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.
Paramount has partnered with Fresh Films for the second season of the web series Industry Insights, aimed at educating future storytellers in media and entertainment. The series, consisting of 12 episodes, features industry professionals sharing their career journeys and advice. The first episode, launched on March 3, 2023, includes insights from George Cheeks, CEO of CBS, emphasizing diverse storytelling and opportunities in the industry. Fresh Films focuses on training young filmmakers and enhancing their career prospects through hands-on experience in various filmmaking roles.
Nickelodeon Studios has announced the greenlight of The Thundermans Return, an all-new feature-length movie based on the popular series that ran from 2013 to 2018. Production will begin in Los Angeles this April, celebrating the original cast's return, including Kira Kosarin and Jack Griffo. The film will follow the superhero family's adventures as they adjust back to their old lives. The Thundermans ranks as Nickelodeon's number-one series among kids 2-11, with a significant resurgence on streaming platforms. The movie aims to captivate both original fans and new audiences, building on the show’s successful legacy.
BET Media Group, a unit of Paramount (NASDAQ: PARAA; PARA; PARAP), has announced the return of the "BET Her Awards" on March 5, 2023, in Atlanta. Sponsored by Walmart, this event honors Black women's contributions across various fields under themes like Black Love, Joy, Pride, and Power. Notable honorees include Kandi Burruss, Kym Whitley, and Marsai Martin, alongside performers Tamela Mann and MC Lyte. The awards celebrate the resilience of Black women and reaffirm BET Media Group's commitment to uplifting the Black community through strategic partnerships and innovative programming.
Paramount Global (NASDAQ: PARA; PARAA) will have CEO Bob Bakish deliver a keynote address at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA, on March 8, 2023, at 8:00 a.m. PT. The event will feature a live audio webcast available on Paramount's Investors website, with a replay accessible shortly after the conclusion. Paramount Global is a major media, streaming, and entertainment company, known for its extensive portfolio that includes CBS, Showtime Networks, Nickelodeon, and Paramount+. The company provides premium content and innovative streaming services globally, backed by a rich library of TV and film titles.
Paramount Global (NASDAQ: PARA; PARAA) announced that CEO Bob Bakish will deliver a keynote address at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023, at 8:00 a.m. PT in San Francisco, CA. A live audio webcast will be accessible on Paramount's Investors website, with a replay available shortly after the event concludes. Paramount Global is a leading media and entertainment company known for iconic brands like CBS, Showtime, and Paramount+. The company creates premium content across various platforms and boasts an extensive library of TV and film titles.
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Paramount Global (NASDAQ: PARA; PARAA) announced that Naveen Chopra, CFO, will participate in the Deutsche Bank 31st Annual Media, Internet & Telecom Conference in Palm Beach, FL, on February 28, 2023, at 8:50 a.m. ET. A live audio webcast of the session will be available on Paramount's Investors website, with a replay accessible shortly after the session's conclusion.
Paramount is a leading global media and entertainment company, featuring brands like CBS, Showtime, Paramount Pictures, and more. With a vast library of TV and film titles, Paramount also offers innovative streaming services and advertising solutions.
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