PARAMOUNT GLOBAL Stock Price, News & Analysis

Paramount Global (NASDAQ: PARA, PARAA) announced the appointment of Kristin Southey as Executive Vice President of Investor Relations, effective immediately. She succeeds Anthony DiClemente, who will assist during the transition until mid-April. Southey brings extensive experience from roles at Activision Blizzard, Athene Holding, and Snap, Inc., aiming to enhance communication with the investment community. CFO Naveen Chopra expressed confidence in Southey’s ability to convey Paramount's multiplatform strategy. DiClemente has significantly contributed to the company’s investor relations since the CBS-Viacom merger.

Paramount Global (NASDAQ: PARA, PARAA) has appointed Kristin Southey as the new Executive Vice President of Investor Relations, effective immediately. She succeeds Anthony DiClemente, who will facilitate a smooth transition until mid-April. Southey brings extensive experience, having previously held key roles in investor relations at companies such as Activision Blizzard and Snap, Inc.. In her new position, she will lead efforts to engage the global investment community and support the company's financial leadership. CFO Naveen Chopra praised her track record, underlining the importance of effective communication regarding Paramount's growth strategy.

Nickelodeon Studios and Paramount+ have announced the greenlight for Good Burger 2, a sequel to the beloved '90s film. Original stars Kenan Thompson and Kel Mitchell will reprise their roles as Dex and Ed. Production is set to begin in May, with the premiere scheduled for later this year on Paramount+. The film follows Dex's return to Good Burger after a failed invention, and he risks the fate of the restaurant while attempting to regain his footing. The script is written by Kevin Kopelow and Heath Seifert, who also served as executive producers.

On March 17, 2023, Paramount Global (NASDAQ: PARA, PARAA) filed its proxy statement and announced a significant change to its Board of Directors. Dawn Ostroff, a seasoned executive with a strong background in media and entertainment, has been nominated for election as an independent, non-executive director at the upcoming Annual Meeting on May 8, 2023. Her experience includes leadership roles at Spotify and Condé Nast Entertainment. Additionally, Candace Beinecke and Ronald Nelson will not seek re-election. The Board will consist of eleven members, eight of whom will be independent directors after the meeting.

Paramount Global (NASDAQ: PARA, PARAA) has announced changes to its Board of Directors, including the addition of Dawn Ostroff as a non-executive director, pending stockholder approval at the Annual Meeting on May 8, 2023. Ostroff, previously at Spotify, brings extensive experience in content and advertising. Concurrently, Candace Beinecke and Ronald Nelson will not seek re-election, having served since 2018 and 2016 respectively. The Board will consist of 11 members, with 8 independent directors after the stockholder vote. This strategic shift aims to enhance Paramount's content strategy and drive future growth.

Nickelodeon has welcomed twelve new participants to its annual Writing and Artist Programs, designed to nurture creative voices from underrepresented communities. This year's programs are conducted in-person at the Nickelodeon Animation Studio in Burbank for the first time since 2020. The Writing Program, now in its 23rd year, and the Artist Program, celebrating its 12th year, are aligned with Paramount's Content for Change initiative. These initiatives support aspiring writers and artists by providing mentorship and hands-on experience in the creative industry, enhancing diversity and inclusion within Paramount's content production.

Paramount Pictures has formed a Green Team comprising 30 members from various divisions to advance sustainability goals through education, facility enhancements, and responsible production. The team recently conducted an E-waste drive in January, partnering with Homeboy Industries to collect and dispose of electronic waste. A total of over 2,300 pounds of e-waste was responsibly managed, highlighting the studio's commitment to diverting waste from landfills and promoting recycling. This initiative marks a continued effort, with drives held annually to manage e-waste effectively.

Paramount Global launched its first global e-commerce site, ParamountShop.com, on March 15, 2023. This platform features over 7,000 items representing more than 125 brands including CBS, MTV, and Nickelodeon. Paramount Shop aims to enhance customer engagement by offering a seamless shopping experience with a variety of products across categories like apparel, collectibles, and toys. The site supports worldwide shipping and will introduce localized experiences in the US, Canada, UK, and Germany. As Paramount expands its online presence, the platform is designed to reflect the company's popular content and culture-defining brands.