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.
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Karisma Hotels & Resorts, in partnership with Paramount, is transforming Nickelodeon Hotels & Resorts Punta Cana with new offerings, including the Snick Lounge, The Sweetery, and an expanded Aqua Nick waterpark. The resort will also feature in-room art updates, character-themed culinary experiences, and live entertainment offerings. The renovations aim to provide an extraordinary vacation experience for guests of all ages, celebrating the spirit of Nickelodeon.
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Popsicle (POPS) Introduces SpongeBob SquarePants Popsicles in Local Grocery Stores Nationwide, Starting January 2024
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Nickelodeon's Rock Paper Scissors (RPS) series, featuring Ron Funches as Rock, Thomas Lennon as Paper, and Carlos Alazraqui as Scissors, premieres on February 12, 2024. The show follows the hilarious escapades of the trio as they compete in absurd ways. The series was greenlit from Nickelodeon's Intergalactic Shorts Program and is produced by Nickelodeon Animation, with Kyle Stegina and Josh Lehrman as creators and executive producers.
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Mattel, Inc. (NASDAQ: MAT) collaborates with Paramount Pictures and Temple Hill Entertainment to develop a live-action feature film based on the American Girl doll line. The film will be distributed by Paramount Pictures and produced by Mattel Films, Paramount Pictures, and Temple Hill Entertainment. Lindsey Anderson Beer is set to write the screenplay and produce. American Girl, known for its premium dolls and bestselling books, was founded in 1986 and continues to focus on creating authentic, culturally relevant characters and stories that help girls grow up with courage, confidence, and strength of character.
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Oh Baby! Games (OBG) announced the launch of its debut title Oh Baby Kart, a cross-platform multiplayer kart racing game featuring iconic characters from the SpongeBob SquarePants universe. The game will enter closed beta for Windows and macOS on December 14, with mobile and console versions to follow in 2024. Oh Baby Kart offers expansive playable characters and karts, new in-depth race mechanics, a live service model, cross-platform matchmaking, new and familiar game modes, and ranked multiplayer.
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Financial Literacy for All (FL4A) announced that McDonald’s Corporation (MCD) and Paramount Global (PARA, PARAA) have joined a coalition of nearly 50 leading organizations dedicated to embedding financial literacy into the nation’s schools, workplaces, communities, and culture. FL4A members now make up more than one-quarter of the companies in the Dow Jones Industrial Average and have committed to financial literacy initiatives reaching up to six million people.
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Jack and Jill of America, Inc. (JACK) partners with Nickelodeon for Our World, a global initiative to inspire and empower kids. The initiative focuses on youth agency and provides resources and activities for kids to take action. The partnership celebrates World Children's Day with UNICEF USA and marks Jack and Jill of America's 85th anniversary.
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Nickelodeon and CBS Sports will bring Super Bowl LVIII to Bikini Bottom for a kids and family-centric, surprise-filled special presentation of the game, airing exclusively on Nickelodeon, Sunday, Feb. 11, 2024, at 6:30 p.m. (ET). Paramount's multiplatform coverage of Super Bowl LVIII will feature CBS Sports' presentation on the CBS Television Network, which will stream on Paramount+ and on mobile with NFL+, in addition to the Nick-ified telecast exclusively on Nickelodeon. SpongeBob SquarePants, Patrick Star, Sandy Cheeks, and Larry the Lobster will join CBS Sports analysts to call the game. Nickelodeon will also air the Nickelodeon NFL Nickmas Game on Monday, Dec. 25, at 1:00 p.m. (ET), between the Las Vegas Raiders and Kansas City Chiefs, featuring Teenage Mutant Ninja Turtles and special halftime presentations.
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Paramount Global (NASDAQ: PARA, PARAA) announced the pricing terms of its cash tender offers for 4.00% Senior Notes due 2026, 2.90% Senior Notes due 2027, and 3.375% Senior Notes due 2028, totaling $540,922,623.28. The offer is open to registered holders and is subject to proration and order of priority. The settlement date for validly tendered securities is expected to be November 21, 2023.
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Paramount Global (NASDAQ: PARA, PARAA) announced the early tender results of its cash tender offers for the Maximum Offer Securities. The Maximum Offer consists of the offer to purchase up to $540,922,623.28 aggregate purchase price of the Company's 4.00% Senior Notes due 2026, 2.90% Senior Notes due 2027, and 3.375% Senior Notes due 2028. The Maximum Offer is open to all registered holders of the Maximum Offer Securities and is subject to proration and order of priority. As of the Early Tender Deadline, $802,640,000 in combined aggregate principal amount of Maximum Offer Securities were validly tendered and not validly withdrawn.
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FAQ
What is the current stock price of Paramount Global (PARAA)?
The current stock price of Paramount Global (PARAA) is $21.736 as of November 4, 2024.
What is the market cap of Paramount Global (PARAA)?
The market cap of Paramount Global (PARAA) is approximately 14.6B.
What are the key brands under Paramount Global?
Paramount Global owns iconic consumer brands such as CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV, and Simon & Schuster.
What segments does Paramount Global operate in?
Paramount Global operates in three main segments: TV media, filmed entertainment, and direct-to-consumer.
What does the TV media segment of Paramount Global entail?
The TV media segment includes television production studios, various broadcast and cable networks like CBS, Paramount, Nickelodeon, MTV, BET, and VH1.
Which film studios fall under Paramount Global's filmed entertainment division?
Paramount Global's filmed entertainment division comprises multiple film studios, with Paramount Pictures being the most significant one.
What are some of the streaming platforms offered by Paramount Global?
Paramount Global provides various streaming platforms, including Paramount+, Showtime, Pluto TV, and BET+.
Where can I find more information about Paramount Global's latest news and updates?
For the latest news and updates about Paramount Global, visit their official website or follow @ParamountCo on social media platforms.
Paramount Global
Nasdaq:PARAA
PARAA Rankings
PARAA Stock Data
14.63B
40.70M
77.46%
18.59%
0.07%
Entertainment
Television Broadcasting Stations
United States of America
NEW YORK