Paramount Global (PARA) Research

Paramount Global is a prominent global media and entertainment company with extensive operations. It is a major producer and distributor of content, curating diverse programming for the CBS Television Network. This includes everything from popular primetime comedies and dramas, reality series, and special events, to children's shows, daytime and late-night programs, and game shows. Furthermore, it supplies a wide array of news, public affairs, sports, and general entertainment broadcasts, alongside syndicated talk shows, court shows, and newsmagazines. Its reach extends to the ownership and management of 29 local broadcast television stations. The company also operates CBS Sports Network, a dedicated 24-hour cable channel for sports enthusiasts, and offers various streaming and cable subscription services. A cornerstone of its digital offerings is Paramount+, its flagship subscription video-on-demand (SVOD) and live streaming platform. Paramount Global develops and acquires programming tailored for diverse media outlets, spanning subscription cable networks, streaming platforms, and both premium and basic cable channels. Beyond its television and streaming endeavors, the company is also deeply involved in the motion picture industry, developing, producing, financing, acquiring, and distributing feature films. Founded in 1986 and headquartered in New York City, the entity now known as Paramount Global officially adopted its current name in February 2022, having previously operated as ViacomCBS Inc. It functions as a subsidiary under National Amusements, Inc.

Market snapshot

Symbol
PARA
Price
$11.04
Day change
-6.04%
Market cap
$10.8B
P/E ratio
-10.91x
52-week range
9.95-13.59
Sector
Communication Services
Industry
Entertainment
Analyst price target
$15.89

Recent news

  • What The Latest Media Earnings Blitz Reveals About Hollywood's Future

    If there was a common message to be found in the flood of entertainment media company earnings reports over the last several days, one could argue it's that Hollywood appears to finally be done chasing streaming growth at all costs.

  • Paramount And Warner Bros. Discovery Combined Will Control 40% Of Acquired TV Viewing On Streaming.

    Reactions to the merger of Paramount and Warner. Bros Discovery (WBD) have focused on the impact on theatrical windows, severe job cuts, and the housing of CBS News and CNN under a single owner.

Peer companies

  • Array Digital Infrastructure, Inc. (AD)
  • AMC Entertainment Holdings, Inc. (AMC)
  • Endeavor Group Holdings, Inc. (EDR)
  • Lions Gate Entertainment Corp. (LGF-B)
  • The Liberty SiriusXM Group (LSXMK)
  • Lucky Strike Entertainment Corporation (LUCK)
  • World Wrestling Entertainment, Inc. (WWE)

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