Paramount Global

Paramount Global
	Paramount Global headquarters at One Astor Plaza in New York City
Type	Public
Traded as	NASDAQ: PARAA (Class A); NASDAQ: PARA (Class B); S&P 500 component (PARA);
ISIN	US92556H2067
Industry	Mass media
Predecessors	CBS Line Westinghouse Electric Corporation; CBS Corporation (1997–2000, 2006–2019); ; Viacom Line Viacom (1952–2006, 2005–2019); ; ViacomCBS (2019-2022); Paramount Line Gulf and Western Industries; Paramount Communications; ;
Founded	December 4, 2019; 2 years ago
Founder	Shari Redstone
Headquarters	One Astor Plaza, Manhattan, New York City, United States
Area served	Worldwide
Key people	Shari Redstone; (Chairwoman); Bob Bakish; (President and CEO);
Revenue	US$25.29 billion (2020)
Operating income	US$4.14 billion (2020)
Net income	US$2.42 billion (2020)
Total assets	US$52.66 billion (2020)
Total equity	US$15.37 billion (2020)
Owners	National Amusements (80% voting power); Shari Redstone (20% voting power);
Number of employees	22,109
Divisions	CBS Entertainment Group; Paramount Domestic Media Networks; Paramount Networks International; Paramount Streaming; ViacomCBS Global Distribution;
Subsidiaries	Bellator MMA; Paramount Pictures; Simon & Schuster; VidCon; Westinghouse Licensing;
Website	www.paramount.com

Paramount Global is an American multinational media conglomerate headquartered in New York City. The company was formed in 2019 with the merger of CBS Corporation and Viacom.

The company's main properties include the Paramount Pictures film and television studio, the CBS Entertainment Group (consisting of the CBS television network, television stations, and other CBS-branded assets), domestic networks (consisting of U.S.-based cable television networks including MTV, Nickelodeon, BET, Comedy Central, and Showtime), and the company's streaming services (including Paramount+ and Pluto TV). Paramount Global also has a dedicated international division that manages international versions of its networks, as well as region-specific assets like eltrece in Argentina and a 30% stake in the Rainbow S.p.A. studio in Italy.

ReferencesEdit

↑ "SEC Filing - ViacomCBS Inc". ir.viacomcbs.com.
↑ Sherman, Alex (12 August 2020). "Sumner Redstone handed a media empire to his daughter, Shari, who now controls its fate". CNBC. Shari owns the other 20% through a separate trust.
↑ "ViacomCBS (VIAC)". Retrieved 26 February 2021.

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[1] "SEC Filing - ViacomCBS Inc". ir.viacomcbs.com.

[2] Sherman, Alex (12 August 2020). "Sumner Redstone handed a media empire to his daughter, Shari, who now controls its fate". CNBC. Shari owns the other 20% through a separate trust.

[3] "ViacomCBS (VIAC)". Retrieved 26 February 2021.

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