Paramount Global

Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through the following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films, as well as the company's digital streaming services, CBS All Access and CBSN. The Cable Networks segment includes Showtime Networks, CBS Sports Network, and Smithsonian Networks. The Publishing segment manages Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Local Media segment handles CBS Television Stations and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.

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NEW YORK , March 17, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) (the "Company") today filed its proxy statement and announced changes to its Board of Directors (the "Board"), including the addition of Dawn Ostroff as an independent, non-executive director, pending a stockholder vote at Paramount's 2023 Annual Meeting of Stockholders, which will be held on Monday, May 8, 2023. Ms. Ostroff is an accomplished media & entertainment industry executive, with extensive experience across content development, multiplatform distribution and advertising.

Paramount Global Files Proxy Statement, Announces Changes to its Board of Directors

Paramount Shop Debuts with Expansive Range of Product Offerings from Across Paramount Brands, Including CBS, Comedy Central, MTV, Nickelodeon, Paramount Pictures & More NEW YORK , March 15, 2023 /PRNewswire/ -- Paramount Global today unveiled Paramount Shop ( ParamountShop.com ), its first global direct-to-consumer e-commerce site with products spanning the company's portfolio of current hits to beloved classics from the company's free-to-air, cable, theatrical films and streaming platforms. The platform will feature a broad array of products representing more than 125 brands and characters totaling over 7,000 items and more than 50,000 unique products from Paramount brands including BET, CBS, Comedy Central, MTV, Nickelodeon, Paramount Network, Paramount Pictures, SHOWTIME® and more.

Paramount Unites Brands for Launch of First Global Comprehensive E-Commerce Platform, Paramount Shop

Paramount Global (NASDAQ:PARA ) 2023 Morgan Stanley Technology, Media & Telecom Conference March 8, 2023 11:00 AM ET Company Participants Bob Bakish - President and Chief Executive Officer Conference Call Participants Ben Swinburne - Morgan Stanley Ben Swinburne All right. Good morning, everybody.

Paramount Global (PARA) Presents at 2023 Morgan Stanley Technology, Media & Telecom Conference (Transcript)

Paramount Global today announced a new brand positioning and trade campaign around the tag ‘Popular is Paramount' to reflect “the company's indisputable strength in making popular content and content popular for every audience.” “‘Popular is Paramount' is a celebration of our company, content and creative excellence,” said CEO Bob Bakish.

Paramount Global Launches New Marketing Campaign “Popular is Paramount”

New Trade Marketing Campaign and Positioning Celebrates Scale, Breadth and Impact of Paramount Content with Big, Beloved IP For All Audiences at the Center Showcases Paramount's Track Record of Making Popular Content and Content Popular for Advertisers, Distributors, Investors and the Creative Community *Click here for creative assets NEW YORK , March 8, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) is unleashing the power of content today with the launch of "Popular is Paramount," a new brand positioning and trade campaign that brings to life the company's indisputable strength in making popular content and content popular for every audience across its premium portfolio of leading brands and multiplatform assets. "'Popular is Paramount' is a celebration of our company, content and creative excellence," said Bob Bakish, President and Chief Executive Officer, Paramount.

Paramount Global Launches "Popular is Paramount"

Paramount is in talks with Tyler Perry to sell a majority interest in BET Media Group, which owns Black Entertainment Television (BET) and VH1.

Cable Network Valuations To Be Tested With Potential Sale Of BET

A pinball experience that you can't refuse CHICAGO , March 7, 2023 /PRNewswire/ -- Jersey Jack Pinball (JJP), in partnership with Paramount Consumer Products, is proud to announce The Godfather 50th Anniversary pinball machine. Collector's and Limited Editions are now available to order for your home game room or arcade.

JERSEY JACK PINBALL ANNOUNCES THE GODFATHER 50TH ANNIVERSARY PINBALL MACHINE

Paramount Global is in early exploratory talks to sell a majority stake in BET Media. The company has been pretty clear about its desire to explore opportunities to raise cash, including an attempt to sell publisher Simon & Shuster. It's move with BET Media was first reported in the Wall Street Journal.

Paramount Global Exploring Sale Of Majority Stake In BET

Shares of Paramount Global PARA, +0.33% jumped 0.6% in midday trading, reversing an earlier loss of as much as 0.7%, after The Wall Street Journal reported that the mass media company was looking into selling a majority stake in its BET Media Group. Citing people familiar with the matter, the WSJ report said Paramount was looking to boost its finances by selling off the bulk of BET Media, which includes the cable TV channels BET and VH1, so it can support its Paramount+ streaming service.

