- CEO
- Robert Marc Bakish
- Full Time Employees
- 22,109
- Sector
- Communication Services
- Industry
- Entertainment
- Address
- 1515 Broadway New York City NY United States of America 10036
- IPO Date
- Dec 5, 2019
- Business
- Paramount Global operates as a leading multinational media and entertainment conglomerate primarily engaged in the creation, production, and distribution of premium content across multiple platforms. The company offers a comprehensive portfolio of products and services including theatrical film production and distribution under Paramount Pictures and its sub-labels Paramount Animation and Paramount Players; television programming through CBS Television Network; streaming services such as Paramount+ and Pluto TV which provide subscription-based and ad-supported content; cable networks featuring news, sports, and entertainment; and content production through its extensive studio facilities and archives. It also manages brands such as Nickelodeon, Republic Pictures, and holds a significant interest in Miramax, addressing a broad consumer base globally with operations spanning the United States and multiple international markets.
Founded in 2019 following the merger of Viacom and CBS Corporation and headquartered in New York City, Paramount Global was formerly known as ViacomCBS before rebranding in 2022. The company has recently undergone a transformative merger with Skydance Media, finalized in August 2025, creating the newly formed Paramount Skydance Corporation. This strategic alliance, supported by major investments from RedBird Capital Partners and KKR, is a significant operational change designed to expand Paramount’s reach into animation, sports, and video games, while bolstering content production capabilities and technological innovation. Additionally, the company extended long-term partnerships such as the multi-year distribution agreement with Charter Communications in 2024 and signed a new measurement partnership with Nielsen in early 2025, enhancing its advertising strategies. Paramount’s 2024 financial performance reflected $30.2 billion in revenues with growth in its direct-to-consumer segment driven by streaming subscriber gains.
Paramount Global remains a vertically integrated media company focused on creating original content and leveraging its vast distribution network spanning traditional broadcast, cable, and streaming platforms to service a global audience. The company holds a competitive position in the dynamic entertainment industry by continuously innovating in content creation and distribution while navigating strategic shifts such as partnership scaling back in certain regions like South Korea, and pursuing opportunities in the evolving digital entertainment landscape through investments and mergers. Its consolidated business segments encompass filmed entertainment, television and streaming networks, advertising, and distribution, targeting consumers, advertisers, and content distributors worldwide. Paramount is controlled by National Amusements and continues to uphold its legacy as a storied Hollywood institution with ambitions to evolve as a media and technology enterprise.