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Box Office Update: Top Gun Brings in $156M
Over the weekend, Top Gun: Maverick broke the Memorial Day box office record, raking in $156M. It’s a career best for Tom Cruise, who had never had a film open to over $100M.

The original Top Gun movie was released way back in 1986 and became the year’s top-grossing film and catapulted Tom Cruise to megastardom.

Want to invest in Top Gun: Maverick's potential ongoing success?

Paramount $PARA might be a way to play it. Paramount is the distributer of the movie.

What's probably more notable is that Warren Buffett’s Berkshire Hathaway revealed a new stake in Paramount Global on May 17th.

Berkshire bought 68.9 million shares of Paramount to build a stake worth $2.6 billion as of the end of March, making Paramount Berkshire’s 18th largest holding at the end of the first quarter.

Paramount rebranded from ViacomCBS in February in a move to emphasize its flagship Paramount+ streaming service. While Paramount missed earnings expectations in its latest quarterly report, Paramount+ added 6.8 million subscribers in the first quarter.

If you're going to invest in Paramount, I probably wouldn't do so simply because of Top Gun— but I would say there is something to analyzing what makes a movie studio successful over time and investing in a consistent hit-maker. Pixar and Marvel are good examples of companies that you could have identified and made great returns on while they were making hit after hit. Eventually Disney bought both of them out.

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CNBC
Paramount misses quarterly revenue estimate, but streaming grows
Paramount Global on Tuesday said it added over 6 million streaming subscribers in the first quarter but missed revenue estimates on weak advertising sales.

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