STOCK TITAN
  1. Home
  2. News
  3. PARA

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

Supply Chain at Paramount

Rhea-AI Summary
Paramount - Paramount's 2021-2022 ESG Report highlights the company's focus on mitigating environmental and social impacts in its supply chain. The report details efforts to measure and report Scope 3 emissions across the value chain, as well as initiatives to establish sustainable sourcing and procurement strategies. The company is also working to understand the environmental impacts of its streaming platforms and is actively engaging with vendors to measure emissions from purchased goods and services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.58%
Tags
none
-
News

Moose Toys Adds "Turtle Power" to Rapidly Growing Licensing Lineup, Signs Agreement With Paramount for Sought-After Teenage Mutant Ninja Turtles Property

Rhea-AI Summary
Moose Toys (Ticker: N/A) Acquires License for Teenage Mutant Ninja Turtles for Akedo Brand, Cross-Collaboration with Heroes of Goo Jit Zu Announced
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.45%
Tags
none
-
News

Climate Change at Paramount

Rhea-AI Summary
Paramount acknowledges the impacts of climate change and commits to taking action. Their environmental strategy includes reducing emissions, setting science-based targets, and assessing climate risks. They are working towards a net-zero strategy and implementing sustainable production practices. Paramount also conducted a climate risk assessment to understand their exposure to climate-related impacts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
Tags
none
News

Health, Safety, and Security at Paramount

Rhea-AI Summary
Paramount emphasizes the importance of employee mental health and well-being in their 2021-2022 Environmental, Social, and Governance Report. They offer mental health resources, wellness programs, and a weight-management program. They also have a phased plan for returning to the office and prioritize worker safety and health. Paramount has a Global Security Command Center that oversees security and emergency response efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.35%
Tags
none
-
News

An Engaged Workforce at Paramount

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.76%
Tags
none
-
News

Paramount’s Crystal Barnes on Creating Impactful Change

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.11%
Tags
none
News

PARAMOUNT GARNERS 56 PRIMETIME EMMY AWARD NOMINATIONS

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.69%
Tags
none
-
News

Paramount's Progress on ESG Goals: Workforce & Culture

Rhea-AI Summary
Paramount provides an update on their progress towards their Workforce & Culture goals outlined in their 2021-2022 Environmental, Social, and Governance Report. They are committed to elevating diversity, equity, and inclusion in every aspect of their business, creating a welcoming and nurturing culture. They have implemented policies and programs to ensure a diverse workforce and foster employee engagement. Paramount acknowledges the need for continuous improvement but is proud of their progress and optimistic about their potential for growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
Tags
none
-
News

FoodStory Brands and Paramount Consumer Products Bring Paramount Network's Hit Series, Yellowstone, to Supermarkets

Rhea-AI Summary
FoodStory Brands and Paramount Consumer Products have partnered to create a line of Yellowstone-themed Western cuisine, including coffee, seasonings, meat snacks, and Angus beef chili. The products are available at various retailers and aim to bring the rustic flavors of the hit TV series to American kitchens.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
Tags
none
News

Driving Social Impact Through Paramount's Content and Brands

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
Tags
none

FAQ

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

The current stock price of Paramount Global Class B (PARA) is $10.88 as of November 22, 2024.

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

The market cap of Paramount Global Class B (PARA) is approximately 7.3B.

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.

Stock PARA logo
Paramount Global Class B

Nasdaq:PARA

PARA Rankings

#1067 Ranked by Market Cap
#1424 Ranked by Dividends

PARA Stock Data

7.26B
600.73M
5.54%
77.7%
9.6%
Entertainment
Television Broadcasting Stations
Link
United States of America
NEW YORK