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Introduction
Paramount Global (PARA) is a diversified global media and entertainment company renowned for its expansive portfolio of iconic consumer brands. Operating at the intersection of TV media, filmed entertainment, and streaming services, the company consistently delivers premium content and digital experiences to audiences around the world. Its long-established reputation and extensive library of television and film titles underpin its influential position in the media landscape.
Business Segments
Paramount Global operates across three core segments, each contributing unique capabilities to its overall business model:
- TV Media: This segment encompasses broadcast and cable networks including CBS, Nickelodeon, MTV, Comedy Central, BET, and additional channels. It is distinguished by its robust production studios and an expansive network of affiliates that allow for widespread audience reach.
- Filmed Entertainment: Paramount Pictures and associated film studios form the heart of the filmed entertainment segment. Through the creation and distribution of feature films and cinematic content, this division serves theatrical venues and digital platforms alike, ensuring a continuous flow of high-quality entertainment.
- Direct-to-Consumer: With a focus on innovative digital delivery, Paramount Global leverages streaming services such as Paramount+, Pluto TV, and BET+. This segment integrates content from its production studios with on-demand delivery models to meet the evolving needs of a digitally connected audience.
Content Portfolio and Distribution
The company is driven by a storied legacy of content creation and strategic partnerships. Its portfolio boasts some of the most recognized brands in the industry, ensuring a diverse range of programming that appeals to varied demographic segments. Paramount Global not only produces content, but also excels in distribution, with robust capabilities in advertising and content licensing spanning multiple continents. This multi-pronged approach reinforces its status as a pivotal player in global entertainment.
Industry Position and Legacy
Paramount Global has established itself as a formidable force in the competitive media and entertainment sector. Beyond its impressive array of content and production capabilities, its expansive library of TV and film titles provides a competitive edge that few can match. The company maintains strong partnerships with major broadcast and digital distribution networks, ensuring continuous audience engagement and market penetration. Its strategic collaborations, including extensive deals with distribution giants and advertising measurement firms, solidify its role as an authoritative and trusted provider of multimedia entertainment.
Innovative Production and Distribution Capabilities
Recognizing the need for continuous innovation, Paramount Global integrates state-of-the-art technologies and data analytics to streamline production and optimize distribution. The company leverages advanced audience measurement services and digital marketing insights to craft content that aligns with evolving viewer preferences. Its dynamic approach to content creation and distribution not only reinforces its market presence but also paves the way for adaptive strategies in a rapidly changing industry.
Conclusion
In summary, Paramount Global embodies the convergence of traditional media excellence and modern digital innovation. Its comprehensive business model, underscored by an array of celebrated brands and strategic partnerships, positions it as a cornerstone in the global entertainment ecosystem. Through a balanced mix of production, distribution, and data-driven marketing, the company continues to deliver rich, engaging experiences that resonate with a broad spectrum of audiences worldwide.
Paramount Global (NASDAQ: PARA) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, February 26, 2025. The company will host a conference call at 4:30 p.m. (ET) following the earnings release.
A live audio webcast will be available on Paramount's Investors homepage, and the conference call can be accessed by dialing 833-470-1428 (domestic) or 404-975-4839 (international) with access code 239215. An audio replay will be available from 7:30 p.m. (ET) on the same day through the company's website and via phone using access code 539143.
Nickelodeon announced a new special, 'NFL Slimetime Presents Nickelodeon's Game Changers,' debuting February 26, 2024, at 8:00 p.m. (ET/PT) on Paramount (PARA). The half-hour program, hosted by Young Dylan, will celebrate Black History Month by featuring prominent Black NFL quarterbacks including Patrick Mahomes, Lamar Jackson, Jalen Hurts, and Jayden Daniels, alongside legends Doug Williams and Randall Cunningham.
The special will be available on Paramount+ and Nickelodeon's YouTube channel the following day. It will be preceded by a new episode of Tyler Perry's Young Dylan and follows the final episode of NFL Slimetime's fourth season, which will air on February 12 featuring Super Bowl LIX coverage.
Paramount Global (PARA) and Nielsen have signed a new multi-year measurement and analytics deal covering all Paramount platforms, including broadcast, cable networks, and streaming services. The partnership includes advanced measurement services like Advanced Audiences, Big Data + Panel, and Nielsen ONE Ads for Connected Television.
The announcement highlights significant ratings achievements for Paramount, including CBS's AFC Championship Game drawing 57.7 million viewers and strong performance of drama series. Tracker led as the top drama with 11.3-11.6 million average viewers across fall months, while Paramount+ celebrated success with series like Lioness, Tulsa King, and Landman, the latter becoming its first billion-minute weekly performer.
CBS dramas accumulated over 50 trillion viewing minutes in Q4 2024, surpassing other broadcast networks. The multi-platform strategy proved successful with Tracker and Elsbeth achieving 26.07 billion and 14.94 billion minutes viewed respectively across multiple platforms.
Nickelodeon has announced Kid Cowboy, its first original animated series specifically developed for YouTube, debuting January 24, 2025, on the Blaze and the Monster Machines YouTube channel. Created by Grammy and Golden Globe-nominated songwriter Freddy Wexler and executive produced by Wexler and Emilio Estefan, the series features a guitar-playing hero in a futuristic world.
The music-driven, Spanish language-infused series follows the main character's adventures in the futuristic world of Esperanza, promoting values like bravery, kindness, and truthfulness. The show represents Nickelodeon's strategic move to digital-first platforms, leveraging its YouTube network that generates over two billion views and 20 billion minutes of watch time monthly across more than 50 channels in 15+ languages.
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.
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