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 |
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
NEW YORK, Nov. 8, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the third quarter ended September 30, 2024. Please visit the Paramount Investors homepage to view the press release. The company will conduct a conference call at 8:30 a.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 298878. Please call five minutes in advance to ensure that you are connected p
NEW YORK, Oct. 8, 2024 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA))) announced today that it will report third quarter financial results on Friday, November 8, 2024. 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 8. The conference call can also be accessed by dialing 833-470-1428 (domestic) or 929-526-1599 (international) using access code 298878. Please call five minutes in
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
On the 30th anniversary of "Star Trek: Generations", The Archive and William Shatner revisit Captain Kirk's final appearance on screen in a new 8-minute video produced for The Archive app on Apple Vision Pro: "765874: Unification", launched in tandem with new interactive sets and documentary interviews and behind the scenes content celebrating the legacy of the 1994 film. LOS ANGELES, Nov. 18, 2024 /PRNewswire/ -- OTOY, Inc is proud to release the next major update to The Archive, with '765874: Unification', a mind-bending Star Trek experience celebrating the 30th anniversary of Star Trek: Generations – William Shatner's last appearance as Captain Kirk on screen.
Fans can sign up to RSVP for the free, immersive activation to get hyped for the upcoming Paramount Pictures film Gladiator II, only in theatres everywhere on November 22. They'll be transported to "The Pepsi COLAsseum" at Regal Times Square and be the first to experience the movie in 4DX. PURCHASE, N.Y., Nov. 12, 2024 /PRNewswire/ -- On Tuesday, November 19, PEPSI® and Regal are bringing Gladiator II fans into the Roman Colosseum "hypogeum" ahead of the release of Paramount Pictures' Gladiator II, only in theatres Friday, November 22. Movie-going fans will have a once-in-a-l
MARANELLO, Italy and LONDON, Nov. 11, 2024 /PRNewswire/ -- Paramount Pictures is thrilled to team up with Scuderia Ferrari HP for an exclusive, one-of-a-kind collaboration celebrating the release of Gladiator II, the eagerly awaited sequel to the iconic 2000 film. This collaboration brings together two global brands in cinema and motorsports to honor a powerful story of ambition, resilience, and legacy. At the core of this partnership is a shared commitment to heritage and a relentless drive for progress, celebrating excellence while venturing into new and exciting realms. As
NEW YORK, Nov. 8, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the third quarter ended September 30, 2024. Please visit the Paramount Investors homepage to view the press release. The company will conduct a conference call at 8:30 a.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 298878. Please call five minutes in advance to ensure that you are connected p
SAN LEANDRO, Calif. , Nov. 01, 2024 (GLOBE NEWSWIRE) -- Ariat, the heritage western footwear and apparel brand, today announces a new collaboration with Paramount Consumer Products and Yellowstone, Paramount Network's hit series. Designed by Ariat and Yellowstone Costume Designer Johnetta Boone, the collection weaves Ariat's cowboy heritage and Boone's bold vision and authentic knowledge of the Yellowstone look, to tell a modern story of the authentic West. Pieces of the collection will appear in the continuation of Season 5, which returns November 10 on Paramount Network. The collection is available for purchase through Ariat.com, Amazon, and Ariat brand shops across the country. The lim
BRAND-NEW KIDS PICK THE PRESIDENT SPECIAL, HOSTED BY NATE BURLESON AND HIS DAUGHTER MIA, DEBUTS TONIGHT AT 8 P.M. (ET/PT) ON NICKELODEON PLATFORMS AND PARAMOUNT+ Share it: @Nickelodeon #KidsPickthePresidentClick HERE to download assets. HOLLYWOOD, Calif., Oct. 28, 2024 /PRNewswire/ -- The votes are in and kids have chosen Kamala Harris as the winner of Nickelodeon's Kids Pick the President "Kids' Vote" poll. Kamala Harris received 52% of the vote, followed by Donald Trump with 48%. More than 32,000 individuals cast their virtual ballot in the "Kids' Vote" poll from Oct. 3-23. The Kids Pick the President "Kids' Vote" is an informal non-scientific poll, meant for entertainment purposes only.
The styles honor the iconic Yellowstone Dutton Ranch and Beth and Rip's love story AUSTIN, Texas, Oct. 23, 2024 /PRNewswire/ -- Inspired by the excitement surrounding the return of the fifth season of Paramount Network's hit series Yellowstone, Yellow Rose by Kendra Scott announces the limited-edition Yellow Rose by Kendra Scott x Yellowstone Collection, made in collaboration with Paramount Consumer Products. As anticipation builds among over 12 million viewers, this collection invites fans to express themselves through keepsake jewelry for both men and women. Paying homage to the iconic Yellowstone Dutton Ranch and its characters, the styles celebrate the unforgettable love story of Beth an
Global campaign launches on International Day of the Girl Child to support girls' education and gender equality WASHINGTON, Oct. 11, 2024 /PRNewswire/ -- In celebration of International Day of the Girl Child (Oct. 11), Plan International has announced a partnership with Paramount to launch a new global campaign, featuring Nickelodeon's iconic Latina heroine Dora, to champion girls' access to education and gender equality. Kicking off today, the multiplatform initiative includes: The establishment of a new Dora Fund: Provides grants for youth-led organizations dedicated to girl
Chamère and Emily in Paris join forces this fall to bring a delightful mix of Parisian chic and playful charm to the US with the launch of their ready-to-drink Kir Royale can. Embrace the sophistication of Parisian style with a wink and elevate your moments with a taste of French elegance and fun. NEW YORK, Oct. 10, 2024 /PRNewswire/ -- This fall, the allure of Paris arrives stateside as Chamère, the ready-to-drink Kir Royale, officially launches in the US. Inspired by the iconic French cocktail celebrated by fans of Emily in Paris, which streams on Netflix, is produced by MTV Entertainment Studios and created by Executive Producer Darren Star (Beverly Hills 90210, Sex and the City, Younger)
NEW YORK, Oct. 8, 2024 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA))) announced today that it will report third quarter financial results on Friday, November 8, 2024. 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 8. The conference call can also be accessed by dialing 833-470-1428 (domestic) or 929-526-1599 (international) using access code 298878. Please call five minutes in
- 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
MARANELLO, Italy and LONDON, Nov. 11, 2024 /PRNewswire/ -- Paramount Pictures is thrilled to team up with Scuderia Ferrari HP for an exclusive, one-of-a-kind collaboration celebrating the release of Gladiator II, the eagerly awaited sequel to the iconic 2000 film. This collaboration brings together two global brands in cinema and motorsports to honor a powerful story of ambition, resilience, and legacy. At the core of this partnership is a shared commitment to heritage and a relentless drive for progress, celebrating excellence while venturing into new and exciting realms. As
Global campaign launches on International Day of the Girl Child to support girls' education and gender equality WASHINGTON, Oct. 11, 2024 /PRNewswire/ -- In celebration of International Day of the Girl Child (Oct. 11), Plan International has announced a partnership with Paramount to launch a new global campaign, featuring Nickelodeon's iconic Latina heroine Dora, to champion girls' access to education and gender equality. Kicking off today, the multiplatform initiative includes: The establishment of a new Dora Fund: Provides grants for youth-led organizations dedicated to girl
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