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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.
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.
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.
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