Paramount Global

Detailed Description

Paramount Global operates as a media and entertainment company worldwide. The company operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates domestic and international broadcast networks, including CBS Television Network, Network 10, Channel 5, Telefe, and Chilevisión; and cable networks comprising Showtime, BET, Nickelodeon, MTV, Comedy Central, Paramount Network, Smithsonian Channel, and CBS Sports Network. It is also involved in the television production operations; and ownership of broadcast television stations. The Direct-to-Consumer segment provides a portfolio of direct-to-consumer streaming services, including Paramount+, Pluto TV, Showtime Networks' premium subscription streaming service, BET+, and Noggin. The Filmed Entertainment segment operates produces franchise live-action and animated films, and genre films for audiences. It operates under the Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, and Miramax names. The company was formerly known as ViacomCBS Inc. and changed its name to Paramount Global in February 2022. Paramount Global was incorporated in 1986 and is headquartered in New York, New York. Paramount Global operates as a subsidiary of National Amusements, Inc.

Key People

Founder(s): Shari Redstone

Shari Redstone (Chairwoman) Bob Bakish (President and CEO)

Financials

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)