Welcome to our dedicated page for PARAMOUNT GLOBAL news (Ticker: PARA), a resource for investors and traders seeking the latest updates and insights on PARAMOUNT GLOBAL stock.
Paramount Global (NASDAQ: PARA, PARAA) is a media, streaming and entertainment company whose news flow reflects activity across its portfolio of well-known brands, including CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. News about Paramount often covers corporate developments, content deals, programming announcements and brand partnerships tied to its extensive library of TV and film titles.
Investors and followers of PARA can expect news items on quarterly earnings results and related conference calls, as shown by announcements of second quarter financial results and scheduled investor webcasts. These updates provide insight into how the company communicates its performance and outlook to the market.
Paramount-related news also highlights content and programming moves, such as Nickelodeon adding series like "Modern Family" to the Nick at Nite lineup, or airing animated series including "Unicorn Academy" and "Vida the Vet." Announcements about new preschool series like "Tim Rex in Space" demonstrate how Paramount uses its networks and co-production arrangements to bring new content to audiences in different markets.
Another recurring theme in news about Paramount is the use of its franchises and characters in collaborations and campaigns. Examples include PAW Patrol cupcake assortments developed through Paramount Consumer Products, SpongeBob SquarePants fashion and lifestyle collections, and global campaigns with Plan International featuring Dora to support girls' education. Corporate transaction updates, such as the planned closing of transactions with Skydance Media and the expected change of trading symbol to PSKY for New Paramount, also appear in the news stream.
By following PARA news, readers can track how Paramount deploys its brands, content library and distribution platforms across television, streaming, consumer products and social impact initiatives, as well as stay aware of major corporate and capital markets developments affecting the company.
Paramount Global (NASDAQ: PARA, PARAA) has announced changes to its Board of Directors, including the addition of Dawn Ostroff as a non-executive director, pending stockholder approval at the Annual Meeting on May 8, 2023. Ostroff, previously at Spotify, brings extensive experience in content and advertising. Concurrently, Candace Beinecke and Ronald Nelson will not seek re-election, having served since 2018 and 2016 respectively. The Board will consist of 11 members, with 8 independent directors after the stockholder vote. This strategic shift aims to enhance Paramount's content strategy and drive future growth.
Nickelodeon has welcomed twelve new participants to its annual Writing and Artist Programs, designed to nurture creative voices from underrepresented communities. This year's programs are conducted in-person at the Nickelodeon Animation Studio in Burbank for the first time since 2020. The Writing Program, now in its 23rd year, and the Artist Program, celebrating its 12th year, are aligned with Paramount's Content for Change initiative. These initiatives support aspiring writers and artists by providing mentorship and hands-on experience in the creative industry, enhancing diversity and inclusion within Paramount's content production.
Paramount Pictures has formed a Green Team comprising 30 members from various divisions to advance sustainability goals through education, facility enhancements, and responsible production. The team recently conducted an E-waste drive in January, partnering with Homeboy Industries to collect and dispose of electronic waste. A total of over 2,300 pounds of e-waste was responsibly managed, highlighting the studio's commitment to diverting waste from landfills and promoting recycling. This initiative marks a continued effort, with drives held annually to manage e-waste effectively.
Paramount Global launched its first global e-commerce site, ParamountShop.com, on March 15, 2023. This platform features over 7,000 items representing more than 125 brands including CBS, MTV, and Nickelodeon. Paramount Shop aims to enhance customer engagement by offering a seamless shopping experience with a variety of products across categories like apparel, collectibles, and toys. The site supports worldwide shipping and will introduce localized experiences in the US, Canada, UK, and Germany. As Paramount expands its online presence, the platform is designed to reflect the company's popular content and culture-defining brands.
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
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.
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