Paramount Global Class B - PARA STOCK NEWS

Paramount Global launched its first global direct-to-consumer e-commerce site, ParamountShop.com, on March 15, 2023. The platform showcases over 7,000 items from more than 125 brands including CBS, Comedy Central, MTV, and Nickelodeon. Customers can explore a wide range of products across various categories such as apparel, collectibles, and toys, while also engaging with popular franchises like SpongeBob SquarePants and Star Trek. The site supports worldwide shipping and offers localized experiences in the US, Canada, UK, and Germany, with plans for further expansion.

Paramount Global has donated $300,000 to North Community High School, in support of the student football team featured in the new docuseries "Boys in Blue", directed by Peter Berg. This contribution is part of their Content for Change initiative, which aims to promote positive social change through media. The donation highlights the company's commitment to community involvement and social issues.

On March 10, 2023, Paramount Global (NASDAQ: PARA, PARAA) announced its Board of Directors has declared a quarterly cash dividend of $0.24 per share for Class A and Class B Common Stock. This dividend will be payable on April 3, 2023, to stockholders of record as of March 20, 2023. Additionally, a dividend of $1.4375 per share on its 5.75% Series A Mandatory Convertible Preferred Stock will also be paid on the same date. These actions reflect the company’s commitment to returning value to shareholders.

Paramount Global (NASDAQ: PARA, PARAA) has declared a quarterly cash dividend of $0.24 per share for its Class A and Class B Common Stock, payable on April 3, 2023 to stockholders of record by the close of business on March 20, 2023.

Additionally, a dividend of $1.4375 per share will be issued for its 5.75% Series A Mandatory Convertible Preferred Stock, also payable on April 3, 2023.

This announcement reflects Paramount's ongoing commitment to return value to its shareholders through regular dividends amidst its diverse media portfolio.

Paramount Global (NASDAQ: PARA, PARAA) has launched a new campaign titled 'Popular is Paramount', emphasizing its strength in creating and distributing popular content. This campaign aims to enhance its brand positioning among advertisers, distributors, investors, and the creative community, showcasing its broad portfolio and track record of producing mass-market hits across various platforms. The campaign will run through Summer 2023 and will feature innovative marketing strategies including extensive media placements in major cities like New York and Los Angeles. This initiative highlights Paramount's commitment to leveraging its extensive content library to connect with diverse audiences.

Paramount Global (NASDAQ: PARA, PARAA) has launched the "Popular is Paramount" campaign, showcasing its strength in creating and popularizing content across various platforms. This initiative emphasizes Paramount's role as a key entertainment partner for advertisers, distributors, and the creative community. The campaign, running through Summer 2023, features leading intellectual properties (IP) to demonstrate the company's cultural and commercial impact in the media industry. Through innovative marketing strategies and a new visual design system, Paramount aims to connect its legacy with future content offerings, enhancing its market presence in New York and Los Angeles.

Playmates Toys unveiled a new line of Teenage Mutant Ninja Turtles action figures, vehicles, and role play toys linked to the upcoming film Teenage Mutant Ninja Turtles: Mutant Mayhem. These products, set to launch on June 25, 2023, showcase characters in vibrant designs inspired by the movie produced by Seth Rogen. The lineup includes articulated figures, deluxe action figures with sound, giant figures, and playsets like the Pizza Fire Van and Sewer Lair Playset. Notably, the TMNT franchise continues to thrive, evidenced by the success of re-released classic toys. The film will premiere in theaters on August 4, 2023.

Producer Seth Rogen has announced a star-studded voice cast for the CG-animated film Teenage Mutant Ninja Turtles: Mutant Mayhem, which is set to be released in theaters on August 4, 2023. The cast features notable actors including Rose Byrne, John Cena, Jackie Chan, and Paul Rudd. The announcement was made during the Nickelodeon Kids' Choice Awards on March 4, 2023, and the film follows the Ninja Turtles as they seek acceptance in New York City. Nickelodeon's first CG-animated theatrical production, the film aims to rejuvenate the beloved franchise that has generated billions in consumer products since its inception in 1984.