Welcome to our dedicated page for PARAMOUNT GLOBAL news (Ticker: PARA), a resource for investors and traders seeking the latest updates and insights on PARAMOUNT GLOBAL stock.
Paramount Global (NASDAQ: PARA, PARAA) is a media, streaming and entertainment company whose news flow reflects activity across its portfolio of well-known brands, including CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. News about Paramount often covers corporate developments, content deals, programming announcements and brand partnerships tied to its extensive library of TV and film titles.
Investors and followers of PARA can expect news items on quarterly earnings results and related conference calls, as shown by announcements of second quarter financial results and scheduled investor webcasts. These updates provide insight into how the company communicates its performance and outlook to the market.
Paramount-related news also highlights content and programming moves, such as Nickelodeon adding series like "Modern Family" to the Nick at Nite lineup, or airing animated series including "Unicorn Academy" and "Vida the Vet." Announcements about new preschool series like "Tim Rex in Space" demonstrate how Paramount uses its networks and co-production arrangements to bring new content to audiences in different markets.
Another recurring theme in news about Paramount is the use of its franchises and characters in collaborations and campaigns. Examples include PAW Patrol cupcake assortments developed through Paramount Consumer Products, SpongeBob SquarePants fashion and lifestyle collections, and global campaigns with Plan International featuring Dora to support girls' education. Corporate transaction updates, such as the planned closing of transactions with Skydance Media and the expected change of trading symbol to PSKY for New Paramount, also appear in the news stream.
By following PARA news, readers can track how Paramount deploys its brands, content library and distribution platforms across television, streaming, consumer products and social impact initiatives, as well as stay aware of major corporate and capital markets developments affecting the company.
Paramount Global (NASDAQ: PARA; PARAA) announced a quarterly cash dividend of $0.24 per share for its Class A and Class B Common Stock, payable on July 1, 2022. Stockholders must be on record by June 15, 2022. Additionally, the company declared a dividend of $1.4375 per share on its 5.75% Series A Mandatory Convertible Preferred Stock, also payable on July 1, 2022, with the same record date. Paramount continues to be a leading global media and entertainment company, delivering substantial content through various platforms.
Nickelodeon's Noggin platform launched Bubble Guppies: Dive into The Met, a new interactive game designed for children ages 2-7. This educational game allows kids to explore art from The Metropolitan Museum of Art, promoting creativity and critical thinking. The game aligns with Noggin's early learning framework, featuring art appreciation and decision-making skills. In addition, Noggin introduced new math and literacy content, expanding its library to over 400 educational resources aimed at building essential skills. This initiative enhances Noggin's offerings amid growing demand for interactive learning.
Paramount Global (NASDAQ: PARA, PARAA) announced the redemption of $1 billion in senior notes, comprising $275 million of 3.50% notes due January 15, 2025, and $695 million of 4.750% notes due May 15, 2025. The redemption dates are set for April 18, 2022, for the 3.50% notes, and April 11, 2022, for the 4.750% notes. The redemption price will include the principal amount, a calculated make-whole amount, and accrued interest up to the respective redemption dates. This strategic move reflects the company's commitment to optimizing its debt structure.
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On March 24, 2022, Paramount Global (NASDAQ: PARA; PARAA) announced a $1.0 billion offering of 6.375% fixed-to-fixed rate junior subordinated debentures due 2062, with pricing set at 100% of the principal amount. The offering is expected to close on March 29, 2022. The net proceeds will be used for general corporate purposes, including potential debt repayment. The Debentures are rated BB+ (stable) by S&P and Fitch, and Baa3 (stable) by Moody's. BofA Securities, Citigroup, Deutsche Bank, and J.P. Morgan are the joint structuring agents and book-running managers.
BET revives the nostalgic reality series COLLEGE HILL: CELEBRITY EDITION, featuring celebrities like Nene Leakes and Ray J as they pursue higher education at Texas Southern University. The show, set to premiere this summer, consists of eight episodes showcasing the unique experiences of celebrities navigating college life while working towards a specialty certificate program. Each cast member commits to overcoming personal challenges, highlighting the importance of education, especially within the HBCU community. The series aims to inspire viewers and raise awareness about HBCUs.
Paramount Global (NASDAQ: PARA; PARAA) announced that CFO Naveen Chopra will participate in a Q&A session at Deutsche Bank's Media, Internet, and Telecom Conference on March 15, 2022, at 10:00 a.m. ET in Palm Beach, FL. A live audio webcast will be available on Paramount's Investor Relations website, with a replay accessible soon after the presentation ends. Paramount Global is a leading media and entertainment company, known for its premium content, iconic brands, and extensive library of TV and film titles.
Paramount Global (NASDAQ: PARA; PARAA) has announced that CEO Bob Bakish will speak during a Q&A session at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 8, 2022, at 1:50 p.m. PT (4:50 p.m. ET). This event will be accessible via a live audio webcast on Paramount's Investor Relations homepage, with a replay available shortly after the session concludes. Paramount is a leading media and entertainment company known for its extensive portfolio, including CBS, Showtime Networks, Paramount Pictures, and Paramount+.
Playmates Toys and Paramount Consumer Products showcase new action figures from the Star Trek: Prodigy animated series. The initial toy line, set for release in October 2022 online and in stores by Spring 2023, includes characters like Dal R’El with Murf, Gwyndala, and Hologram Janeway. Each five-inch figure features 14 articulation points and a unique blister packaging. The series follows young aliens exploring Starfleet ideals, produced by Nickelodeon Animation Studio. The line aims to enhance imaginative play.