PARA - Paramount Global Class B Stock Price Quote - NASDAQ | Morningstar

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ViacomCBS Is Now Paramount; Maintaining $58 FVE and Narrow Moat

Senior Equity Analyst Neil Macker

Neil Macker, CFA Senior Equity Analyst

Business Strategy and Outlook

| Neil Macker, CFA | Feb 23, 2022

Formed via the reunion of Viacom and CBS, the rebranded Paramount derives a durable competitive advantage from the CBS broadcast network, a valuable portfolio of cable networks with worldwide carriage, production studios, and a now deeper content library. Given our overarching premise that the value of high-quality content will continue to increase, the production studios are among the most attractive assets of the reunited firm.

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Key Statistics PARA

Company Profile PARA

Business Description

Paramount Global is the rebranded recombination of CBS and Viacom that has created a media conglomerate with global scale. CBS contributed Showtime in addition to its television assets--the CBS television network, 28 local TV stations, and 50% of CW, a joint venture between CBS and WarnerMedia. Viacom brought several leading cable network properties, including Nickelodeon, MTV, BET, Comedy Central, VH1, CMT, and Paramount. Paramount Pictures produces original motion pictures and owns a library of 2,500 films, including the Mission: Impossible and Transformers series. Paramount operates a number of streaming services, most notably Paramount+ and Pluto TV.

Contact

1515 Broadway
New York, NY, 10036

T +1 212 258-6000

Sector Communication Services

Industry Entertainment

Most Recent Earnings Jun 30, 2022

Fiscal Year End Dec 31, 2022

Employees 22,965

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