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.
Frankford Candy unveiled new Baskin-Robbins and Krabby Patties candy varieties at the 2024 Sweets & Snacks Expo. These treats feature unique flavors and packaging, set to be available online and in stores nationwide in August. Molly Jacobson, the director of business development, expressed excitement for the innovative line-up, highlighting the unexpected flavors and imaginative packaging.
IHOP collaborates with Paramount Pictures' new movie IF to unveil an imaginative new menu for a time, including Blue's Dazzleberry Pancakes and Unbelieva-Blue Soda Pop. Kids eat free from 4pm-10pm with purchase of adult entrée. The partnership celebrates the movie's magical themes and offers unique culinary creations inspired by IF. IHOP's International Bank of Pancakes rewards program offers 3x bonus PanCoins and a chance to win a screening of IF for 50 people. The menu is available from May 6 to June 16, 2024, at participating restaurants nationwide.
CBS programming has been watched for over 456 billion minutes in the first four months of 2024, surpassing Netflix and all other streaming competitors. The network's content saw a 30% increase in viewership compared to Netflix originals and a 231% increase compared to other streaming services. CBS continues to dominate with multiple popular series and post-season NFL coverage, attracting a massive multiplatform audience.
Baskin-Robbins introduces an exclusive IF Movie Menu inspired by Paramount Pictures' film 'IF', offering imaginative and flavorful treats nationwide. The menu includes two new Flavors of the Month, Blue's Boardwalk Bash and Blossom's Berry Twirl, along with immersive in-person and digital experiences. Guests can enjoy specialty ice creams, sundaes, and experiences that aim to spark wonder and creativity in ice cream lovers of all ages. Collaborating with the IF Movie, Baskin-Robbins aims to help guests rediscover their childlike wonder and celebrate life's little wonders through delightful frozen treats.
Paramount Global reported its first-quarter earnings results for the period ending March 31, 2024. The company will host a conference call and live webcast to discuss the results. Investors can access the call via phone or webcast, with an audio replay available afterward. The earnings release and related information can be found on Paramount's Investors homepage.
Paramount Global announced the stepping down of Bob Bakish as President and CEO, with George Cheeks, Chris McCarthy, and Brian Robbins appointed to the Office of the CEO. The new leadership aims to accelerate growth, develop content, streamline operations, and optimize streaming strategy. The Board has high confidence in the new team to enhance performance and value creation. The PR highlights the success and track record of the new leaders and their strategic vision for Paramount Global.
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