Paramount Global (PARAA)

Overview

Paramount Global, previously known as ViacomCBS Inc., is a globally recognized media and entertainment powerhouse. The company's expansive operations span across broadcast television, cable channels, streaming services, and film production and distribution. With its roots dating back to 1986, Paramount Global has established a robust footprint in the entertainment industry, serving audiences worldwide from its headquarters in New York, New York. Paramount operates under the umbrella of National Amusements, Inc., showcasing a vast portfolio that includes news broadcasts, sports and entertainment programming, and a wide range of digital content. In February 2022, the company underwent a significant rebranding, changing its name from ViacomCBS Inc. to Paramount Global, signaling a new era in its operational strategy and market presence.

Products and Services

Paramount Global offers a diverse array of products and services tailored to meet the dynamic needs of modern audiences:

• CBS Television Network - This includes a mix of primetime comedies and dramas, reality, specials, kids' programs, daytime dramas, game shows, and late night programs. Paramount Global is responsible for acquiring or developing and scheduling this diverse programming lineup, catering to a broad audience base.
• Broadcast Television Stations - Owns and operates 29 broadcast television stations, ensuring direct access to viewers across different regions. This network plays a crucial role in the distribution of the company's content.
• CBS Sports Network - A 24-hour cable channel dedicated to sports and related content. This specialized network targets sports enthusiasts, providing them with comprehensive coverage, analysis, and commentary.
• Paramount+ - A digital subscription video-on-demand and live streaming service that offers a wide range of content, from exclusive original series to blockbuster movies. Paramount+ exemplifies the company's commitment to digital innovation and accessibility.
• Subscription Cable Networks - Paramount Global delivers programming tailored for subscription cable networks, enhancing the variety and quality of content available to cable subscribers.
• Subscription Streaming Services - Reflecting the shift towards digital consumption, the company invests in creating and acquiring content specifically designed for various streaming platforms, ensuring a strong presence in the digital media space.
• Premium and Basic Cable Networks - Offers programming across both premium and basic cable networks, catering to diverse audience preferences and contributing to the company's expansive reach.
• Film Development and Distribution - Engages in the development, production, financing, acquisition, and distribution of films. This segment ensures Paramount Global's active participation in the movie industry, enriching its portfolio with cinematic experiences for audiences around the world.