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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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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Paramount Global (NASDAQ: PARA, PARAA) has announced its financial results for the third quarter ended September 30, 2023. The company will conduct a conference call at 4:30 p.m. (ET) today, with a live audio webcast available on Paramount's Investors homepage. An audio replay of the call will be accessible starting at 7:30 p.m. (ET) on November 2. Investors can also find the earnings release and other related information on Paramount's website.
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Nickelodeon announces the renewal of the Annie Award-winning series, The Tiny Chef Show, for a second season. The new season will consist of 22 half-hour episodes and will feature Chef embarking on herbivorous adventures and cooking up plant-based recipes. The season will kick off with two holiday-themed specials. The show is available for streaming on Paramount+.
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Paramount Global announces the global expansion of EyeQ, a digital video advertising platform, making it easier for advertisers to activate campaigns across Paramount's digital content portfolio. EyeQ will be fueled by Pluto TV's international presence and the introduction of a Paramount+ ad tier in select markets. EyeQ has experienced significant growth since its launch in 2020, becoming a multi-billion-dollar digital advertising business with over 100 million monthly unique viewers in the U.S.
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JAKKS Pacific, Inc. announces a multi-year partnership with SEGA of America for Sonic the Hedgehog 3, the upcoming Paramount Pictures' feature film. The collaboration will result in the design, development, and manufacture of various products including action figures, plush, playsets, costumes, and costume accessories. The products are set to hit the market in late 2024.
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KKR completes acquisition of Simon & Schuster from Paramount Global in a $1.62 billion all-cash transaction. Simon & Schuster is now a standalone private company, led by Jonathan Karp. KKR plans to strengthen the company and maintain its editorial excellence and independence.
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First Lady Jill Biden joins Nickelodeon and ATTN: to unveil Well Versed, an animated musical series that teaches kids about democracy and the U.S. Bill of Rights through original pop songs. The series will launch on Nov. 1 across Nickelodeon platforms, Paramount+, and Noggin, with a curriculum guided by iCivics.
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FAQ
What is the current stock price of Paramount Global (PARAA)?
The current stock price of Paramount Global (PARAA) is $21.736 as of November 4, 2024.
What is the market cap of Paramount Global (PARAA)?
The market cap of Paramount Global (PARAA) is approximately 14.6B.
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
14.63B
40.70M
77.46%
18.59%
0.07%
Entertainment
Television Broadcasting Stations
United States of America
NEW YORK