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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.
Paramount Global is set to host the Paramount Global Summit on Disability on October 31, 2022, at its Hollywood Gower office in Los Angeles. This virtual and in-person event will feature keynote speaker Danny Woodburn and discussions aimed at promoting disability inclusion in entertainment. The summit coincides with National Disability Employment Awareness Month and aims to highlight underrepresentation of disabled individuals in media. Paramount’s ongoing initiatives include the CBS Performers with Disabilities Talent Initiative to improve casting opportunities for disabled talent.
Nickelodeon will debut a new float and balloon hybrid featuring Baby Shark at the 96th Annual Macy's Thanksgiving Day Parade on Nov. 24, 2022. The float is 18-feet long with a seascape theme, complemented by a 25-foot Baby Shark balloon. The parade will also see returning favorites like Blues Clues & You!, SpongeBob SquarePants, PAW Patrol, and The Smurfs. Nickelodeon's Blue's Big City Adventure movie premieres on Nov. 18 on Paramount+, enhancing the brand's presence during the holiday.
On October 12, 2022, CJ 4DPlex announced that Paramount Pictures' 'Top Gun: Maverick' has achieved $60 million in box office sales through its immersive formats, 4DX and ScreenX. This film has become the highest-grossing title in CJ 4DPlex's history, with 4DX exceeding $40 million and ScreenX surpassing $20 million globally. Key regional contributions include $13 million from North America and over $22 million from the APAC region. The company operates 786 4DX theatres and 370 ScreenX theatres worldwide, making it the second-largest premium format network globally.
SpongeBob SquarePants Presents The Tidal Zone is Nickelodeon's first crossover event featuring iconic characters from SpongeBob SquarePants, The Patrick Star Show, and Kamp Koral. Premiering on November 25, this special promises a multidimensional adventure filled with comedy and familiar antics. The reveal occurred during the New York Comic Con where the voice cast and executive producers shared insights. SpongeBob SquarePants remains a significant cultural phenomenon, being the most-watched animated series for nearly 20 years and expanding with new episodes and movies.
Paramount+, Nickelodeon, and Hasbro's Entertainment One (eOne) announced the debut of the animated series TRANSFORMERS: EARTHSPARK, launching its first 10 episodes on November 11 in the U.S. and Canada. The series introduces a new generation of Transformers born on Earth and highlights the voice talents, including Nolan North and Marc Evan Jackson. The trailer was unveiled at New York Comic Con 2022. The show aims to redefine family through new robot characters and human connections, with its global rollout beginning in November.
Nickelodeon and Mattel unveiled the official trailer for the Monster High animated series, debuting post the live-action movie musical Monster High The Movie on October 6, 2022, at 7 p.m. ET/PT. Viewers can catch a sneak peek of the episode 'Food Fight' and 'Unfinished Brain-ness' on the Nick App, Nick.com, and VOD starting October 7. The series, featuring a diverse cast, will premiere on Nickelodeon in the U.S. on October 28, 2022. The franchise promotes self-acceptance and individuality, launching new dolls and merchandise to resonate with a newer audience.
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.
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.
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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