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.
SpongeBob SquarePants Presents The Tidal Zone is Nickelodeon's first crossover event featuring iconic characters from SpongeBob SquarePants, The Patrick Star Show, and Kamp Koral. Premiering on November 25, this special promises a multidimensional adventure filled with comedy and familiar antics. The reveal occurred during the New York Comic Con where the voice cast and executive producers shared insights. SpongeBob SquarePants remains a significant cultural phenomenon, being the most-watched animated series for nearly 20 years and expanding with new episodes and movies.
Paramount+, Nickelodeon, and Hasbro's Entertainment One (eOne) announced the debut of the animated series TRANSFORMERS: EARTHSPARK, launching its first 10 episodes on November 11 in the U.S. and Canada. The series introduces a new generation of Transformers born on Earth and highlights the voice talents, including Nolan North and Marc Evan Jackson. The trailer was unveiled at New York Comic Con 2022. The show aims to redefine family through new robot characters and human connections, with its global rollout beginning in November.
Nickelodeon and Mattel unveiled the official trailer for the Monster High animated series, debuting post the live-action movie musical Monster High The Movie on October 6, 2022, at 7 p.m. ET/PT. Viewers can catch a sneak peek of the episode 'Food Fight' and 'Unfinished Brain-ness' on the Nick App, Nick.com, and VOD starting October 7. The series, featuring a diverse cast, will premiere on Nickelodeon in the U.S. on October 28, 2022. The franchise promotes self-acceptance and individuality, launching new dolls and merchandise to resonate with a newer audience.
Karisma Hotels & Resorts and Grupo Lomas have won two prestigious awards for Nickelodeon Hotels & Resorts Riviera Maya. The Leading Edge Award recognizes their innovative Aqua Nick water park, which has attracted over 195,000 guests since August 2021. Additionally, they received AAA's Four Diamond Award for exceptional service and cleanliness, a testament to their commitment to guests. The park features numerous attractions, including themed water slides and events. These awards reflect the dedication to creating memorable experiences for families and visitors.
Paramount Global (NASDAQ: PARA, PARAA) will release its third-quarter financial results for the period ending September 30, 2022, on November 2, 2022. A conference call is scheduled for 8:30 a.m. (ET) the same day, which can be accessed via telephone or through a live audio webcast on Paramount's Investor Relations homepage. An audio replay will be available after the call. Paramount is known for its extensive portfolio in media and entertainment, including CBS, Showtime Networks, and Paramount+. Stay tuned for updates regarding their financial performance.
Nickelodeon and Mattel announced the upcoming animated series Monster High, set to premiere on October 28, 2022, at 7:00 p.m. (ET/PT). The show follows the teenage offspring of famous monsters, promoting themes of identity and acceptance. An extensive voice cast includes Ken Marino and Felicia Day, alongside previously announced actors like Gabrielle Nevaeh Green. The series will air in the U.S., Canada, the UK, and Australia, with an international rollout in 2023. Additionally, a live-action musical movie will debut on October 6, 2022.
Paramount Global (NASDAQ: PARA; PARAA) has declared a quarterly cash dividend of $0.24 per share for Class A and B Common Stock, payable on January 3, 2023. Stockholders must be on record by the close of business on December 15, 2022. Additionally, a dividend of $1.4375 per share will be issued for its Series A Mandatory Convertible Preferred Stock, also payable on January 3, 2023. This highlights the company's commitment to returning value to shareholders amidst its diverse media and entertainment portfolio.
Paramount+ officially launched in Italy on September 15, 2022, featuring over 8,000 hours of entertainment. The service showcases a rich lineup of local and international content, including original series such as THE OFFER and TULSA KING, alongside an extensive collection of popular movies. The launch event highlighted Paramount's commitment to investing in Italian talent, with new Italian originals like FRANCESCO IL CANTICO. Subscribers can access Paramount+ for €7.99 monthly or €79.90 annually, with a promotional price of €4.99 during the first ten days.
Paramount Global has appointed Jo Ann Ross as Chairman of Paramount Advertising after 30 years at the company. John Halley, previously EVP and COO of Advertising, steps in as President, leading the sales across Paramount's media portfolio. Ross will continue to provide strategic advice to ensure a smooth transition. Under Halley's leadership, innovations have enhanced advertising effectiveness. Both leaders have notable industry experience, with Ross recognized as a trailblazer, and Halley credited for driving digital advertising growth.
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