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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) will release its second-quarter financial results on August 4, 2022, for the period ending June 30, 2022. A conference call is scheduled for 8:30 a.m. (ET) the same day, available via audio webcast on Paramount's Investor Relations page. The call can be accessed by dialing 844-200-6205 (domestic) or 929-526-1599 (international) with access code 907998. An audio replay will be available post-call. Paramount is a leading global media and entertainment company with notable brands like CBS, Showtime, and Paramount+.
Mattel, Nickelodeon, and Paramount+ announced the premiere of Monster High: The Movie, set for October 6, 2022, at 7 p.m. ET/PT. The live-action musical, rooted in the beloved franchise, follows Clawdeen Wolf as she navigates her identity at Monster High. The movie highlights themes of self-acceptance and friendship, featuring a cast including Miia Harris and Ceci Balagot. Following the film, an animated series based on the franchise will launch this year. The film aims to resonate with a new generation while fostering inclusivity.
Mediacom Communications has renewed its carriage agreement with Paramount Global (NASDAQ: PARA, PARAA). This agreement ensures continued access to Paramount's extensive portfolio, including networks like CBS, BET, and SHOWTIME® OTT. Italia Commisso Weinand, Mediacom's Executive VP, expressed satisfaction with the ongoing partnership. Financial terms were not disclosed, indicating a possible focus on long-term collaboration over immediate financial impacts.
BET Awards 2022 attracted over 3.2 million viewers, achieving a noteworthy 34% increase from the previous year. The event, hosted by Taraji P. Henson, was broadcast live across ten Paramount Global networks on June 26. Notably, 2.1 million viewers watched on BET alone. The awards secured the title of the #1 cable awards show for the P18-49 demographic and generated over 103 million social media views, making it the #1 most social show on TV. An encore presentation is scheduled for June 30.
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Announcing the return of The Smurfs for a second season, Nickelodeon premieres new episodes starting July 4, 2022, with the full season launching on July 18, 2022. The series introduces new characters Wild Smurf and Leaf, set to engage audiences with time travel and magic duels. The voice cast features notable actors, enhancing the show's appeal. Nickelodeon, part of Paramount's entertainment portfolio, continues its legacy as a leader in children's entertainment. The series is co-produced by various international partners and supported by multiple European funding bodies.
Nickelodeon announced the premiere date for Are You Afraid of the Dark?: Ghost Island, debuting with a two-hour episode on July 30 at 7 p.m. (ET/PT). This limited series is the third chapter of the horror anthology based on the '90s classic. It follows a new Midnight Society's summer vacation that turns sinister. The show features a new cast and storytelling, building on last year's success as cable TV's third most-watched live-action show for kids. Produced by ACE Entertainment, it continues Nickelodeon's legacy in kids' entertainment.
Paramount Global (NASDAQ: PARA, PARAA) hosted a star-studded event in London on June 20, 2022, announcing the launch of Paramount+ in the UK and Ireland on June 22. The service will provide over 8,000 hours of family-friendly content, featuring new originals and iconic shows. Paramount+ aims to produce 150 international originals by 2025, with 20 shows already commissioned. The expansion will include Germany, Italy, and France by the end of the year. Initial subscription rates are set at £6.99 per month in the UK and €7.99 in Ireland.
Nickelodeon has announced the production of Super Duper Bunny League, an upcoming 2D-animated preschool series based on Jamie Smart's comic book series. The show will feature 26 episodes centered on a team of bunny friends defending their city from various villains, including the inept Dr. Fuzzleglove. Set to launch in 2024, this series aims to blend superhero action with comedic elements, enhancing Nickelodeon's reputation as a leading kids' entertainment brand. Nickelodeon continues to be part of Paramount's diverse portfolio.
Nickelodeon has launched its Intergalactic Shorts Program 2.0, seeking new global creators for original, comedy-driven content. The first series, Rock, Paper, Scissors, debuts at the Annecy International Animation Film Festival on June 16. This marks the initial greenlit short from the program, originally initiated in 2019. The series, created by Kyle Stegina and Josh Lehrman, emphasizes character-driven humor and aims to foster diverse storytelling. Nickelodeon aspires to create appealing content for kids and families, continuing its mission to prioritize children's entertainment.
Paramount Global (NASDAQ: PARA; PARAA) announced that its CEO, Bob Bakish, will join a virtual Q&A session at the Credit Suisse Communications Conference on June 14, 2022, at 10:40 a.m. ET. The live audio webcast can be accessed on Paramount's Investor Relations homepage, with a replay available shortly after the presentation. Paramount Global is a leading media and entertainment company with a diverse portfolio including CBS, Showtime, and Paramount+, reaching a vast U.S. television audience.
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