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 Global (NASDAQ: PARA, PARAA) will announce its fourth quarter and full year 2022 financial results on February 16, 2023 at 8:30 a.m. (ET). Following the announcement, the company will host a conference call that can be accessed at the company’s Investor homepage. An audio replay will be available shortly after the call. Paramount Global is a leading media and entertainment company boasting a diverse portfolio including CBS, Showtime Networks, Paramount Pictures, and more. The company aims to deliver premium content and experiences to a global audience.
Paramount Global (NASDAQ: PARA, PARAA) plans to announce its Q4 and full-year 2022 financial results on February 16, 2023. The earnings call will start at 8:30 a.m. ET and will be accessible live on Paramount's Investors homepage. Participants can join the call via phone using the domestic number 844-200-6205 or international 929-526-1599, with an access code of 416904. An audio replay will be available later the same day. Paramount boasts a broad portfolio that includes major brands like CBS, Showtime, and Paramount+, providing substantial content offerings and audience reach.
Nickelodeon announces an exciting crossover event titled SpongeBob SquarePants Presents The Tidal Zone, set to premiere on January 13, 2023, at 7:00 p.m. ET/PT. This hour-long special will feature characters from the SpongeBob Universe, including SpongeBob SquarePants, The Patrick Star Show, and Kamp Koral. Viewers can also catch encore presentations on January 14 and January 15. The franchise has remained a top-rated animated series globally, with a legacy of cultural impact and significant viewer engagement.
Paramount+ has launched in Germany, Austrian, and Swiss markets, expanding its global footprint to 45 markets. Following the successful launch in France, the service offers thousands of hours of entertainment, including STAR TREK: STRANGE NEW WORLDS and YELLOWSTONE. Key highlights include a strong lineup of local content and upcoming series like DER SCHEICH and SIMON BECKETT'S CHEMISTRY OF DEATH. Subscribers can access the service for €7.99, with a 7-day trial. Marco Nobili, EVP of Paramount+, emphasized 2022 as a pivotal year for the service's global expansion.
Paramount Global (NASDAQ: PARA; PARAA) announced that its CEO, Bob Bakish, will participate in a Q&A session at the UBS Global TMT Conference in New York on December 6, 2022, at 10:50 am ET. A live webcast will be available on Paramount's Investor Relations site, with a replay accessible afterward. Paramount is a major media and entertainment company known for its extensive portfolio, including CBS, Showtime, and Paramount+. It leads in audience reach and has a significant library of TV and film content.
Paramount+ announced the global streaming release of the blockbuster film TOP GUN: MAVERICK, set for December 22, 2022. This highly anticipated film, which was the #1 film of 2022, will be available in the U.S., Canada, Australia, Germany, Switzerland, Austria, Italy, and several previously announced markets. Audiences in South Korea and France will gain access in 2023. The film follows Pete "Maverick" Mitchell, played by Tom Cruise, as he navigates new challenges and a specialized mission.
Nickelodeon and Mattel Television have announced the renewal of the animated series Monster High for a second season, consisting of 20 episodes. Season one premiered on October 28, 2022, and has already garnered a strong 0.58 K2-11 rating. The series has reached 1 million Kids 2-11 and nearly 4 million total viewers across Nickelodeon networks. An all-new digital series, Monster High Mysteries, will also launch on November 18, featuring 8 episodes. The franchise aims to promote self-acceptance and unique identities among youth.
Nickelodeon and Paramount+ announced the premiere of the new movie musical Snow Day, set for December 16, 2022, on Paramount+ in the U.S. and Canada, with a Nickelodeon airing at 7 p.m. (ET/PT). The film is a reimagining of the beloved 2000 classic, featuring a cast that includes Ky Baldwin and Michaela Russell. Directed by Emmy Award-winner Michael Lembeck, the film follows siblings Hal and Natalie as they pursue their dreams during an unexpected snow day. The movie also stars Jerry Trainor and Laura Bell Bundy, among others.
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