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Paramount Global - PARAA STOCK NEWS

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.

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Karisma Hotels & Resorts and Grupo Lomas have won two prestigious awards for Nickelodeon Hotels & Resorts Riviera Maya. The Leading Edge Award recognizes their innovative Aqua Nick water park, which has attracted over 195,000 guests since August 2021. Additionally, they received AAA's Four Diamond Award for exceptional service and cleanliness, a testament to their commitment to guests. The park features numerous attractions, including themed water slides and events. These awards reflect the dedication to creating memorable experiences for families and visitors.

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Paramount Global (NASDAQ: PARA, PARAA) will release its third-quarter financial results for the period ending September 30, 2022, on November 2, 2022. A conference call is scheduled for 8:30 a.m. (ET) the same day, which can be accessed via telephone or through a live audio webcast on Paramount's Investor Relations homepage. An audio replay will be available after the call. Paramount is known for its extensive portfolio in media and entertainment, including CBS, Showtime Networks, and Paramount+. Stay tuned for updates regarding their financial performance.

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Nickelodeon and Mattel announced the upcoming animated series Monster High, set to premiere on October 28, 2022, at 7:00 p.m. (ET/PT). The show follows the teenage offspring of famous monsters, promoting themes of identity and acceptance. An extensive voice cast includes Ken Marino and Felicia Day, alongside previously announced actors like Gabrielle Nevaeh Green. The series will air in the U.S., Canada, the UK, and Australia, with an international rollout in 2023. Additionally, a live-action musical movie will debut on October 6, 2022.

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Paramount Global (NASDAQ: PARA; PARAA) has declared a quarterly cash dividend of $0.24 per share for Class A and B Common Stock, payable on January 3, 2023. Stockholders must be on record by the close of business on December 15, 2022. Additionally, a dividend of $1.4375 per share will be issued for its Series A Mandatory Convertible Preferred Stock, also payable on January 3, 2023. This highlights the company's commitment to returning value to shareholders amidst its diverse media and entertainment portfolio.

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Paramount+ officially launched in Italy on September 15, 2022, featuring over 8,000 hours of entertainment. The service showcases a rich lineup of local and international content, including original series such as THE OFFER and TULSA KING, alongside an extensive collection of popular movies. The launch event highlighted Paramount's commitment to investing in Italian talent, with new Italian originals like FRANCESCO IL CANTICO. Subscribers can access Paramount+ for €7.99 monthly or €79.90 annually, with a promotional price of €4.99 during the first ten days.

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Paramount Global has appointed Jo Ann Ross as Chairman of Paramount Advertising after 30 years at the company. John Halley, previously EVP and COO of Advertising, steps in as President, leading the sales across Paramount's media portfolio. Ross will continue to provide strategic advice to ensure a smooth transition. Under Halley's leadership, innovations have enhanced advertising effectiveness. Both leaders have notable industry experience, with Ross recognized as a trailblazer, and Halley credited for driving digital advertising growth.

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Nickelodeon and VStar Entertainment Group announced the launch of PAW Patrol Live! "Heroes Unite", an interactive live stage show based on the popular animated series. Beginning its U.S. tour on February 4, 2023, ticket pre-sales start on September 13, with public sales on September 16. This production celebrates the franchise's 10th anniversary, offering engaging experiences for families. Over 4.5 million fans have attended previous shows globally. The touring collaboration aims to deliver memorable entertainment for audiences, reinforcing the franchise's strong market presence.

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Pottery Barn Teen, part of Williams-Sonoma (NYSE: WSM), has launched an exclusive Star Trek home furnishings collection. This collaboration, celebrating over 50 years of Star Trek, features bedding, accessories, and décor that embody the franchise's iconic themes. Available online in time for Star Trek Day, the collection includes unique designs like LED lighting and a wallpaper mural. The partnership with Paramount Consumer Products aims to offer fans elevated home decor options that resonate with Star Trek enthusiasts of all ages.

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FAQ

What is the current stock price of Paramount Global (PARAA)?

The current stock price of Paramount Global (PARAA) is $21.736 as of November 4, 2024.

What is the market cap of Paramount Global (PARAA)?

The market cap of Paramount Global (PARAA) is approximately 14.6B.

What are the key brands under Paramount Global?

Paramount Global owns iconic consumer brands such as CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV, and Simon & Schuster.

What segments does Paramount Global operate in?

Paramount Global operates in three main segments: TV media, filmed entertainment, and direct-to-consumer.

What does the TV media segment of Paramount Global entail?

The TV media segment includes television production studios, various broadcast and cable networks like CBS, Paramount, Nickelodeon, MTV, BET, and VH1.

Which film studios fall under Paramount Global's filmed entertainment division?

Paramount Global's filmed entertainment division comprises multiple film studios, with Paramount Pictures being the most significant one.

What are some of the streaming platforms offered by Paramount Global?

Paramount Global provides various streaming platforms, including Paramount+, Showtime, Pluto TV, and BET+.

Where can I find more information about Paramount Global's latest news and updates?

For the latest news and updates about Paramount Global, visit their official website or follow @ParamountCo on social media platforms.

Paramount Global

Nasdaq:PARAA

PARAA Rankings

PARAA Stock Data

14.63B
40.70M
77.46%
18.59%
0.07%
Entertainment
Television Broadcasting Stations
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