Paramount Global facts for kids
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Paramount headquarters at One Astor Plaza in Midtown Manhattan, New York City
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Trade name
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Paramount |
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Formerly
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ViacomCBS Inc. (2019–2022) |
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| ISIN | ISIN: [https://isin.toolforge.org/?language=en&isin=US92556H2067 US92556H2067] |
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| Founded | December 4, 2019 |
| Headquarters | One Astor Plaza New York, NY 10036 U.S. |
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Area served
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Worldwide |
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Key people
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| Revenue |  US$29.65 billion (2023) |
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Operating income
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US$−451 million (2023) |
| US$−608 million (2023) |
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| Total assets | US$53.54 billion (2023) |
| Total equity | US$22.53 billion (2023) |
| Owner | National Amusements (9.7% equity, 79.9% voting power) (Merger with Skydance Media pending) |
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Number of employees
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21,900 (December 2023) |
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| Subsidiaries | List of assets owned by Paramount Global |
Paramount Global, often called just Paramount, is a large American company. It creates and shares many types of media and entertainment around the world. This includes movies, TV shows, and streaming services.
The company is controlled by National Amusements. Its main office is in Times Square in New York City. Paramount Global was first formed on December 4, 2019. It was called ViacomCBS back then. This happened when two big companies, CBS Corporation and Viacom, joined together. The company changed its name to Paramount Global on February 16, 2022.
Paramount owns many well-known brands. These include the movie studio Paramount Pictures, the CBS television network, and popular channels like MTV, Nickelodeon, and Comedy Central. It also has streaming services like Paramount+ and Pluto TV. The company reaches about 700 million viewers in 180 countries.
In 2024, there were talks about Paramount Global possibly joining with other companies. As of July 2024, Paramount is working on a deal to merge with Skydance Media. This new company might be called "New Paramount." The deal is expected to be completed in early 2025.
Contents
What Paramount Global Owns
Paramount Global is made up of several main parts. Each part focuses on different types of entertainment.
Paramount Pictures
This part of the company makes and distributes movies. It includes films released under the main Paramount Pictures name. It also has labels like Paramount Animation for cartoons and Paramount Players. Paramount Global Content Distribution helps share these movies and TV shows around the world.
CBS Entertainment Group
This group includes many CBS-branded assets. It has the CBS television network, which broadcasts news and sports. It also includes CBS Studios, which creates TV shows. This group also owns BET Networks, which has channels like BET and VH1.
Paramount Media Networks
This section manages Paramount's cable TV channels in the United States. Some of these popular channels are MTV, Nickelodeon, Paramount+ with Showtime, and Comedy Central. It also includes TV Land, Paramount Network, CMT, and others. This group also oversees studios like Nickelodeon Animation Studio.
Paramount International Networks
This part of Paramount handles its TV channels outside the United States. These channels are grouped into regions like the United Kingdom, Australia, Europe, and the Americas. It also includes local networks such as Channel 5 in the UK and Network 10 in Australia.
Paramount Digital Studios
This part of the company focuses on online video and digital content. It includes companies like Awesomeness.
Paramount Streaming
This section focuses on the company's streaming services. These are services that let you watch movies and shows over the internet. Key services include Paramount+ and Pluto TV. It also includes SkyShowtime, which is a partnership with Comcast. Other services are CBS News and BET+.
Paramount Consumer Products and Experiences
This part of Paramount handles selling and licensing products related to Paramount's brands. This means you can find toys, clothes, and other items featuring characters from their movies and shows. It also includes events like VidCon and some theme parks.
Paramount also owns Republic Pictures. It has a share in Miramax and FuboTV as well.
Company Leaders
The company is led by a team of experienced people.
- Shari Redstone is the Non-Executive Chair of the company.
- The Office of the CEO includes:
- George Cheeks, who leads CBS and content for news and sports on Paramount+.
- Chris McCarthy, who leads Showtime, MTV Entertainment Studios, and Paramount Media Networks.
- Brian Robbins, who leads Paramount Pictures and Nickelodeon. He also oversees movies and kids' content for Paramount+.
See also
In Spanish: Paramount Global para niños
