Paramount Global - PARAA STOCK NEWS

Paramount Global (NASDAQ: PARA, PARAA) has announced changes to its Board of Directors, including the addition of Dawn Ostroff as a non-executive director, pending stockholder approval at the Annual Meeting on May 8, 2023. Ostroff, previously at Spotify, brings extensive experience in content and advertising. Concurrently, Candace Beinecke and Ronald Nelson will not seek re-election, having served since 2018 and 2016 respectively. The Board will consist of 11 members, with 8 independent directors after the stockholder vote. This strategic shift aims to enhance Paramount's content strategy and drive future growth.

Paramount Global launched its first global e-commerce site, ParamountShop.com, on March 15, 2023. This platform features over 7,000 items representing more than 125 brands including CBS, MTV, and Nickelodeon. Paramount Shop aims to enhance customer engagement by offering a seamless shopping experience with a variety of products across categories like apparel, collectibles, and toys. The site supports worldwide shipping and will introduce localized experiences in the US, Canada, UK, and Germany. As Paramount expands its online presence, the platform is designed to reflect the company's popular content and culture-defining brands.

Paramount Global launched its first global direct-to-consumer e-commerce site, ParamountShop.com, on March 15, 2023. The platform showcases over 7,000 items from more than 125 brands including CBS, Comedy Central, MTV, and Nickelodeon. Customers can explore a wide range of products across various categories such as apparel, collectibles, and toys, while also engaging with popular franchises like SpongeBob SquarePants and Star Trek. The site supports worldwide shipping and offers localized experiences in the US, Canada, UK, and Germany, with plans for further expansion.

On March 10, 2023, Paramount Global (NASDAQ: PARA, PARAA) announced its Board of Directors has declared a quarterly cash dividend of $0.24 per share for Class A and Class B Common Stock. This dividend will be payable on April 3, 2023, to stockholders of record as of March 20, 2023. Additionally, a dividend of $1.4375 per share on its 5.75% Series A Mandatory Convertible Preferred Stock will also be paid on the same date. These actions reflect the company’s commitment to returning value to shareholders.

Paramount Global (NASDAQ: PARA, PARAA) has declared a quarterly cash dividend of $0.24 per share for its Class A and Class B Common Stock, payable on April 3, 2023 to stockholders of record by the close of business on March 20, 2023.

Additionally, a dividend of $1.4375 per share will be issued for its 5.75% Series A Mandatory Convertible Preferred Stock, also payable on April 3, 2023.

This announcement reflects Paramount's ongoing commitment to return value to its shareholders through regular dividends amidst its diverse media portfolio.

Paramount Global (NASDAQ: PARA, PARAA) has launched a new campaign titled 'Popular is Paramount', emphasizing its strength in creating and distributing popular content. This campaign aims to enhance its brand positioning among advertisers, distributors, investors, and the creative community, showcasing its broad portfolio and track record of producing mass-market hits across various platforms. The campaign will run through Summer 2023 and will feature innovative marketing strategies including extensive media placements in major cities like New York and Los Angeles. This initiative highlights Paramount's commitment to leveraging its extensive content library to connect with diverse audiences.

Paramount Global (NASDAQ: PARA, PARAA) has launched the "Popular is Paramount" campaign, showcasing its strength in creating and popularizing content across various platforms. This initiative emphasizes Paramount's role as a key entertainment partner for advertisers, distributors, and the creative community. The campaign, running through Summer 2023, features leading intellectual properties (IP) to demonstrate the company's cultural and commercial impact in the media industry. Through innovative marketing strategies and a new visual design system, Paramount aims to connect its legacy with future content offerings, enhancing its market presence in New York and Los Angeles.

Playmates Toys unveiled a new line of Teenage Mutant Ninja Turtles action figures, vehicles, and role play toys linked to the upcoming film Teenage Mutant Ninja Turtles: Mutant Mayhem. These products, set to launch on June 25, 2023, showcase characters in vibrant designs inspired by the movie produced by Seth Rogen. The lineup includes articulated figures, deluxe action figures with sound, giant figures, and playsets like the Pizza Fire Van and Sewer Lair Playset. Notably, the TMNT franchise continues to thrive, evidenced by the success of re-released classic toys. The film will premiere in theaters on August 4, 2023.