Paramount Global is a leading global media, streaming, and entertainment company that creates premium content and experiences for audiences worldwide. The company operates through three main segments: TV Media, Direct-to-Consumer, and Filmed Entertainment, offering a wide range of entertainment products and services . Paramount Global's offerings include broadcast operations, streaming services, and film production, catering to diverse audiences across the globe . The company is known for its popular brands like CBS, MTV, Nickelodeon, and Paramount Pictures .
- TV Media - Operates broadcast operations such as the CBS Television Network and domestic and international cable networks like MTV and Nickelodeon. Includes television studio operations and digital properties like CBS News Streaming and CBS Sports HQ.
- Direct-to-Consumer - Comprises domestic and international streaming services, including Paramount+, Pluto TV, and BET+. Showtime Networks' domestic premium subscription streaming service was discontinued as a standalone service for new subscribers in 2023 and will no longer be available after April 30, 2024.
- Filmed Entertainment - Encompasses film production through Paramount Pictures, Paramount Players, and Paramount Animation, along with other studios like Nickelodeon Studio and Miramax.
You might also like
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Brian Robbins Executive | President & CEO of Paramount Pictures and Nickelodeon | None | Leads Paramount Pictures and Nickelodeon. Oversaw box office hits like Top Gun: Maverick and Smile. Expanded franchises like Transformers and PAW Patrol. | |
Chris McCarthy Executive | President & CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks | None | Oversees Showtime, MTV, and Paramount Media Networks. Drove Paramount+ growth and expanded franchises like Yellowstone and 1923. Consolidated nine businesses into one portfolio. | |
Doretha (DeDe) Lea Executive | Executive Vice President, Global Public Policy and Government Relations | None | Oversees public policy and government relations. Extended employment through 2028. Previously held similar roles at Viacom and Belo Corp. | |
George Cheeks Executive | President & CEO of CBS | None | Leads CBS and oversees content for Paramount+. Previously held senior roles at NBCUniversal and Viacom. Maintained CBS as the most-watched broadcast network for 15 consecutive seasons. | |
Julia Phelps Executive | Executive Vice President, Chief Communications and Corporate Marketing Officer | None | Leads communications and marketing strategies. Previously held senior roles at Viacom, including EVP of Communications and Culture. | |
Nancy Phillips Executive | Executive Vice President, Chief People Officer | None | Oversees HR functions. Played a key role in the Viacom-CBS merger integration. Previously held HR leadership roles at Nielsen, Broadcom, and Hewlett-Packard. | |
Naveen Chopra Executive | Executive Vice President & Chief Financial Officer | None | CFO since 2020. Previously held CFO roles at Amazon Devices, Pandora Media, and TiVo. Key leader in financial reporting and compliance at Paramount. | |
Barbara M. Byrne Board | Director | Director at LanzaTech, Carta, and PowerSchool; Trustee at Institute of International Education | Financial expert with over 35 years in investment banking. Serves on multiple boards and advisory committees. | |
Linda M. Griego Board | Director | President & CEO of Griego Enterprises; Trustee at MLK Health and Wellness CDC and National Trust for Historic Preservation | Longtime director with experience in business management and public service. Previously served on boards of AECOM and American Funds. | |
Shari E. Redstone Board | Non-Executive Chair of the Board | President & CEO of National Amusements, Co-Founder of Advancit Capital, Trustee at Paley Center for Media and Dana Farber Cancer Institute | Chair of Paramount's Board since 2019. Leads National Amusements and co-founded Advancit Capital. Extensive experience in media and corporate governance. | |
Susan Schuman Board | Director | Executive Chair of SYPartners; Vice Chair of kyu Collective; Board member of Management Leadership for Tomorrow | Co-founder of SYPartners, specializing in business transformation. Serves on multiple advisory boards. |
-
With the planned reduction of approximately 15% of your U.S.-based workforce to achieve $500 million in annual run rate cost savings, how will you ensure that these cuts do not negatively impact your ability to produce best-in-class content and maintain competitiveness during the interim period before the Skydance transaction closes?
