Paramount Global facts for kids
 |
|
Paramount headquarters at One Astor Plaza in Midtown Manhattan, New York City
|
|
|
Trade name
|
Paramount |
|---|---|
|
Formerly
|
ViacomCBS Inc. (2019–2022) |
| Public | |
| Traded as | |
| ISIN | ISIN: [https://isin.toolforge.org/?language=en&isin=US92556H2067 US92556H2067] |
| Industry |
|
| Predecessors |
|
| Founded | December 4, 2019 |
| Headquarters | One Astor Plaza New York, NY 10036 U.S. |
|
Area served
|
Worldwide |
|
Key people
|
|
| Products |
|
| Services | |
| Revenue |  US$29.65 billion (2023) |
|
Operating income
|
US$−451 million (2023) |
| US$−608 million (2023) |
|
| 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) |
|
Number of employees
|
21,900 (December 2023) |
| Divisions |
|
| Subsidiaries | List of assets owned by Paramount Global |
Paramount Global (also known simply as Paramount) is an American diversified multinational mass media and entertainment conglomerate controlled by National Amusements and headquartered at One Astor Plaza in Times Square, Midtown Manhattan. The company was formed on December 4, 2019, as ViacomCBS through the merger of the second incarnations of CBS Corporation and Viacom (which were split from the original Viacom on December 31, 2005). The company took its current name on February 16, 2022.
Paramount's main properties include the namesake Paramount Pictures film and television studio, the CBS Entertainment Group (consisting of the CBS and partially owned The CW television networks and television stations), BET Networks (who owns the BET and VH1 channels, among others, and other CBS-branded assets), Paramount Media Networks (consisting of U.S.-based cable television networks including MTV, Nickelodeon, Comedy Central, CMT, Paramount Network, and Showtime) and Paramount Streaming (including Paramount+ and Pluto TV). It also has an international division that manages international versions of its pay TV networks, as well as region-specific assets including Argentina's Telefe, Chile's Chilevisión, the United Kingdom's Channel 5, and Australia's Network 10. From 2011 to 2023, the division also owned a 30% stake in the Italian Rainbow S.p.A. studio.
As of 2019[update] the company operates over 170 networks and reaches approximately 700 million subscribers in 180 countries.
In 2024, National Amusements held talks for a potential merger or acquisition of Paramount Global, with Warner Bros. Discovery, Sony Pictures, Apollo Global Management, and Skydance Media all considering acquiring the company. By June 3, Paramount reportedly agreed to merger terms with the latter company. However, by June 11, merger talks between Paramount and Skydance had fallen apart, resulting in the proposed merger being called off. The companies would later re-negotiate the deal, and on July 2, 2024, Skydance reached a preliminary agreement to acquire National Amusements and merge with Paramount to create which is currently being called "New Paramount". The transaction is expected to close in the first half of 2025.
Company units
Paramount Global comprises six major units:
- Paramount Pictures, the company's namesake division, focuses on theatrical film production and distribution, including film releases under the Paramount Animation and Paramount Players, and Republic Pictures labels in addition to the flagship Paramount Pictures label. Paramount Global Content Distribution focuses on the global distribution and licensing of programs produced by Paramount production studios.
- CBS Entertainment Group consists of CBS-branded assets including the CBS television network, CBS News and Stations, CBS Sports, CBS Studios, Paramount Television Studios, CBS Media Ventures, and Big Ticket Television. It also has a 12.5% ownership stake in The CW Television Network. In addition, the group consists of BET Networks, which contains premium cable television channels including the flagship service BET and VH1.
- Paramount Media Networks encompasses the pay television channels owned by Paramount in the United States such as MTV, Nickelodeon, Paramount+ with Showtime, Comedy Central, TV Land, Paramount Network, Logo, CMT, Pop TV, Smithsonian Channel, The Movie Channel and Flix, as well as controlling its production facilities for the listed channels above, including Nickelodeon Animation Studio and MTV Entertainment Studios.
- Paramount International Networks encompasses certain international versions of their television channels split into three regional hubs: United Kingdom and Australia, Europe, Middle East, Africa and Asia (EMEAA), and the Americas, as well as region-specific networks (such as Channel 5 in the United Kingdom, Network 10 in Australia, Telefe in Argentina, and Chilevisión in Chile. From 2011 until 2023, the division owned a 30% stake in the Rainbow S.p.A. studio in Italy and also owned Viacom18 from 2007 until 2024. It also co-owns all CBS-branded channels across Europe with AMC Networks International.
- Paramount Digital Studios consists of digital online and video internet properties including Awesomeness (a media and entertainment company overseen by its co-founder Brian Robbins, also an executive for both the film studio and TV media networks, as of November 2019).
- Paramount Streaming focuses on the global over-the-top streaming services that encompasses Paramount+, Pluto TV, SkyShowtime (50% with Comcast through Sky Group), CBS News, CBS Sports HQ, BET+ and Noggin.
- Paramount Consumer Products and Experiences focuses on the retailing and licensing of merchandising for Paramount-owned brands. It consists of Paramount Consumer Products (which holds VidCon, a multi-genre online video conference) and some theme parks.
Other assets owned by Paramount include Republic Pictures. The company also has a 49% stake in Miramax and an undisclosed stake in FuboTV, which it acquired in 2020.
Leadership
|
|
See also
In Spanish: Paramount Global para niños
