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.
PMI Kids World is launching Booksy, a new patented collectible toy line that combines toys with tiny books, aimed at fostering a love for reading and play. The line will debut in October 2024 with PMI's original Monster Tales on Amazon, followed by licensed versions featuring characters from PAW Patrol and Tales of the Teenage Mutant Ninja Turtles at Walmart in November.
Booksy toys are designed for children aged 3-8 and include collectible figures with miniature books inside. The Monster Tales collection will offer a Six Pack and a Bookshelf Collector Set on Amazon. Licensed versions will feature 12 popular characters from PAW Patrol and TMNT, available exclusively at 3,000 Walmart stores in the USA.
The global release is set for Fall 2024, with distribution in key markets including the UK, France, Middle East, and Canada. This innovative product line represents PMI's own intellectual property, developed in-house and patented.
Nickelodeon is set to debut two brand-new elements at the 98th Macy's Thanksgiving Day Parade® on November 28, 2024. The additions include a balloon featuring Marshall, the firefighter dalmatian from PAW Patrol, and DORA's Fantastical Rainforest, a float and balloon hybrid showcasing Dora and her friends. These new entries join Nickelodeon's existing parade participants: the SpongeBob SquarePants balloon and the Teenage Mutant Ninja Turtles float.
The SpongeBob balloon will be accompanied by a new electric-powered 'Garriage' drawn by Gary the snail, celebrating the show's 25th anniversary. The Ninja Turtles float is inspired by the new series 'Tales of the Teenage Mutant Ninja Turtles' on Paramount+. The parade will air on NBC and stream on Peacock on Thanksgiving Day.
Paramount celebrated its 28th annual Community Day on June 12, 2024, marking the company's most impactful global outreach effort to date. Employees dedicated an impressive 20,000 hours of volunteer service across nearly 200 community projects, serving over 160 organizations in 46 global markets. Notable achievements include:
- Removal of over half a million pounds of trash and invasive plants
- Preparation and service of 72,000 meals
- Assembly of 7,200 mental health and education kits
- Planting of over 1,000 trees
Crystal Barnes, EVP of corporate social responsibility and ESG, emphasized the significance of Community Day as a cherished initiative for Paramount employees, highlighting its role in fostering team unity and community support.
HBCU Buzz, BET, Live Nation Urban, and When We All Vote have launched the Vote Loud: HBCU Voter Registration Challenge to encourage voter participation among HBCU students and community members for the 2024 election. The challenge, running from September 5 to October 5, 2024, aims to empower young Black voters and increase civic engagement.
Participants can win prizes for their school community by registering to vote and promoting voter registration. The initiative highlights the importance of Black voters, who represent 14% of all eligible voters in the United States. The challenge emphasizes the impact of down-ballot races and ballot initiatives on issues such as the economy and cost of living.
PARA partners HBCU Buzz, BET, Live Nation Urban and When We All Vote to launch Vote Loud: HBCU Voter Registration Challenge, a nonpartisan campaign running from September 5, 2024 to October 5, 2024. The challenge invites HBCU students, alumni, professors and community members to register voters and earn points for their school to win special prizes and performances to be announced.
The initiative emphasizes the voting power of Black Americans—more than 34 million eligible voters—and seeks to boost turnout on issues affecting young Black voters, including the economy and cost of living.
Pepsi launches a massive campaign called 'Make Your Gameday Epic™' to celebrate the 2024 NFL season and promote Paramount Pictures' upcoming 'Gladiator II' film. The campaign features Megan Thee Stallion as 'Empress Megan' leading NFL stars Josh Allen, Derrick Henry, Justin Jefferson, and Travis Kelce in a Gladiator-themed short film. Megan also recorded a new version of Queen's 'We Will Rock You' for the campaign.
The campaign includes a portrait generator tool, -edition AR-enabled cans, retail displays, and a Fandango movie ticket offer. Pepsi collaborated with Ridley Scott Associates and Paramount Brand Studio for this campaign, which will be prominently featured during the 2024 MTV VMAs hosted by Megan Thee Stallion.
Paramount Global (NASDAQ: PARA) is partnering with Pepsi on a Gladiator II–inspired campaign titled "Make Your Gameday Epic™" to kick off the 2024 NFL season. The multi‑platform promotion features Megan Thee Stallion, NFL stars Josh Allen, Derrick Henry, Justin Jefferson and Travis Kelce, a new version of "We Will Rock You," limited augmented‑reality collector cans, a selfie "My Roman Empire" generator, retail displays in English and Spanish, and a Fandango movie reward offer running 10/6/24–12/6/24.
The campaign leverages Paramount Pictures, CBS Sports and Paramount Global networks and ties marketing to Gladiator II (theatrical release Nov 22, 2024) and the 2024 MTV VMAs on Sept 11.
Nickelodeon has announced the addition of Modern Family to its Nick at Nite programming lineup starting Monday, Sept. 9. All 11 seasons of the 22-time Emmy® Award-winning comedy series will air daily from 2-4 a.m. (ET/PT). This marks the first time Modern Family will air within Paramount's family of brands. The show joins other popular comedies in Nick at Nite's roster, including Friends, Mike & Molly, Mom, Young Sheldon, and The Neighborhood.
Rachel Crain, SVP of Programming & Content Strategy at Nickelodeon Networks, expressed excitement about adding the critically acclaimed sitcom to their nightly lineup. The licensing agreement with Disney Entertainment was negotiated by Barbara Zaneri, Chief Programming Acquisitions Officer for Paramount Global.
Comic Relief US and Nickelodeon are launching the 2nd annual Kids Relief campaign, 'Game to Change the World,' from Aug. 27 to Sept. 20. The campaign features:
1. A Roblox game called Kids Relief Simulator with celebrity guests.
2. A Roblox scavenger hunt in partnership with games like SpongeBob Simulator and Teenage Mutant Ninja Turtles Battle Tycoon.
3. Real-world community service activities guided by Nickelodeon Our World.
4. A star-studded Roblox music festival featuring artists like Imagine Dragons and Conan Gray.
The campaign aims to empower kids to become changemakers, raising funds for programs supporting youth empowerment, education, and economic growth opportunities.
Paramount Global's Special Committee announced the end of the 'Go-Shop' process as Edgar Bronfman Jr.'s consortium withdrew their acquisition proposal. The committee contacted over 50 third parties during this period to explore potential acquisition offers. Charles E. Phillips, Jr., Chair of the Special Committee, reaffirmed their belief that the agreed transaction with Skydance Media offers immediate value and potential for continued growth in a rapidly evolving industry.
The Skydance transaction is expected to close in the first half of 2025, subject to regulatory approvals and other conditions. Paramount will file a registration statement on Form S-4 with the SEC, including an information statement/prospectus, regarding the proposed transactions involving Paramount, Skydance, and NAI.
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