才能构成真正的竞争威胁。</p>
<h2><strong>派拉蒙股票现在值得购买吗？</strong></h2>
<p>转向华尔街，分析师对 PSKY 股票的共识评级为适度卖出，过去三个月内有一项买入、五项持有和四项卖出，如下图所示。在过去一年中股价下跌 9.48% 之后，PSKY 的平均目标价为每股 11.38 美元，意味着有 8.49% 的上涨潜力。</p>

PARAA

派拉蒙环球

标普全球电信股指数 ETF - iShares

电信业 ETF - Vanguard

通信服务 ETF - SPDR

BNGE

休闲娱乐 ETF - PowerShares

<p>在与华纳兄弟探索公司（Warner Bros. Discovery，WBD）合并的过程中，派拉蒙斯凯丹克（Paramount Skydance，PSKY）股价下跌超过 2%，原因是加利福尼亚州检察长罗布·邦塔（Rob Bonta）暗示可能因反垄断问题提起诉讼。邦塔提到 “红旗” 警告，涉及更高的价格和减少的竞争。派拉蒙认为，这次合并对与 Netflix 和迪士尼等主要竞争者竞争至关重要。分析师目前将 PSKY 股票评级为适度卖出，目标价格显示在过去一年下跌 9.48% 后，仍有 8.49% 的上涨潜力</p>

<p>We knew going in that the merger between entertainment giant Paramount Skydance (PSKY) and Warner Bros. Discovery (WBD) was likely to be perilous from the beginning. We are starting to see as much play out, especially after yesterday's revelation of two Democrat lawmakers calling out Paramount CEO David Ellison. But Paramount is also taking the fight to regulators, trying to get its plans pushed through. Investors seemed skeptical, and Paramount shares slipped over 2% in the closing minutes of Wednesday's trading.</p>
<div class="lb-trans"><p>我们在开始时就知道，娱乐巨头派拉蒙斯凯丹（Paramount Skydance，PSKY）与华纳兄弟探索（Warner Bros. Discovery，WBD）之间的合并从一开始就可能是危险的。我们开始看到这一点的表现，尤其是在昨天两位民主党立法者公开指责派拉蒙首席执行官大卫·艾利森（David Ellison）之后。但派拉蒙也在向监管机构发起挑战，试图推动其计划。投资者似乎持怀疑态度，派拉蒙的股价在周三交易的最后几分钟下跌了超过 2%。</p>
</div><h3>Claim 55% Off TipRanks</h3>
<div class="lb-trans"><h3>在 TipRanks 上享受 55% 的折扣</h3>
</div><p>Trade AMZN with leverage</p>
<div class="lb-trans"><p>以杠杆交易 AMZN</p>
</div><p>Perhaps one of the biggest concerns Paramount faces right now is Rob Bonta, California attorney general, who has already made it clear that a lawsuit to shut the deal down is on the table. Bonta noted, &#34;There are red flags everywhere for us. We're looking at things like higher prices, lower wages, fewer jobs, less quality, less choice, less competition—the things that you look at when you're looking at an antitrust case and a proposed merger.&#34;</p>
<div class="lb-trans"><p>也许派拉蒙目前面临的最大担忧之一是加利福尼亚州检察长罗伯·邦塔（Rob Bonta），他已经明确表示，关闭交易的诉讼在考虑之中。邦塔指出：“我们看到的红旗无处不在。我们关注的事情包括更高的价格、更低的工资、更少的工作、更低的质量、更少的选择、更少的竞争——这些都是在考虑反垄断案件和拟议合并时需要关注的事项。”</p>
</div><p>Interestingly, Paramount sent Bonta a letter just before Bonta's recent press briefing, where Bonta noted a lawsuit could be ready to go. Paramount actually addressed at least some of those concerns in said letter, noting, &#34;Paramount and WBD have every intention, and, importantly, incentive to keep filling California theaters (and theaters across the world) with a wide range of titles as we look to raise the standard for content production and distribution.&#34;</p>
<div class="lb-trans"><p>有趣的是，派拉蒙在邦塔最近的新闻发布会之前向他发送了一封信，邦塔在会上提到诉讼可能随时准备好。派拉蒙在信中实际上回应了至少部分担忧，指出：“派拉蒙和 WBD 有充分的意图，重要的是，有动力继续让加利福尼亚的电影院（以及全球的电影院）上映各种类型的影片，因为我们希望提高内容制作和发行的标准。”</p>
</div><h2><strong>A Bigger Problem</strong></h2>
<div class="lb-trans"><h2><strong>更大的问题</strong></h2>
</div><p>But Paramount also raised an issue that few seem willing to consider, or even interested in considering. Paramount spelled it out plainly: if Paramount and Warner do not get together, they will not be in a position to compete against Netflix (NFLX), Amazon (AMZN) or Disney (DIS) by themselves.</p>
<div class="lb-trans"><p>但派拉蒙也提出了一个很少有人愿意考虑，甚至不感兴趣考虑的问题。派拉蒙明确表示：如果派拉蒙和华纳不联合，他们将无法单独与 Netflix（NFLX）、亚马逊（AMZN）或迪士尼（DIS）竞争。</p>
</div><p>Neither Paramount+ nor HBO Max has the scale to &#34;compete effectively&#34; against its rivals in the space. Further, neither is likely to grow sufficiently to be able to reach that point in the foreseeable future. The top three streaming providers—Netflix, Amazon and Disney—have a combined total of 65% of the streaming video on demand (SVOD) market. Paramount would basically have to take most of what was left in order to pose a real competitive threat.</p>
<div class="lb-trans"><p>无论是派拉蒙 + 还是 HBO Max 都没有足够的规模来 “有效竞争” 对手。此外，未来也不太可能有足够的增长来达到这一点。前三大流媒体提供商——Netflix、亚马逊和迪士尼——在视频点播（SVOD）市场的总份额达到 65%。派拉蒙基本上必须占据剩余的大部分，才能构成真正的竞争威胁。</p>
</div><h2><strong>Is Paramount Stock a Good Buy Right Now?</strong></h2>
<div class="lb-trans"><h2><strong>派拉蒙股票现在值得购买吗？</strong></h2>
</div><p>Turning to Wall Street, analysts have a Moderate Sell consensus rating on PSKY stock based on one Buy, five Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 9.48% loss in its share price over the past year, the average PSKY price target of $11.38 per share implies 8.49% upside potential.</p>
<div class="lb-trans"><p>转向华尔街，分析师对 PSKY 股票的共识评级为适度卖出，过去三个月内有一项买入、五项持有和四项卖出，如下图所示。在过去一年中股价下跌 9.48% 之后，PSKY 的平均目标价为每股 11.38 美元，意味着有 8.49% 的上涨潜力。</p>
</div>

"…Red Flags Everywhere": Paramount Skydance Stock (NASDAQ:PSKY) Slips as It Takes the Fight to Regulators

Tip Ranks

Paramount Global

Warner Bros. Discovery

First Trust S-Network Streaming and Gaming ETF

Paramount Skydance Corporation - CL B

奈飞

亚马逊

迪士尼

“到处都是危险信号”：派拉蒙 Skydance 股票（NASDAQ:PSKY）下跌，因为它正在与监管机构展开斗争