Welcome to our dedicated page for Paramount Global Class B news (Ticker: PARA), a resource for investors and traders seeking the latest updates and insights on Paramount Global Class B stock.
Paramount Global Class B Common Stock (symbol: PARA) represents shares in one of the world’s leading global media and entertainment companies. Paramount Global, previously known as ViacomCBS, is driven by a portfolio of iconic consumer brands including CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, and streaming services such as Paramount+, Pluto TV, and BET+.
Paramount Global’s operations span three major segments: TV media, filmed entertainment, and direct-to-consumer. The TV media segment includes extensive television production studios, various broadcast and cable networks, such as CBS, which delivers the largest share of the U.S. television audience. The filmed entertainment segment consists of film studios including Paramount Pictures, which produces and licenses movies to theaters and media outlets globally. The direct-to-consumer segment includes the innovative streaming services Paramount+, Pluto TV, and BET+, providing a vast array of original series, hit shows, and popular movies.
In recent developments, Paramount+ announced the renewal of its original animated preschool series DORA for a second season, showcasing the company's commitment to children's programming. Additionally, Paramount Global has established a new leadership structure with an Office of the CEO after the stepping down of President and CEO Bob Bakish. The new team is focused on accelerating growth, developing popular content, and optimizing the streaming strategy.
Paramount Global's vast content library and innovative digital services position it strongly in the market. The company recently reported that CBS programming was viewed for over 456 billion minutes across various platforms, underscoring its extensive reach and audience engagement. Moreover, Paramount Global continues to form strategic partnerships, such as the multi-year distribution agreement with Charter Communications, enhancing value for both companies’ consumers.
The company's financial health remains robust, as evidenced by its solid performance in yearly earnings and the ongoing enhancement of its streaming and broadcast services. Paramount Global is dedicated to creating premium content and experiences for audiences worldwide, making it a significant player in the entertainment industry.
OTOY has released '765874 Unification,' an immersive media experience commemorating the 30th anniversary of Star Trek: Generations on The Archive app for Apple Vision Pro. The 8-minute video features Sam Witwer as James T. Kirk and Lawrence Selleck as Spock, with William Shatner and Susan Bay Nimoy serving as executive producers.
The production includes a 20-minute retrospective by Shatner, new interactive sets, and documentary interviews. Directed by Carlos Baena, the project features original music by Michael Giacchino and combines digital prosthetics with live action filming. The experience connects multiple Star Trek eras and is available in Digital Cinema 4k HDR and spatial video, exclusively mastered for Apple Vision Pro.
BET announced the launch of Shop With BET, a curated marketplace developed with Cistus Media that showcases Black-owned and inclusive brands. The platform debuts with exclusive content hosted by KJ Smith, Mara S. Campo, and Gabrielle Richards. A half-hour episode of Shop With BET: Where Culture Meets Commerce will air on November 13, 2024, at 10 PM ET/CT following Tyler Perry's Sistas. The marketplace aims to connect commerce with Black culture, leveraging BET's position as the #1 series on TV for Black viewers. Visitors can subscribe at ShopWithBET.com for early access to exclusive collections and -edition items.
Pepsi and Regal are partnering to create 'The Pepsi COLAsseum' at Regal Times Square in New York City, offering fans an immersive experience ahead of Paramount Pictures' Gladiator II release on November 22. The free event on November 19 will transform the theatre into a Roman Colosseum 'hypogeum,' featuring costume displays, AR experiences, themed snacks, and entertainment. Lucky attendees will be the first to watch Gladiator II in 4DX at the world's largest 4DX auditorium. The film stars Paul Mescal, Pedro Pascal, Joseph Quinn, Connie Nielsen, and Denzel Washington.
Paramount Pictures has announced a strategic partnership with Scuderia Ferrari HP to celebrate the release of Gladiator II. The collaboration features Ferrari drivers Charles Leclerc and Carlos Sainz attending the Royal Global Premiere in London wearing custom-made tuxedos by Ferrari's Creative Director.
The partnership includes exclusive content across digital and TV channels, with Ferrari-branded livery at the Las Vegas Grand Prix. The collaboration aims to unite cinematic storytelling with motorsport excellence, celebrating both brands' commitment to innovation and legacy.
Gladiator II, directed by Ridley Scott, follows Lucius (Paul Mescal) as he enters the Colosseum to fight against tyrannical Emperors, continuing the saga of power and vengeance in Ancient Rome. The film releases on November 15.
Super League (Nasdaq: SLE) has partnered with Paramount Pictures to launch 'Gladiator Gauntlet', a custom Fortnite map inspired by the upcoming film Gladiator II. The experience, available from November 9 to 29 for users over 18, features a detailed recreation of the film's Colosseum using live art scans. The initiative includes collaborations with popular UEFN map creators who will integrate Gladiator NPCs and portals within their experiences. Paramount Pictures will promote the map through Twitch streams featuring notable Fortnite content creators Typical Gamer, Loserfruit, and Peterbot.
Paramount Global (NASDAQ: PARA, PARAA) announced its third quarter 2024 financial results ending September 30, 2024. The company will host a conference call at 8:30 a.m. (ET) with a live audio webcast available on Paramount's Investors homepage. The call can be accessed by dialing 833-470-1428 (domestic) or 929-526-1599 (international) using access code 298878. An audio replay will be available using code 290593. All earnings-related materials will be accessible on Paramount's Investors website.
Skechers achieved record-breaking success at its 16th Pier to Pier Friendship Walk, raising over $3.4 million, surpassing its $2.5 million goal. The event, co-sponsored by Nickelodeon, attracted nearly 22,000 registrants and has now raised more than $27 million in total for children with special needs, public schools, and college scholarships. The funds support the future Friendship Campus, a $55 million facility opening in 2026, offering vocational programs and life skills training. The Walk's proceeds also help reduce class sizes, update school facilities, and provide college scholarships, having donated over $1.1 million in scholarships to date.
BET Media Group announces the premiere of the 'BET Black Men's Summit', airing October 29, 2024, at 10 PM ET/9 PM CT. Hosted by D.L. Hughley, the special brings together influential Black men to discuss critical issues ahead of the 2024 presidential election. The summit features prominent guests including Michael Ealy, Jermaine Dupri, and Ben Crump, addressing economic disparities, political engagement, and reproductive rights. According to BET's study, while 89% of Black men intend to vote, nearly 20% feel ignored in the political process. The summit is part of BET's 'We VOTE' campaign aimed at increasing civic engagement and voter participation within the Black community.
Nickelodeon has announced that Kamala Harris has won their Kids Pick the President 'Kids' Vote' poll with 52% of the votes, while Donald Trump received 48%. Over 32,000 virtual ballots were cast between October 3-23. The results will be announced in a special half-hour program hosted by Nate Burleson and his daughter Mia, airing at 8 p.m. (ET/PT) across Nickelodeon platforms and Paramount+.
The special will focus on issues important to young people in the 2024 presidential election, including the economy, AI technology, and health. Nickelodeon has partnered with NAMLE to provide media literacy resources for parents through kidspickthepresident.com as part of their Our World prosocial initiative.
Yellow Rose by Kendra Scott has launched a -edition Yellowstone Collection in collaboration with Paramount Consumer Products, coinciding with the return of the series' fifth season. The collection features 13 styles priced between $50-$250, including bracelets, rings, and necklaces inspired by the Yellowstone Dutton Ranch and Beth and Rip's love story. 20% of the purchase price will be allocated to the Nest Women of the West Fund through The Kendra Scott Foundation, supporting American craftsmen and artisans. The collection is now available on KendraScott.com and targets Yellowstone's audience of over 12 million viewers.
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