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Paramount Global Class B - PARA STOCK NEWS

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.

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Paramount Insights conducted a global survey in 2023 to explore on-screen representation and diversity. The study, Reflecting Me, highlighted the audience's desire for improved representation. Paramount Insights engaged with leading figures in media and culture to deepen their understanding.
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Paramount Launches Adapt Employee Resource Group at Summit on Disability
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Paramount Global (NASDAQ:PARA) collaborates with CBS Sports and NFL to launch impactful initiatives in Las Vegas, promoting social good and underrepresented voices through Content for Change. Murals For Change initiative celebrates Indigenous community with public artworks. Paramount Creators House hosts exclusive event focusing on diversity, inclusion, and social impact.
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Paramount Global partners with industry affiliates and community partners to address societal issues through Content for Change initiative in Las Vegas. Collaborations with artists, executives, athletes, and storytellers aim to combat bias and stereotypes.
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Nickelodeon, The Pinkfong Company, and VStar Entertainment Group launched Baby Shark's Big Broadwave Tour, receiving a positive reception in Sioux City. The tour promises a colorful storyline, new music, and engaging twists on Nickelodeon tunes, set to continue across the U.S. until 2024.
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Paramount Pictures has renewed its partnership with Ryan Reynolds' Maximum Effort Productions for a three-year term, extending the deal through December 2026. The agreement includes motion picture development for all of Maximum Effort's projects, with Reynolds attached to star in and produce the previously announced feature film 'Boy Band', and several other projects in development. Reynolds also produces and stars in the upcoming family film 'IF', slated for theatrical release on May 17th. Maximum Effort Co-Founder Ryan Reynolds expressed excitement about the renewed partnership, emphasizing their commitment to bringing original films to movie theaters.
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OTOY, Paramount Game Studios, and Roddenberry Entertainment have launched 'The Archive' app for the Apple Vision Pro, offering nearly 2 hours of groundbreaking Star Trek spatial experiences. The app allows users to explore fully realized locations, artifacts, and items from every Star Trek TV show and film, spanning nearly 60 years of the franchise's history. It features downloadable holographic objects, remastered concept videos, and documentary films. The app's spatial content was created using cutting-edge GPU rendering tools and USD format, providing unprecedented levels of photorealism and visual fidelity. The release is a significant step towards realizing Gene Roddenberry's Holodeck, offering full visual immersion and historical accuracy.
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Nickelodeon and CBS Sports will feature the first-ever Super Bowl alternate telecast, Super Bowl LVIII Live from Bikini Bottom, exclusively on Nickelodeon, featuring SpongeBob SquarePants and Patrick Star live in the booth alongside CBS Sports' Nate Burleson and Play-by-Play Announcer Noah Eagle. The production will include enhanced graphics, augmented reality, and animated characters from SpongeBob SquarePants. The telecast will also premiere new episodes of NFL Slimetime and other programming for kids and families.
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Nickelodeon Animation Community Efforts (NiCE) team engages in various projects promoting Arts Education Advocacy and civic engagement, including mentorship programs, classroom visits, equipment donation, and volunteerism. Highlights include the Best Field Trip Ever program, Let's Draw! program, Vamos A Dibujar! program, Thanksgiving Food Drive, and Nickelodeon Masterclass. NiCE aims to make meaningful contributions to the community and provide employees with opportunities to give back.
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Paramount's Season of Giving in 2023 showcased the positive impact of employee engagement in supporting local and global causes. The company's Day of Gratitude brought employees together to donate over 300 toys, food, and supplies to families in need and 100 gifts to shelters across NYC. The Season of Giving also included international activations in offices across Europe, Australia, Asia, and Latin America, demonstrating a global commitment to social impact.
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FAQ

What is the current stock price of Paramount Global Class B (PARA)?

The current stock price of Paramount Global Class B (PARA) is $11.12 as of November 25, 2024.

What is the market cap of Paramount Global Class B (PARA)?

The market cap of Paramount Global Class B (PARA) is approximately 7.4B.

What does Paramount Global do?

Paramount Global is a leading media and entertainment company with a portfolio that includes TV networks, film studios, and streaming services such as CBS, Paramount Pictures, and Paramount+.

What are the main business segments of Paramount Global?

Paramount Global operates in three main business segments: TV media, filmed entertainment, and direct-to-consumer streaming services.

What recent achievements has Paramount Global reported?

Recent achievements include the renewal of the animated series DORA, the establishment of a new leadership structure, and strategic partnerships like the multi-year distribution agreement with Charter Communications.

Who are the key leaders in Paramount Global's Office of the CEO?

The Office of the CEO consists of George Cheeks (President and CEO of CBS), Chris McCarthy (President and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks), and Brian Robbins (President and CEO of Paramount Pictures and Nickelodeon).

How has Paramount+ performed recently?

Paramount+ has seen significant engagement with its content, including the renewal of popular series like DORA, and reported high viewership minutes across its platform.

What is Paramount Global's role in the streaming industry?

Paramount Global plays a significant role in the streaming industry with platforms like Paramount+, Pluto TV, and BET+, offering extensive content from their vast TV and film library.

How does Paramount Global support its TV media business?

Paramount Global supports its TV media business through extensive television production studios and a broad array of broadcast and cable networks including CBS, Nickelodeon, MTV, and BET.

What is Paramount Global's strategy for future growth?

Paramount Global's strategy for future growth includes developing popular content, optimizing streaming services, and forming strategic partnerships to enhance value creation.

Can you give an example of a strategic partnership by Paramount Global?

An example of a strategic partnership is the multi-year distribution agreement with Charter Communications to enhance consumer value and distribution opportunities.

Where can I find more information about Paramount Global?

More information about Paramount Global can be found on their official website, www.paramount.com, and on their social media platforms under @ParamountCo.

Paramount Global Class B

Nasdaq:PARA

PARA Rankings

PARA Stock Data

7.45B
600.73M
5.54%
77.7%
9.6%
Entertainment
Television Broadcasting Stations
Link
United States of America
NEW YORK