Paramount Global operates as a media and entertainment company worldwide. The company distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; acquires or develops, and schedules programming on the CBS Television Network that includes primetime comedies and dramas, reality, specials, kids' programs, daytime dramas, game shows, and late night programs; produces or distributes talk shows, court shows, game shows, and newsmagazines; owns and operates 29 broadcast television stations; and operates CBS Sports Network, a 24-hour cable channel that provides sports and related content, as well as streaming and cable subscription services. It also operates Paramount+, a digital subscription video on-demand and live streaming services; and creates and acquires programming for distribution and viewing on various media platforms, including subscription cable networks, subscription streaming, and premium and basic cable networks. In addition, the company develops, produces, finances, acquires, and distributes films. Paramount Global was formerly known as ViacomCBS Inc. and changed its name to Paramount Global in February 2022. The company was incorporated in 1986 and is headquartered in New York, New York. Paramount Global operates as a subsidiary of National Amusements, Inc.
IPO Year:
Exchange: NASDAQ
Website: https://www.paramount.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/9/2024 | $10.00 → $11.00 | Underweight → Equal Weight | Wells Fargo |
7/9/2024 | $10.00 | Peer Perform → Underperform | Wolfe Research |
6/25/2024 | $9.50 | Sell | Goldman |
6/12/2024 | $14.00 → $9.00 | Equal Weight → Underweight | Wells Fargo |
5/3/2024 | Hold → Sell | Argus | |
5/3/2024 | Buy → Neutral | Seaport Research Partners | |
4/30/2024 | Buy → Hold | Needham | |
4/4/2024 | Underperform → Peer Perform | Wolfe Research | |
3/21/2024 | $9.00 → $13.00 | Sell → Neutral | Rosenblatt |
1/11/2024 | $17.00 → $11.00 | Neutral → Sell | Redburn Atlantic |
NEW YORK, Sept. 25, 2024 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA))) today announced that its Board of Directors has declared 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 January 2, 2025, to stockholders of record at the close of business on December 16, 2024. PARA-IR About Paramount Paramount Global (NASDAQ:PARA, PARAA))) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands,
NEW YORK, Aug. 8, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the second quarter ended June 30, 2024. Please visit the Paramount Investors homepage to view the press release. The company will conduct a conference call at 4:30 p.m. (ET) today, and a live audio webcast will be available on Paramount's Investors homepage. The conference call can also be accessed by dialing 833-470-1428 (domestic) or 929-526-1599 (international) using access code 898372. Please call five minutes in advance to ensure that you are connected prior
NEW YORK, Aug. 1, 2024 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA))) today announced that its Board of Directors has declared 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. PARA-IR About Paramount Paramount Global (NASDAQ:PARA, PARAA))) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, P
NEW YORK, July 12, 2024 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA))) announced today that it will report second quarter financial results on Thursday, August 8, 2024. The company will conduct a conference call at 4:30 p.m. (ET) following the release of its earnings materials. A live audio webcast will be available on Paramount's Investors homepage at ir.paramount.com beginning at 4:30 p.m. (ET) on August 8. The conference call can also be accessed by dialing 833-470-1428 (domestic) or 929-526-1599 (international) using access code 898372. Please call five minutes in
NEW YORK, April 29, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the first quarter ended March 31, 2024. Please visit the Paramount Investors homepage to view the press release. The company will conduct a conference call at 4:30 p.m. (ET) today, and a live audio webcast will be available on Paramount's Investors homepage. The conference call can also be accessed by dialing 833-470-1428 (domestic) or 404-975-4839 (international) using access code 860400. Please call five minutes in advance to ensure that you are connected pri
NEW YORK, April 10, 2024 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA))) today announced that its Board of Directors has declared 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 July 1, 2024, to stockholders of record at the close of business on June 17, 2024. PARA-IR About Paramount Paramount Global (NASDAQ:PARA, PARAA))) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, Paramou
NEW YORK, April 9, 2024 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA))) announced today that it will report first quarter financial results on Monday, April 29, 2024. The company will conduct a conference call at 4:30 p.m. (ET) following the release of its earnings materials. A live audio webcast will be available on Paramount's Investors homepage at ir.paramount.com beginning at 4:30 p.m. (ET) on April 29. The conference call can also be accessed by dialing 833-470-1428 (domestic) or 404-975-4839 (international) using access code 860400. Please call five minutes in ad
NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the fourth quarter and full year ended December 31, 2023. Please visit the Paramount Investors homepage to view the press release. The company will conduct a conference call at 4:30 p.m. (ET) today, and a live audio webcast will be available on Paramount's Investors homepage. The conference call can also be accessed by dialing 833-470-1428 (domestic) or 404-975-4839 (international) using access code 831006. Please call five minutes in advance to ensure that you
NEW YORK, Feb. 22, 2024 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA))) today announced that its Board of Directors has declared 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 April 1, 2024, to stockholders of record at the close of business on March 15, 2024. At the same time, the Board of Directors also declared a quarterly cash dividend of $1.4375 per share on its 5.75% Series A Mandatory Convertible Preferred Stock. The dividend will be payable on April 1, 2024, to stockholders of record at
NEW YORK, Jan. 16, 2024 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA))) announced today that it will report fourth quarter and full year 2023 financial results on Wednesday, February 28, 2024. The company will conduct a conference call at 4:30 p.m. (ET) following the release of its earnings materials. A live audio webcast will be available on Paramount's Investors homepage at ir.paramount.com beginning at 4:30 p.m. (ET) on February 28. The conference call can also be accessed by dialing 833-470-1428 (domestic) or 404-975-4839 (international) using access code 831006. P
- Bloomberg
Paramount Global's (NYSE:PARA) short percent of float has fallen 15.29% since its last report. The company recently reported that it has 54.39 million shares sold short, which is 9.2% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.71 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inte
Warner Bros Discovery Inc (NASDAQ:WBD) shares are trading higher after reports of a significant restructuring that could separate its digital streaming and studio businesses from its traditional television networks. What Happened: The David Zaslav-led entertainment company looks to bolster its struggling share price and manage its substantial debt load of $39 billion. According to the Financial Times, Zaslav — who, as CEO, enjoyed a 27% increase in pay for 2023 and angered fans by canceling movies already in post-production — is eager to sell assets. A spin-off Warner Bros. studio and the Max streaming service into a new company is also being discussed. This company would be largel
Media company Comcast Corporation (NASDAQ:CMCSA) has another reason to celebrate with its Despicable Me franchise hitting the $5 billion milestone with the recent success of "Despicable Me 4" in movie theaters. Here's a look at the important milestone and how it stacks up to other movie franchises. What Happened: With the recent success of "Despicable Me 4," a new NBA rights package and the upcoming 2024 Summer Olympics, Comcast could have several reasons to smile. "Despicable Me 4" was the top-grossing movie for a second straight week, with an estimated $136 million at the box office in its second full weekend globally. The movie has now grossed $441 million globally in its first t
The 2024 Republican National Convention kicks off Monday and is expected to officially nominate former President Donald Trump as the party's 2024 presidential candidate. Here's a look at how security concerns have risen after an assassination attempt on Trump, the speakers scheduled for the RNC, and an update on Trump’s potential vice president pick. Republican National Convention: Held every four years, the Republican National Convention officially nominates the party's candidate and has been held by the GOP since 1856. The 2024 event runs from Monday, July 15 through Thursday, July 18 and is held in Milwaukee, Wisconsin. The event takes place at Fiserv Forum, the home of the NBA's
- Reuters
Fans, media companies, and movie theaters are eagerly anticipating several blockbuster releases in the second half of 2024. One of these movies is "Gladiator II," a long-awaited sequel to the 2000 award-winning film. Some are questioning if the movie is needed and whether it will be a box office hit. What Happened: A new trailer for ‘Gladiator II,’ set for release on Nov. 22, 2024, by Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA), has sparked mixed reactions among movie fans — some are excited, while others cringe at the idea of a sequel to the beloved film. The 2000 film starring Russell Crowe and Joaquin Phoenix won five Academy Awards, including Best Picture and Best Actor, and r
- Bloomberg
- CNBC Interview
