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 |
---|---|---|---|
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 |
1/9/2024 | $13.00 | Sell → Neutral | MoffettNathanson |
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
A leading analyst sizes up the impact on the future growth of Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) after the media company announced a merger with Skydance. The Paramount Analyst: Benchmark analyst Daniel Kurnos has a Buy rating on Paramount and a $19 price target. The Analyst Takeaways: The merger between Paramount and Skydance ends months of speculation of who would acquire the media company, Kurnos said in a new investor note. "We finally have an official announcement on the board for Paramount that should, hopefully, bring about a close to this real-life drama," Kurnos said. The analyst said that a 45-day go-shop window could see other bidders on Paramount. "This
Mass media and entertainment conglomerate Paramount Global (NASDAQ:PARA) shares are trading higher today. Skydance Media CEO David Ellison outlined a transformative vision for Paramount, positioning the company as a technology-media hybrid amid rising competition from tech giants entering the entertainment sector. In an hour-long presentation to investors following the announcement of a merger agreement with Paramount, Ellison cited Steve Jobs as a mentor who shaped his perspective on integrating art and technology. “The art challenges the technology and the technology challenges the art,” Ellison said, reflecting Jobs' influence, reported Reuters. The merger aims to adapt Param
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
Following its hugely successful launch in the UK last summer, the NickWatch makes its American debut during the Nickelodeon Kids' Choice Awards this Saturday, July 13 Safety and fun come together with this innovative device, which includes an array of games and experiences from hit franchises like SpongeBob SquarePants and Teenage Mutant Ninja Turtles, along with renowned safety features for caregivers, such as live GPS tracking. LOS ANGELES, July 12, 2024 /PRNewswire/ - NickWatch, the smartwatch with renowned safety features for children and made by Watchinu under license agreement with Nickelodeon, is making its way to the US this summer. After gaining wide popularity across the UK last
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
NEW YORK, July 7, 2024 /PRNewswire/ -- The Special Committee of the Board of Directors (the "Special Committee") of Paramount Global (NASDAQ:PARA, PARAA))) ("Paramount" or "the Company") today confirmed that it has unanimously approved a merger agreement between Paramount and Skydance Media, LLC ("Skydance"). The Special Committee was formed on January 2, 2024, at the request of Paramount's controlling stockholder, National Amusements, Inc. ("NAI"), to evaluate potential transactions involving both NAI and Paramount as NAI considered its options relating to its investment in Paramount. The Special Committee retained independent financial and legal advisors, Centerview Partners LLC and Crava
Ellison Family and RedBird Capital Partners to Invest Over $8 Billion in New Paramount and to Acquire National Amusements, Inc. Paramount Class A Stockholders to Receive $23 Per Share in Cash/Stock Election, Class B Stockholders to Receive $15 Per Share in Cash/Stock Election; Cash Consideration Available to Public Shareholders Totals $4.5 Billion Next generation leadership team to take helm, led by David Ellison as Chairman and Chief Executive Officer, and Jeff Shell as President; Skydance plans to enhance and reinvigorate marquee Paramount and CBS brands New Paramount will be a creative-driven destination for storytellers dedicated to delivering top-quality content
Play.Works expands its CTV game line-up with the fun-filled adventure of "SpongeBob Bounce" LONDON, June 26, 2024 /PRNewswire/ -- Play.Works, a leader in Connected TV (CTV) games and video content, proudly announces the launch of "SpongeBob Bounce". Available now on Roku and coming soon to leading CTV platforms worldwide, SpongeBob Bounce was developed by Play.Works under license from Paramount Game Studios, and features the beloved Nickelodeon character SpongeBob SquarePants in a free, fun game optimized for the TV screen. "SpongeBob Bounce" is a playful, family-friendly game
NEW YORK, June 24, 2024 /PRNewswire/ -- Paramount Global and The Described and Captioned Media Program (DCMP) today announced an unprecedented partnership that ensures hundreds of hours of Nickelodeon's hit animated and live-action series will be accessible to families with young viewers and students with disabilities. The multi-year agreement commences with several Nickelodeon series, including Bossy Bear, Tiny Chef Show, Blues Clues & You! and Santiago of the Seas and will include distribution via DCMP's free streaming services for families and schools. Additional Nickelodeon series will be made available on DCMP's services on a rolling basis through 2029.
