Paramount Global

Paramount Global
Paramount
FormerlyViacomCBS Inc. (2019–2022)
Company typePublic
ISINUS92556H2067
Industry
Predecessors
FoundedDecember 4, 2019 (2019-12-04)
HeadquartersOne Astor Plaza, Manhattan,
Area served
Worldwide
Key people
Products
Services
RevenueDecrease US$29.65 billion (2023)
Decrease US$−451 million (2023)
Decrease US$−608 million (2023)
Total assetsDecrease US$53.54 billion (2023)
Total equityDecrease US$22.53 billion (2023)
OwnerNational Amusements (9.7% equity, 79.9% voting power)[1]
Number of employees
21,900 (December 2023)
Divisions
SubsidiariesList of assets owned by Paramount Global
Websiteparamount.com
Footnotes / references
[2][3]

Paramount Global[a] (doing business as Paramount,[5] formerly as ViacomCBS) is an American multinational mass media and entertainment conglomerate controlled by National Amusements and headquartered at One Astor Plaza in Midtown Manhattan in New York City. The company was formed on December 4, 2019, as ViacomCBS Inc. through the merger of the second incarnations of CBS Corporation and Viacom[6] (which were split from the original Viacom on December 31, 2005). The company changed its name to Paramount Global on February 16, 2022, the day after its Q4 earnings presentation.[7]

Paramount's main properties include the namesake Paramount Pictures film and television studio, the CBS Entertainment Group (consisting of the CBS television network, television stations, BET Networks, (who owns the BET and VH1 channels, among others), and other CBS-branded assets), media networks (consisting of U.S.-based cable television networks including MTV, Nickelodeon, Comedy Central, CMT, Paramount Network, and Showtime) and the company's streaming services (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, India's Colors, the United Kingdom's Channel 5, and Australia's Network 10. Between 2011 and 2023, the division also owned a 30% stake in the Rainbow S.p.A. studio.[8]

As of 2019, the company operates over 170 networks and reaches approximately 700 million subscribers in 180 countries.[9]

  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.
  3. ^ "Paramount Global Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. February 28, 2024. Retrieved February 28, 2024.
  4. ^ "Delaware Corporate Entity Search". Archived from the original on September 21, 2015. Retrieved April 29, 2023.
  5. ^ Goldsmith, Jill (February 15, 2022). "ViacomCBS To Rebrand As Paramount Global". Deadline. Retrieved December 18, 2023.
  6. ^ "CBS and Viacom Reveal December Merger Date". November 25, 2019. Archived from the original on November 29, 2019. Retrieved November 26, 2019.
  7. ^ 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.
  8. ^ 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.
  9. ^ "ViacomCBS | Company Profile". Vault. Archived from the original on April 16, 2021. Retrieved March 30, 2021.


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