-
Given the exit from the Tving partnership in South Korea and your intention to explore strategic partnerships to accelerate profitability in international markets, can you elaborate on your specific plans for the international streaming footprint of Paramount+ and how these might impact both scale and profitability?
-
The recent $6 billion noncash goodwill impairment charge was attributed to declines in the linear affiliate marketplace and the valuation implied by the Skydance transaction; can you provide more detail on the specific indicators that led to this charge and how it affects your strategy for the cable network reporting unit?
-
As cord-cutting accelerates and more content shifts to streaming platforms like Paramount+, how do you plan to address concerns from CBS affiliates regarding the value they receive from national programming and the potential pressure to moderate or decline reverse compensation fees?
-
Considering that the Direct-to-Consumer segment was profitable in Q2 but is expected to incur losses in Q3 and Q4 due to content expenses and seasonality, what are the key factors that give you confidence in achieving Paramount+ domestic profitability in 2025 on a full-year basis, and what challenges could potentially impact this timeline?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Skydance Media, LLC | 2024 | Skydance’s acquisition by Paramount Global is structured as a two‐step deal where Skydance first acquires National Amusements, Inc. (NAI) for $2.4 billion in cash and then merges with Paramount Global to form “New Paramount” valued at $4.75 billion, with key elements including issuance of Class B shares at $15 each, a significant 45-day go-shop period, and planned closing in the first half of 2025. |
National Amusements, Inc. (NAI) | 2024 | The NAI acquisition involves the Skydance Investor Group acquiring NAI for $2.4 billion in cash as part of the broader merger, enabling the new entity to offer Paramount stockholders a cash/stock election with premiums of 48% and 28% for Class B and A shares respectively, aiming to stabilize profitability, invest in digital platforms, and finalize regulatory approvals by early 2025. |
Recent press releases and 8-K filings for PARA.
- Paramount generated $6.8 billion in Q2 revenue and $824 million in adjusted OIBDA, reflecting strong D2C segment performance and cost reduction initiatives.
- Direct-to-consumer revenue grew 15% to $2.2 billion; Paramount+ ended the quarter with 77.7 million subscribers (+9.3 million YOY) and ARPU up 9%, driving a $330 million revenue increase.
- TV Media revenue was $4.0 billion, with advertising down 4% and affiliate revenue down 7%, though total affiliate and subscription revenue rose 5%.
- Filmed Entertainment delivered $690 million in revenue (+2% YOY) with a $84 million adjusted OIBDA loss; Mission Impossible: The Final Reckoning set the franchise's biggest global opening.
- Paramount’s sale to Skydance is expected to close on August 7, 2025, marking this as the final earnings call under the current corporate structure.
- Paramount Gold Nevada Corp. obtained a two-year extension of its Conditional Use Permit and Sage Grouse Permit for the Grassy Mountain project at a Malheur County Planning Department meeting on July 23, 2025.
- CEO Rachel Goldman highlighted ongoing collaboration with federal and state agencies to advance through final permitting steps toward a construction decision.
- The Grassy Mountain Gold Project covers approximately 8,200 acres in Malheur County, Oregon, and benefits from a positive Feasibility Study and key permitting milestones already achieved.
- Paramount holds a 100% interest in three projects—Grassy Mountain, Sleeper, and Bald Peak—strengthening its U.S. precious metals development portfolio.
- The U.S. Bureau of Land Management now expects the draft Environmental Impact Statement (DEIS) for the Grassy Mountain Gold Project to be published in early August 2025, with an updated schedule to appear on the BLM’s e-planning and FAST-41 permitting dashboard.
- Following the public comment period, the final EIS and Record of Decision (ROD) are now projected to be released concurrently in December 2025.
