Published 12/13/2023 4:41:12 a.m.

James Packer bets big on Paramount, Netflix with Crown Casino cash

Summary by Ground News

Packer netted A$3.3 billion for the sale of his shares in the casino. He has since invested A$122 million in Paramount Global, parent company of Network Ten, as well as a more modest A$30.3 million stake in Netflix. Packer's portfolio also includes a A$7 million cut in Spotify, a $17.25million stake in Microsoft, and A$5.53 million in Block.

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James Packer bets big on Paramount, Netflix with Crown Casino cash

James Packer’s family made its fortune from the media, and the heir has returned to what he knows best, investing heavily in the fortunes of two major media companies after cashing out his Crown Resorts stake early last year. Packer netted A$3.3 billion for the sale of his shares in the casino – and has since invested A$122 million in Paramount Global, parent company of Network Ten, as well as a more modest A$30.3 million stake in Netflix. Pac…

12/13/2023 4:41:12 a.m.

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James Packer bets big on Paramount, Netflix with Crown Casino cash

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James Packer bets big on Paramount, Netflix with Crown Casino cash

James Packer bets big on Paramount, Netflix with Crown Casino cash

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