Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. As of the first quarter of 2022, it operates its business through the following segments: TV Media, Direct-to-Consumer and Filmed Entertainment. The TV Media segment consists of the historical TV Entertainment and Cable Networks segments, except that it no longer includes their corresponding direct-to-consumer streaming services (now part of the Direct-to-Consumer segment) as well as Nickelodeon Studio (now part of the Filmed Entertainment segment), and now includes Paramount Television Studios (formerly part of the historical Filmed Entertainment segment). The Direct-to-Consumer segment consists of a portfolio of pay, free and premium streaming services, including Paramount+, Pluto TV, SHOWTIME OTT, BET+ and Noggin. The Filmed Entertainment segment consists of the historical Filmed Entertainment segment, except that it no longer includes Paramount Television Studios (now part of the TV Media segment) and now includes Nickelodeon Studio (formerly part of the historical Cable Networks segment). The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.
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Last updated: Data provided by FactSet. This information does not constitute investment advice.
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