- Paramount Gold Nevada holds a 100% interest in the Grassy Mountain project, where a positive Feasibility Study has been completed and key permitting milestones achieved.
- The Grassy Mountain project covers approximately 8,200 acres of private and BLM land in Malheur County, Oregon.
- All board‐sponsored proposals were approved, including the election of seven directors and equity plan amendments; the stockholder proposal on viewpoint inclusion was rejected.
- Paramount settled SEC campaign‐coverage investigations for $16 million, avoiding prolonged litigation and potential reputational risk.
- Direct‐to‐consumer growth: Paramount+ added 10 million subscribers, drove $6 billion in annual revenue (up 33% YoY) and delivered $1.2 billion of DTC profitability improvement in the last year.
- Advertising trends remain stable with no material macro impact; Paramount’s broad streaming + linear footprint and hit‐driven content mix support advertiser demand.
- Content synergy: Paramount+ originals boost CBS viewership and Paramount+ starts (led by NFL and Paramount Pictures films), while the extensive library fuels Pluto TV and licensing revenue.
- Paramount Global will cut 3.5% of its U.S. workforce, impacting several hundred employees, to streamline operations and prioritize investment in Paramount+.
- This follows a 15% workforce reduction last year aimed at trimming costs by $500 million to return to profitability.
- The layoffs coincide with efforts to secure regulatory approval for an $8.4 billion merger with Skydance Media, currently complicated by a lawsuit from former President Trump and FCC delays.
- As of end-2024, Paramount employed about 18,600 people globally; international layoffs may follow.
- Paramount CFO Naveen Chopra will become Roblox’s new CFO effective June 30, 2025.
- Chopra brings over 25 years of financial and strategic leadership in tech and media, including roles at Amazon, Pandora, and TiVo.
- Andrew Warren, Paramount’s strategic adviser and former Discovery Communications CFO, will serve as interim CFO following Chopra’s departure.
- The CFO transition coincides with Paramount’s $8 billion merger with Skydance Media remaining in limbo pending FCC approval.
- Naveen Chopra, the current CFO, will resign effective June 27, 2025, as he departs to pursue other opportunities.
- Andrew Warren will assume the role as Interim CFO and principal financial officer, leveraging his extensive financial leadership experience.
- Paramount Global chair Shari Redstone was diagnosed with thyroid cancer this spring and underwent surgery in May, with some cancer cells now treated via radiation; her prognosis is excellent and she remains active in her roles.
- The proposed $8 billion merger with Skydance Media, which would end the Redstone family’s controlling stake and potentially yield Shari Redstone over $2 billion, is stalled by FCC review delays and a lawsuit by former President Trump.
- Trump’s lawsuit against CBS accuses the network of deceptive editing of a “60 Minutes” interview and seeks more than $25 million, fueling internal unrest and complicating regulatory approval for the merger.
- Redstone is advocating for a settlement of the Trump lawsuit to facilitate merger approval—though this could trigger backlash from CBS News journalists—and tech billionaire Larry Ellison backs Skydance’s bid.
- Partnership with Bolt Financial to launch Checkout 2.0, an AI-driven, personalized ecommerce checkout system.
- Features include adaptive shopper profiles, intelligent payment rearrangement, optimized transaction routing, and built-in crypto payments.
- Leverages Bolt’s network of 80 million U.S. consumers to enhance real-time personalization.
- Announcement drove a notable stock price increase and higher trading volume, reflecting investor confidence.
- Paramount added Mary Boies, Charles Ryan, and Roanne Sragow Licht to its board, expanding it to seven ahead of the July 2 shareholder meeting.
- The planned $8.4 billion merger with Skydance Media remains stalled pending FCC approval.
- A $20 billion lawsuit by former President Donald Trump alleges deceptive editing by CBS News, complicating the merger review.
- The company took a $6 billion write-down on its cable television networks business amid ongoing traditional TV challenges.
- Outgoing board member Judith McHale is stepping down to reduce her professional commitments.