PARAMOUNT GLOBAL Stock Price, News & Analysis

Paramount Global (NASDAQ: PARA, PARAA) will announce its financial results for Q1 2022 on May 3, 2022, following a conference call at 8:30 a.m. ET. An audio webcast will be available on the company's Investor Relations page. Investors can access the call via phone using access codes provided in the release. Paramount, a leading global media company with brands like CBS, Showtime, and Paramount+, creates premium content and boasts a significant U.S. television audience share. More details will be accessible on their Investors homepage.

Paramount Global and RECUR have launched a platform, Paramount.xyz, featuring Star Trek™ NFTs, marking the first step in a long-term collaboration to immerse fans in the metaverse. The collectibles will be available from April 9, 2022, at a price of $250 per pack, with a limited issue of 20,000 NFTs. The sale will last only 24 hours, and unique starship designs will be revealed on April 8. Following this launch, Star Trek™ will pave the way for future collectibles from renowned franchises like Nickelodeon and Paramount Pictures.

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.

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.