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.
Paramount Global (NASDAQ: PARA, PARAA) reported its financial results for Q1 2022, ending March 31. The company highlights strong engagement across its platforms, including CBS, Showtime, Paramount+, and Pluto TV. While specific earnings figures were not disclosed in this press release, the company emphasizes growth in its audience share and extensive content library. An earnings call is scheduled for May 3, 2022, at 8:30 a.m. ET, with a live audio webcast available. Paramount continues to focus on innovative streaming services and media expansion.
GNC has launched an exclusive collaboration with GHOST, introducing a line of Teenage Mutant Ninja Turtles (TMNT) inspired sports nutrition products. This nostalgic range features a new flavor, "OOZE," blending citrus and tangerine, and includes four products: LEGEND®, PUMP, and two GAMER variants. Available at GNC locations and online, this partnership aims to innovate within the sports nutrition market while appealing to '90s nostalgia. The collaboration reflects GHOST's commitment to authenticity and creativity in product development.
Nickelodeon's Nick News will debut a new episode on April 27, 2022, at 7 p.m. (ET/PT), highlighting resilient children overcoming challenges. This episode features kids displaced by the war in Ukraine, members of Girl Scout Troop 6000™ in New York City's shelter system, and Farmer Kendall, Georgia's youngest USDA certified farmer. The program aims to inspire viewers with these remarkable stories. Following its premiere, the episode will be available on Nick.com and the Nick App starting April 28. Nickelodeon remains a leading entertainment brand for kids globally.
Paramount Global (NASDAQ: PARA, PARAA) will announce its financial results for Q1 2022 on May 3, 2022, following a conference call at 8:30 a.m. ET. An audio webcast will be available on the company's Investor Relations page. Investors can access the call via phone using access codes provided in the release. Paramount, a leading global media company with brands like CBS, Showtime, and Paramount+, creates premium content and boasts a significant U.S. television audience share. More details will be accessible on their Investors homepage.
Paramount Global and RECUR have launched a platform, Paramount.xyz, featuring Star Trek™ NFTs, marking the first step in a long-term collaboration to immerse fans in the metaverse. The collectibles will be available from April 9, 2022, at a price of $250 per pack, with a limited issue of 20,000 NFTs. The sale will last only 24 hours, and unique starship designs will be revealed on April 8. Following this launch, Star Trek™ will pave the way for future collectibles from renowned franchises like Nickelodeon and Paramount Pictures.
Paramount Global (NASDAQ: PARA; PARAA) announced a quarterly cash dividend of $0.24 per share for its Class A and Class B Common Stock, payable on July 1, 2022. Stockholders must be on record by June 15, 2022. Additionally, the company declared a dividend of $1.4375 per share on its 5.75% Series A Mandatory Convertible Preferred Stock, also payable on July 1, 2022, with the same record date. Paramount continues to be a leading global media and entertainment company, delivering substantial content through various platforms.
Nickelodeon's Noggin platform launched Bubble Guppies: Dive into The Met, a new interactive game designed for children ages 2-7. This educational game allows kids to explore art from The Metropolitan Museum of Art, promoting creativity and critical thinking. The game aligns with Noggin's early learning framework, featuring art appreciation and decision-making skills. In addition, Noggin introduced new math and literacy content, expanding its library to over 400 educational resources aimed at building essential skills. This initiative enhances Noggin's offerings amid growing demand for interactive learning.
Paramount Global (NASDAQ: PARA, PARAA) announced the redemption of $1 billion in senior notes, comprising $275 million of 3.50% notes due January 15, 2025, and $695 million of 4.750% notes due May 15, 2025. The redemption dates are set for April 18, 2022, for the 3.50% notes, and April 11, 2022, for the 4.750% notes. The redemption price will include the principal amount, a calculated make-whole amount, and accrued interest up to the respective redemption dates. This strategic move reflects the company's commitment to optimizing its debt structure.
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