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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.
Paramount Global and Charter Communications announced a new multi-year distribution agreement to extend their partnership.
This deal will allow Paramount's linear cable networks, CBS stations, and streaming services to continue being available on Charter's Spectrum packages. Popular channels like BET, Comedy Central, MTV, and Nickelodeon will remain accessible, along with Paramount+ with Showtime.
The ad-supported versions of Paramount+ Essential and BET+ Essential will be added at no extra cost to Spectrum subscribers. Internet-only customers can purchase Paramount's streaming services through Charter.
Charter will benefit from revenue shares on new subscriptions and ad-free upgrades. Financial terms of the deal were not disclosed.
Paramount Global and Charter Communications have announced a new multi-year distribution deal for Paramount's linear networks, CBS owned-and-operated stations, and direct-to-consumer streaming services.
In this agreement, ad-supported versions of Paramount+ Essential and BET+ Essential will be available at no extra cost to Spectrum TV customers. Charter will also offer Paramount's streaming services for purchase to its internet-only customers.
This deal aims to add value for consumers and provide new distribution opportunities, with Spectrum continuing to carry popular networks like CBS, BET, MTV, and more. Financial terms remain undisclosed.
Lion Star, Everest Place, and Paramount have announced the upcoming Nickelodeon Hotels & Resorts Orlando, set to open in 2026 in Kissimmee, Florida.
The resort will feature over 400 themed hotel rooms and condo units, offering immersive experiences with popular Nickelodeon characters like SpongeBob, PAW Patrol, and Dora.
Guests can enjoy amenities such as the Aqua Nick water park, themed dining options, and character meet-and-greets. Condos will be available for purchase, granting owners access to all resort amenities. The resort aims to set new standards for family vacations and vacation property ownership.
The complex will be located within the 220-acre Everest Place development, providing additional attractions like shopping, dining, and medical facilities in a region known for its natural beauty and proximity to renowned theme parks.
Nickelodeon celebrates SpongeBob SquarePants' 25th anniversary with SpongeBob and Patrick hosting the Nickelodeon Kids' Choice Awards 2024 on July 13. This event marks the first time animated characters host a full-length awards show, launching various anniversary activities including new content on Paramount+ and Nickelodeon, exclusive merchandise, and unique experiences worldwide.
Highlights include new SpongeBob episodes, the 'Saving Bikini Bottom' movie on Netflix, and a plethora of consumer products like Funko Pop! figures and Crocs collections. Additionally, there will be immersive experiences at Comic-Con, aquariums, and amusement parks globally.
This extensive celebration aims to honor SpongeBob's enduring popularity and cultural impact, engaging fans with multifaceted content and events throughout the year.
Build-A-Bear Workshop (NYSE: BBW) has announced a collaboration with Paramount Pictures for the new film, 'IF,' directed by John Krasinski and starring Ryan Reynolds and others. The film, set for release on May 17, 2024, features a girl who can see everyone's imaginary friends. To celebrate, Build-A-Bear will offer special in-store experiences starting May 16, where guests can create their own imaginary friends. Select workshops will undergo a thematic transformation, and the iconic Heart Ceremony will be enhanced with personal touches from Krasinski. Exclusive merchandise inspired by the film will also be available, including the 'IF Blue' plush and themed outfits.
SHOWTIME/MTV Entertainment Studios, Active Minds, and YouTube have launched an interactive YouTube video to teach young people the A.S.K. method (Acknowledge, Support, Keep-in-Touch) for emotional support. This initiative addresses the 70% of youth who feel unprepared to support friends emotionally. The video follows the story of Charlie, helping users practice A.S.K. techniques. This release coincides with the 4th annual Mental Health Action Day on May 16, 2024. The project also involves the Harvard T.H. Chan School of Public Health's Center for Health Communication to study social media's role in mental health support and develop a Creator Guide for digital mental health content.
Frankford Candy unveiled new Baskin-Robbins and Krabby Patties candy varieties at the 2024 Sweets & Snacks Expo. These treats feature unique flavors and packaging, set to be available online and in stores nationwide in August. Molly Jacobson, the director of business development, expressed excitement for the innovative line-up, highlighting the unexpected flavors and imaginative packaging.
Betty Diaz, Director of Programs & Operations at Paramount Global, has been selected as one of the Scholars for the 2024 Bush Institute Stand-To Veteran Leadership Program. The program aims to develop effective leaders in veteran transition and support issues. Diaz will work on a project to improve the workforce for veterans interested in media and related fields. The program will commence in June 2024 in Dallas, Texas.
IHOP collaborates with Paramount Pictures' new movie IF to unveil an imaginative new menu for a time, including Blue's Dazzleberry Pancakes and Unbelieva-Blue Soda Pop. Kids eat free from 4pm-10pm with purchase of adult entrée. The partnership celebrates the movie's magical themes and offers unique culinary creations inspired by IF. IHOP's International Bank of Pancakes rewards program offers 3x bonus PanCoins and a chance to win a screening of IF for 50 people. The menu is available from May 6 to June 16, 2024, at participating restaurants nationwide.
CBS programming has been watched for over 456 billion minutes in the first four months of 2024, surpassing Netflix and all other streaming competitors. The network's content saw a 30% increase in viewership compared to Netflix originals and a 231% increase compared to other streaming services. CBS continues to dominate with multiple popular series and post-season NFL coverage, attracting a massive multiplatform audience.
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