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+ has announced the premiere of DORA season two on September 13, 2024, exclusively on their streaming platform in select countries. The new season features 26 CG-animated episodes following Dora's adventures in a magical rainforest. Additionally, season one will debut on Nickelodeon and Nick Jr. channel starting September 16.
The series stars Diana Zermeño as Dora, with a talented voice cast including Dascha Polanco joining as a guest star. Created by Chris Gifford and Valerie Walsh Valdes, DORA continues the legacy of the globally popular Dora the Explorer franchise, which has been translated into 32 languages and viewed in over 150 countries since its launch in 2000.
Paramount Global (NASDAQ: PARA, PARAA) has announced a quarterly cash dividend of $0.05 per share on both its Class A and Class B Common Stock. The dividend will be payable on October 1, 2024, to stockholders of record at the close of business on September 16, 2024. This announcement demonstrates Paramount's commitment to providing regular returns to its shareholders, despite challenging market conditions in the media and entertainment industry. The consistent dividend payout, albeit modest, may be seen as a signal of the company's financial stability and confidence in its future cash flows.
Nickelodeon and Spin Master are celebrating the Dog Days of Summer with a month of Rubble & Crew premieres starting August 5, 2024. The event includes a PAW Patrol crossover and a special episode featuring MLB superstar Aaron Judge on August 26. New episodes will air Monday through Thursday at 11 a.m. ET/PT on Nickelodeon and 5 p.m. ET/PT on the Nick Jr. channel.
The crossover event, 'The Crew and Skye Build a Mountain Lodge,' premieres on August 5. Season one of Rubble & Crew will be available to stream on Paramount+ starting September 4, 2024. The series, a spinoff of the popular PAW Patrol franchise, follows Rubble and his pup family as they tackle construction projects in Builder Cove.
Litehouse, America's #1 refrigerated ranch dressing brand, is launching two new product lines this summer: Litehouse Kids and Litehouse Loaded. The Kids line features dips inspired by popular franchises like PAW Patrol and Teenage Mutant Ninja Turtles, with flavors such as Pizza Ranch and Cheddar Cheesy. The Loaded line introduces three bold sauces: Loaded Fry Sauce, Loaded Taco Sauce, and Loaded Buffalo Sauce.
These new products aim to revitalize the refrigerated salad dressing category and cater to both returning and new customers. The Litehouse Kids & Loaded lineup will be available nationally at Walmart locations in the refrigerated produce section, with suggested retail prices ranging from $4.99 to $6.99.
Nexstar Media Group (NASDAQ: NXST) and Paramount Global (NASDAQ: PARA, PARAA) have announced a multi-year renewal of CBS Television Network affiliations for 42 markets. This agreement covers 40 stations owned by Nexstar and 2 owned by Mission Broadcasting, reaching 15% of the U.S. audience and serving nearly 19 million television households.
Additionally, two Paramount-owned independent stations in Miami (WBFS-TV) and Detroit (WKBD-TV) will become affiliates of The CW Network on September 1, 2024. These stations will begin broadcasting the network's news, primetime entertainment, live sports, and special event programming.
The financial terms of these agreements were not disclosed.
Nickelodeon and Paramount Pictures celebrated SpongeBob SquarePants' 25th anniversary at Comic-Con International: San Diego 2024 with exciting announcements and reveals. Highlights include:
1. Mark Hamill will voice 'The Flying Dutchman' in the upcoming theatrical film 'The SpongeBob Movie: Search for SquarePants', set to release on December 19, 2025.
2. An exclusive clip from 'Saving Bikini Bottom: The Sandy Cheeks Movie', coming to Netflix on August 2.
3. A first look at the one-hour special 'Kreepaway Kamp', airing this fall on Nickelodeon and Paramount+.
4. Live table reads by the original voice cast of classic episodes.
SpongeBob SquarePants remains the most-watched animated series for 22 consecutive years, with a global fanbase and presence in over 180 markets.
Nickelodeon and VStar Entertainment Group have announced PAW Patrol Live! "A Mighty Adventure," a new live stage show based on the popular animated series. The tour begins in October 2024, featuring the pups' super-powered adventure in Adventure City. Presale starts July 24, with select markets on sale August 2.
The show follows the PAW Patrol pups as they use their Mighty Pup Powers to outsmart supervillain Victoria Vance and save Adventure City's biggest party. This marks the fourth PAW Patrol Live! production, with previous shows seen by 5 million people in over 40 countries. The tour includes cities like Lake Charles, Cedar Park, Beaumont, San Antonio, Dallas, Midland, Houston, Baton Rouge, Macon, Milwaukee, Lexington, and Newark, with more to be announced.
Paramount Global (NASDAQ: PARA, PARAA) has announced it will report its second-quarter financial results on August 8, 2024. The earnings release will be followed by a conference call at 4:30 p.m. ET, accessible via live audio webcast on Paramount's Investors homepage or by dialing specified phone numbers with the provided access code. An audio replay will be available starting at 7:30 p.m. ET on the same day. Investors can subscribe to email alerts on Paramount's website to receive the latest financial news.
NickWatch, designed by Watchinu under a Nickelodeon license, is launching in the US. The smartwatch for kids, previously successful in the UK and awarded the Red Dot Design Award, will be available on Walmart.com starting July 13, and in Walmart stores in October. Priced at $119, it features games and activities inspired by Nickelodeon characters, along with safety features like GPS tracking. The NickWatch app, available via subscription, offers parental controls. The watch has a 36-hour battery life and can automatically connect to networks globally. Additional accessories, including new strap designs and headphones, are planned for release.
Nickelodeon celebrates 25 years of SpongeBob SquarePants with an immersive tribute at Comic-Con International: San Diego 2024. The 1,800 square-foot booth will recreate the 'Help Wanted' episode with 3D animation and AR, featuring SpongeBob's pineapple home, The Krusty Krab, and Barg'N-Mart. Daily activities include interactive games, photo opportunities, autographs, and exclusive merchandise. Outdoor attractions include a 12-foot-tall 'SpongeBob Fountain of Positivity' and SpongeBob-themed installations at the Hard Rock Hotel. Panels will include 'Celebrating 25 Years of Nickelodeon's SpongeBob SquarePants' and 'Avatar: Braving the Elements – Live!' featuring cast members and special guests. This event aims to engage fans and celebrate the long-standing cultural impact of SpongeBob SquarePants, which has been a global phenomenon since its debut on July 17, 1999.
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?
