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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.

News

Jack and Jill of America, Incorporated Partners with Nickelodeon for Our World Global Initiative Celebrating Children

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Jack and Jill of America, Inc. (JACK) partners with Nickelodeon for Our World, a global initiative to inspire and empower kids. The initiative focuses on youth agency and provides resources and activities for kids to take action. The partnership celebrates World Children's Day with UNICEF USA and marks Jack and Jill of America's 85th anniversary.
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NICKELODEON AND CBS SPORTS SET FOR DOUBLE DOSE OF SLIME WITH TELECASTS OF SUPER BOWL LVIII AND NICKMAS GAME ON NICKELODEON

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Nickelodeon and CBS Sports will bring Super Bowl LVIII to Bikini Bottom for a kids and family-centric, surprise-filled special presentation of the game, airing exclusively on Nickelodeon, Sunday, Feb. 11, 2024, at 6:30 p.m. (ET). Paramount's multiplatform coverage of Super Bowl LVIII will feature CBS Sports' presentation on the CBS Television Network, which will stream on Paramount+ and on mobile with NFL+, in addition to the Nick-ified telecast exclusively on Nickelodeon. SpongeBob SquarePants, Patrick Star, Sandy Cheeks, and Larry the Lobster will join CBS Sports analysts to call the game. Nickelodeon will also air the Nickelodeon NFL Nickmas Game on Monday, Dec. 25, at 1:00 p.m. (ET), between the Las Vegas Raiders and Kansas City Chiefs, featuring Teenage Mutant Ninja Turtles and special halftime presentations.
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Professional Fighters League Acquires Bellator in Industry Transformative Deal

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Paramount Global Announces the Pricing Terms of its Maximum Tender Offers for Certain Outstanding Debt Securities

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Paramount Global (NASDAQ: PARA, PARAA) announced the pricing terms of its cash tender offers for 4.00% Senior Notes due 2026, 2.90% Senior Notes due 2027, and 3.375% Senior Notes due 2028, totaling $540,922,623.28. The offer is open to registered holders and is subject to proration and order of priority. The settlement date for validly tendered securities is expected to be November 21, 2023.
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Paramount Global Announces Early Tender Results of its Maximum Tender Offers for Certain Outstanding Debt Securities

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Paramount Global (NASDAQ: PARA, PARAA) announced the early tender results of its cash tender offers for the Maximum Offer Securities. The Maximum Offer consists of the offer to purchase up to $540,922,623.28 aggregate purchase price of the Company's 4.00% Senior Notes due 2026, 2.90% Senior Notes due 2027, and 3.375% Senior Notes due 2028. The Maximum Offer is open to all registered holders of the Maximum Offer Securities and is subject to proration and order of priority. As of the Early Tender Deadline, $802,640,000 in combined aggregate principal amount of Maximum Offer Securities were validly tendered and not validly withdrawn.
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NICKELODEON, PARAMOUNT+ AND PINKFONG REVEAL OFFICIAL TRAILER FOR ORIGINAL ANIMATED MUSICAL ADVENTURE BABY SHARK'S BIG MOVIE, PREMIERING FRIDAY, DEC. 8, ON NICKELODEON AND PARAMOUNT+

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Nickelodeon, Paramount+, and The Pinkfong Company have announced the release of BABY SHARK'S BIG MOVIE, the first-ever feature-length original animated movie based on the globally beloved preschool property. The movie follows Baby Shark and his family as they move to Chomp City - the big city of sharks, and it will debut on December 8, 2023. The film will also feature original songs, a star-studded lineup of voice actors, and is part of the Paramount+ Holiday Collection. The official soundtrack will be released on December 8, 2023, featuring songs composed by Jon Chau and written by various artists.
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Paramount Global Announces the Expiration and Results of its Any and All Tender Offers for Certain Outstanding Debt Securities

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Paramount Global (NASDAQ: PARA, PARAA) announced the expiration of its cash tender offers for its 4.750% Senior Notes due 2025 and 3.450% Senior Notes due 2026. $467,544,000 in combined aggregate principal amount of Any and All Securities were tendered, with an additional $10,323,000 in principal amount tendered pursuant to guaranteed delivery procedures. Paramount expects to accept all validly tendered Securities and deliver payment by November 15, 2023. The company also provided information about the Maximum Offers and the procedures for tendering the Any and All Securities.
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Paramount Global Announces the Pricing Terms of its Any and All Tender Offers for Certain Outstanding Debt Securities

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Paramount Global (NASDAQ: PARA, PARAA) announced the pricing terms for its cash tender offers for its 4.750% Senior Notes due 2025 and 3.450% Senior Notes due 2026. The offers are subject to conditions and are set to expire on November 9, 2023. The Total Consideration for each series of securities was determined based on the bid side price of the Reference U.S. Treasury Security and the applicable fixed spread over the yield to maturity. Paramount's obligation to accept for purchase and pay for the securities is subject to certain conditions.
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Kids Had a Blast at the Nickelodeon “Well Versed” Premiere, Aimed To Teach Children Civics

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ParamountKids - 'Well Versed' Premiere in Philadelphia Promotes Civic Education for Children with Support from Jill Biden and Laura Bush
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Paramount Global Announces Cash Tender Offers for Up to $1 Billion Combined Aggregate Purchase Price of Certain Outstanding Debt Securities

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Paramount Global announces cash tender offers of up to $1 billion for certain senior notes. The offers are open to all registered holders of the securities and are subject to proration and order of priority. The Any and All Offers expire on November 9, 2023, while the Maximum Offer expires on December 4, 2023. Holders who tender their securities before the Early Tender Deadline may receive an early tender premium of $30 per $1,000 principal amount. The settlement dates for the offers are expected to be in November and December 2023.
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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.

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Paramount Global Class B

Nasdaq:PARA

PARA Rankings

#1068 Ranked by Market Cap
#1433 Ranked by Dividends

PARA Stock Data

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