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 announced the premiere of The Tiny Chef Show on September 9 at 11:30 a.m. (ET/PT), featuring celebrity guests like Kristen Bell, Tabitha Brown, and Josh Gad. Produced with Imagine Kids+Family, the series showcases Tiny Chef cooking plant-based dishes with the help of celebrity friends and animated characters. Paramount Consumer Products is leading the global licensing efforts for merchandise. The show aims to build a strategic franchise around the popular Tiny Chef character, who has gained immense popularity on social media.
Paramount Global (NASDAQ: PARA, PARAA) reported its second quarter financial results for the period ended June 30, 2022. The company continues to expand its portfolio, which includes CBS, Showtime Networks, and Paramount+. Key highlights include substantial audience reach with innovative streaming services and a robust library of TV and film titles. Despite challenges in the media landscape, Paramount remains a key player in entertainment, emphasizing its commitment to delivering quality content and experiences to audiences worldwide.
Paramount Global (NASDAQ: PARA; PARAA) has declared a quarterly cash dividend of $0.24 per share on its Class A and B common stock. This dividend will be payable on October 3, 2022, to stockholders of record by the close of business on September 15, 2022. Additionally, a dividend of $1.4375 per share on its 5.75% Series A Mandatory Convertible Preferred Stock has also been announced, with the same payment date.
Paramount Global (NASDAQ: PARA, PARAA) has appointed Pamela Kaufman as President and CEO of International Markets, Global Consumer Products & Experiences. This newly created role underlines the company's strategy to globalize operations and enhance international growth. Kaufman, who was previously the President of Global Consumer Products and Experiences, will oversee Paramount's international business across six continents, including streaming platforms like Paramount+ and Pluto TV. Raffaele Annecchino has departed the company after a long tenure.
Paramount+ is set to release the new animated series Transformers: EarthSpark exclusively on its platform this November. The series introduces a fresh generation of Transformers, marking the first to be born on Earth, alongside a human family. The project includes 26 episodes and boasts a talented voice cast featuring Sydney Mikayla, Danny Pudi, and others. The reveal happened at Comic-Con International 2022, showcasing the series' first look. Transformers: EarthSpark aims to redefine family dynamics within the globally recognized Transformers franchise.
Nickelodeon is set to premiere its first-ever SpongeBob Universe crossover special, "The Tidal Zone," in November. This one-hour event features characters from SpongeBob SquarePants, Kamp Koral: SpongeBob's Under Years, and The Patrick Star Show. Revealed during Comic-Con International, the special promises a multidimensional adventure led by GrandPat and includes iconic voice talent.
The announcement comes alongside news of a 14th season for SpongeBob SquarePants, further expanding the franchise's reach, which includes over 100 million viewers quarterly worldwide.
Nickelodeon and Paramount+ announced the renewal of Rugrats for a third season, adding 13 episodes to the second season. The announcement was made during Comic-Con 2022, revealing the beloved characters will continue their adventures in 2023. The reimagined series showcases Tommy, Chuckie, Angelica, and friends as they explore imaginative worlds. The original Rugrats debuted in 1991, becoming a pop culture phenomenon with multiple awards and three theatrical releases.
Nickelodeon will host the two-day music festival NickFest on October 22-23, at the Rose Bowl Stadium in Pasadena, California. MONSTA X will headline on October 22, while The Kid LAROI headlines on October 23. General tickets go on sale on July 26, starting at $115, with early access for American Express Platinum Card members from July 20. Attendees will enjoy various immersive experiences and Halloween-themed activities. Nickelodeon, part of Paramount (Nasdaq: PARA, PARAA), continues to lead as the top entertainment brand for kids.
Nickelodeon and Mattel have announced the voice cast for the new animated series Monster High, set to debut globally in Fall 2022. The series features 26 episodes that explore the lives of teenage monster children, including characters like Clawdeen Wolf and Draculaura, as they find their identity and embrace their differences. The announcement includes a live-action musical movie premiering on October 6, 2022. Monster High aims to inspire acceptance and self-expression among viewers, revitalizing a franchise popular since 2010.
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