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 and Paramount are celebrating SpongeBob SquarePants' 25th anniversary with 'The Krabby Patty Kollab,' bringing Krabby Patty-inspired dishes to real-world menus. Starting October 8, over 100 interpretations will be available at more than 250 restaurants across 12 cities worldwide until October 27.
The collaboration includes various culinary styles, from dumplings to ice cream, all inspired by Bikini Bottom's famous secret recipe. Wendy's will offer a special Krabby Patty Kollab Burger and Pineapple Under the Sea Frosty in the U.S., Canada, and Guam through early November.
This initiative is part of a broader 25th anniversary celebration, which includes new content, experiences, and products. An anniversary special, 'Kreepaway Kamp,' will premiere on October 10 on Nickelodeon and Paramount+. Since its 1999 launch, SpongeBob SquarePants has become a global phenomenon, viewed in over 180 markets and translated into more than 30 languages.
Wendy's and Paramount are partnering to celebrate the 25th anniversary of SpongeBob SquarePants with the launch of the Krabby Patty Kollab. This -time collaboration introduces two new menu items: the Krabby Patty Kollab Burger and the Pineapple Under the Sea Frosty.
The Krabby Patty Kollab Burger features a quarter pound of fresh beef, American cheese, lettuce, tomato, pickle, onion, and a secret Krabby Kollab sauce. The Pineapple Under the Sea Frosty is a vanilla Frosty with a Pineapple Mango flavored puree swirl.
Available nationwide in the U.S., Canada, and Guam starting October 8, 2024, these items can be purchased at Wendy's restaurants and through the Wendy's mobile app. An exclusive preview will be available in Los Angeles on October 7-8 through an immersive drive-thru experience in Panorama City.
Bath & Body Works (NYSE: BBWI) has announced a new collaboration with Paramount Consumer Products for the Netflix series Emily in Paris. The -edition holiday collection features over 50 products designed to capture the essence of the show through fragrance and fashion.
The collection includes four exclusive fragrances: Champagne in Paris, Paris Amour, Lavender Luxe, and Macaron Cloud. Products range from fine fragrance mists and body care items to candles and home fragrances, priced between $1.95 and $36.95.
This partnership follows Bath & Body Works' successful collaborations with other popular TV series like Bridgerton and Stranger Things. The company aims to engage fans by bringing the show to life through fragrance, leveraging its expertise in personal care and home fragrance products.
The Bath & Body Works x Emily in Paris collection will be available in stores nationwide and online starting November.
PAW Patrol 3, the upcoming installment in the blockbuster franchise, has cast Academy Award winner Jennifer Hudson and comedian Fortune Feimster alongside returning Emmy nominee Mckenna Grace. Set for an exclusive theatrical release in 2026, the film is produced by Spin Master Entertainment in association with Nickelodeon Movies and distributed by Paramount Pictures.
Veteran animation director Cal Brunker will return to direct and co-write the film with Bob Barlen. The first two PAW Patrol films, also directed by Brunker, earned over $345 million at the global box office. Jennifer Dodge, President of Spin Master Entertainment, expressed excitement about the new cast additions, emphasizing their potential to enhance the franchise's storytelling.
Hudson, an EGOT winner, and Feimster, a accomplished stand-up comedian and actor, bring their considerable talents to the beloved children's franchise. The film follows the recent ten-year anniversary of the PAW Patrol franchise and aims to captivate young audiences and families worldwide.
Paramount Global (NASDAQ: PARA, PARAA) has announced a quarterly cash dividend declaration by its Board of Directors. The dividend, set at $0.05 per share, will be applicable to both Class A and Class B Common Stock. Stockholders of record as of the close of business on December 16, 2024, will be eligible to receive the dividend payment, which is scheduled for January 2, 2025.
Andy & Evan, a children's apparel brand, has partnered with Paramount Consumer Products to launch an exclusive SpongeBob SquarePants collection. Set to debut on September 26th, 2024, the line celebrates the series' 25th anniversary year. The collection includes clothing and accessories for boys and girls, from infant to size 14, featuring outerwear, tees, hoodies, dresses, and collectible bombers.
