Paramount Global
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- Paramount Global (Nasdaq: VIAC), formerly ViacomCBS, operates as a leading multinational mass media and entertainment conglomerate, producing and distributing premium content across television networks, streaming platforms, filmed entertainment, and digital media; its core offerings include the CBS Television Network for broadcast news, sports, and entertainment; premium cable networks such as Showtime, MTV, Nickelodeon (including Nick Jr. and Nickelodeon Animation Studio), Comedy Central, BET, Paramount Network, CMT, VH1, TV Land, Logo, Pop TV, Smithsonian Channel, The Movie Channel, and Flix; streaming services encompassing Paramount+, Pluto TV (free ad-supported), SkyShowtime (50% owned with Comcast), CBS News 24/7, CBS Sports HQ, and BET+; filmed entertainment through Paramount Pictures (featuring Paramount Animation and Paramount Players labels), Republic Pictures, a 49% stake in Miramax, Paramount Television Studios, CBS Studios, and Showtime/MTV Entertainment Studios; international networks and region-specific assets including Telefe (Argentina), Chilevisión (Chile), Channel 5 (UK), and Network 10 (Australia); and content distribution via Paramount Global Content Distribution, alongside consumer products and merchandising through Paramount Consumer Products. Founded in 1912 as Famous Players Film Company (evolving into Paramount Pictures) with roots tracing to Hollywood, California, the company maintains headquarters at One Astor Plaza in Midtown Manhattan, New York, and reaches over 700 million subscribers in 180 countries through more than 170 networks, serving diverse audiences from children and families to premium viewers with original series, films, live sports, news, and music-related programming. In recent major developments, Paramount Global completed its merger with Skydance Media on August 7, 2025, forming Paramount, a Skydance Corporation (Nasdaq: PSKY) with an enterprise value of $28 billion, backed by over $8 billion in investments from the Ellison Family and RedBird Capital Partners; this transaction integrates Skydance's production expertise and technology capabilities, appoints David Ellison as Chairman and CEO and Jeff Shell as President, and enables strategic streamlining, content innovation, and profitability enhancements; prior to closure, the company sold Simon & Schuster to KKR for $1.6 billion (October 2023), divested a 75% stake in The CW to Nexstar (2022), reduced U.S. workforce by 15% (about 2,000 employees in August 2024 amid a $6 billion cable write-down and shutdown of Paramount Television Studios), sold Vidcon to Informa (September 2024), consolidated television and streaming units (December 2024), and expanded Paramount+ internationally with ad-supported tiers in Canada and Australia plus premium ad-free options in Europe.
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