Paramount Global (NASDAQ: PARA)
Entertainment · New York, NY, United States · Founded 2019
- Market capitalization: $8.0 billion
- Annual revenue: $13.69 billion
- Net income: $-6.19 billion
- Employees: 23,000
- Sector: Communication Services
- Headquarters: New York, United States
- Founded: 2019
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Paramount Global owns the Paramount film studio, CBS (the most-watched US broadcast network), Showtime, MTV, Nickelodeon, BET, Comedy Central, and the Paramount+ streaming service. The Redstone family controlled Paramount through National Amusements until Skydance Media's acquisition in 2024. The company has been struggling with the transition from linear TV to streaming while carrying significant debt.
TV advertising (CBS, cable networks), affiliate fees (cable companies pay to carry Paramount's channels), streaming subscriptions (Paramount+), theatrical film releases, and content licensing. Linear TV revenue is declining as cord-cutting accelerates. Paramount+ has over 70 million subscribers but has been unprofitable. The company has been licensing content to competitors to generate cash. Annual revenue exceeds $30 billion.
Paramount Pictures was founded in 1912 u2014 one of the oldest film studios in Hollywood. Viacom acquired Paramount in 1994. CBS and Viacom re-merged in 2019 to form ViacomCBS, later renamed Paramount Global. Shari Redstone controlled the company through National Amusements. Skydance Media (led by David Ellison, son of Oracle's Larry Ellison) acquired Paramount in 2024 after months of negotiations and competing bids.
| Market Capitalization | $8.0B |
| Annual Revenue | $13.69B |
| Net Income | $-6.19B |
| Profit Margin | -45% |
| Revenue per Employee | $595217K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | PARA |
Financial data is approximate and based on most recent annual filings.
Paramount's film library includes The Godfather, Top Gun, Indiana Jones, Transformers, and Mission: Impossible. Nickelodeon's SpongeBob SquarePants is one of the most valuable animated franchises in the world. The Paramount mountain logo is one of the most iconic images in cinema. MTV launched in 1981 with "Video Killed the Radio Star" u2014 the channel no longer plays music videos.
Paramount has incredible IP but has been poorly managed for years u2014 the Skydance acquisition provides fresh capital and leadership, but turning around a legacy media company in the streaming era is an enormous challenge.
What is Paramount Global's revenue?
Paramount Global generates approximately $13.69 billion in annual revenue.
How many employees does Paramount Global have?
Paramount Global employs approximately 23,000 people worldwide.
What is Paramount Global's market cap?
Paramount Global (PARA) has a market capitalization of approximately $8.0 billion on the NASDAQ.
When was Paramount Global founded?
Paramount Global was founded in 2019 and is headquartered in New York, NY, United States.
Who is the CEO of Paramount Global?
Brian Robbins is the current CEO of Paramount Global.
What is Paramount Global's website?
Paramount Global's official website is paramount.com.
| CEO | Brian Robbins |
| Sector | Communication Services |
| Industry | Entertainment |
| Founded | 2019 |
| HQ | New York, NY |
| Country | United States |
| Website | paramount.com |
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