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.
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Oh Baby! Games (OBG) announced the launch of its debut title Oh Baby Kart, a cross-platform multiplayer kart racing game featuring iconic characters from the SpongeBob SquarePants universe. The game will enter closed beta for Windows and macOS on December 14, with mobile and console versions to follow in 2024. Oh Baby Kart offers expansive playable characters and karts, new in-depth race mechanics, a live service model, cross-platform matchmaking, new and familiar game modes, and ranked multiplayer.
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Financial Literacy for All (FL4A) announced that McDonald’s Corporation (MCD) and Paramount Global (PARA, PARAA) have joined a coalition of nearly 50 leading organizations dedicated to embedding financial literacy into the nation’s schools, workplaces, communities, and culture. FL4A members now make up more than one-quarter of the companies in the Dow Jones Industrial Average and have committed to financial literacy initiatives reaching up to six million people.
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Jack and Jill of America, Inc. (JACK) partners with Nickelodeon for Our World, a global initiative to inspire and empower kids. The initiative focuses on youth agency and provides resources and activities for kids to take action. The partnership celebrates World Children's Day with UNICEF USA and marks Jack and Jill of America's 85th anniversary.
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Nickelodeon and CBS Sports will bring Super Bowl LVIII to Bikini Bottom for a kids and family-centric, surprise-filled special presentation of the game, airing exclusively on Nickelodeon, Sunday, Feb. 11, 2024, at 6:30 p.m. (ET). Paramount's multiplatform coverage of Super Bowl LVIII will feature CBS Sports' presentation on the CBS Television Network, which will stream on Paramount+ and on mobile with NFL+, in addition to the Nick-ified telecast exclusively on Nickelodeon. SpongeBob SquarePants, Patrick Star, Sandy Cheeks, and Larry the Lobster will join CBS Sports analysts to call the game. Nickelodeon will also air the Nickelodeon NFL Nickmas Game on Monday, Dec. 25, at 1:00 p.m. (ET), between the Las Vegas Raiders and Kansas City Chiefs, featuring Teenage Mutant Ninja Turtles and special halftime presentations.
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Paramount Global (NASDAQ: PARA, PARAA) announced the pricing terms of its cash tender offers for 4.00% Senior Notes due 2026, 2.90% Senior Notes due 2027, and 3.375% Senior Notes due 2028, totaling $540,922,623.28. The offer is open to registered holders and is subject to proration and order of priority. The settlement date for validly tendered securities is expected to be November 21, 2023.
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Paramount Global (NASDAQ: PARA, PARAA) announced the early tender results of its cash tender offers for the Maximum Offer Securities. The Maximum Offer consists of the offer to purchase up to $540,922,623.28 aggregate purchase price of the Company's 4.00% Senior Notes due 2026, 2.90% Senior Notes due 2027, and 3.375% Senior Notes due 2028. The Maximum Offer is open to all registered holders of the Maximum Offer Securities and is subject to proration and order of priority. As of the Early Tender Deadline, $802,640,000 in combined aggregate principal amount of Maximum Offer Securities were validly tendered and not validly withdrawn.
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Nickelodeon, Paramount+, and The Pinkfong Company have announced the release of BABY SHARK'S BIG MOVIE, the first-ever feature-length original animated movie based on the globally beloved preschool property. The movie follows Baby Shark and his family as they move to Chomp City - the big city of sharks, and it will debut on December 8, 2023. The film will also feature original songs, a star-studded lineup of voice actors, and is part of the Paramount+ Holiday Collection. The official soundtrack will be released on December 8, 2023, featuring songs composed by Jon Chau and written by various artists.
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Paramount Global (NASDAQ: PARA, PARAA) announced the expiration of its cash tender offers for its 4.750% Senior Notes due 2025 and 3.450% Senior Notes due 2026. $467,544,000 in combined aggregate principal amount of Any and All Securities were tendered, with an additional $10,323,000 in principal amount tendered pursuant to guaranteed delivery procedures. Paramount expects to accept all validly tendered Securities and deliver payment by November 15, 2023. The company also provided information about the Maximum Offers and the procedures for tendering the Any and All Securities.
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Paramount Global (NASDAQ: PARA, PARAA) announced the pricing terms for its cash tender offers for its 4.750% Senior Notes due 2025 and 3.450% Senior Notes due 2026. The offers are subject to conditions and are set to expire on November 9, 2023. The Total Consideration for each series of securities was determined based on the bid side price of the Reference U.S. Treasury Security and the applicable fixed spread over the yield to maturity. Paramount's obligation to accept for purchase and pay for the securities is subject to certain conditions.
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Paramount Global announces cash tender offers of up to $1 billion for certain senior notes. The offers are open to all registered holders of the securities and are subject to proration and order of priority. The Any and All Offers expire on November 9, 2023, while the Maximum Offer expires on December 4, 2023. Holders who tender their securities before the Early Tender Deadline may receive an early tender premium of $30 per $1,000 principal amount. The settlement dates for the offers are expected to be in November and December 2023.
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FAQ
What is the current stock price of Paramount Global (PARAA)?
The current stock price of Paramount Global (PARAA) is $22.67 as of November 22, 2024.
What is the market cap of Paramount Global (PARAA)?
The market cap of Paramount Global (PARAA) is approximately 15.1B.
What are the key brands under Paramount Global?
Paramount Global owns iconic consumer brands such as CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV, and Simon & Schuster.
What segments does Paramount Global operate in?
Paramount Global operates in three main segments: TV media, filmed entertainment, and direct-to-consumer.
What does the TV media segment of Paramount Global entail?
The TV media segment includes television production studios, various broadcast and cable networks like CBS, Paramount, Nickelodeon, MTV, BET, and VH1.
Which film studios fall under Paramount Global's filmed entertainment division?
Paramount Global's filmed entertainment division comprises multiple film studios, with Paramount Pictures being the most significant one.
What are some of the streaming platforms offered by Paramount Global?
Paramount Global provides various streaming platforms, including Paramount+, Showtime, Pluto TV, and BET+.
Where can I find more information about Paramount Global's latest news and updates?
For the latest news and updates about Paramount Global, visit their official website or follow @ParamountCo on social media platforms.
Paramount Global
Nasdaq:PARAA
PARAA Rankings
PARAA Stock Data
15.08B
600.73M
77.49%
18.23%
0.07%
Entertainment
Television Broadcasting Stations
United States of America
NEW YORK