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According to regulatory filings released on Monday, Berkshire Hathaway disclosed it purchased a large position in Paramount Global in the first quarter of this year. Berkshire Hathaway purchased a total of 68.9 million shares, worth $2.6 Million by the end of March.
Shares of the company jumped 15.4% on this news Tuesday. Paramount is Berkshire Hathaway’s 18th largest holding as of the end of the first quarter of 2022.
Berkshire Hathaway also disclosed they had taken positions in HP and Citigroup. Currently, Berkshire Hathaway’s largest holding is Apple.
It was announced Monday that Harrison Ford and Helen Mirren will be staring in a “Yellowstone” prequel that is in the works currently titled “1932”. It is set to debut in December of this year and is the story of the Dutton family’s trials on their land in Montana.
Currently “1883” streams on paramount+ and stars country stars Tim McGraw and Faith Hill.
Yellowstone’s success has been a slap in the face to Netflix, as too much of the “woke media” is pushed by the mainstream left in our view. The show, which now has two prequels, bucks what has been pushed so hard by “liberal media” in the eyes of many.