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.
GNC has launched an exclusive collaboration with GHOST, introducing a line of Teenage Mutant Ninja Turtles (TMNT) inspired sports nutrition products. This nostalgic range features a new flavor, "OOZE," blending citrus and tangerine, and includes four products: LEGEND®, PUMP, and two GAMER variants. Available at GNC locations and online, this partnership aims to innovate within the sports nutrition market while appealing to '90s nostalgia. The collaboration reflects GHOST's commitment to authenticity and creativity in product development.
Nickelodeon's Nick News will debut a new episode on April 27, 2022, at 7 p.m. (ET/PT), highlighting resilient children overcoming challenges. This episode features kids displaced by the war in Ukraine, members of Girl Scout Troop 6000™ in New York City's shelter system, and Farmer Kendall, Georgia's youngest USDA certified farmer. The program aims to inspire viewers with these remarkable stories. Following its premiere, the episode will be available on Nick.com and the Nick App starting April 28. Nickelodeon remains a leading entertainment brand for kids globally.
Paramount Global (NASDAQ: PARA, PARAA) will announce its financial results for Q1 2022 on May 3, 2022, following a conference call at 8:30 a.m. ET. An audio webcast will be available on the company's Investor Relations page. Investors can access the call via phone using access codes provided in the release. Paramount, a leading global media company with brands like CBS, Showtime, and Paramount+, creates premium content and boasts a significant U.S. television audience share. More details will be accessible on their Investors homepage.
Paramount Global and RECUR have launched a platform, Paramount.xyz, featuring Star Trek™ NFTs, marking the first step in a long-term collaboration to immerse fans in the metaverse. The collectibles will be available from April 9, 2022, at a price of $250 per pack, with a limited issue of 20,000 NFTs. The sale will last only 24 hours, and unique starship designs will be revealed on April 8. Following this launch, Star Trek™ will pave the way for future collectibles from renowned franchises like Nickelodeon and Paramount Pictures.
Paramount Global (NASDAQ: PARA; PARAA) announced a quarterly cash dividend of $0.24 per share for its Class A and Class B Common Stock, payable on July 1, 2022. Stockholders must be on record by June 15, 2022. Additionally, the company declared a dividend of $1.4375 per share on its 5.75% Series A Mandatory Convertible Preferred Stock, also payable on July 1, 2022, with the same record date. Paramount continues to be a leading global media and entertainment company, delivering substantial content through various platforms.
Nickelodeon's Noggin platform launched Bubble Guppies: Dive into The Met, a new interactive game designed for children ages 2-7. This educational game allows kids to explore art from The Metropolitan Museum of Art, promoting creativity and critical thinking. The game aligns with Noggin's early learning framework, featuring art appreciation and decision-making skills. In addition, Noggin introduced new math and literacy content, expanding its library to over 400 educational resources aimed at building essential skills. This initiative enhances Noggin's offerings amid growing demand for interactive learning.
Paramount Global (NASDAQ: PARA, PARAA) announced the redemption of $1 billion in senior notes, comprising $275 million of 3.50% notes due January 15, 2025, and $695 million of 4.750% notes due May 15, 2025. The redemption dates are set for April 18, 2022, for the 3.50% notes, and April 11, 2022, for the 4.750% notes. The redemption price will include the principal amount, a calculated make-whole amount, and accrued interest up to the respective redemption dates. This strategic move reflects the company's commitment to optimizing its debt structure.
FAQ
What is the current stock price of Paramount Global (PARAA)?
What is the market cap of Paramount Global (PARAA)?
What are the key brands under Paramount Global?
What segments does Paramount Global operate in?
What does the TV media segment of Paramount Global entail?
Which film studios fall under Paramount Global's filmed entertainment division?
What are some of the streaming platforms offered by Paramount Global?
Where can I find more information about Paramount Global's latest news and updates?
