About the Company
Paramount Global (doing business as Paramount, formerly ViacomCBS) is an American multinational mass media and entertainment conglomerate controlled by National Amusements and headquartered at One Astor Plaza in Midtown Manhattan in New York City. The company was formed on December 4, 2019, as ViacomCBS Inc. through the merger of the second incarnations of CBS Corporation and Viacom (which were split from the original Viacom on December 31, 2005). The company took its current name on February 16, 2022, the day after its Q4 earnings presentation.Paramount's main properties include the namesake Paramount Pictures film and television studio, the CBS Entertainment Group (consisting of the CBS television network, television stations, BET Networks, (who owns the BET and VH1 channels, among others), and other CBS-branded assets), media networks (consisting of U.S.-based cable television networks including MTV, Nickelodeon, Comedy Central, CMT, Paramount Network, and Showtime) and the company's streaming services (including Paramount+ and Pluto TV). It also has an international division that manages international versions of its pay TV networks, as well as region-specific assets including Argentina's Telefe, Chile's Chilevisión, India's Colors, the United Kingdom's Channel 5, and Australia's Network 10. Between 2011 and 2023, the division also owned a 30% stake in the Rainbow S.p.A. studio.As of 2019, the company operates over 170 networks and reaches approximately 700 million subscribers in 180 countries.
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Latest $VIACA News
Archegos-ViacomCBS Suit Is a Dumb Money Reminder
If another stock had kicked off the Archegos collapse before banks had sold the ViacomCBS stock they had committed to buy in ...
ViacomCBS Forecasts 70 Million Streaming Subscribers, $7 Billion Revenue by 2024
ViacomCBS Inc, an American diversified multinational mass media conglomerate, forecasts global streaming subscribers to reach 70 million with revenue of over $7 billion by 2024; however ...
ViacomCBS Controlling Holder Restructures Credit Facility With Wells Fargo
Shares of ViacomCBS (VIACA) fell on Thursday, even as National Amusements Inc., the media titan's controlling shareholder, said it had forged an agreement with Wells Fargo to restructure its ...
ViacomCBS Set to Enter Streaming Wars
ViacomCBS Inc. (VIAC) is trading higher on Thursday after a tier one analyst upgrade. The company, formed by the 2019 merger of Viacom and CBS, has been a solid performer since October ...
Goldman, Morgan Stanley must face investors' lawsuit over Archegos collapse
A New York state appeals court said former ViacomCBS investors may sue Goldman Sachs , Morgan Stanley and other banks that ...
Paramount Global Class B: Sell Rating Maintained Amid Transaction Concerns and Shareholder Value Skepticism
Begin your TipRanks Premium journey today. Paramount Global Class B (PARA) Company Description: ViacomCBS Inc. is a diversified multinational mass media conglomerate. The company owns and operates ...
What Would A Warner Bros. & Paramount Merger Actually Mean For Hollywood (& For You)?
In 2019, CBS Corporation and Viacom merged to become ViacomCBS Inc. (officially known as Paramount Global as of 2022), and in ...
From Merging Viacom and CBS to Fighting Anti-Semitism: Shari Redstone's Influence and Net Worth
In her role as the Non-Executive Chairman of the Board at ViacomCBS Inc, Shari Redstone receives a total annual compensation of $456,130. This compensation represents her earnings as a board ...
ViacomCBS teams up with 'Parasite' distributor to make Paramount+ Asia debut
(Reuters) -ViacomCBS Inc and Seoul-based CJ ENM, the distributor of Oscar winning movie "Parasite", have signed a content partnership agreement, the companies said on Tuesday, marking the Asia ...
Cisco, Tariffs Delay, Weak China Data, ViacomCBS, Apple - 5 Things You Must Know
Learn more now. The two media giants, which had been part of one company run by media mogul Sumner Redstone until 2006, will recombine as a new entity known as "ViacomCBS Inc." Viacom President ...
Maintaining Sell Rating on Paramount Global Class B Amid Weak Advertising Trends and Debt Downgrade Concerns
Bank of America Securities analyst Jessica Reif Ehrlich has reiterated their bearish stance on PARA stock, giving a Sell rating on March 21.
Paramount Plus: The Price, The Plans And Other Things To Know About The Streaming Service
In March 2021, CBS All Access was rebranded and became Paramount+, a vast and versatile streaming service from ViacomCBS that boasts tens of thousands of episodes of new and classic TV shows ...
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