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.
Nex and Paramount Game Studios have launched 'Teenage Mutant Ninja Turtles Rooftop Mayhem', a side-scrolling action motion game exclusively for the Nex Playground console. Set in the Mutant Mayhem universe, the game allows players to choose from four playable characters - Leonardo, Raphael, Donatello, or Michelangelo - as they battle through Brooklyn's rooftops to defeat Superfly and his mutant forces.
The game features 2-player co-op mode, iconic boss battles, and character progression with unlockable combos and moves. This release adds to Nex Playground's growing partnership portfolio, which includes major brands like Hasbro, Mattel, Sesame Workshop, Miraculous Corp, Universal Products & Experiences, and Halfbrick Studios. The console is available through major retailers including Amazon, Best Buy, Target, and Walmart.
Paramount Global (PARA) and Comcast (CMCSA) have announced the renewal of their comprehensive distribution agreements. The multi-year deals ensure continued delivery of Paramount's broadcast, entertainment, news, and sports content across Xfinity platforms.
The agreement includes carriage of Paramount's networks such as CBS, BET, Comedy Central, MTV, Nickelodeon, and Paramount Network. Comcast subscribers will maintain access to streaming services including Paramount+, Pluto TV, and BET+. Additionally, Comcast gains rights to make Paramount+ with SHOWTIME available to qualifying Xfinity customers.
While the specific terms of the agreement remain undisclosed, both companies expressed satisfaction with the renewed partnership, emphasizing the importance of providing diverse content options to their audiences.
Paramount's Nickelodeon and CBS Sports announced their special NFL Wild Card game broadcast featuring the Los Angeles Chargers vs Houston Texans on January 11, 2025, at 4:30 PM ET. The 'NFL Wild Card Game Live from Bikini Bottom' will offer a unique alternate telecast alongside CBS Sports' main broadcast.
The presentation will feature SpongeBob SquarePants and Patrick Star in the virtual booth with CBS Sports analyst Nate Burleson, while Sandy Cheeks and NFL Slimetime's Dylan Schefter report from the sidelines. The broadcast will include enhanced Nick-themed graphics, augmented reality, and appearances by various Paramount characters including Transformers, Hey Arnold!, and Sonic the Hedgehog characters.
Special features include the Submarine Blimp equipped to Slime the crowd, PAW Patrol-themed 'SkyeCam', and end zone clam cannons. The event marks CBS Sports' and Nickelodeon's sixth NFL collaboration, following their Emmy Award-winning Super Bowl LVIII alternate telecast.
Paramount Pictures (PARA) announced its Sonic the Hedgehog film franchise has surpassed $1B in total box office receipts worldwide. Sonic the Hedgehog 3 has earned over $312M globally, with $187M domestically and $100M+ internationally. The first two films earned a combined $725.2M globally and generated $181M in home entertainment revenue.
The third installment received an 'A' CinemaScore and holds an 86% Rotten Tomatoes critics' score, tying for the best-reviewed video game adaptation. The spinoff series 'Knuckles' became Paramount+'s #1 Kids & Family series with 11M global streaming hours in its first 28 days. The franchise's success has led to development of a fourth installment.
The latest film features returning cast including Jim Carrey, and introduces Shadow as a new antagonist. The movie's international opening performed 83% better than its predecessor on a like-for-like basis.
Paramount Global (NASDAQ: PARA, PARAA) has announced the redemption of all its remaining outstanding 4.750% senior notes due May 15, 2025. The redemption will take place on December 27, 2024, with an aggregate principal amount of $125,561,000 to be redeemed. The redemption price will include 100% of the principal amount, a make-whole amount, and accrued and unpaid interest up to the redemption date. Holders of the notes through brokers or banks should contact their intermediaries for information, while direct holders can contact Deutsche Bank Trust Company Americas at (800) 735-7777.
Paramount announced that The Big Bang Theory will join Nick at Nite and MTV lineups, marking the show's first return to Paramount since its CBS run. Nick at Nite will begin airing the series on December 24 with holiday-themed episodes, followed by Season 4 starting December 27, airing daily from 12-2 a.m. (ET/PT). MTV will launch with an all-day Season 3 marathon on January 1, followed by weekend airings of all 12 seasons starting January 4.
The 10-time Emmy® Award-winning series joins Nick at Nite's late-night programming alongside Young Sheldon, Friends, and Modern Family. The licensing agreement was secured through Warner Bros. Discovery Content Sales.
Paramount has partnered with Catchafire to launch the Talent for Good program, enabling its 25,000 global employees to engage in skills-based volunteering. The initiative, which started in 2015 under Viacom, has evolved from a US-focused program to a global platform offering various volunteer opportunities.
Through virtual and in-person options, employees can support over 14,000 nonprofits in areas such as translation, marketing, communications, and business development. The program offers flexible volunteering formats, from 15-minute microvolunteering to full-length projects and board service opportunities, allowing employees to choose based on their skills, interests, and availability.
The initiative serves dual purposes: providing nonprofits with valuable resources while fostering employee engagement and professional development through cross-cultural experiences and skill-building opportunities.
PAW Patrol Live! announces a Black Friday and Cyber Week promotion offering up to 30% off select ticket prices using promo code PPLGIFT through December 8, 2024. The discount applies to both 'A Mighty Adventure' and 'Heroes Unite' shows across multiple venues in the United States from December 2024 through May 2025. Based on Nickelodeon's animated preschool series, PAW Patrol Live! has entertained 6 million people across 40 countries since its 2016 debut. The promotion excludes Detroit shows, where a different discount applies.
Plan International and Paramount have announced a global partnership launching on International Day of the Girl Child to promote girls' education and gender equality. The campaign features Nickelodeon's Dora and includes several key initiatives: the establishment of a new Dora Fund providing grants for youth-led organizations, distribution of backpacks with school supplies, a global PSA across Paramount networks, and a resource hub. The campaign aims to address the crisis of 224 million out-of-school children worldwide, with girls facing the greatest barriers to education. Plan International reached 10.5 million people through education programs in 2023 and seeks to expand this impact through this partnership.
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.
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