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.
Introduction
Paramount Global (PARA) is a diversified global media and entertainment company renowned for its expansive portfolio of iconic consumer brands. Operating at the intersection of TV media, filmed entertainment, and streaming services, the company consistently delivers premium content and digital experiences to audiences around the world. Its long-established reputation and extensive library of television and film titles underpin its influential position in the media landscape.
Business Segments
Paramount Global operates across three core segments, each contributing unique capabilities to its overall business model:
- TV Media: This segment encompasses broadcast and cable networks including CBS, Nickelodeon, MTV, Comedy Central, BET, and additional channels. It is distinguished by its robust production studios and an expansive network of affiliates that allow for widespread audience reach.
- Filmed Entertainment: Paramount Pictures and associated film studios form the heart of the filmed entertainment segment. Through the creation and distribution of feature films and cinematic content, this division serves theatrical venues and digital platforms alike, ensuring a continuous flow of high-quality entertainment.
- Direct-to-Consumer: With a focus on innovative digital delivery, Paramount Global leverages streaming services such as Paramount+, Pluto TV, and BET+. This segment integrates content from its production studios with on-demand delivery models to meet the evolving needs of a digitally connected audience.
Content Portfolio and Distribution
The company is driven by a storied legacy of content creation and strategic partnerships. Its portfolio boasts some of the most recognized brands in the industry, ensuring a diverse range of programming that appeals to varied demographic segments. Paramount Global not only produces content, but also excels in distribution, with robust capabilities in advertising and content licensing spanning multiple continents. This multi-pronged approach reinforces its status as a pivotal player in global entertainment.
Industry Position and Legacy
Paramount Global has established itself as a formidable force in the competitive media and entertainment sector. Beyond its impressive array of content and production capabilities, its expansive library of TV and film titles provides a competitive edge that few can match. The company maintains strong partnerships with major broadcast and digital distribution networks, ensuring continuous audience engagement and market penetration. Its strategic collaborations, including extensive deals with distribution giants and advertising measurement firms, solidify its role as an authoritative and trusted provider of multimedia entertainment.
Innovative Production and Distribution Capabilities
Recognizing the need for continuous innovation, Paramount Global integrates state-of-the-art technologies and data analytics to streamline production and optimize distribution. The company leverages advanced audience measurement services and digital marketing insights to craft content that aligns with evolving viewer preferences. Its dynamic approach to content creation and distribution not only reinforces its market presence but also paves the way for adaptive strategies in a rapidly changing industry.
Conclusion
In summary, Paramount Global embodies the convergence of traditional media excellence and modern digital innovation. Its comprehensive business model, underscored by an array of celebrated brands and strategic partnerships, positions it as a cornerstone in the global entertainment ecosystem. Through a balanced mix of production, distribution, and data-driven marketing, the company continues to deliver rich, engaging experiences that resonate with a broad spectrum of audiences worldwide.
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.
Andy & Evan, a children's apparel brand, has partnered with Paramount Consumer Products to launch an exclusive SpongeBob SquarePants collection. Set to debut on September 26th, 2024, the line celebrates the series' 25th anniversary year. The collection includes clothing and accessories for boys and girls, from infant to size 14, featuring outerwear, tees, hoodies, dresses, and collectible bombers.
The collaboration aims to bring the whimsical world of Bikini Bottom to life through vibrant and stylish apparel. The collection will be available on Andy & Evan's e-commerce platform and at select retailers like Nordstrom, Bloomingdales, and Maisonette.com. It includes three collections: Back to School, Holiday, and Resort, each incorporating unique design elements that reflect SpongeBob's playful world and characters.
BET and The National Pan-Hellenic Council (NPHC) have launched the 'We VOTE' Public Service Announcements (PSA) featuring all nine Black fraternities and sororities, known as the 'Divine Nine'. The initiative aims to drive awareness, encourage voter participation, and reinforce the importance of every vote in shaping the future for the 2024 election.
The PSA includes leaders from each of the Divine Nine organizations, as well as nine emerging young leaders. BET's 'We VOTE' effort emphasizes voting for Ourselves, Togetherness, and Everyone. The campaign is part of BET's commitment to empowering Black voters and driving civic engagement.
The PSAs, produced by The House of JOY, are available for download and sharing on social media platforms. For more information, visit BET.com/vote.
BET Media Group, a unit of Paramount (NASDAQ: PARA), is leading the 5th Annual National Black Voter Day on September 20, 2024. This initiative, in partnership with the National Urban League, NAACP, and over 40 civic engagement partners, aims to mobilize Black voters for the 2024 election. BET's comprehensive strategy includes:
1. Voter education initiatives across linear, digital, and social platforms
2. In-market activations like Vote Fest Rally in Philadelphia
3. HBCU integrations with NextGen America
4. Community conversations on Black male voter engagement
The campaign focuses on three key moments: Registration (Sept. 20), Early Voting (during BET Hip Hop Awards 2024), and Turnout (Nov. 5). BET's efforts aim to empower Black voters, protect against disenfranchisement, and educate on collective power in local, state, and national elections.
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