Jack Black, Timothée Chalamet, Caitlin Clark, Travis Kelce, Ryan Gosling, Patrick Mahomes, Post Malone, Reneé Rapp, Sha'Carri Richardson, Margot Robbie, Olivia Rodrigo, Ryan Reynolds, Paul Rudd, Zoe Saldana, Taylor Swift, Justin Timberlake, Zendaya and More Nominated for a Coveted Orange Blimp! SpongeBob SquarePants and Patrick Star to Host Live from Bikini Bottom on Saturday, July 13, at 8 p.m. (ET/PT) Share it: @Nickelodeon @KidsChoiceAwards #KCAClick HERE to download assets. HOLLYWOOD, Calif., June 4, 2024 /PRNewswire/ -- Nickelodeon revealed the nominees for its annual slime-filled Kids' Choice Awards, with over 50 first-time nominees from across the worlds of film, television, music, sp
Plus North America Multi-Contract Deals for All-New Costumes and Accessories Featuring Some of Paramount Global's Biggest Properties Including Dora, SpongeBob SquarePants, Star Trek, and Yellowstone Jazwares, one of the world's leading toy companies, and Paramount Global, a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide, today announced that they have inked multi-contract deals to release a robust slate of top-of-the-line toys, costumes, and accessories based on some of the entertainment giant's most iconic properties. This press release features multimedia. View the full release here: https://www.businesswir
Ad-Supported Paramount+ Essential and BET+ Essential will be Included in Spectrum Video Packages at No Additional Cost to Customers Charter to Make Paramount's Direct-to-Consumer Products Available for Purchase by its Internet-Only Customers NEW YORK and STAMFORD, Conn., May 23, 2024 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA))) and Charter Communications, Inc. (NASDAQ:CHTR) today announced they will extend their long-standing partnership with a multi-year distribution agreement for Paramount's full portfolio of linear cable networks, CBS-owned-and-operated broadcast stations and direct-to-consumer streaming services that generates greater value for consumers while creating new di
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
MoffettNathanson upgraded Paramount Global from Sell to Neutral and set a new price target of $13.00
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
*Click here for image assets NEW YORK, July 29, 2022 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA))) today announced that Pamela Kaufman, President of Global Consumer Products and Experiences for Paramount, has been appointed President and CEO of International Markets, Global Consumer Products & Experiences, effective immediately. This newly created position reports to Bob Bakish, President and CEO of Paramount, and reflects Paramount's ongoing strategy of globalizing its operations. Raffaele Annecchino has decided to leave the company in his role as President and CEO of Paramount International Networks, Studios and Streaming.
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
PFL Forms Global Powerhouse Poised to be MMA Co-Leader PFL + Bellator Combined Fighter Roster Equal to UFC – Both Rosters 30% Top 25 World-Ranked PFL to Launch Reimagined Bellator in 2024 with Bellator International Champions Series PFL Champions vs. Bellator Champions in Landmark MMA Mega-Event to be Staged in 2024 NEW YORK, Nov. 20, 2023 /PRNewswire/ -- Professional Fighters League (PFL) announced it has completed the acquisition of Bellator from Paramount Global (NASDAQ:PARA), creating a global powerhouse in mixed-martial arts (MMA) and accelerating the combined company to become the industry co-leader.
NEW YORK, Oct. 12, 2023 /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, 2024, to stockholders of record at the close of business on December 15, 2023. 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 January 2, 2024, to stockholders of re
NEW YORK, Oct. 2, 2023 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA))) announced today that it will report third quarter financial results on Thursday, November 2, 2023. The company will conduct a conference call at 8:30 a.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 8:30 a.m. (ET) on November 2. The conference call can also be accessed by dialing 833-470-1428 (domestic) or 929-526-1599 (international) using access code 079933. Please call five minutes