Welcome to our dedicated page for PARAMOUNT GLOBAL news (Ticker: PARAA), a resource for investors and traders seeking the latest updates and insights on PARAMOUNT GLOBAL stock.
The PARAA news page on Stock Titan provides an archive of news and press releases related to Paramount Global and its Class A common stock prior to the company’s combination with Skydance Media and subsequent delisting. Paramount described itself as a global media, streaming and entertainment company with a portfolio that includes CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV, and this news flow reflects activity across those brands.
Coverage includes corporate announcements such as quarterly earnings releases, where Paramount Global reports financial results and hosts investor webcasts, as well as transaction-related updates tied to the merger with Skydance Media and the creation of Paramount Skydance Corporation. These items explain key dates, election deadlines for stockholders, and the expected transition of public trading to the PSKY ticker while PARAA and PARA cease to be listed on Nasdaq.
Brand and content news is also prominent. Nickelodeon press releases highlight programming moves like adding the Emmy Award-winning series Modern Family to the Nick at Nite lineup, airing animated series Unicorn Academy and Vida the Vet, and launching the preschool series Tim Rex in Space in partnership with Channel 5’s Milkshake!. Other items describe collaborations such as a SpongeBob SquarePants fashion collection and the "Worthy" public service campaign with Plan International, featuring Dora and airing across Nickelodeon and MTV networks in many markets.
For researchers and investors, this page serves as a historical record of how Paramount used its broadcast networks, cable channels and streaming platforms, and how the company communicated major strategic steps leading to its integration into Paramount Skydance Corporation. Users can review these archived updates to understand the evolution of the business and the events surrounding the end of PARAA as a standalone Nasdaq-listed security.
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.
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+.
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