Company Description
Paramount Global (PARAA) historically represented the Class A common stock of Paramount Global, a media, streaming and entertainment company in the information sector with a strong presence in television broadcasting. According to company disclosures, Paramount Global created premium content and experiences for audiences worldwide and traded on the Nasdaq Stock Market under the symbols PARA and PARAA.
Paramount described itself as a global media, streaming and entertainment company driven by iconic consumer brands. Its portfolio, as outlined in investor and news materials, included CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. Earlier descriptions also referenced Showtime Networks and Simon & Schuster as part of a broader portfolio of well-known brands. The company stated that it held one of the industry's most extensive libraries of television and film titles and supported partners with production, distribution and advertising capabilities.
Within television broadcasting, Paramount’s brands played distinct roles. CBS functioned as a major broadcast network, while cable and kids-focused networks such as Nickelodeon, MTV, Comedy Central and BET targeted specific audience segments. Streaming services including Paramount+ and Pluto TV extended the company’s reach into digital and on-demand viewing, with Pluto TV positioned as an ad-supported streaming television service and Paramount+ as a subscription streaming platform, as indicated by their inclusion in Paramount’s streaming and digital video portfolio.
Paramount’s kids and family business is prominently represented by Nickelodeon, which is described in multiple press releases as the number-one entertainment brand for kids. Nickelodeon’s activities span television programming and production in the United States and around the world, consumer products, digital offerings, location-based experiences, publishing and feature films. Nickelodeon’s programming slate, as reflected in recent announcements, includes acquired and co-produced series such as Modern Family on Nick at Nite, Unicorn Academy, Vida the Vet and the preschool series Tim Rex in Space, as well as long-running franchises like SpongeBob SquarePants.
Paramount’s library and franchises underpin partnerships and licensing arrangements. For example, Nickelodeon’s collaboration with a global fashion and lifestyle retailer on a SpongeBob SquarePants collection illustrates how Paramount’s characters and brands support consumer products and lifestyle collaborations. Campaigns such as the "Worthy" public service announcement with Plan International, featuring Dora and airing across Nickelodeon and MTV networks in many markets, show how Paramount’s content and channels are used in global awareness and education initiatives.
Paramount Global’s corporate structure underwent a major change in 2025. A Form 8-K filed on August 7, 2025, explains that, pursuant to a Transaction Agreement dated July 7, 2024, Paramount Global became a wholly owned, direct subsidiary of Paramount Skydance Corporation (formerly New Pluto Global, Inc.) following a series of merger steps involving Skydance Media, LLC and several merger subsidiaries. The filing states that, as a result of these transactions, Paramount and Skydance became wholly owned subsidiaries of Paramount Skydance Corporation.
Following completion of these transactions, the listing status of the PARAA and PARA shares changed. A Form 25 filed with the SEC on August 7, 2025, by Nasdaq Stock Market LLC, identifies Paramount Global as the issuer and specifies that its Class A and Class B common stock were removed from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934. Subsequently, a Form 15 filed on August 18, 2025, certifies the termination of registration of Paramount Global’s Class A and Class B common stock under Section 12(g) of the Exchange Act and the suspension of the duty to file reports under Sections 13 and 15(d). The Form 15 notes that, as of the certification date, there was approximately one holder of record, and that Paramount Global had become a wholly owned, direct subsidiary of Paramount Skydance Corporation.
For investors researching the historical PARAA ticker, it is important to recognize that this symbol now represents a former listing tied to Paramount Global prior to its acquisition and integration into Paramount Skydance Corporation. Paramount’s brands, content library and operations continue within the new ownership and capital structure described in the company’s SEC filings and transaction materials, while PARAA and PARA are no longer listed for trading on Nasdaq following the closing of the transactions.
Business focus and industry role
Within the information sector and television broadcasting industry, Paramount’s disclosures emphasize its role in creating and distributing premium content across broadcast, cable, streaming and digital platforms. The company highlights its extensive library of television and film titles as a core asset, supporting linear channels, on-demand services and licensing arrangements. Production and distribution capabilities are described as central to how Paramount works with partners across multiple continents, while advertising solutions support monetization across its networks and digital properties.
Nickelodeon’s repeated description as a global kids’ entertainment brand illustrates Paramount’s emphasis on building long-lived franchises and characters that can be expressed through programming, consumer products and experiences. Similarly, long-running series such as South Park on Comedy Central, which is covered by an extended overall deal between Paramount Global, Park County and South Park Digital Studios, demonstrate how Paramount invests in multi-year content relationships that span linear and streaming windows, including global rights for Paramount+.
Corporate transformation and ticker status
The 2025 merger transactions with Skydance Media, LLC are central to understanding the current status of the PARAA ticker. The July 25, 2025 joint press release and subsequent Form 8-K filings describe an anticipated closing date of August 7, 2025 and outline that, following the closing, shares of Class B common stock of Paramount Skydance Corporation are expected to trade on Nasdaq under the ticker symbol PSKY. The same disclosure states that shares of Paramount’s Class B common stock (PARA) and Class A common stock (PARAA) will no longer be listed for trading following the closing of the transactions.
Investors examining historical trading in PARAA should therefore treat it as a defunct listing that has been replaced in the public markets by securities of Paramount Skydance Corporation, as described in the registration statement on Form S-4 and related information statement referenced in the company’s filings. The Form 15 confirms that Paramount Global has terminated its registration obligations for the PARAA and PARA classes of common stock, while certain series of debt securities remain subject to guarantees by Paramount Skydance Corporation under Rule 12h-5.
Use of Paramount brands and partnerships
Paramount’s news releases illustrate how its brands are used across content, licensing and social impact initiatives. Nickelodeon’s Nick at Nite block adds established series such as Modern Family to a lineup that already includes Friends, Mike & Molly, Mom, Young Sheldon and The Neighborhood, reflecting a strategy of curating popular family comedies. Partnerships like the SpongeBob SquarePants collection with a global online retailer show how Paramount’s characters extend into apparel, accessories and home products. Campaigns with organizations such as Plan International leverage Dora and other characters to promote girls’ education, with content airing on Nickelodeon and MTV networks in many markets.
Deals such as the extended overall agreement with Park County and South Park Digital Studios, which covers new episodes and the library of South Park for Comedy Central and Paramount+ globally, highlight Paramount’s focus on securing long-term rights for key franchises and concentrating library availability on its own streaming platforms.
PARAA as a historical research symbol
Because PARAA is no longer listed, its primary value to investors and researchers lies in providing historical context on Paramount Global’s equity structure, governance and corporate evolution prior to the Skydance combination. SEC filings under the PARAA and PARA symbols, including Forms 10-K, 10-Q and 8-K, document Paramount’s operations, risk factors, capital structure and the steps leading to its merger into Paramount Skydance Corporation. The Form 25 and Form 15 filings formally mark the end of PARAA’s life as a Nasdaq-listed and Exchange Act-registered security.
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Short Interest History
Short interest in PARAMOUNT GLOBAL (PARAA) currently stands at 360.9 thousand shares, up 30.0% from the previous reporting period, representing 0.1% of the float. Over the past 12 months, short interest has increased by 24.9%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for PARAMOUNT GLOBAL (PARAA) currently stands at 4.9 days, down 72.2% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has decreased 73% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 4.9 to 19.5 days.