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Paramount Global (PARAA) drives innovation across television, film, and streaming through iconic brands like CBS, Paramount Pictures, and Paramount+. This news hub provides investors and industry professionals with essential updates on corporate developments, content strategies, and market positioning.
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The renewed partnership between Paramount and Virgin Media will launch Paramount+ on Virgin TV in 2023, enhancing access to over 8000 hours of exclusive content. Pluto TV, a leading free ad-supported service, will also expand its distribution to Virgin Media, including thematic channels and movies. This agreement aims to bolster Paramount's streaming growth in the UK. Executive statements highlight the commitment to providing diverse entertainment to customers and the ambition to enhance service offerings through this collaboration.
Paramount Global (NASDAQ: PARA, PARAA) reported its third-quarter financial results for the period ending September 30, 2022, announcing a significant decline in revenue and earnings per share (EPS). The company noted challenges in its streaming segment, which affected overall profitability. The earnings call is scheduled for November 2, 2022 at 8:30 a.m. ET, with an audio replay available later in the day. Paramount continues to focus on expanding its media offerings across various platforms while striving to enhance viewer engagement.
Monster High The Movie debuted as the top kids and family movie on Paramount+ during its launch week, attracting over 4M viewers across Nickelodeon platforms. Following this success, Nickelodeon and Mattel Television have announced a sequel set to begin production in January in Vancouver, with a release planned for 2023. This musical film continues the legacy of the Monster High franchise, promoting themes of self-acceptance and empowerment. Additionally, a new animated series will premiere on Nickelodeon on Oct. 28.
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.
