Paramount Global is a prominent media, streaming, and entertainment company that produces and distributes a wide array of premium content to audiences around the world. The company operates through three primary segments: TV Media, Direct-to-Consumer, and Filmed Entertainment.
The TV Media segment encompasses CBS's broadcast operations, owned television stations, international free-to-air networks, and numerous cable networks such as Nickelodeon, MTV, Comedy Central, and BET. This segment also includes CBS Sports Network, which broadcasts live sports and related programming, as well as original content production.
The Direct-to-Consumer segment features the company's streaming services, both subscription-based and free. Paramount+ is a global subscription service offering on-demand and live content, including sports, news, and entertainment. Pluto TV is a free, ad-supported streaming service that offers curated live channels and on-demand content. Other streaming services in this segment include BET+ and Noggin. Continue reading...
The Filmed Entertainment segment is responsible for producing and acquiring films, series, and short-form content for global distribution and licensing. This segment includes entities such as Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studios, Awesomeness, and Miramax.
In 2023, the TV Media segment was the largest revenue generator for Paramount Global, contributing about 68% of the total revenues. The Direct-to-Consumer segment accounted for around 22%, while the Filmed Entertainment segment made up approximately 10%.
Paramount Global boasts a portfolio of iconic brands like CBS, Nickelodeon, MTV, and Paramount Pictures, known for their long-standing history of producing engaging content. The company is committed to diversity, equity, and inclusion, and has launched various initiatives to uphold these values.
The company operates in competitive markets, vying for creative talent, intellectual property, and audience share. Paramount Global also emphasizes environmental, social, and governance (ESG) initiatives, focusing on transparency and social impact.
Paramount employs around 21,900 full- and part-time employees worldwide and utilizes temporary employees as needed. They promote a culture of diversity and inclusion, supported by employee resource groups and mentorship programs.
The company is regulated by various laws, including FCC regulations for broadcast ownership, content, and transmission standards, as well as global data protection and privacy laws. Paramount Global is led by President and CEO Robert M. Bakish, who has over 30 years of experience in the media industry.