- Business
- Paramount Global operates as a leading global media and entertainment company primarily engaged in filmed entertainment, direct-to-consumer streaming services, and TV media networks. Its core products and services include theatrical film production and distribution under Paramount Pictures, Paramount Animation, Paramount Players, and affiliated brands; television programming and content distribution through its CBS Entertainment Group, BET Media Group, and Paramount Media Networks which include networks such as MTV, Nickelodeon, Comedy Central, CMT, Paramount Network, and Showtime; and streaming services including Paramount+ and Pluto TV. The company also manages consumer products and experiences, overseeing licensing, merchandising, and live events for its diverse portfolio of iconic franchises from BET, CBS, MTV, Paramount Pictures, and Nickelodeon.
Paramount Global operates approximately 170 networks, reaching around 700 million subscribers across 160 countries, with a strong presence in North America, Europe, and global markets. The company was founded in 1912 and is headquartered in New York, New York. Key business segments include filmed entertainment, direct-to-consumer streaming, and TV media, with the latter supplying revenue primarily from television networks and stations.
Recent major changes include the August 2025 acquisition by Skydance Corporation, marking a strategic shift to integrate content creation and production capabilities more closely with its media networks and streaming operations. Paramount has been actively restructuring to streamline global operations, which involved significant cost-cutting measures including a 15% reduction in global staff and shutting down its African operations after more than two decades. Concurrently, the company is expanding its streaming services footprint with investments in digital content and targeting new international markets, aiming to grow streaming subscribers significantly by 2025. Paramount also increased its bid for Warner Bros. Discovery in late 2025, supported by Middle Eastern sovereign wealth funds, signaling aggressive expansion and consolidation efforts in the media sector.
The company’s latest financial outlook forecasts 2026 revenue guidance raised to $30 billion and adjusted EBITDA to $3.5 billion, reflecting improved operational efficiencies targeting $3 billion in savings. Paramount continues prioritizing streaming platform growth, content investment, and maximizing its extensive content library to compete in the evolving entertainment landscape.
Overall, Paramount Global remains a dominant entertainment company delivering extensive film, television, and streaming content worldwide, with ongoing strategic restructuring and expansion initiatives following its integration with Skydance Corporation.