Paramount Global - PARAA STOCK NEWS

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.

Producer Seth Rogen has announced a star-studded voice cast for the CG-animated film Teenage Mutant Ninja Turtles: Mutant Mayhem, which is set to be released in theaters on August 4, 2023. The cast features notable actors including Rose Byrne, John Cena, Jackie Chan, and Paul Rudd. The announcement was made during the Nickelodeon Kids' Choice Awards on March 4, 2023, and the film follows the Ninja Turtles as they seek acceptance in New York City. Nickelodeon's first CG-animated theatrical production, the film aims to rejuvenate the beloved franchise that has generated billions in consumer products since its inception in 1984.

Nickelodeon Studios has announced the greenlight of The Thundermans Return, an all-new feature-length movie based on the popular series that ran from 2013 to 2018. Production will begin in Los Angeles this April, celebrating the original cast's return, including Kira Kosarin and Jack Griffo. The film will follow the superhero family's adventures as they adjust back to their old lives. The Thundermans ranks as Nickelodeon's number-one series among kids 2-11, with a significant resurgence on streaming platforms. The movie aims to captivate both original fans and new audiences, building on the show’s successful legacy.

BET Media Group, a unit of Paramount (NASDAQ: PARAA; PARA; PARAP), has announced the return of the "BET Her Awards" on March 5, 2023, in Atlanta. Sponsored by Walmart, this event honors Black women's contributions across various fields under themes like Black Love, Joy, Pride, and Power. Notable honorees include Kandi Burruss, Kym Whitley, and Marsai Martin, alongside performers Tamela Mann and MC Lyte. The awards celebrate the resilience of Black women and reaffirm BET Media Group's commitment to uplifting the Black community through strategic partnerships and innovative programming.