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.
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.
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.
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.
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.
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.
Paramount Global (NASDAQ: PARA; PARAA) announced that its CEO, Bob Bakish, will participate in the Goldman Sachs Communacopia + Technology Conference on September 14, 2022, at 1:45 p.m. ET. A live audio webcast will be accessible on Paramount's Investor Relations site, and a replay will be available shortly after the event. Paramount is a leading media and entertainment company known for its extensive portfolio including CBS, Showtime, Nickelodeon, and Paramount+.
SkyShowtime, a streaming service launched on 20 September 2022, is a joint venture between Comcast (CMCSA) and Paramount Global (PARA, PARAA). Initially available in the Nordics, it will expand to the Netherlands and Central & Eastern Europe by the end of 2022 and early 2023. Offering exclusive first-run films and new scripted series from top studios, SkyShowtime aims to deliver thousands of hours of family-friendly content. Monthly prices will be €6.99 in Finland, DKK 69 in Denmark, NOK 79 in Norway, and SEK 79 in Sweden.
Paramount Global (NASDAQ: PARA, PARAA) announced that Brian Robbins, President and CEO of Paramount Pictures and Nickelodeon, will speak at the BofA Securities 2022 Media, Communications and Entertainment Conference in Los Angeles on September 7, 2022, at 11:50 a.m. ET. A live audio webcast of the session will be available on Paramount's Investor Relations homepage, with a replay accessible afterward. Paramount Global is a leading media company known for its diverse portfolio of entertainment brands, including CBS, Showtime, and Paramount+, delivering significant audience reach.
Nickelodeon and the NFL, in collaboration with CBS Sports, are set to launch the second season of NFL Slimetime on September 14 at 7 p.m. (ET/PT). The weekly half-hour series will include exciting segments like the 'Best Play Ever' and youth football spotlights, aiming to entertain families. Hosts Nate Burleson and Young Dylan return, accompanied by new correspondent Mia Burleson. The series will air for 23 episodes, concluding on February 15, and will be available for streaming on Paramount+.
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