Paramount Global

Paramount Global is an American multinational media conglomerate headquartered in New York City. The company was formed in 2019 with the merger of CBS Corporation and Viacom.

Paramount Global
TypePublic
ISINUS92556H2067
IndustryMass media
Predecessors
FoundedDecember 4, 2019 (2019-12-04)
FounderShari Redstone
HeadquartersOne Astor Plaza, ,
Area served
Worldwide
Key people
  • Shari Redstone
    (Chairwoman)[1]
  • Bob Bakish
    (President and CEO)
RevenueIncrease US$25.29 billion (2020)
Decrease US$4.14 billion (2020)
Increase US$2.42 billion (2020)
Total assetsIncrease US$52.66 billion (2020)
Total equityIncrease US$15.37 billion (2020)
Owners
  • National Amusements (80% voting power)
  • Shari Redstone (20% voting power)[2]
Number of employees
22,109[3]
Divisions
  • CBS Entertainment Group
  • Paramount Domestic Media Networks
  • Paramount Networks International
  • Paramount Streaming
  • ViacomCBS Global Distribution
Subsidiaries
Websitewww.paramount.com

The company's main properties include the Paramount Pictures film and television studio, the CBS Entertainment Group (consisting of the CBS television network, television stations, and other CBS-branded assets), domestic networks (consisting of U.S.-based cable television networks including MTV, Nickelodeon, BET, Comedy Central, and Showtime), and the company's streaming services (including Paramount+ and Pluto TV). Paramount Global also has a dedicated international division that manages international versions of its networks, as well as region-specific assets like Telefe in Argentina and a 30% stake in the Rainbow S.p.A. studio in Italy.

References

  1. "SEC Filing - ViacomCBS Inc". ir.viacomcbs.com.
  2. Sherman, Alex (12 August 2020). "Sumner Redstone handed a media empire to his daughter, Shari, who now controls its fate". CNBC. Shari owns the other 20% through a separate trust.
  3. "ViacomCBS (VIAC)". Retrieved 26 February 2021.
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