https://variety.com/2024/tv/news/cbs-news-president-ingrid-ciprian-matthews-exit-paramount-cuts-1236064390/CBS News may be on the hunt for another newsroom honcho.Ingrid Ciprian-Matthews, a veteran journalism executive who was named president of the Paramount Global news unit just last August, told staffers Wednesday morning that she planned to cede her role, opting instead to serve as a senior advisor for coverage of the 2024 presidential election over the next several months before leaving the company.Shaking up the senior executive structure at a major news organization in the middle of an election year is highly unorthodox, but so too are the struggles of CBS News' parent corporation. Pa
Two iconic squares join forces to launch Krabby Patty Kollab Burger and Pineapple Under the Sea Frosty DUBLIN, Ohio, Oct. 2, 2024 /PRNewswire/ -- Ahoy! In celebration of the 25th anniversary of "SpongeBob SquarePants," Wendy's® and Paramount are partnering to launch Wendy's Krabby Patty Kollab,* which includes a Krabby Patty Kollab Burger and Pineapple Under the Sea Frosty®. Available nationwide in the U.S., Canada and Guam beginning Tuesday, October 8, the Krabby Patty Kollab menu items are worth the wait for both "SpongeBob SquarePants" fans and Wendy's customers alike. Fans
Over 100 Interpretations of the Bikini Bottom Favorite Come to Restaurant Menus for Limited Time Share it: @Nickelodeon @SpongeBob #KrabbyPattyKollab @offthemenu Click HERE the video. BURBANK, Calif., Oct. 2, 2024 /PRNewswire/ -- Nickelodeon and Paramount are continuing to celebrate the landmark 25th anniversary of SpongeBob SquarePants with "The Krabby Patty Kollab," a program that will bring food items inspired by the iconic Krabby Patty into the real world and onto menus for the first time ever. Beginning Tuesday, Oct. 8, select restaurants, chefs and celebrities, will use their culinary talents to give fans the opportunity to sample a variety of interpretations, including dumplings, fala
Retailer's fragrance authority and innovation highlighted in latest collaboration with Paramount Consumer Products for hit Netflix series COLUMBUS, Ohio, Sept. 30, 2024 /PRNewswire/ -- Today, Bath & Body Works (NYSE:BBWI), a global leader in personal care and home fragrance, announced its newest collaboration with Paramount Consumer Products for the hit Netflix series, Emily in Paris. Launching this holiday, the limited-edition collection embodies Parisian charm and trend-forward fragrances through Bath & Body Works' unparalleled fragrance expertise and innovative product storytelling. Emily in Paris is produced by MTV Entertainment Studios and created by Executive Producer Darren Star (Bev
Retailer's fragrance authority and innovation highlighted in latest collaboration with Paramount Consumer Products for hit Netflix series COLUMBUS, Ohio, Sept. 30, 2024 /CNW/ - Today, Bath & Body Works (NYSE: BBWI), a global leader in personal care and home fragrance, announced its newest collaboration with Paramount Consumer Products for the hit Netflix series, Emily in Paris. Launching this holiday, the limited-edition collection embodies Parisian charm and trend-forward fragrances through Bath & Body Works' unparalleled fragrance expertise and innovative product storytelling. Emily in Paris is produced by MTV Entertainment Studios and created by Executive Producer Darren Star (Beverly Hi
Hudson and Feimster to Star Alongside Returning Emmy Nominee Mckenna Grace TORONTO and HOLLYWOOD, Calif., Sept. 26, 2024 /PRNewswire/ - Spin Master Corp. (TSX:TOY) (www.spinmaster.com), a leading global children's entertainment company, announced today that the upcoming third installment of its blockbuster PAW Patrol film franchise will star Academy Award winner Jennifer Hudson and popular comedian Fortune Feimster, with the two newcomers to join Emmy nominee Mckenna Grace, who reprises her lead role as Skye. The film, which follows the recent ten-year anniversary of the global smash hit franchise, is produced by Spin Master Entertainment in association with Nickelodeon Movies and distribute
NEW YORK, Sept. 25, 2024 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA))) today announced that its Board of Directors has declared 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 January 2, 2025, to stockholders of record at the close of business on December 16, 2024. PARA-IR About Paramount Paramount Global (NASDAQ:PARA, PARAA))) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands,
LOS ANGELES, Sept. 25, 2024 (GLOBE NEWSWIRE) -- MGA Entertainment (MGA), a global leader in toys, collectibles and entertainment, announced today the launch of the Limited-Edition Bratz x Mean Girls Collector dolls, in collaboration with Paramount Consumer Products, a division of Paramount, whose Paramount Pictures produced the iconic 2004 film. The two pop culture powerhouses join lunch tables to celebrate the 20th anniversary of Mean Girls and bring The Plastics into plastic. The full lineup will be rolling out over the coming weeks, starting with the Cady Doll launching on Mean Girls Day on October 3, 2024. Over the years, Bratz has expanded its IP into beauty and fashion, allowing
