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Paramount Global (PARAA) drives innovation across television, film, and streaming through iconic brands like CBS, Paramount Pictures, and Paramount+. This news hub provides investors and industry professionals with essential updates on corporate developments, content strategies, and market positioning.
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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.
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.
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.
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.
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.
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.
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.
On March 17, 2023, Paramount Global (NASDAQ: PARA, PARAA) filed its proxy statement and announced a significant change to its Board of Directors. Dawn Ostroff, a seasoned executive with a strong background in media and entertainment, has been nominated for election as an independent, non-executive director at the upcoming Annual Meeting on May 8, 2023. Her experience includes leadership roles at Spotify and Condé Nast Entertainment. Additionally, Candace Beinecke and Ronald Nelson will not seek re-election. The Board will consist of eleven members, eight of whom will be independent directors after the meeting.
