Welcome to our dedicated page for PARAMOUNT GLOBAL news (Ticker: PARA), a resource for investors and traders seeking the latest updates and insights on PARAMOUNT GLOBAL 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 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.
PAW Patrol 3, the upcoming installment in the blockbuster franchise, has cast Academy Award winner Jennifer Hudson and comedian Fortune Feimster alongside returning Emmy nominee Mckenna Grace. Set for an exclusive theatrical release in 2026, the film is produced by Spin Master Entertainment in association with Nickelodeon Movies and distributed by Paramount Pictures.
Veteran animation director Cal Brunker will return to direct and co-write the film with Bob Barlen. The first two PAW Patrol films, also directed by Brunker, earned over $345 million at the global box office. Jennifer Dodge, President of Spin Master Entertainment, expressed excitement about the new cast additions, emphasizing their potential to enhance the franchise's storytelling.
Hudson, an EGOT winner, and Feimster, a accomplished stand-up comedian and actor, bring their considerable talents to the beloved children's franchise. The film follows the recent ten-year anniversary of the PAW Patrol franchise and aims to captivate young audiences and families worldwide.
Paramount Global (NASDAQ: PARA, PARAA) has announced a quarterly cash dividend declaration by its Board of Directors. The dividend, set at $0.05 per share, will be applicable to both Class A and Class B Common Stock. Stockholders of record as of the close of business on December 16, 2024, will be eligible to receive the dividend payment, which is scheduled for January 2, 2025.
FAQ
What is the current stock price of PARAMOUNT GLOBAL (PARA)?
What is the market cap of PARAMOUNT GLOBAL (PARA)?
What does Paramount Global do?
What are the main business segments of Paramount Global?
What recent achievements has Paramount Global reported?
Who are the key leaders in Paramount Global's Office of the CEO?
How has Paramount+ performed recently?
What is Paramount Global's role in the streaming industry?
How does Paramount Global support its TV media business?
What is Paramount Global's strategy for future growth?
Can you give an example of a strategic partnership by Paramount Global?
Where can I find more information about Paramount Global?
