Paramount Skydance Corporation Class B Common Stock (PSKY)

Overview

Paramount Global operates as an expansive media, streaming, and entertainment company with a global reach. Initially known as ViacomCBS Inc., the company underwent a name change to Paramount Global in February 2022, marking a significant shift in its branding and strategic direction. Founded in 1914 and headquartered in New York, New York, Paramount Global has established itself as a powerhouse in the entertainment industry, spanning various segments including TV Media, Direct-to-Consumer, and Filmed Entertainment. With a rich portfolio that includes traditional broadcast networks, premium and basic cable networks, production studios, streaming services, and more, Paramount Global caters to a diverse audience across multiple platforms worldwide. It operates as a subsidiary of National Amusements, Inc., emphasizing its significant position within the larger media and entertainment landscape.

Products and Services

• TV Media

This segment encompasses a broad array of operations including the CBS Television Network, an established domestic broadcast television network; CBS Stations, a network of television stations; and international free-to-air networks like Network 10, Channel 5, Telefe, and Chilevisión. It also contains premium and basic cable networks such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, and BET Media Group. Additionally, it includes domestic and international television studio operations featuring CBS Studios, Paramount Television Studios, and Showtime/MTV Entertainment Studios, along with CBS Media Ventures for syndicated programming, and digital properties such as CBS News Streaming and CBS Sports HQ.

• Direct-to-Consumer

Paramount Global’s Direct-to-Consumer segment offers an extensive portfolio of streaming services that appeal to a wide range of viewers. This includes Paramount+, a leading subscription-based streaming service; Pluto TV, a free streaming television service; BET+, catering to the African American audience; and Noggin, a learning service for children. These platforms collectively provide a comprehensive and diversified entertainment experience to global audiences, from blockbuster movies to niche interests.

• Filmed Entertainment

The Filmed Entertainment segment of Paramount Global is dedicated to the production and acquisition of films, series, and short-form content for global release and licensing. This segment includes theatrical releases, streaming services, television, digital home entertainment, and physical media through DVDs/Blu-rays. It encompasses Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, Awesomeness, and Miramax. The segment is also involved in offering production, distribution, and advertising solutions, underlining Paramount Global’s comprehensive capabilities in entertainment production and distribution.