POWAY, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Disguise, Inc., a world leader in costume design and manufacturing, has officially announced new rights to design, produce, market, and distribute costumes and accessories for Paramount Animation and Hasbro's latest film, TRANSFORMERS ONE, in North America, LATAM and in some channels in EMEA. This newest addition to the iconic TRANSFORMERS movie franchise, produced by Paramount Animation and Hasbro and released by Paramount Pictures on September 20, 2024, is set to bring fresh excitement to fans globally. TRANSFORMERS ONE is the untold origin story of OPTIMUS PRIME and MEGATRON, better known as sworn enemies, but once were friends bo
Andy & Evan, a renowned children's apparel brand, is delighted to announce a special partnership with Paramount Consumer Products to unveil an extraordinary collaboration featuring Nickelodeon's beloved character, SpongeBob SquarePants. The exclusive SpongeBob SquarePants x Andy & Evan collection is set to launch on September 26th, 2024, celebrating the series' 25th anniversary year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240923641087/en/(Photo: Business Wire) SpongeBob SquarePants, with his infectious positivity and adventurous spirit, has captured the hearts of audiences worldwide. This unique collaboration with Andy &
5th Annual National Black Voter Day Will Mobilize Black Voters Nationwide to Drive Unprecedented Turnout in the 2024 Election NEW YORK, Sept. 18, 2024 /PRNewswire/ -- BET Media Group ((a unit of Paramount, NASDAQ:PARAA, PARA)), the world's largest media company dedicated to empowering the Black community and championing Black culture, is proud to continue its commitment to mobilizing Black voters through comprehensive voter education initiatives, community engagement, and strategic partnerships, leading up to the 5th Annual National Black Voter Day on September 20, 2024. BET has partnered with the National Urban League, NAACP, and over 40 other civic engagement partners to amplify this nonpa
Hudson and Feimster to Star Alongside Returning Emmy Nominee Mckenna Grace TORONTO and HOLLYWOOD, Calif., Sept. 26, 2024 /PRNewswire/ - Spin Master Corp. (TSX:TOY) (www.spinmaster.com), a leading global children's entertainment company, announced today that the upcoming third installment of its blockbuster PAW Patrol film franchise will star Academy Award winner Jennifer Hudson and popular comedian Fortune Feimster, with the two newcomers to join Emmy nominee Mckenna Grace, who reprises her lead role as Skye. The film, which follows the recent ten-year anniversary of the global smash hit franchise, is produced by Spin Master Entertainment in association with Nickelodeon Movies and distribute
Presale Begins Wednesday, July 24; Select Markets on Sale Friday, August 2 Families Can Purchase Tickets Before the General Public By Signing up for "Tail Mail" LAS VEGAS, July 22, 2024 /PRNewswire/ - Nickelodeon and VStar Entertainment Group today announced the launch of PAW Patrol Live! "A Mighty Adventure," an all-new live stage show based on the top-rated animated preschool series PAW Patrol, which airs on Nickelodeon, streams on Paramount+ and is produced by Spin Master Entertainment. This exciting interactive show will tour the U.S. beginning October 2024 and picks up where Paramount Pictures' #1 box office hit PAW Patrol: The Mighty Movie left off, promising a high-stakes super-powe
Nick's 1,800 Square-Foot Booth Recreates Beloved "Help Wanted" Episode with Immersive Elements, including SpongeBob's Pineapple, The Krusty Krab and the Barg'N-Mart Nickelodeon and Paramount+'s Massive SpongeBob SquarePants' Takeover Extends to Streets of San Diego with 12-Foot-Tall "SpongeBob Fountain of Positivity" Water Station Located Steps Away from Convention Center; Hard Rock Hotel San Diego Exterior and Interior SpongeBob-Branded Installations Share it: @Nickelodeon @SpongeBob @ParamountPlus #SpongeBob25 #NickSDCC Click HERE for art. BURBANK, Calif., July 10, 2024 /PRNewswire/ -- Nickelodeon is commemorating 25 years of SpongeBob SquarePants with an immersive larger-than-life tribu
The All-New Tour from Nickelodeon, The Pinkfong Company, and VStar Entertainment Group Will Continue to Make Waves Across the U.S. Through 2024 LAS VEGAS, Feb. 12, 2024 /PRNewswire/ - Nickelodeon, The Pinkfong Company, and VStar Entertainment Group proudly debuted Baby Shark's Big Broadwave Tour! on Saturday, Feb. 3 in Sioux City, IA. Audience members were captivated by the live stage show's vibrant blend of stunning visual effects, catchy tunes, and the beloved characters from the hit animated series, Baby Shark's Big Show!, airing on Nickelodeon. From the moment Baby Shark and his undersea friends took to the stage to save the Party Puddle Theatre, joyous laughter and smiles filled the Orp
An Ice Cream Truck Favorite for Many, SpongeBob SquarePants Popsicles Can Now Be Found in Local Grocery Stores Nationwide Beginning January 2024 ENGLEWOOD CLIFFS, N.J., Jan. 4, 2024 /PRNewswire/ -- Today, Popsicle is debuting a brand-new look for its new SpongeBob SquarePants frozen confection bar, in celebration of everyone's favorite underwater pineapple-dwelling sponge. The new design is lovingly drawn sketch-style and inspired by the many faces of the iconic character through the years, from the mischievous DoodleBob to the famous Smiley Face SpongeBob. Each of these loveable faces were the muses for the newest treat hitting shelves.
