Paramount Global (NASDAQ:PARAA) (NASDAQ: PARAA) is a diversified media and entertainment company with operations spanning film production, television networks, and direct-to-consumer streaming services. The company’s roots trace back to the founding of CBS in 1927 and Paramount Pictures in 1912. In 2019, Viacom and CBS Corporation reunited under a single corporate banner, and in 2022 the combined entity rebranded as Paramount Global, reflecting its ambition to create and distribute high-quality content across multiple platforms.
At the core of Paramount Global’s business are its motion picture studio and television networks. Paramount Pictures produces feature films and franchises that are distributed worldwide, while CBS Television Studios and Nickelodeon Animation Studio develop programming for broadcast and cable networks. Popular cable and digital channels under the Paramount Global umbrella include MTV, Comedy Central, BET, VH1, the Paramount Network, and Nickelodeon, each catering to distinct audience demographics with programming that ranges from reality series to children’s animation.
The company has made significant investments in streaming, operating Paramount+ as its flagship subscription video on demand (SVOD) service alongside the ad-supported Pluto TV. Paramount+ offers a mix of original series, live sports, news, and an extensive back catalog of content from CBS, Showtime, Nickelodeon, and Paramount Pictures. Pluto TV, acquired in 2019, provides free, ad-supported streaming with hundreds of themed channels, further diversifying the company’s digital distribution capabilities. Paramount Global also licenses content to third-party platforms and maintains a global sales and distribution network to reach audiences across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.
Leadership at Paramount Global is headed by Chief Executive Officer Bob Bakish, who has steered the company’s strategic pivot toward streaming and content synergies, and Executive Chair Shari Redstone, who represents the Redstone family’s legacy ownership interest. Paramount Global continues to leverage its storied brands, extensive production pipelines, and distribution channels to compete in a dynamically evolving media landscape, focusing on both linear television and digital innovation to engage global audiences.
