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) 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+.
Paramount (NASDAQ: PARA, PARAA) announces the Taylor Hawkins Tribute Concert, honoring the late drummer and musician. The event takes place on September 3, 2022, at Wembley Stadium, featuring a star-studded lineup including Foo Fighters and surprise guests like Dave Chappelle and Chris Rock. The concert will be streamed live on Paramount+, Pluto TV, and MTV platforms, with on-demand access following the event. Highlights will be broadcast on CBS and MTV internationally. Proceeds from ticket and merchandise sales will benefit charities chosen by Hawkins' family.
The Nick Jr. Friends Event returns to Nickelodeon Hotels & Resorts Punta Cana and Riviera Maya, offering families significant savings of up to 43% and $400 in Resort Credits. Scheduled from September 8 to October 31, 2022, the event features character appearances from Chase, Marshall, Skye, and newcomers like Santiago from Santiago of the Seas. Families can enjoy all-inclusive amenities, including gourmet dining and themed activities. The offer is valid for bookings made by October 30, 2022.
Paramount+ has announced the premiere of BABY SHARK'S BIG MOVIE!, the first feature-length animated film based on the popular preschool franchise. Set to debut during the holiday season in 2023, the film will follow Baby Shark's adventures in Chomp City, facing an evil pop starfish named Stariana. Directed by Emmy Award-winner Alan Foreman, this movie is a collaboration between Nickelodeon Animation and The Pinkfong Company. The Baby Shark franchise, which features a hit series, Baby Shark's Big Show!, continues to dominate preschool television in the U.S.
Paramount Global (NASDAQ: PARA, PARAA) reported its second quarter financial results for the period ended June 30, 2022. The company continues to expand its portfolio, which includes CBS, Showtime Networks, and Paramount+. Key highlights include substantial audience reach with innovative streaming services and a robust library of TV and film titles. Despite challenges in the media landscape, Paramount remains a key player in entertainment, emphasizing its commitment to delivering quality content and experiences to audiences worldwide.
Paramount Global (NASDAQ: PARA; PARAA) has declared a quarterly cash dividend of $0.24 per share on its Class A and B common stock. This dividend will be payable on October 3, 2022, to stockholders of record by the close of business on September 15, 2022. Additionally, a dividend of $1.4375 per share on its 5.75% Series A Mandatory Convertible Preferred Stock has also been announced, with the same payment date.
Paramount Global (NASDAQ: PARA, PARAA) has appointed Pamela Kaufman as President and CEO of International Markets, Global Consumer Products & Experiences. This newly created role underlines the company's strategy to globalize operations and enhance international growth. Kaufman, who was previously the President of Global Consumer Products and Experiences, will oversee Paramount's international business across six continents, including streaming platforms like Paramount+ and Pluto TV. Raffaele Annecchino has departed the company after a long tenure.
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