Leading Companies Commit to Join 10-Year Initiative Seeking to Engage American Families with Financial Literacy Resources, Tools and Education Where They Live, Work, and Learn Financial Literacy for All (FL4A), a national initiative dedicated to embedding financial literacy into the nation's schools, workplaces, communities, and culture, today announced that McDonald's Corporation (NYSE:MCD) and Paramount Global (Nasdaq: PARA, PARAA) have joined a coalition of nearly 50 leading organizations that have committed to the movement. With these new additions, FL4A members now make up more than one-quarter of the companies that comprise the Dow Jones Industrial Average (DJIA) and have committed
First Lady of the United States Jill Biden Joins Philadelphia Event; Former First Lady of the United States Laura Bush Echoes Support in Video Address Announced at National Civics Day Event Hosted by Nickelodeon and ATTN:, Well Versed Explores U.S. Bill of Rights and Democracy Through Original Pop Songs Infused With Curriculum Guided by iCivics Well Versed Launches Wednesday, Nov. 1, Across Nickelodeon Platforms, Paramount+ and Noggin Share it: @Nickelodeon @ParamountPlus #WellVersed Click HERE for art. Click HERE and HERE for episodes. Click HERE for the series teaser. First Lady of the United States Jill Biden joined Nickelodeon and ATTN: today to unveil Well Versed, a brand-new a
Atlanta, Sept. 20, 2023 (GLOBE NEWSWIRE) -- After debuting in its famed role in "Transformers: Rise of the Beasts," the Autobot Mirage and the movie car, a 911 Carrera RS 3.8 (964), will join a cast of legendary cars on display at Rennsport Reunion 7. The Autobot, Mirage, takes the form of the classic Porsche as its car-form, joining the forces of the Transformers for the epic battle in the film. Fans will be able to get up close to the stars, alongside the 15 ft. Mirage, Optimus Prime and Optimus Primal, while also being able to attend a special screening of the film, an action spectacle that has captured the imagination of moviegoers around the world. "We are thrilled to bring the hero
NEW YORK, March 27, 2023 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA))) today announced the appointment of Kristin Southey as Executive Vice President, Investor Relations, effective immediately. Reporting to Chief Financial Officer Naveen Chopra, she succeeds Anthony DiClemente who will remain with the Company through mid-April to ensure a smooth transition. In her new role, Southey will lead the team responsible for cultivating relationships with the global investment community as well as act as a key member of Paramount's Finance Leadership Team. "Kristin is a talen
Jo Ann Ross Appointed to New Advisory Role as Chairman, Paramount Advertising John Halley Promoted to President, Paramount Advertising, Succeeding Ross to Lead National Sales Across the Company's Expansive Media Portfolio of Linear and Streaming Brands *Click here for assets NEW YORK, Sept. 13, 2022 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA))) today announced that Jo Ann Ross is being named Chairman, Paramount Advertising, following 30 remarkable years at the company. John Halley, who previously served as Executive Vice President and Chief Operating Officer, Advertising, will succeed Ross as President, Paramount Advertising, overseeing the company's domestic multiplatform sales ef
Wells Fargo upgraded Paramount Global from Underweight to Equal Weight and set a new price target of $11.00 from $10.00 previously
Wolfe Research downgraded Paramount Global from Peer Perform to Underperform and set a new price target of $10.00
Goldman initiated coverage of Paramount Global with a rating of Sell and set a new price target of $9.50
Wells Fargo downgraded Paramount Global from Equal Weight to Underweight and set a new price target of $9.00 from $14.00 previously
Argus downgraded Paramount Global from Hold to Sell
Seaport Research Partners downgraded Paramount Global from Buy to Neutral
Needham downgraded Paramount Global from Buy to Hold
Wolfe Research upgraded Paramount Global from Underperform to Peer Perform
Rosenblatt upgraded Paramount Global from Sell to Neutral and set a new price target of $13.00 from $9.00 previously
Redburn Atlantic downgraded Paramount Global from Neutral to Sell and set a new price target of $11.00 from $17.00 previously