Normally, when we think of entertainment giant Paramount Skydance (PSKY), we think of movies, or perhaps television series. We do not generally think of short clips unless we want to catch a particularly funny joke or exciting action sequence. But Paramount is actively considering the short form, and has already started opening up the floodgates accordingly. Investors were less than pleased, and sent Paramount shares down fractionally in the closing minutes of Tuesday’s trading.
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Paramount rolled out the latest version of the Paramount+ app on iOS recently, and put particular focus on short-form material. This included all the most reasonable elements of a short-form experiment, starting with highlights from sports events, bits from CBS News, and clips and trailers for UFC events and other shows.
Paramount wants to make its app a much more attractive proposition, with users opening the app several times a day instead of just once for a few hours. Increased engagement could even lead to new features, like having the app play statistics alongside a UFC fight or during other sporting events. Paramount is a long way behind many of its competitors, so Paramount’s bid to farm more engagement makes perfect sense in that light.
This Time for Real?
The future of Star Trek is a point that has many enthusiasts up late at night, wondering just what will happen next. In fact, fans have been promised a new movie for years now, but we seem to be no closer to actually getting such a title made. Star Trek is kind of in a bad place right now. Most of current Trek is either canceled or about to end, and there does not seem to be much on the horizon to replace it.
With other reports suggesting a “hard reset” is in the works that will render the Kurtzman era non-canon, only time can tell just what is ahead. With so many outstanding plot threads left to be resolved—the status of the Delta Quadrant, the Gamma Quadrant, and most of the major powers of the Alpha and Beta Quadrants are all comparative unknowns right now—there is plenty to do. The question is, will we get anything resolved? Or will it be back to time skips and therapy sessions?
Is Paramount Stock a Good Buy Right Now?
Turning to Wall Street, analysts have a Moderate Sell consensus rating on PSKY stock based on five Holds and five Sells assigned in the past three months, as indicated by the graphic below. After a 7.65% rally in its share price over the past year, the average PSKY price target of $11.38 per share implies 2.02% downside risk.
