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's 6th annual Intern Community Day took place on July 24th, involving 178 interns and team captains in 10 volunteer events. The initiative, organized by Paramount's Social Impact and Emerging Talent teams, partnered with organizations like Story Pirates, JASA, The Bay Foundation, Good + Foundation, and Material for the Arts.
Activities included reading stories to young authors, engaging with seniors, restoring beaches, preparing donations for low-income families, and organizing art supplies. The event resulted in 163 volunteers contributing 305.5 hours, fostering community engagement and reinforcing Paramount's commitment to social impact.
Interns expressed positive experiences, highlighting the opportunity to give back while immersing themselves in Paramount's company culture. The success of Intern Community Day underscores Paramount's dedication to social responsibility and integrating these values into their workplace.
Paramount Global (NASDAQ: PARA, PARAA) has released its financial results for the second quarter ending June 30, 2024. The company will host a conference call at 4:30 p.m. (ET) to discuss the results, with a live audio webcast available on Paramount's Investors homepage. Interested parties can also join the call by dialing 833-470-1428 (domestic) or 929-526-1599 (international) using access code 898372.
An audio replay of the call will be accessible on August 9 in the Events & Webcasts section of Paramount's Investors website, and via phone at 866-813-9403 using access code 190402. The earnings release and related information will be available on the company's Investors homepage. Investors can subscribe to email alerts for automatic updates on Paramount's latest financial news.
NatureSweet, North America's largest vertically integrated controlled environment agricultural company, is launching Cherubs® To Go PAW Patrol® snack packs this August. These convenient 2.25oz containers feature NatureSweet's popular Cherubs® tomatoes with PAW Patrol® characters on the packaging, aimed at encouraging healthier snacking habits among children.
The initiative addresses the CDC's findings that many children aged 1-5 don't consume fruits and vegetables daily. Cherubs® To Go PAW Patrol offers a ready-to-eat, nutritious option for lunchboxes and backpacks. The snack packs come in a three-pack format and are available at major retailers like Walmart, Albertsons, and ShopRite. This collaboration aims to support parents in providing healthy, convenient snacks for their children during the busy school year.
Paramount+ has announced the premiere of DORA season two on September 13, 2024, exclusively on their streaming platform in select countries. The new season features 26 CG-animated episodes following Dora's adventures in a magical rainforest. Additionally, season one will debut on Nickelodeon and Nick Jr. channel starting September 16.
The series stars Diana Zermeño as Dora, with a talented voice cast including Dascha Polanco joining as a guest star. Created by Chris Gifford and Valerie Walsh Valdes, DORA continues the legacy of the globally popular Dora the Explorer franchise, which has been translated into 32 languages and viewed in over 150 countries since its launch in 2000.
Paramount Global (NASDAQ: PARA, PARAA) has announced a quarterly cash dividend of $0.05 per share on both its Class A and Class B Common Stock. The dividend will be payable on October 1, 2024, to stockholders of record at the close of business on September 16, 2024. This announcement demonstrates Paramount's commitment to providing regular returns to its shareholders, despite challenging market conditions in the media and entertainment industry. The consistent dividend payout, albeit modest, may be seen as a signal of the company's financial stability and confidence in its future cash flows.
Nickelodeon and Spin Master are celebrating the Dog Days of Summer with a month of Rubble & Crew premieres starting August 5, 2024. The event includes a PAW Patrol crossover and a special episode featuring MLB superstar Aaron Judge on August 26. New episodes will air Monday through Thursday at 11 a.m. ET/PT on Nickelodeon and 5 p.m. ET/PT on the Nick Jr. channel.
The crossover event, 'The Crew and Skye Build a Mountain Lodge,' premieres on August 5. Season one of Rubble & Crew will be available to stream on Paramount+ starting September 4, 2024. The series, a spinoff of the popular PAW Patrol franchise, follows Rubble and his pup family as they tackle construction projects in Builder Cove.
Litehouse, America's #1 refrigerated ranch dressing brand, is launching two new product lines this summer: Litehouse Kids and Litehouse Loaded. The Kids line features dips inspired by popular franchises like PAW Patrol and Teenage Mutant Ninja Turtles, with flavors such as Pizza Ranch and Cheddar Cheesy. The Loaded line introduces three bold sauces: Loaded Fry Sauce, Loaded Taco Sauce, and Loaded Buffalo Sauce.
These new products aim to revitalize the refrigerated salad dressing category and cater to both returning and new customers. The Litehouse Kids & Loaded lineup will be available nationally at Walmart locations in the refrigerated produce section, with suggested retail prices ranging from $4.99 to $6.99.
Nexstar Media Group (NASDAQ: NXST) and Paramount Global (NASDAQ: PARA, PARAA) have announced a multi-year renewal of CBS Television Network affiliations for 42 markets. This agreement covers 40 stations owned by Nexstar and 2 owned by Mission Broadcasting, reaching 15% of the U.S. audience and serving nearly 19 million television households.
Additionally, two Paramount-owned independent stations in Miami (WBFS-TV) and Detroit (WKBD-TV) will become affiliates of The CW Network on September 1, 2024. These stations will begin broadcasting the network's news, primetime entertainment, live sports, and special event programming.
The financial terms of these agreements were not disclosed.
The Paramount Veterans Network has been awarded the 2024 DAV Patriot Employer Special Recognition for Excellence in Community Support. This national honor recognizes Paramount's commitment to supporting veterans. The network's Veteran Immersion Program (VIP) aims to bridge the gap between military careers and media industry opportunities.
Betty Diaz, Director of Programs & Operations, highlighted the VIP's role in supporting veterans interested in media careers, providing networking opportunities and industry immersion. Army Veteran Torrin Fields praised the program for its practical assistance in job searching, resume writing, and interview preparation, as well as providing valuable internships and work placements.
The award underscores Paramount's dedication to honoring the sacrifices of veterans and supporting their transition to civilian careers in the media industry.
Nickelodeon and Paramount Pictures celebrated SpongeBob SquarePants' 25th anniversary at Comic-Con International: San Diego 2024 with exciting announcements and reveals. Highlights include:
1. Mark Hamill will voice 'The Flying Dutchman' in the upcoming theatrical film 'The SpongeBob Movie: Search for SquarePants', set to release on December 19, 2025.
2. An exclusive clip from 'Saving Bikini Bottom: The Sandy Cheeks Movie', coming to Netflix on August 2.
3. A first look at the one-hour special 'Kreepaway Kamp', airing this fall on Nickelodeon and Paramount+.
4. Live table reads by the original voice cast of classic episodes.
SpongeBob SquarePants remains the most-watched animated series for 22 consecutive years, with a global fanbase and presence in over 180 markets.
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