Paramount Global

Paramount Global
	Logo used since 2022
	Paramount headquarters at One Astor Plaza in Midtown Manhattan, New York City
Trade name	Paramount
Formerly	ViacomCBS (2019–2022)
Company type	Public
Traded as	Nasdaq: PARAA (Class A); Nasdaq: PARA (Class B); S&P 500 component (PARA);
ISIN	US92556H2067
Industry	Media; Entertainment;
Predecessors	CBS Corporation; Viacom;
Founded	December 4, 2019
Fate	Three-way merger with Skydance Media and National Amusements
Successor	Paramount Skydance Corporation
Headquarters	One Astor Plaza; New York City, U.S.
Area served	Worldwide
Key people	Shari Redstone (chairwoman); Chris McCarthy (co-CEO); Brian Robbins (co-CEO); George Cheeks (co-CEO);
Products	Films; music; television programs; web portals;
Services	Licensing; broadcasting; streaming; television;
Revenue	US$29.2 billion (2024)
Operating income	−US$5.3 billion (2024)
Net income	−US$6.2 billion (2024)
Total assets	US$46.2 billion (2024)
Total equity	US$16.8 billion (2024)
Owner	National Amusements (9.7% equity, 79.9% voting power)
Number of employees	18,600 (2024)
Divisions	Paramount Pictures; CBS Entertainment; Paramount Media Networks; Paramount International Networks; Paramount Streaming; Paramount Consumer Products; Paramount Global Content Distribution;
Subsidiaries	List of assets owned by Paramount Global
Website	paramount.com
	Footnotes / references;

Paramount Global (d/b/a Paramount) is an American 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^[4] (which were split from the original Viacom on December 31, 2005). The company took its current name on February 16, 2022.^[5]

Paramount's main properties include the namesake Paramount Pictures Corporation, the CBS Entertainment Group (consisting of the CBS and partially owned The CW television networks and television stations, BET Media Group (which oversees BET and its sister channels), and other CBS-branded assets), Paramount Media Networks (consisting of American-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.^[6] As of 2019,^[update] the company operates over 170 networks and reaches approximately 700 million subscribers in 180 countries.^[7]

In 2024, National Amusements held talks for a potential merger or acquisition of Paramount Global, with Warner Bros. Discovery, Sony Pictures, Apollo Global Management, Edgar Bronfman Jr., Allen Media Group, and Skydance Media all considering acquiring the company. By June 3, Paramount reportedly agreed to merger terms with Skydance. 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 form "Paramount Skydance Corporation" through a 3-way merger between it, National Amusements, and Paramount.^[8]^[9]

^ "2021 Proxy Statement". ViacomCBS, Inc. Archived from the original on March 26, 2022. Retrieved February 17, 2022.
^ "SEC Filing – ViacomCBS Inc". ViacomCBS. Archived from the original on July 18, 2020. Retrieved July 14, 2020.
^ "Paramount Global Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. February 26, 2025. Retrieved February 28, 2025.
^ "CBS and Viacom Reveal December Merger Date". November 25, 2019. Archived from the original on November 29, 2019. Retrieved November 26, 2019.
^ Baccardax, Martin (February 16, 2022). "ViacomCBS Stock Plunges After Q4 Earnings Miss, Paramount Name Change". TheStreet. Archived from the original on February 17, 2022. Retrieved February 16, 2022.
^ Roxborough, Scott; Brzeski, Patrick (May 24, 2021). "Why Local-Language Adaptations Are the Next Round of Remakes". The Hollywood Reporter. ViacomCBS counts Argentina's Telefe and producer Iginio Straffi's Italian TV shingle Rainbow, in which it has a 30 percent stake, among its global assets.
^ "ViacomCBS | Company Profile". Vault. Archived from the original on April 16, 2021. Retrieved March 30, 2021.
^ Mullin, Benjamin; Hirsch, Lauren (July 2, 2024). "Paramount and Skydance Are Said to Reach a Deal to Merge". The New York Times. ISSN 0362-4331. Retrieved July 3, 2024.
^ Media, Skydance (July 8, 2024). "Skydance Media and Paramount Global Sign Definitive Agreement to Advance Paramount as a World-Class Media and Technology Enterprise". GlobeNewswire News Room. Retrieved July 8, 2024.

[1] "2021 Proxy Statement". ViacomCBS, Inc. Archived from the original on March 26, 2022. Retrieved February 17, 2022.

[2] "SEC Filing – ViacomCBS Inc". ViacomCBS. Archived from the original on July 18, 2020. Retrieved July 14, 2020.

[10K-3] "Paramount Global Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. February 26, 2025. Retrieved February 28, 2025.

[4] "CBS and Viacom Reveal December Merger Date". November 25, 2019. Archived from the original on November 29, 2019. Retrieved November 26, 2019.

[5] Baccardax, Martin (February 16, 2022). "ViacomCBS Stock Plunges After Q4 Earnings Miss, Paramount Name Change". TheStreet. Archived from the original on February 17, 2022. Retrieved February 16, 2022.

[6] Roxborough, Scott; Brzeski, Patrick (May 24, 2021). "Why Local-Language Adaptations Are the Next Round of Remakes". The Hollywood Reporter. ViacomCBS counts Argentina's Telefe and producer Iginio Straffi's Italian TV shingle Rainbow, in which it has a 30 percent stake, among its global assets.

[7] "ViacomCBS | Company Profile". Vault. Archived from the original on April 16, 2021. Retrieved March 30, 2021.

[:0-8] Mullin, Benjamin; Hirsch, Lauren (July 2, 2024). "Paramount and Skydance Are Said to Reach a Deal to Merge". The New York Times. ISSN 0362-4331. Retrieved July 3, 2024.

[9] Media, Skydance (July 8, 2024). "Skydance Media and Paramount Global Sign Definitive Agreement to Advance Paramount as a World-Class Media and Technology Enterprise". GlobeNewswire News Room. Retrieved July 8, 2024.

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