Paramount Global - PARAA STOCK NEWS

Nickelodeon has announced the addition of Modern Family to its Nick at Nite programming lineup starting Monday, Sept. 9. All 11 seasons of the 22-time Emmy® Award-winning comedy series will air daily from 2-4 a.m. (ET/PT). This marks the first time Modern Family will air within Paramount's family of brands. The show joins other popular comedies in Nick at Nite's roster, including Friends, Mike & Molly, Mom, Young Sheldon, and The Neighborhood.

Rachel Crain, SVP of Programming & Content Strategy at Nickelodeon Networks, expressed excitement about adding the critically acclaimed sitcom to their nightly lineup. The licensing agreement with Disney Entertainment was negotiated by Barbara Zaneri, Chief Programming Acquisitions Officer for Paramount Global.

Comic Relief US and Nickelodeon are launching the 2nd annual Kids Relief campaign, 'Game to Change the World,' from Aug. 27 to Sept. 20. The campaign features:

1. A Roblox game called Kids Relief Simulator with celebrity guests.

2. A Roblox scavenger hunt in partnership with games like SpongeBob Simulator and Teenage Mutant Ninja Turtles Battle Tycoon.

3. Real-world community service activities guided by Nickelodeon Our World.

4. A star-studded Roblox music festival featuring artists like Imagine Dragons and Conan Gray.

The campaign aims to empower kids to become changemakers, raising funds for programs supporting youth empowerment, education, and economic growth opportunities.

Paramount Global's Special Committee announced the end of the 'Go-Shop' process as Edgar Bronfman Jr.'s consortium withdrew their acquisition proposal. The committee contacted over 50 third parties during this period to explore potential acquisition offers. Charles E. Phillips, Jr., Chair of the Special Committee, reaffirmed their belief that the agreed transaction with Skydance Media offers immediate value and potential for continued growth in a rapidly evolving industry.

The Skydance transaction is expected to close in the first half of 2025, subject to regulatory approvals and other conditions. Paramount will file a registration statement on Form S-4 with the SEC, including an information statement/prospectus, regarding the proposed transactions involving Paramount, Skydance, and NAI.

Charter Communications (NASDAQ: CHTR) and Paramount Global (NASDAQ: PARA, PARAA) have announced that Paramount+ Essential, the ad-supported version of Paramount's streaming service, is now included at no extra cost in all Spectrum TV Select and Mi Plan Latino packages nationwide. This offering is part of a new multi-year distribution agreement between the companies.

Spectrum video customers can now access over 40,000 episodes of shows and movies, including popular original series and live sports on CBS. The service can be streamed through the Xumo Stream Box or any Paramount+ supported device. This partnership aims to provide greater value for Spectrum's video customers while creating new distribution opportunities for Paramount, contributing to a healthier video ecosystem.

Paramount Global's Special Committee has announced the receipt of an acquisition proposal from Edgar Bronfman, Jr., representing a consortium of investors. This proposal qualifies the Bronfman Consortium as an 'Excluded Party' under the terms of the Skydance transaction agreement. As a result, the 'go shop' period for the Bronfman Consortium has been extended until September 5, 2024. The Special Committee contacted over 50 third parties during the go-shop period to gauge interest in acquiring Paramount. For other parties, the go-shop period expires at 11:59 p.m. Eastern Time today. Centerview Partners and Cravath, Swaine & Moore LLP are serving as financial advisor and legal counsel, respectively, to the Paramount Special Committee.

Michel Germain Parfums has partnered with Paramount Consumer Products to launch a prestige fragrance collection inspired by the hit series Emily in Paris. The collection, crafted by award-winning perfumer Michel Germain, aims to capture the essence of the show's protagonist and Parisian romance. Available fragrances include Emily in Paris, Emily in Paris Heartfelt, Emily in Paris Romantic, Emily in Paris Je T'aime, and Emily in Paris Pour Homme for men.

Michel Germain, known for creating fragrances out of love for his wife, ensures each scent embodies genuine romance. The collection is now available on MichelGermain.com, coinciding with the release of Emily in Paris Season 4 Part 1 on Netflix on August 15th. This collaboration leverages Paramount's diverse portfolio of consumer brands and aims to offer fans a tangible connection to the popular series.

Home Chef, a leading meal solutions company, has partnered with the popular animated series PAW Patrol for a four-week collaboration aimed at making family dinnertime more exciting. Starting August 12, 2024, customers can order PAW Patrol-themed recipes that will change weekly until September 13. Each Family Menu meal will come in a special interactive box inspired by the PAW Patroller truck and include a surprise PAW Patrol toy.

The menu features character-inspired dishes like Chase's Cheesy Turkey Quesadilla and Marshall's Fire Roasted Tomato Tortellini. Home Chef is also hosting a giveaway for a PAW Patrol playhouse, kids' dishware set, and a year's worth of meals. New customers can use the code 'RESCUEDINNER' to receive 18 free meals. This collaboration aims to make mealtime more convenient, approachable, and fun for families with young children.

Paramount Global (NASDAQ: PARA, PARAA) has released its financial results for the second quarter ending June 30, 2024. The company will host a conference call at 4:30 p.m. (ET) to discuss the results, with a live audio webcast available on Paramount's Investors homepage. Interested parties can also join the call by dialing 833-470-1428 (domestic) or 929-526-1599 (international) using access code 898372.

An audio replay of the call will be accessible on August 9 in the Events & Webcasts section of Paramount's Investors website, and via phone at 866-813-9403 using access code 190402. The earnings release and related information will be available on the company's Investors homepage. Investors can subscribe to email alerts for automatic updates on Paramount's latest financial news.

NatureSweet, North America's largest vertically integrated controlled environment agricultural company, is launching Cherubs® To Go PAW Patrol® snack packs this August. These convenient 2.25oz containers feature NatureSweet's popular Cherubs® tomatoes with PAW Patrol® characters on the packaging, aimed at encouraging healthier snacking habits among children.

The initiative addresses the CDC's findings that many children aged 1-5 don't consume fruits and vegetables daily. Cherubs® To Go PAW Patrol offers a ready-to-eat, nutritious option for lunchboxes and backpacks. The snack packs come in a three-pack format and are available at major retailers like Walmart, Albertsons, and ShopRite. This collaboration aims to support parents in providing healthy, convenient snacks for their children during the busy school year.