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Block stock rises following profit growth tied to Cash App

Yahoo Finance examines Block shares as Wall Street analysts issue stock ratings on the digital payment company. Read More...

Reuters

Warner Bros Discovery sues Paramount over ‘South Park’ streaming rights

The rights to stream “South Park,” the popular animated comedy featuring foul-mouthed children, is the subject of a new lawsuit where Warner Bros Discovery Inc is seeking hundreds of millions of dollars in damages from Paramount Global. In a complaint filed on Friday in a New York state court in Manhattan, Warner said it paid Paramount and “South Park” creators Trey Parker and Matt Stone more than $500 million in 2019 for the exclusive right to stream 333 episodes domestically on HBO Max, including the forthcoming seasons 24 to 26. Warner said that after being told in 2020 it would not receive 10 new episodes, representing season 24, because the COVID-19 pandemic had halted production, the “South Park” creators began producing other content, while Paramount prepared to launch its own Paramount+ streaming service.

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