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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.
Nickelodeon Slime Cup is a new golf competition premiering on June 25 at 8 p.m. ET/PT, featuring top professional golfers like Collin Morikawa and Justin Thomas. The event will air across Nickelodeon, TeenNick, and Nicktoons, showcasing teams of golfers paired with celebrities and Nickelodeon stars. Highlights include a unique golf course and the concluding challenge called The Unfairway. The event is produced in association with key figures from previous successful golf specials, reinforcing Nickelodeon's commitment to engaging children's entertainment.
Paramount Global (NASDAQ: PARA, PARAA) held its first in-person Upfront event at Carnegie Hall, showcasing its extensive media portfolio, premium content, and advanced advertising capabilities. Jo Ann Ross, President of U.S. Advertising Sales, emphasized the company's innovative marketing solutions including Super Franchises, EyeQ, and Vantage, designed to maximize advertiser engagement. Highlights of upcoming programming across its platforms were revealed, including series from CBS, BET, and Paramount+. The company continues to leverage its diverse media assets to capture a vast audience, enhancing its position as a leader in multiplatform content delivery.
Paramount Global (NASDAQ: PARA, PARAA) announces its 2022-2023 primetime lineup, featuring four new dramas and 18 returning series. New shows include EAST NEW YORK, FIRE COUNTRY, SO HELP ME TODD, and the reality series THE REAL LOVE BOAT. CBS maintains its position as America's most-watched network, launching content designed to enhance viewer engagement. The returning lineup includes top-rated shows like NCIS, YOUNG SHELDON, and 60 MINUTES. All new and returning series will be available for streaming on Paramount+.
Pluto TV, a Paramount company, has launched in the Nordics, marking its entry into Sweden, Denmark, and Norway through a partnership with Nordic Entertainment Group. This launch integrates local AVOD service Viafree, which will be phased out, combining more than 70 unique channels, including local programming and live sports. The service offers content from Paramount's portfolio and features exclusive shows, available for free without registration. Additionally, NENT Group will handle advertising sales in these regions.
Applebee’s is partnering with Paramount Pictures to celebrate the release of Top Gun: Maverick by offering a promotion that provides guests with a free Fandango movie ticket. Customers spending $25 or more on qualifying purchases from May 16 to June 12, 2022, will receive one movie ticket, or two tickets with a purchase of $50 or more. The initiative aims to enhance the dining experience while attracting customers to Applebee’s locations, which are strategically situated near theaters.
Paramount Global (NASDAQ: PARA; PARAA) announces CFO Naveen Chopra will join the MoffettNathanson Media & Communications Summit on May 19, 2022, at 10:00 a.m. ET, in New York City. A live audio webcast of the session will be available on Paramount's Investor Relations homepage. Paramount Global is a major media company offering a diverse portfolio, including CBS, Showtime, and Paramount+. The company excels in content creation and delivery across various platforms, engaging a vast audience globally.
Nickelodeon announces the return of its iconic '90s mascot Face in a new series titled Face's Music Party, premiering on June 6 at 11 a.m. ET/PT. This interactive music variety show will feature 13 episodes, blending animation and live action, and highlighting modern pop hits alongside nursery classics. Each episode focuses on a specific theme, showcasing music videos, remixed nursery rhymes, and educational segments. Face's Music Party is part of the network's Music Mondays programming block, running throughout the summer.
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.
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