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Paramount Global - PARAA STOCK NEWS

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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Paramount Global (NASDAQ: PARA, PARAA) has announced its financial results for the first quarter ended March 31, 2023. The company will conduct a conference call at 8:30 a.m. (ET) today, with a live audio webcast available on Paramount's Investors website. Access to the call can also be obtained through dialing the provided phone numbers. An audio replay of the call will be available later in the day.
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Nickelodeon is set to launch the linear debut of Gabby's Dollhouse, a mixed-media series from DreamWorks Animation, on May 1 at 8 p.m. ET/PT on the Nick Jr. channel. The show follows Gabby as she explores a magical dollhouse filled with playful cat characters. New episodes will air Monday through Thursday for three weeks following the premiere. Created by Traci Paige Johnson and Jennifer Twomey, the series promotes lessons on resilience and curiosity. Gabby's Dollhouse has become a rapidly growing brand in the preschool segment, spawning toys, books, and digital content, and is linked to live events and Universal theme park experiences. Nickelodeon, part of Paramount (Nasdaq: PARA, PARAA), continues to lead as a top entertainment brand for kids.

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In Q1 2023, viewers spent over 281 billion minutes watching CBS programming, significantly surpassing its closest broadcast competitor by 90 billion minutes. CBS primetime entertainment alone accumulated over 92 billion minutes, outperforming rivals in both broadcast and streaming categories. CBS sports programming attracted over 77 billion minutes, while news shows garnered more than 57 billion minutes. The network's overall viewership is nearly four times greater than the combined total of major streaming services like Amazon, Hulu, Disney+, and HBO Max. Noteworthy programs include the FBI franchise and NCIS, each with around 15 billion minutes, and CBS's daytime shows leading the genre. The success indicates CBS's strong positioning in a competitive media landscape.

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Paramount Global (NASDAQ: PARAA) will report its first quarter financial results on May 4, 2023, at 8:30 a.m. ET. Following the earnings release, a conference call will be held to discuss the results. The call can be accessed by phone or via a live audio webcast available on Paramount's Investors homepage. An audio replay will also be available later in the day. Paramount Global is a leading media and entertainment company, with a diverse portfolio including CBS, Showtime, and Paramount+, among others.

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Paramount Global (NASDAQ: PARA, PARAA) will report its first quarter financial results on May 4, 2023, at 8:30 a.m. ET. A conference call will follow the earnings release, accessible via phone or through a live audio webcast on Paramount's Investor homepage. Investors can dial 833-470-1428 (domestic) or 929-526-1599 (international) with access code 429753. An audio replay will be available from 11:30 a.m. ET on the same day. Paramount is a leading media and entertainment company with a diverse portfolio including CBS, Showtime, Paramount Pictures, and various streaming platforms.

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Nickelodeon has announced a new original feature-length Halloween movie, A Really Haunted Loud House, set to premiere in fall 2023 on Nickelodeon and Paramount+. Additionally, the network has renewed its live-action series, The Really Loud House, for a second season consisting of 20 episodes. The series debuted in November 2022, becoming the top kids' live-action show on cable among kids aged 6-11. The new movie will follow Lincoln Loud and his friend Clyde as they choose between Halloween festivities. The show has been a successful extension of Nickelodeon's popular animated series, The Loud House, which has run since May 2016.

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Paramount Global (NASDAQ: PARA, PARAA) announced the appointment of Kristin Southey as Executive Vice President of Investor Relations, effective immediately. She succeeds Anthony DiClemente, who will assist during the transition until mid-April. Southey brings extensive experience from roles at Activision Blizzard, Athene Holding, and Snap, Inc., aiming to enhance communication with the investment community. CFO Naveen Chopra expressed confidence in Southey’s ability to convey Paramount's multiplatform strategy. DiClemente has significantly contributed to the company’s investor relations since the CBS-Viacom merger.

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Paramount Global (NASDAQ: PARA, PARAA) has appointed Kristin Southey as the new Executive Vice President of Investor Relations, effective immediately. She succeeds Anthony DiClemente, who will facilitate a smooth transition until mid-April. Southey brings extensive experience, having previously held key roles in investor relations at companies such as Activision Blizzard and Snap, Inc.. In her new position, she will lead efforts to engage the global investment community and support the company's financial leadership. CFO Naveen Chopra praised her track record, underlining the importance of effective communication regarding Paramount's growth strategy.

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Nickelodeon Studios and Paramount+ have announced the greenlight for Good Burger 2, a sequel to the beloved '90s film. Original stars Kenan Thompson and Kel Mitchell will reprise their roles as Dex and Ed. Production is set to begin in May, with the premiere scheduled for later this year on Paramount+. The film follows Dex's return to Good Burger after a failed invention, and he risks the fate of the restaurant while attempting to regain his footing. The script is written by Kevin Kopelow and Heath Seifert, who also served as executive producers.

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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 5, 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

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PARAA Stock Data

14.65B
40.70M
77.46%
18.59%
0.07%
Entertainment
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