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 (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.
Paramount+ is set to release the new animated series Transformers: EarthSpark exclusively on its platform this November. The series introduces a fresh generation of Transformers, marking the first to be born on Earth, alongside a human family. The project includes 26 episodes and boasts a talented voice cast featuring Sydney Mikayla, Danny Pudi, and others. The reveal happened at Comic-Con International 2022, showcasing the series' first look. Transformers: EarthSpark aims to redefine family dynamics within the globally recognized Transformers franchise.
Nickelodeon is set to premiere its first-ever SpongeBob Universe crossover special, "The Tidal Zone," in November. This one-hour event features characters from SpongeBob SquarePants, Kamp Koral: SpongeBob's Under Years, and The Patrick Star Show. Revealed during Comic-Con International, the special promises a multidimensional adventure led by GrandPat and includes iconic voice talent.
The announcement comes alongside news of a 14th season for SpongeBob SquarePants, further expanding the franchise's reach, which includes over 100 million viewers quarterly worldwide.
Nickelodeon and Paramount+ announced the renewal of Rugrats for a third season, adding 13 episodes to the second season. The announcement was made during Comic-Con 2022, revealing the beloved characters will continue their adventures in 2023. The reimagined series showcases Tommy, Chuckie, Angelica, and friends as they explore imaginative worlds. The original Rugrats debuted in 1991, becoming a pop culture phenomenon with multiple awards and three theatrical releases.
Nickelodeon will host the two-day music festival NickFest on October 22-23, at the Rose Bowl Stadium in Pasadena, California. MONSTA X will headline on October 22, while The Kid LAROI headlines on October 23. General tickets go on sale on July 26, starting at $115, with early access for American Express Platinum Card members from July 20. Attendees will enjoy various immersive experiences and Halloween-themed activities. Nickelodeon, part of Paramount (Nasdaq: PARA, PARAA), continues to lead as the top entertainment brand for kids.
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