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.
Nickelodeon and VStar Entertainment Group announced the launch of PAW Patrol Live! "Heroes Unite", an interactive live stage show based on the popular animated series. Beginning its U.S. tour on February 4, 2023, ticket pre-sales start on September 13, with public sales on September 16. This production celebrates the franchise's 10th anniversary, offering engaging experiences for families. Over 4.5 million fans have attended previous shows globally. The touring collaboration aims to deliver memorable entertainment for audiences, reinforcing the franchise's strong market presence.
Pottery Barn Teen, part of Williams-Sonoma (NYSE: WSM), has launched an exclusive Star Trek home furnishings collection. This collaboration, celebrating over 50 years of Star Trek, features bedding, accessories, and décor that embody the franchise's iconic themes. Available online in time for Star Trek Day, the collection includes unique designs like LED lighting and a wallpaper mural. The partnership with Paramount Consumer Products aims to offer fans elevated home decor options that resonate with Star Trek enthusiasts of all ages.
Paramount Global (NASDAQ: PARA; PARAA) announced that its CEO, Bob Bakish, will participate in the Goldman Sachs Communacopia + Technology Conference on September 14, 2022, at 1:45 p.m. ET. A live audio webcast will be accessible on Paramount's Investor Relations site, and a replay will be available shortly after the event. Paramount is a leading media and entertainment company known for its extensive portfolio including CBS, Showtime, Nickelodeon, and Paramount+.
SkyShowtime, a streaming service launched on 20 September 2022, is a joint venture between Comcast (CMCSA) and Paramount Global (PARA, PARAA). Initially available in the Nordics, it will expand to the Netherlands and Central & Eastern Europe by the end of 2022 and early 2023. Offering exclusive first-run films and new scripted series from top studios, SkyShowtime aims to deliver thousands of hours of family-friendly content. Monthly prices will be €6.99 in Finland, DKK 69 in Denmark, NOK 79 in Norway, and SEK 79 in Sweden.
Paramount Global (NASDAQ: PARA, PARAA) announced that Brian Robbins, President and CEO of Paramount Pictures and Nickelodeon, will speak at the BofA Securities 2022 Media, Communications and Entertainment Conference in Los Angeles on September 7, 2022, at 11:50 a.m. ET. A live audio webcast of the session will be available on Paramount's Investor Relations homepage, with a replay accessible afterward. Paramount Global is a leading media company known for its diverse portfolio of entertainment brands, including CBS, Showtime, and Paramount+, delivering significant audience reach.
Nickelodeon and the NFL, in collaboration with CBS Sports, are set to launch the second season of NFL Slimetime on September 14 at 7 p.m. (ET/PT). The weekly half-hour series will include exciting segments like the 'Best Play Ever' and youth football spotlights, aiming to entertain families. Hosts Nate Burleson and Young Dylan return, accompanied by new correspondent Mia Burleson. The series will air for 23 episodes, concluding on February 15, and will be available for streaming on Paramount+.
Paramount (NASDAQ: PARA, PARAA) announces the Taylor Hawkins Tribute Concert, honoring the late drummer and musician. The event takes place on September 3, 2022, at Wembley Stadium, featuring a star-studded lineup including Foo Fighters and surprise guests like Dave Chappelle and Chris Rock. The concert will be streamed live on Paramount+, Pluto TV, and MTV platforms, with on-demand access following the event. Highlights will be broadcast on CBS and MTV internationally. Proceeds from ticket and merchandise sales will benefit charities chosen by Hawkins' family.
The Nick Jr. Friends Event returns to Nickelodeon Hotels & Resorts Punta Cana and Riviera Maya, offering families significant savings of up to 43% and $400 in Resort Credits. Scheduled from September 8 to October 31, 2022, the event features character appearances from Chase, Marshall, Skye, and newcomers like Santiago from Santiago of the Seas. Families can enjoy all-inclusive amenities, including gourmet dining and themed activities. The offer is valid for bookings made by October 30, 2022.
Paramount+ has announced the premiere of BABY SHARK'S BIG MOVIE!, the first feature-length animated film based on the popular preschool franchise. Set to debut during the holiday season in 2023, the film will follow Baby Shark's adventures in Chomp City, facing an evil pop starfish named Stariana. Directed by Emmy Award-winner Alan Foreman, this movie is a collaboration between Nickelodeon Animation and The Pinkfong Company. The Baby Shark franchise, which features a hit series, Baby Shark's Big Show!, continues to dominate preschool television in the U.S.
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