PARA - Paramount Global

Company Overview

Name

Paramount Global

Tickers

PARA, PARAA

Exchanges

Nasdaq

Employees

21900

Founded

1986

Sector Information

Other Information

CIK

813828

Category

Large accelerated filer

1-Line Summary

Paramount Global is a leading media and entertainment company known for its diverse streaming services and iconic content brands.

Company summary

Paramount Global is a prominent global media, streaming, and entertainment company, renowned for producing premium content for diverse audiences worldwide. The company operates through various brands including CBS, Paramount Pictures, Nickelodeon, and MTV, offering both traditional broadcasting and innovative streaming services such as Paramount+ and Pluto TV. Their strategy focuses on creating world-class content with broad appeal, maximizing cash flow, and achieving Direct-to-Consumer profitability, thereby leveraging their extensive library of films and television shows across multiple platforms.

In 2023, Paramount Global showcased its commitment to content generation and distribution by releasing successful films and expanding its subscription base for Paramount+. Noteworthy segments within the company include TV Media, which encompasses domestic and international broadcast networks and cable channels, and Direct-to-Consumer, which features subscription streaming services. With an extensive reach in the streaming market and powerful distribution capabilities, Paramount Global is aimed at sustaining its market leadership and drive innovation across its platforms.

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