PARAMOUNT GLOBAL Stock Price, News & Analysis

Paramount Global's Special Committee has announced the receipt of an acquisition proposal from Edgar Bronfman, Jr., representing a consortium of investors. This proposal qualifies the Bronfman Consortium as an 'Excluded Party' under the terms of the Skydance transaction agreement. As a result, the 'go shop' period for the Bronfman Consortium has been extended until September 5, 2024. The Special Committee contacted over 50 third parties during the go-shop period to gauge interest in acquiring Paramount. For other parties, the go-shop period expires at 11:59 p.m. Eastern Time today. Centerview Partners and Cravath, Swaine & Moore LLP are serving as financial advisor and legal counsel, respectively, to the Paramount Special Committee.

Michel Germain Parfums has partnered with Paramount Consumer Products to launch a prestige fragrance collection inspired by the hit series Emily in Paris. The collection, crafted by award-winning perfumer Michel Germain, aims to capture the essence of the show's protagonist and Parisian romance. Available fragrances include Emily in Paris, Emily in Paris Heartfelt, Emily in Paris Romantic, Emily in Paris Je T'aime, and Emily in Paris Pour Homme for men.

Michel Germain, known for creating fragrances out of love for his wife, ensures each scent embodies genuine romance. The collection is now available on MichelGermain.com, coinciding with the release of Emily in Paris Season 4 Part 1 on Netflix on August 15th. This collaboration leverages Paramount's diverse portfolio of consumer brands and aims to offer fans a tangible connection to the popular series.

Home Chef, a leading meal solutions company, has partnered with the popular animated series PAW Patrol for a four-week collaboration aimed at making family dinnertime more exciting. Starting August 12, 2024, customers can order PAW Patrol-themed recipes that will change weekly until September 13. Each Family Menu meal will come in a special interactive box inspired by the PAW Patroller truck and include a surprise PAW Patrol toy.

The menu features character-inspired dishes like Chase's Cheesy Turkey Quesadilla and Marshall's Fire Roasted Tomato Tortellini. Home Chef is also hosting a giveaway for a PAW Patrol playhouse, kids' dishware set, and a year's worth of meals. New customers can use the code 'RESCUEDINNER' to receive 18 free meals. This collaboration aims to make mealtime more convenient, approachable, and fun for families with young children.

Paramount's 6th annual Intern Community Day took place on July 24th, involving 178 interns and team captains in 10 volunteer events. The initiative, organized by Paramount's Social Impact and Emerging Talent teams, partnered with organizations like Story Pirates, JASA, The Bay Foundation, Good + Foundation, and Material for the Arts.

Activities included reading stories to young authors, engaging with seniors, restoring beaches, preparing donations for low-income families, and organizing art supplies. The event resulted in 163 volunteers contributing 305.5 hours, fostering community engagement and reinforcing Paramount's commitment to social impact.

Interns expressed positive experiences, highlighting the opportunity to give back while immersing themselves in Paramount's company culture. The success of Intern Community Day underscores Paramount's dedication to social responsibility and integrating these values into their workplace.

Paramount Global (NASDAQ: PARA, PARAA) has released its financial results for the second quarter ending June 30, 2024. The company will host a conference call at 4:30 p.m. (ET) to discuss the results, with a live audio webcast available on Paramount's Investors homepage. Interested parties can also join the call by dialing 833-470-1428 (domestic) or 929-526-1599 (international) using access code 898372.

An audio replay of the call will be accessible on August 9 in the Events & Webcasts section of Paramount's Investors website, and via phone at 866-813-9403 using access code 190402. The earnings release and related information will be available on the company's Investors homepage. Investors can subscribe to email alerts for automatic updates on Paramount's latest financial news.

NatureSweet, North America's largest vertically integrated controlled environment agricultural company, is launching Cherubs® To Go PAW Patrol® snack packs this August. These convenient 2.25oz containers feature NatureSweet's popular Cherubs® tomatoes with PAW Patrol® characters on the packaging, aimed at encouraging healthier snacking habits among children.

The initiative addresses the CDC's findings that many children aged 1-5 don't consume fruits and vegetables daily. Cherubs® To Go PAW Patrol offers a ready-to-eat, nutritious option for lunchboxes and backpacks. The snack packs come in a three-pack format and are available at major retailers like Walmart, Albertsons, and ShopRite. This collaboration aims to support parents in providing healthy, convenient snacks for their children during the busy school year.

Paramount+ has announced the premiere of DORA season two on September 13, 2024, exclusively on their streaming platform in select countries. The new season features 26 CG-animated episodes following Dora's adventures in a magical rainforest. Additionally, season one will debut on Nickelodeon and Nick Jr. channel starting September 16.

The series stars Diana Zermeño as Dora, with a talented voice cast including Dascha Polanco joining as a guest star. Created by Chris Gifford and Valerie Walsh Valdes, DORA continues the legacy of the globally popular Dora the Explorer franchise, which has been translated into 32 languages and viewed in over 150 countries since its launch in 2000.

Paramount Global (NASDAQ: PARA, PARAA) has announced 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. This announcement demonstrates Paramount's commitment to providing regular returns to its shareholders, despite challenging market conditions in the media and entertainment industry. The consistent dividend payout, albeit modest, may be seen as a signal of the company's financial stability and confidence in its future cash flows.

Nickelodeon and Spin Master are celebrating the Dog Days of Summer with a month of Rubble & Crew premieres starting August 5, 2024. The event includes a PAW Patrol crossover and a special episode featuring MLB superstar Aaron Judge on August 26. New episodes will air Monday through Thursday at 11 a.m. ET/PT on Nickelodeon and 5 p.m. ET/PT on the Nick Jr. channel.

The crossover event, 'The Crew and Skye Build a Mountain Lodge,' premieres on August 5. Season one of Rubble & Crew will be available to stream on Paramount+ starting September 4, 2024. The series, a spinoff of the popular PAW Patrol franchise, follows Rubble and his pup family as they tackle construction projects in Builder Cove.