The collaboration aims to bring the whimsical world of Bikini Bottom to life through vibrant and stylish apparel. The collection will be available on Andy & Evan's e-commerce platform and at select retailers like Nordstrom, Bloomingdales, and Maisonette.com. It includes three collections: Back to School, Holiday, and Resort, each incorporating unique design elements that reflect SpongeBob's playful world and characters.
BET and The National Pan-Hellenic Council (NPHC) have launched the 'We VOTE' Public Service Announcements (PSA) featuring all nine Black fraternities and sororities, known as the 'Divine Nine'. The initiative aims to drive awareness, encourage voter participation, and reinforce the importance of every vote in shaping the future for the 2024 election.
The PSA includes leaders from each of the Divine Nine organizations, as well as nine emerging young leaders. BET's 'We VOTE' effort emphasizes voting for Ourselves, Togetherness, and Everyone. The campaign is part of BET's commitment to empowering Black voters and driving civic engagement.
The PSAs, produced by The House of JOY, are available for download and sharing on social media platforms. For more information, visit BET.com/vote.
BET Media Group, a unit of Paramount (NASDAQ: PARA), is leading the 5th Annual National Black Voter Day on September 20, 2024. This initiative, in partnership with the National Urban League, NAACP, and over 40 civic engagement partners, aims to mobilize Black voters for the 2024 election. BET's comprehensive strategy includes:
1. Voter education initiatives across linear, digital, and social platforms
2. In-market activations like Vote Fest Rally in Philadelphia
3. HBCU integrations with NextGen America
4. Community conversations on Black male voter engagement
The campaign focuses on three key moments: Registration (Sept. 20), Early Voting (during BET Hip Hop Awards 2024), and Turnout (Nov. 5). BET's efforts aim to empower Black voters, protect against disenfranchisement, and educate on collective power in local, state, and national elections.
Ocean Spray has partnered with Paramount Consumer Products to celebrate the 20th anniversary of Mean Girls by launching Mean Girls x Ocean Spray Zero Sugar Cranberry and Mixed Berry Juice Drinks. This collaboration features -edition pink packaging and a reimagined rap by Rajiv Surendra, who played Kevin G in the original film.
The new drinks contain zero sugar and no artificial sweeteners, offering a modern twist on the cranberry juice cocktail featured in the movie. Available nationwide at major retailers for $3.65, these drinks are an excellent source of Vitamin C. Ocean Spray will provide free samples on October 3rd, Mean Girls Day, around New York's Union Square.
This partnership aims to spotlight Ocean Spray's Zero Sugar line while celebrating the enduring popularity of Mean Girls, demonstrating how both the brand and the film's cultural impact have evolved over two decades.
Comic Relief US and Wonder Works Studio have launched a groundbreaking Roblox music festival as part of the 2nd annual Kids Relief campaign, 'Game to Change the World.' The event features immersive concerts from Imagine Dragons, Conan Gray, d4vd, Poppy, and Alexander Stewart, aiming to inspire social good through gaming.
Users can access the festival through the Kids Relief Simulator game, as well as Nickelodeon's SpongeBob Simulator and Teenage Mutant Ninja Turtles Battle Tycoon. The experience includes collecting 'good karma' while exploring fantastical environments inspired by the artists' lives and music.
The campaign also highlights young changemakers and involves top Roblox Content Creators in fundraising efforts. Supporters include e.l.f. Cosmetics and Overtime, offering prize packages to donors. The initiative aims to raise funds for programs fostering youth empowerment, education access, and economic growth opportunities.
FAQ
What is the current stock price of Paramount Global (PARAA)?
What is the market cap of Paramount Global (PARAA)?
What are the key brands under Paramount Global?
What segments does Paramount Global operate in?
What does the TV media segment of Paramount Global entail?
Which film studios fall under Paramount Global's filmed entertainment division?
What are some of the streaming platforms offered by Paramount Global?
Where can I find more information about Paramount Global's latest news and updates?
