Welcome to our dedicated page for Paramount Global news (Ticker: PARAA), a resource for investors and traders seeking the latest updates and insights on Paramount Global stock.
Paramount Global, trading under the symbol PARAA, is a prominent media and entertainment company driven by iconic consumer brands. The company's extensive portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV, and Simon & Schuster, among others. Paramount Global commands a significant share of the U.S. television audience and holds a vast library of TV and film titles. In addition to offering innovative streaming services and digital video products, the company excels in production, distribution, and advertising solutions on a global scale.
Paramount Global operates within three main business segments: TV media, filmed entertainment, and direct-to-consumer. The TV media segment comprises television production studios, various broadcast and cable networks, such as CBS, Paramount, Nickelodeon, MTV, BET, and VH1. The filmed entertainment division includes multiple film studios, notably Paramount Pictures, that produce and distribute movies to theaters and other media outlets. Direct-to-consumer encompasses various streaming platforms, including Paramount+, Showtime, Pluto TV, and BET+. Content on these platforms is created by the production studios within the company's other business segments, providing a diverse range of entertainment options for audiences worldwide.
Skechers achieved record-breaking success at its 16th Pier to Pier Friendship Walk, raising over $3.4 million, surpassing its $2.5 million goal. The event, co-sponsored by Nickelodeon, attracted nearly 22,000 registrants and has now raised more than $27 million in total for children with special needs, public schools, and college scholarships. The funds support the future Friendship Campus, a $55 million facility opening in 2026, offering vocational programs and life skills training. The Walk's proceeds also help reduce class sizes, update school facilities, and provide college scholarships, having donated over $1.1 million in scholarships to date.
BET Media Group announces the premiere of the 'BET Black Men's Summit', airing October 29, 2024, at 10 PM ET/9 PM CT. Hosted by D.L. Hughley, the special brings together influential Black men to discuss critical issues ahead of the 2024 presidential election. The summit features prominent guests including Michael Ealy, Jermaine Dupri, and Ben Crump, addressing economic disparities, political engagement, and reproductive rights. According to BET's study, while 89% of Black men intend to vote, nearly 20% feel ignored in the political process. The summit is part of BET's 'We VOTE' campaign aimed at increasing civic engagement and voter participation within the Black community.
Nickelodeon has announced that Kamala Harris has won their Kids Pick the President 'Kids' Vote' poll with 52% of the votes, while Donald Trump received 48%. Over 32,000 virtual ballots were cast between October 3-23. The results will be announced in a special half-hour program hosted by Nate Burleson and his daughter Mia, airing at 8 p.m. (ET/PT) across Nickelodeon platforms and Paramount+.
The special will focus on issues important to young people in the 2024 presidential election, including the economy, AI technology, and health. Nickelodeon has partnered with NAMLE to provide media literacy resources for parents through kidspickthepresident.com as part of their Our World prosocial initiative.
GAMCO has reviewed Project Rise Partners' open letter regarding their offer for Paramount at a price higher than the current merger price. Despite the 'Go Shop' period expiring on August 21, 2024, GAMCO believes Paramount's Board should consider and respond to this serious proposal. Through Operation Fishbowl, GAMCO continues to receive documents via a Delaware 220 Books and Records request, seeking to ensure shareholders receive fair value. However, materials received so far lack sufficient information to properly value NAI's Paramount holdings and non-Paramount assets. GAMCO Portfolio Manager Christopher Marangi notes uncertainty about NAI's per-share compensation for their control ownership.
Yellow Rose by Kendra Scott has launched a -edition Yellowstone Collection in collaboration with Paramount Consumer Products, coinciding with the return of the series' fifth season. The collection features 13 styles priced between $50-$250, including bracelets, rings, and necklaces inspired by the Yellowstone Dutton Ranch and Beth and Rip's love story. 20% of the purchase price will be allocated to the Nest Women of the West Fund through The Kendra Scott Foundation, supporting American craftsmen and artisans. The collection is now available on KendraScott.com and targets Yellowstone's audience of over 12 million viewers.
Plan International and Paramount have partnered to launch a global campaign on International Day of the Girl Child (Oct. 11) to support girls' education and gender equality. The campaign features Nickelodeon's Dora and includes:
- The Dora Fund: Grants for youth-led organizations focused on girls' education
- Backpacks and supplies distribution funded by Paramount
- A global PSA airing across Paramount networks
- A Plan International resource hub
The initiative aims to address the crisis of 224 million out-of-school children worldwide, with girls facing the greatest barriers. In 2023, Plan reached 10.5 million people through education programs. The campaign invites public participation to break down barriers and ensure all children, especially girls, have access to education.
Chamère, a ready-to-drink Kir Royale inspired by the Netflix series Emily in Paris, is launching in the US this fall. The beverage, which combines sparkling wine with natural cassis flavor, aims to capture Parisian sophistication with a playful twist. Packaged in a 25cl can, Chamère will be available at select retailers in New York, New Jersey, Connecticut, Maryland, Delaware, and Washington, D.C. starting October 10th, and through ReserveBar from October 28th.
To celebrate the launch, Chamère is hosting a 'Parisian Fall Picnic' event in New York City. The brand is part of The Quintessential Brands Group, an independent spirits business with a global reach. Paramount Consumer Products, which oversees licensing for Paramount (Nasdaq: PARA, PARAA), is involved in the brand's connection to Emily in Paris.
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.
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.
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