PARAMOUNT GLOBAL Stock Price, News & Analysis

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.

Charter Communications (NASDAQ: CHTR) and Paramount Global (NASDAQ: PARA, PARAA) have announced that Paramount+ Essential, the ad-supported version of Paramount's streaming service, is now included at no extra cost in all Spectrum TV Select and Mi Plan Latino packages nationwide. This offering is part of a new multi-year distribution agreement between the companies.

Spectrum video customers can now access over 40,000 episodes of shows and movies, including popular original series and live sports on CBS. The service can be streamed through the Xumo Stream Box or any Paramount+ supported device. This partnership aims to provide greater value for Spectrum's video customers while creating new distribution opportunities for Paramount, contributing to a healthier video ecosystem.