Paramount Global

Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through the following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films, as well as the company's digital streaming services, CBS All Access and CBSN. The Cable Networks segment includes Showtime Networks, CBS Sports Network, and Smithsonian Networks. The Publishing segment manages Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Local Media segment handles CBS Television Stations and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.

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Shares of Paramount Global PARA, +10.37% jumped 9.5% after hours on Thursday after the film, entertainment and streaming giant reported third-quarter results that beat expectations. The company reported adjusted earnings per share of 30 cents, down from 39 cents a year ago but above FactSet estimates for 11 cents.

Shares of Paramount Global jump after results beat expectations

Paramount Global beat Wall Street analysts' estimates in the third quarter, riding growth from Paramount+, which added 2.7 million subscribers in the quarter to hit 63 million globally. Total revenue came in at $7.13 billion, up 3% from the year-ago period, while adjusted earnings per share 21% to 36 cents.

Paramount+ Hits 63M Subscribers As Parent Company Overcomes TV Weakness To Top Q3 Estimates

Media company Paramount Global beat third-quarter revenue and profit estimates on Thursday and said costs at its streaming division have peaked, sending its shares surging 10% in extended trading.

Paramount says streaming costs have peaked, shares soar 10%

NEW YORK , Nov. 2, 2023 /PRNewswire/ -- Paramount Global ("Paramount," "we" or "our") (NASDAQ: PARA, PARAA) today announced that it will commence cash tender offers of up to $1 billion combined aggregate purchase price (the "Combined Tender Offer Cap") for: (1) any and all of its 4.750% Senior Notes due 2025 and 3.450% Senior Notes due 2026 (collectively, the "Any and All Securities") and (2) a combined aggregate purchase price of up to the Combined Tender Offer Cap less the aggregate purchase price of the Any and All Securities validly tendered and accepted for purchase (in each case, excluding accrued and unpaid interest to, but not including, the applicable settlement date and excluding related fees and expenses) (the "Maximum Offer Amount") of its 4.00% Senior Notes due 2026, 2.90% Senior Notes due 2027 and 3.375% Senior Notes due 2028 in the priorities set forth in the applicable table below (collectively, the "Maximum Offer Securities" and together with the Any and All Securities, the "Securities"). The offer to purchase the Any and All Securities is referred to as the "Any and All Offers," the offer to purchase the Maximum Offer Securities is referred to as the "Maximum Offer," and the Any and All Offers and Maximum Offer are referred to together as the "Offers.

Paramount Global Announces Cash Tender Offers for Up to $1 Billion Combined Aggregate Purchase Price of Certain Outstanding Debt Securities

Roku

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Warner Bros Discovery Inc

Wall Street celebrated Roku's third quarter-report, in which the company reported strong trends in content distribution and advertising.

Media stocks pop as Roku rally lifts the sector

Advertising inventory on Super Bowl LVIII next February, which will air across CBS and other Paramount Global platforms is “virtually sold out,” the company has confirmed. Ad space is virtually sold out, pacing ahead of schedule,” a Paramount spokeswoman confirmed to Deadline.

Paramount Says Super Bowl Ad Inventory Is “Virtually Sold Out, Pacing Ahead Of Schedule”

First Season of Annie Award-Winning Series, Produced in Association with Imagine Television, Available to Stream Now on Paramount+   Share it: @Nickelodeon @NickelodeonFamily #TheTinyChefShow   Click HERE for assets and HERE to embed a clip.   BURBANK, Calif.

NICKELODEON COOKS UP SECOND SEASON OF THE TINY CHEF SHOW WITH BRAND-NEW HOLIDAY-THEMED SPECIALS PREMIERING NOVEMBER AND DECEMBER

Paramount Global stock (NASDAQ: PARA) is expected to publish its Q3 2023 results on November 2, reporting on a quarter that is likely to see the company's revenues sho

Paramount Stock Is Down 70% Since 2021. Will A Q3 Earnings Surprise Drive A Recovery For The Stock?

Paramount has completed the $1.62 billion sale of book publisher Simon & Schuster to investment firm KKR, nearly a year after a richer sale to Penguin Random House ran aground over regulatory issues. The all-cash transaction, announced last August, makes Simon & Schuster a stand-alone private company and the only independent major trade publisher.

Paramount Closes $1.62B Sale Of Simon & Schuster To Investment Firm KKR

As streaming subscriptions add new tiers to reach consumers across income groups, Paramount+ is rolling out its Premium tier around the world. As Paramount ANZ, the media company's Australia and New Zealand branch, announced Tuesday (Oct.

