Paramount Global
Paramount Global (doing business as Paramount, formerly as ViacomCBS) is an American multinational mass media and entertainment conglomerate controlled by National Amusements and headquartered at One Astor Plaza in Midtown Manhattan in New York City. The company was formed on December 4, 2019, as ViacomCBS Inc. through the merger of the second incarnations of CBS Corporation and Viacom (which were split from the original Viacom on December 31, 2005). The company changed its name to Paramount Global on February 16, 2022, the day after its Q4 earnings presentation.
Logo used since 2022 | |
Paramount | |
Formerly | ViacomCBS Inc. (2019–2022) |
Company type | Public |
ISIN | US92556H2067 |
Industry | |
Predecessors | |
Founded | December 4, 2019 |
Headquarters | One Astor Plaza, Manhattan, New York City, U.S. |
Area served | Worldwide |
Key people | |
Products | |
Services | |
Revenue | US$30.15 billion (2022) |
US$2.342 billion (2022) | |
US$1.104 billion (2022) | |
Total assets | US$58.39 billion (2022) |
Total equity | US$23.04 billion (2022) |
Owner | National Amusements (9.7% equity, 79.9% voting power) |
Number of employees | 24,500 (December 2022) |
Divisions | |
Subsidiaries | List of assets owned by Paramount Global |
Website | paramount |
Footnotes / references |
Paramount's main properties include the namesake Paramount Pictures film and television studio, the CBS Entertainment Group (consisting of the CBS television network, television stations, BET Networks, (who owns the BET and VH1 channels, among others), and other CBS-branded assets), media networks (consisting of U.S.-based cable television networks including MTV, Nickelodeon, Comedy Central, CMT, Paramount Network, and Showtime) and the company's streaming services (including Paramount+ and Pluto TV). It also has an international division that manages international versions of its pay TV networks, as well as region-specific assets including Argentina's Telefe, Chile's Chilevisión, India's Colors, the United Kingdom's Channel 5, and Australia's Network 10. Between 2011 and 2023, the division also owned a 30% stake in the Rainbow S.p.A. studio.
As of 2019, the company operates over 170 networks and reaches approximately 700 million subscribers in 180 countries.