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 and Nickelodeon are celebrating SpongeBob's 25th anniversary with a major sustainability initiative. The companies have pledged to remove 5 million pounds of ocean-bound plastic and debris from waterways by 2027. This commitment is part of the 'Act Like A Sponge' campaign, encouraging people of all ages to embrace sustainability and make a positive impact.
As part of Paramount's Community Day, the company organized seven beach clean-ups across multiple countries, including the United States, Brazil, Portugal, and Singapore. These efforts demonstrate Paramount's dedication to environmental conservation and community engagement, aligning with the beloved SpongeBob character's underwater theme.
Nickelodeon and VStar Entertainment Group have announced PAW Patrol Live! "A Mighty Adventure," a new live stage show based on the popular animated series. The tour begins in October 2024, featuring the pups' super-powered adventure in Adventure City. Presale starts July 24, with select markets on sale August 2.
The show follows the PAW Patrol pups as they use their Mighty Pup Powers to outsmart supervillain Victoria Vance and save Adventure City's biggest party. This marks the fourth PAW Patrol Live! production, with previous shows seen by 5 million people in over 40 countries. The tour includes cities like Lake Charles, Cedar Park, Beaumont, San Antonio, Dallas, Midland, Houston, Baton Rouge, Macon, Milwaukee, Lexington, and Newark, with more to be announced.
Paramount Global (NASDAQ: PARA, PARAA) has announced it will report its second-quarter financial results on August 8, 2024. The earnings release will be followed by a conference call at 4:30 p.m. ET, accessible via live audio webcast on Paramount's Investors homepage or by dialing specified phone numbers with the provided access code. An audio replay will be available starting at 7:30 p.m. ET on the same day. Investors can subscribe to email alerts on Paramount's website to receive the latest financial news.
NickWatch, designed by Watchinu under a Nickelodeon license, is launching in the US. The smartwatch for kids, previously successful in the UK and awarded the Red Dot Design Award, will be available on Walmart.com starting July 13, and in Walmart stores in October. Priced at $119, it features games and activities inspired by Nickelodeon characters, along with safety features like GPS tracking. The NickWatch app, available via subscription, offers parental controls. The watch has a 36-hour battery life and can automatically connect to networks globally. Additional accessories, including new strap designs and headphones, are planned for release.
Nickelodeon celebrates 25 years of SpongeBob SquarePants with an immersive tribute at Comic-Con International: San Diego 2024. The 1,800 square-foot booth will recreate the 'Help Wanted' episode with 3D animation and AR, featuring SpongeBob's pineapple home, The Krusty Krab, and Barg'N-Mart. Daily activities include interactive games, photo opportunities, autographs, and exclusive merchandise. Outdoor attractions include a 12-foot-tall 'SpongeBob Fountain of Positivity' and SpongeBob-themed installations at the Hard Rock Hotel. Panels will include 'Celebrating 25 Years of Nickelodeon's SpongeBob SquarePants' and 'Avatar: Braving the Elements – Live!' featuring cast members and special guests. This event aims to engage fans and celebrate the long-standing cultural impact of SpongeBob SquarePants, which has been a global phenomenon since its debut on July 17, 1999.
Paramount Global's Special Committee has unanimously approved a merger with Skydance Media. Formed on January 2, 2024, the Committee evaluated multiple potential transactions over six months with the help of independent financial and legal advisors. The merger agreement includes a 45-day 'go-shop' period to consider alternative proposals, though there is no assurance of a superior offer. The deal offers immediate cash and future equity benefits to stockholders. Co-CEOs George Cheeks, Chris McCarthy, and Brian Robbins were praised for optimizing operations and positioning Paramount for profitable growth. The transaction details will be available on Paramount's investor relations website.
Play.Works, a leading provider of Connected TV (CTV) games and video content, has launched a new game called 'SpongeBob Bounce.' Available now on Roku and soon on other CTV platforms, the game features the beloved Nickelodeon character SpongeBob SquarePants.
Developed under license from Paramount Game Studios, 'SpongeBob Bounce' is a family-friendly, adventure game where players help SpongeBob bounce from the ocean floor, avoid hazards, and collect boosters. It utilizes Play.Works' innovative CTV gaming framework to offer an engaging TV gaming experience.
Jonathan Boltax, CEO of Play.Works, expressed enthusiasm about bringing SpongeBob to living rooms worldwide, highlighting its potential to attract both longtime fans and new players. The game is expected to enhance user engagement significantly.
'SpongeBob Bounce' is part of Play.Works' extensive game portfolio, which includes popular titles like Tetris, Wheel of Fortune, and Doodle Jump.
Experience 'SpongeBob Bounce' on Roku now, with releases on additional platforms forthcoming.
Paramount Global and The Described and Captioned Media Program (DCMP) have initiated a groundbreaking multi-year partnership to make Nickelodeon's popular animated and live-action series accessible to children with disabilities. Starting with series like Bossy Bear, Tiny Chef Show, Blue's Clues & You!, and Santiago of the Seas, the partnership will extend until 2029, gradually adding more series. These shows will be available on DCMP's free streaming services for families and schools, featuring captions and audio descriptions. Audio descriptions provide additional narration for visually impaired viewers without disrupting dialogue. The effort is supported by a U.S. Department of Education grant aimed at enhancing educational content accessibility.
Nickelodeon announced the nominations for the 2024 Kids' Choice Awards, featuring over 50 first-time nominees. The event, hosted by SpongeBob SquarePants and Patrick Star, will air live from Bikini Bottom on July 13 at 8 p.m. (ET/PT).
Notable nominees include Taylor Swift, Beyoncé, Miley Cyrus, Olivia Rodrigo, and Justin Timberlake. Taylor Swift leads with six nominations.
The show will feature enhanced graphics, motion capture, and augmented reality, and will be simulcast across multiple networks, including Nickelodeon and MTV2.
Voting is open on the Kids' Choice Awards website, and international markets are also participating with additional regional categories.
Jazwares, a leading toy company, has signed a master licensing agreement with Paramount Global to produce toys, costumes, and accessories for several iconic franchises, including Avatar: The Last Airbender, Dora, SpongeBob SquarePants, Star Trek, and Yellowstone. Jazwares will hold global rights to create figures, toy vehicles, dolls, plush, and playsets for Avatar: The Last Airbender and North American rights for costumes and accessories for other Paramount franchises. The product lines are expected to be available in retail stores by 2025. This collaboration aims to leverage Jazwares' expertise in translating intellectual properties into high-quality products, enhancing their portfolio with beloved pop culture stories and characters.
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