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.
Plan International and Paramount have partnered to launch a global campaign on International Day of the Girl Child (Oct. 11) to support girls' education and gender equality. The campaign features Nickelodeon's Dora and includes:
- The Dora Fund: Grants for youth-led organizations focused on girls' education
- Backpacks and supplies distribution funded by Paramount
- A global PSA airing across Paramount networks
- A Plan International resource hub
The initiative aims to address the crisis of 224 million out-of-school children worldwide, with girls facing the greatest barriers. In 2023, Plan reached 10.5 million people through education programs. The campaign invites public participation to break down barriers and ensure all children, especially girls, have access to education.
Chamère, a ready-to-drink Kir Royale inspired by the Netflix series Emily in Paris, is launching in the US this fall. The beverage, which combines sparkling wine with natural cassis flavor, aims to capture Parisian sophistication with a playful twist. Packaged in a 25cl can, Chamère will be available at select retailers in New York, New Jersey, Connecticut, Maryland, Delaware, and Washington, D.C. starting October 10th, and through ReserveBar from October 28th.
To celebrate the launch, Chamère is hosting a 'Parisian Fall Picnic' event in New York City. The brand is part of The Quintessential Brands Group, an independent spirits business with a global reach. Paramount Consumer Products, which oversees licensing for Paramount (Nasdaq: PARA, PARAA), is involved in the brand's connection to Emily in Paris.
Paramount has launched its Vote '24 campaign in partnership with the Ad Council ahead of the 2024 MTV Video Music Awards. The initiative aims to encourage young people to participate in the 2024 election. Paramount has created an online hub, VoteVoteVote.com, where individuals can check their registration status, register to vote, preview their ballot, and access voting information and resources.
The campaign follows MTV's history of covering presidential elections through youth-focused programming like "Choose or Lose". Notably, the MTV VMAs were rescheduled to avoid conflicting with the presidential debate between Kamala Harris and Donald Trump.
Paramount Global (NASDAQ: PARA, PARAA) has announced that it will release its third quarter financial results on Friday, November 8, 2024. The company will hold a conference call at 8:30 a.m. (ET) following the release of its earnings materials. A live audio webcast will be available on Paramount's Investors homepage at ir.paramount.com.
Investors can also access the conference call by dialing 833-470-1428 (domestic) or 929-526-1599 (international) using access code 298878. An audio replay of the call will be available from 11:30 a.m. (ET) on November 8 on Paramount's Investors homepage and at 866-813-9403 using access code 290593. The earnings release and related information will be accessible on the company's Investors website.
Mary Quintero, renowned Panamanian designer and entrepreneur, launches the 'Emily in Paris x Undercover' collaboration in celebration of Hispanic Heritage Month. The capsule collection, inspired by the hit TV series starring Lily Collins, is now available in the United States. Quintero, a Vital Voices fellow and award-winning entrepreneur, offers a fusion of Parisian elegance with Undercover's bold style, including vibrant footwear, clothing, and accessories.
The collection not only celebrates fashion but also supports social causes. Through its 'Positive Footprints' program, a percentage of sales will be donated to the Panamanian Fashion Council, contributing to sustainable fashion education. Undercover has previously worked with over 20 organizations, donating more than 30,000 pairs of shoes.
The launch includes an exciting Kickstarter campaign, inviting fashion enthusiasts and fans of the series to be part of this global fashion adventure. This collaboration represents Quintero's commitment to innovative design, social responsibility, and global expansion.
Paramount Global (NASDAQ:PARA, PARAA) has released its fifth annual Environmental, Social, and Governance (ESG) Report, highlighting efforts in three key areas: On-Screen Content & Social Impact, Workforce & Culture, and Sustainable Production & Operations. The report showcases Paramount's progress in social impact and sustainability, particularly during Super Bowl LVIII in February 2024.
Notable achievements include:
- Advancing the Peak Sustainability initiative, a comprehensive climate action strategy for Paramount UK
- Reducing Scope 1 and 2 GHG emissions at the Paramount Pictures Lot in Los Angeles by 46%, nearing their 50% reduction goal by 2028
- Celebrating the 27th annual Community Day, with over 7,300 employees participating in more than 170 events across 43 markets, volunteering 18.6K hours
The report aligns with external ESG frameworks and outlines the company's commitment to relevant United Nations Sustainable Development Goals.
Nickelodeon is bringing back its Kids Pick the President "Kids' Vote" poll for the 2024 U.S. presidential election, along with a new special airing on October 28. The poll, which opens today, allows children to vote for their preferred presidential candidate at kidspickthepresident.com. The results will be revealed during a half-hour special hosted by Nate Burleson and his daughter Mia, premiering on Nickelodeon and Paramount+.
The special will showcase kids' perspectives on key election issues such as the economy, AI, technology, and health. Nickelodeon has partnered with NAMLE to provide media literacy resources for parents. This initiative is part of Nickelodeon's Our World prosocial program, aimed at inspiring kids and providing tools for civic engagement.
Nickelodeon and Paramount are celebrating SpongeBob SquarePants' 25th anniversary with 'The Krabby Patty Kollab,' bringing Krabby Patty-inspired dishes to real-world menus. Starting October 8, over 100 interpretations will be available at more than 250 restaurants across 12 cities worldwide until October 27.
The collaboration includes various culinary styles, from dumplings to ice cream, all inspired by Bikini Bottom's famous secret recipe. Wendy's will offer a special Krabby Patty Kollab Burger and Pineapple Under the Sea Frosty in the U.S., Canada, and Guam through early November.
This initiative is part of a broader 25th anniversary celebration, which includes new content, experiences, and products. An anniversary special, 'Kreepaway Kamp,' will premiere on October 10 on Nickelodeon and Paramount+. Since its 1999 launch, SpongeBob SquarePants has become a global phenomenon, viewed in over 180 markets and translated into more than 30 languages.
Wendy's and Paramount are partnering to celebrate the 25th anniversary of SpongeBob SquarePants with the launch of the Krabby Patty Kollab. This -time collaboration introduces two new menu items: the Krabby Patty Kollab Burger and the Pineapple Under the Sea Frosty.
The Krabby Patty Kollab Burger features a quarter pound of fresh beef, American cheese, lettuce, tomato, pickle, onion, and a secret Krabby Kollab sauce. The Pineapple Under the Sea Frosty is a vanilla Frosty with a Pineapple Mango flavored puree swirl.
Available nationwide in the U.S., Canada, and Guam starting October 8, 2024, these items can be purchased at Wendy's restaurants and through the Wendy's mobile app. An exclusive preview will be available in Los Angeles on October 7-8 through an immersive drive-thru experience in Panorama City.
Bath & Body Works (NYSE: BBWI) has announced a new collaboration with Paramount Consumer Products for the Netflix series Emily in Paris. The -edition holiday collection features over 50 products designed to capture the essence of the show through fragrance and fashion.
The collection includes four exclusive fragrances: Champagne in Paris, Paris Amour, Lavender Luxe, and Macaron Cloud. Products range from fine fragrance mists and body care items to candles and home fragrances, priced between $1.95 and $36.95.
This partnership follows Bath & Body Works' successful collaborations with other popular TV series like Bridgerton and Stranger Things. The company aims to engage fans by bringing the show to life through fragrance, leveraging its expertise in personal care and home fragrance products.
The Bath & Body Works x Emily in Paris collection will be available in stores nationwide and online starting November.
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