Paramount Global

American multinational mass media corporation
(Redirected from ViacomCBS)

Paramount Global is an American multinational media conglomerate (a big company that owns other companies) that is headquartered in New York City. The company was formed in 2019 with the merging of CBS Corporation and Viacom.

Paramount Global
TypePublic
ISINUS92556H2067
IndustryMass media
Predecessors
FoundedDecember 4, 2019; 3 years ago (2019-12-04)
FounderShari Redstone
HeadquartersOne Astor Plaza, ,
Area served
Worldwide
Key people
RevenueIncrease US$25.29 billion (2020)
Decrease US$4.14 billion (2020)
Increase US$2.42 billion (2020)
Total assetsIncrease US$52.66 billion (2020)
Total equityIncrease US$15.37 billion (2020)
Owners
Number of employees
22,109[3]
Divisions
Subsidiaries
Websitewww.paramount.com

The biggest companies that Paramount Global owns 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 ((5) section of a large company) that manages international versions of its TV and Movie networks, as well as region-specific companies that they own like Telefe in Argentina. They also own a 30% stake in the stocks of the Rainbow S.p.A. studio in Italy.

References Edit

  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.