Paramount Global (formerly known as ViacomCBS) is a leading multinational entertainment company with a vast portfolio that spans television, film, streaming services, and publishing.
Renowned for its contribution to global entertainment, Paramount owns some of the most iconic brands in the industry. From producing blockbuster movies to managing top television networks, Paramount Global has cemented its legacy as a powerhouse in media and entertainment.
Paramount’s commitment to innovative storytelling and viewer engagement keeps it at the forefront of the rapidly evolving entertainment landscape.
Who Owns Paramount?
Paramount Global is a publicly traded company listed on the NASDAQ under the ticker symbol PARA.
The Redstone family, through their holding company National Amusements, remains the controlling shareholder.
National Amusements has been instrumental in guiding the company’s strategic mergers, such as the unification of CBS and Viacom into the current Paramount Global entity.
Institutional investors like Vanguard Group and BlackRock also hold significant shares.
What Companies Does Paramount Own?
Paramount owns a wide array of subsidiaries and brands that cover every facet of the entertainment industry:
Paramount Pictures
Founded in 1912, Paramount Pictures is a legendary film studio responsible for producing blockbuster films such as Mission: Impossible, Transformers, and Top Gun.
It is a core part of Paramount’s strategy, delivering cinematic content for both traditional theaters and streaming platforms.
CBS
CBS is a major American television network offering news, sports, entertainment, and reality programming. With flagship content such as 60 Minutes and NCIS, CBS is one of the most-watched networks in the United States.
Its inclusion in the Paramount Global portfolio strengthens the company’s presence in broadcast television.
MTV
MTV is a cultural icon in music and youth-oriented programming. Known for pioneering music videos and reality TV shows like Jersey Shore and The Real World, MTV has evolved into a brand that resonates with a global audience.
Nickelodeon
Nickelodeon is a premier children’s television network with beloved franchises such as SpongeBob SquarePants and The Fairly OddParents.
Paramount leverages Nickelodeon to cater to family and younger demographics, expanding its reach in the children’s entertainment market.
BET (Black Entertainment Television)
BET focuses on content that celebrates Black culture and entertainment. It features original programming, movies, and music specials, making it a vital part of Paramount’s commitment to diversity and inclusion.
Comedy Central
Comedy Central is synonymous with satire and humor, boasting hit shows like South Park and The Daily Show.
Under Paramount, Comedy Central continues to create content that appeals to a wide audience, particularly younger adults.
Paramount+
Launched as a successor to CBS All Access, Paramount+ is Paramount Global’s flagship streaming platform.
It hosts movies, original series, sports, news, and live TV. The platform’s growth highlights Paramount’s focus on competing in the booming streaming market.
Showtime Networks
Showtime offers premium cable content, including critically acclaimed series like Billions and Dexter.
Its focus on adult-oriented programming complements Paramount’s wider portfolio.
Simon & Schuster
Simon & Schuster is one of the largest publishing companies in the world, producing a wide range of books across fiction, non-fiction, and children’s genres. This diversification adds depth to Paramount’s media offerings.
Pluto TV
Pluto TV is a free ad-supported streaming TV (FAST) service owned by Paramount.
It offers a diverse catalog of live TV channels and on-demand shows, giving Paramount a foothold in the ad-supported streaming market.
AwesomenessTV
AwesomenessTV specializes in content targeting Gen Z audiences. It produces digital-first shows and supports emerging creators.
This subsidiary is integral to Paramount’s strategy for appealing to younger demographics.
When Was Paramount Founded?
Paramount Pictures, the namesake of the parent company, was founded on May 8, 1912, by Adolph Zukor and others.
Over the years, it has grown from a small production house to a major player in global entertainment.
The broader modern-day Paramount Global entity was born out of the merger of CBS Corporation and Viacom in December 2019, although its history reflects decades of evolution in the media landscape.
Who Is the CEO of Paramount?
The current CEO of Paramount Global is Bob Bakish. Appointed in 2019, Bakish has been instrumental in the company’s global expansion and its shift toward streaming-oriented strategies.
He has overseen the successful growth of Paramount+, rebranding efforts, and the adaptation of Paramount’s business model to the digital age.
Where Is the Headquarters of Paramount?
Paramount Global’s headquarters is located in New York City, New York, United States.
Paramount Pictures, a subsidiary, has its headquarters in Hollywood, California. These strategic locations in major entertainment and business hubs give Paramount access to a vast talent pool and opportunities for collaboration across industries.
What Is the Annual Revenue of Paramount?
Paramount Global reported an annual revenue of approximately $28.86 billion in Q3 2024, driven by its diversified operations in television, film, and streaming.
The growth in its direct-to-consumer segment, led by Paramount+ and Pluto TV, contributed significantly to this performance.
How Many Employees Does Paramount Have?
Paramount employs around 23,990 people worldwide. Its workforce encompasses a variety of roles, including production, broadcasting, marketing, and technology.
This diversity in expertise and responsibility ensures that Paramount maintains its competitive edge in the entertainment industry.
Conclusion
Paramount Global is a titan in the entertainment world, with an impressive portfolio that includes Paramount Pictures, CBS, Nickelodeon, and Paramount+.
The company’s history, dating back to the early 20th century, reflects its ability to adapt and thrive amid industry changes. Guided by visionary leadership and supported by a global workforce, Paramount continues to produce groundbreaking content and deliver entertainment to audiences across all platforms.
Its impact on the entertainment industry is vast and enduring, setting the stage for continued success.
FAQs
How big is Paramount Company?
Paramount Global is a major entertainment conglomerate with an annual revenue of approximately $28.86 billion (as of 2024) and a worldwide workforce of around 23,990 employees. Its operations span film production, television broadcasting, streaming services, and publishing, making it one of the largest players in the industry.
What is Paramount famous for?
Paramount is renowned for its iconic film studio, Paramount Pictures, producing blockbuster franchises like Mission: Impossible and Transformers. It is also famous for its television networks such as CBS, Nickelodeon, and MTV, as well as its streaming platforms Paramount+ and Pluto TV.
What does Paramount do?
Paramount creates and delivers entertainment content across multiple mediums including film, television, and digital platforms. It operates major networks, produces movies, develops streaming services, and manages publishing through Simon & Schuster, reaching global audiences with diverse media offerings.