Paramount stock reverses higher after WSJ report media company was looking into selling bulk of its BET Media Group

The potential sale of part of the parent of BET and VH1 would help Paramount shore up resources for streaming.

Paramount Explores Sale of Majority Stake of BET Media Group

Paramount Global is spending billions on new content, keeping FCF negative and EPS depressed. The spending is necessary to remain relevant and competitive for the long term rather than fade away.

Paramount Global: A Long-Term Play

Paramount Global (NASDAQ:PARA ) Deutsche Bank Media, Internet & Telecom Conference February 28, 2023 8:50 AM ET Company Participants Naveen Chopra - EVP & CFO Conference Call Participants Bryan Kraft - Deutsche Bank Bryan Kraft Okay. I'm going to get started here on our next one.

Paramount Global (PARA) Deutsche Bank Media, Internet & Telecom Conference Call Transcript

Paramount has agreed to pay $122.5 million to settle a 2019 lawsuit by Viacom shareholders over the company's merger with CBS. The settlement was disclosed today in an SEC filing. In the filing (read it HERE), the company details the chronology of the case brought in Delaware Chancery Court.

Paramount To Pay $122.5M To Settle 2019 Shareholder Lawsuit Over Viacom-CBS Merger

NICKELODEON STUDIOS GREENLIGHTS THE THUNDERMANS RETURN, ALL-NEW FEATURE-LENGTH MOVIE BASED ON THE ORIGINAL HIT SHOW Original Series Cast Members Return, with Kira Kosarin, Jack Griffo, Addison Riecke, Diego Velazquez, Maya Le Clark, Chris Tallman and Rosa Blasi Share it: @TheThundermansTV @Nickelodeon #TheThundermans HOLLYWOOD, Calif. , March 2, 2023 /PRNewswire/ -- Nickelodeon Studios today announced the greenlight of The Thundermans Return, an all-new feature-length movie based on the hit live-action superhero comedy, The Thundermans.

THE THUNDERMANS ARE BACK IN ACTION!

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NEW YORK , March 1, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA; PARAA) today announced that Bob Bakish, President and Chief Executive Officer of Paramount Global, will deliver the keynote address during the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA on Wednesday, March 8, 2023, at 8:00 a.m. PT. A live audio webcast will be available on Paramount's Investors website at ir.paramount.com.

Paramount Global's Chief Executive Officer Bob Bakish to Participate in the 2023 Morgan Stanley Technology, Media & Telecom Conference

David Nevins was the latest Showtime suitor to be rebuffed by Paramount over past few years.

Paramount Turned Down $3 Billion-Plus Offer for Showtime From Former Executive

Shares of Paramount Global PARA dropped 2.7% in afternoon trading, after The Wall Street Journal reported that the media and entertainment company had turned down a bid from former executive David Nevins to buy its Showtime streaming service for more than $3 billion. Citing people familiar with the matter, the WSJ report said Nevins' bid, which was backed by private-equity firm General Atlantic, was the latest approach for Showtime Paramount has received the past few years, including from former Showtime executive Mark Greenberg.

Paramount stock falls after WSJ reports it turned down more than $3 billion bid to buy Showtime

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NEW YORK — Warner Bros. Discovery Inc. WBD, -1.14% is suing Paramount Global PARA, -4.86% , saying its competitor aired new episodes of the popular animated comedy series “South Park” after Warner paid for exclusive rights.

Warner Bros. Discovery sues Paramount over $500 million ‘South Park' deal

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NEW YORK , Feb. 21, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA; PARAA) today announced that Naveen Chopra, Executive Vice President and Chief Financial Officer of Paramount Global, will participate in a question-and-answer session during the Deutsche Bank 31st Annual Media, Internet & Telecom Conference in Palm Beach, FL on Tuesday, February 28, 2023, at 8:50 a.m. ET. A live audio webcast will be available on Paramount's Investors website at ir.paramount.com.

Paramount Global's Chief Financial Officer Naveen Chopra to Participate in the Deutsche Bank 31st Annual Media, Internet & Telecom Conference

The media company was one of the few stocks Warren Buffett's Berkshire Hathaway bought more of during the fourth quarter

Paramount Isn't Buffeted by Streaming Winds

Streaming subscribers will soon be paying more for Paramount+, whether or not they have Showtime added on to their plan.

News for Paramount Global Stock (PARAA)