You Won't Believe This Incredible Stat About the NFL's TV Deal

By Travis Hoium – Mar 13, 2024 at 6:15AM

NASDAQ: PARA

Paramount Global

Market Cap

$8B

Today's Change

(-2.22%) -$0.27

Current Price

$11.91

Price as of April 26, 2024, 4:00 p.m. ET

Paramount owes the NFL as much money as the entire company is worth.

Paramount Global (PARA -2.22%) owed the NFL $21 billion over the next 10 years, and the value of the entire company (debt plus equity) is only $21 billion. This is a company that's in trouble if cord-cutting continues and Paramount's streaming services continue burning cash.

*Stock prices used were end-of-day prices of March 12, 2024. The video was published on March 12, 2024.

Travis Hoium has positions in Walt Disney. The Motley Fool has positions in and recommends Walt Disney. The Motley Fool recommends Comcast. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.