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.
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.
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.
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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