Paramount+ Rolls Out Premium Internationally as Streaming Giants Add Tiers

Paramount Global controlling shareholder Shari Redstone is open to doing a transformative deal, but market conditions are making it very difficult.

Paramount's Shari Redstone is open for business, but business may not be open for her

NEW YORK , Oct. 19, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) announced today that it will conduct a conference call regarding the company's third quarter financial results at 4:30 p.m. (ET) on Thursday, November 2, 2023, following the release of its earnings materials.

Paramount Global Announces Time Change for Third Quarter Financial Results

Less competition among businesses is better for investors and worse for customers.

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The Alliance of Motion Picture and Television Producers said talks were suspended after the actor's union presented its most recent proposal.

Paramount, Warner Bros. Shares Fall With No End in Sight for Actors Strike

SAN JOSE, Calif.--(BUSINESS WIRE)--Today, Roku, the #1 TV streaming platform in the U.S.*, announced it has landed the exclusive, premiere U.S. rights to “The Spiderwick Chronicles,” the television adaptation of the globally-acclaimed book series of the same name by Tony DiTerlizzi and Holly Black. Produced by Paramount Television Studios & 20th Television, the eight-episode Roku Original series will debut on The Roku Channel in early 2024. The wildly popular fantasy adventure novels are #1.

Roku Originals Lands "The Spiderwick Chronicles,” Based on Best-Selling Book Series, From Paramount Television Studios & 20th Television

The Writers Guild of America has officially ratified its new three-year contract with Hollywood studios.

Hollywood writers ratify new contract with studios

Since their dividend cut in May 2023 and amid a mix of market pressures, Paramount shares have been on a steep decline. The company has highly valuable assets ranging from premium real estate to sought-after media IPs. Despite the potential negative impact of streaming on the company's finances, the remaining business segments are still highly profitable and are likely to continue producing returns.

Paramount Global: Real Value, Not A Trap

Paramount+ has set a UK boss for the first time. Chief Marketing Officer Anna Priest has been appointed Senior Vice President and Head of Paramount+ for the UK market, and she will oversee the streamer's “strategic vision” in the nation and identify growth opportunities.

Paramount+ Sets First UK Boss

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.

Paramount Global to Report Third Quarter Financial Results on November 2, 2023

Late night hosts return to TV on Monday, as striking Hollywood actors resume talks with major studios.

Late night shows return as actors restart negotiations with Hollywood studios

TORONTO , Oct. 2, 2023 /PRNewswire/ - Spin Master Corp. (TSX: TOY); www.spinmaster.com), a leading global children's entertainment company, announced today it has been awarded the global toy license for Paramount+ original Dora, an upcoming all-new preschool series that marks the return of the groundbreaking Latina heroine and the newest property in Nickelodeon's award-winning Dora the Explorer franchise. Spin Master's diverse toy collection, expected to launch in Fall 2024, will include figures, dolls, playsets, vehicles, plush, roleplay, games and puzzles, inspired by Dora, her companion Boots and other beloved characters and locales they explore.

Spin Master Inks Global Toy Agreement with Paramount Consumer Products for Dora, An Upcoming, All-New Animated Paramount+ Original Preschool Series in Award-Winning Dora the Explorer Franchise

Paramount has made it a strategic priority to improve its DTC segment economics significantly by next year. This includes increasing Paramount+ ARPU by 20%, while also penetrating further in growing opportunities in digital advertising and improving operating leverage by leaning-in on existing assets. However, management's ambitions have not sufficiently de-risked for rapidly evolving competitive dynamics and company-specific weaknesses in its DTC foray, in our opinion.

Paramount: It's Not Quite Showtime Yet

Paramount Global (NASDAQ:PARA) and Warner Bros Discovery Inc (NASDAQ:WBD) shares both finished higher Wednesday after the 148-day Writers Guild of America (WGA) strike officially ended at 12:01 AM Pacific Daylight Time.  The WGA and the AMPTP, which represents Hollywood's studios and streamers, reached a tentative agreement for a new three-year contract for film and television writers, ending the second-longest labor action in the guild's history that began on May 2.

Paramount and Warner Bros stock rises as writers' strike ends

TORONTO and HOLLYWOOD, Calif. , Sept. 26, 2023 /PRNewswire/ - Spin Master Corp. (TSX: TOY) (www.spinmaster.com), a leading global children's entertainment company, announced today that it will produce a third feature film for its preschool powerhouse franchise PAW Patrol.

News for Paramount Global Stock (PARAA)