# Paramount Global

> American multinational mass media corporation

**Wikidata**: [Q76846862](https://www.wikidata.org/wiki/Q76846862)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Paramount_Global)  
**Source**: https://4ort.xyz/entity/paramount-global

## Summary
Paramount Global is an American multinational mass media corporation formed in 2019 that operates as a major entertainment conglomerate with subsidiaries including Paramount Pictures, CBS, MTV, Nickelodeon, and Simon & Schuster. The company is publicly traded on Nasdaq and is part of the S&P 500, with headquarters in New York City and operations spanning film, television, streaming, and publishing industries.

## Key Facts
- Official name: Paramount Global (formerly ViacomCBS)
- Formation date: December 4, 2019
- Type: Public company, multinational mass media corporation, media conglomerate
- Headquarters: New York City, United States
- Industry: Media industry, entertainment
- Stock exchange: Nasdaq, S&P 500
- Employees: 18,600
- Revenue: $28.586 billion (2022), $30.154 billion (2023)
- Net profit: $4.543 billion (2022), $1.104 billion (2023)
- Website: https://www.paramount.com/
- Former name: ViacomCBS
- Dissolved: August 7, 2025 (replaced by Paramount Skydance)
- Founded by: Sumner Redstone
- CEO: Robert Bakish (as of provided data)
- Parent organization: S&P 500
- Subsidiaries: Paramount Pictures, CBS, Simon & Schuster, Paramount Media Networks, Paramount Networks International, Bellator MMA, MTV Entertainment Studios, Paramount Animation, Paramount Streaming
- Predecessors: Viacom, CBS Corporation, Gulf and Western Industries
- Successor: Paramount Skydance
- Ownership: Controlled by Shari Redstone
- Operating locations: Worldwide through international divisions
- Major properties: MTV, Nickelodeon, Comedy Central, BET, Paramount+, Showtime, CMT, Logo TV
- Notable brands: Star Trek, Mission: Impossible, South Park, SpongeBob SquarePants
- Market cap: $27.812 billion (as of provided data)
- Library holdings: Extensive film and television content through subsidiaries like Miramax

## FAQs
**What companies merged to form Paramount Global?**
Paramount Global was formed through the merger of Viacom and CBS Corporation in December 2019. Both companies had previously existed as separate entities from 2005 to 2019 before reuniting to form ViacomCBS, which later became Paramount Global.

**What are the main subsidiaries and brands under Paramount Global?**
Paramount Global operates numerous subsidiaries including Paramount Pictures (film studio), CBS (broadcast network), Simon & Schuster (publishing), MTV, Nickelodeon, Comedy Central, BET, CMT, Showtime, Paramount+, Bellator MMA, and various other media networks and production studios.

**Where is Paramount Global headquartered and who controls it?**
Paramount Global is headquartered in New York City, United States, with additional offices including locations in Los Angeles. The company is controlled by Shari Redstone through her family's ownership stake in National Amusements.

**What happened to Paramount Global after 2025?**
Paramount Global was succeeded by Paramount Skydance on August 7, 2025, ending its existence as an independent entity. The company was dissolved and replaced by the new combined entity.

**What industries does Paramount Global operate in?**
Paramount Global operates across multiple entertainment sectors including film production and distribution through Paramount Pictures, television broadcasting through CBS, cable networks (MTV, Nickelodeon, Comedy Central), streaming services (Paramount+), publishing through Simon & Schuster, and live events through Bellator MMA.

**What is the financial performance of Paramount Global?**
Paramount Global reported revenues of approximately $28.586 billion in 2022 and $30.154 billion in 2023, with net profits of $4.543 billion and $1.104 billion respectively. The company employs approximately 18,600 people worldwide.

## Why It Matters
Paramount Global matters as one of the world's largest media conglomerates, wielding significant influence over global entertainment content and cultural narratives. The company's vast portfolio spans multiple media platforms from traditional television and film to digital streaming, reaching billions of viewers worldwide through iconic brands like Star Trek, Mission: Impossible, South Park, and SpongeBob SquarePants. Its predecessor companies, Viacom and CBS, have been foundational to American media for decades, and the 2019 merger created a formidable competitor in the streaming wars against Netflix, Disney+, and other platforms.

The company's significance extends beyond entertainment as it shapes public discourse through news programming via CBS News and influences popular culture through its diverse content offerings. As a publicly traded company in the S&P 500, Paramount Global impacts global financial markets and investor portfolios. The company's transition to streaming-focused content delivery represents a critical shift in how audiences consume media, making it a key player in the ongoing transformation of the entertainment industry. Additionally, its publishing arm through Simon & Schuster contributes to literary culture and intellectual discourse.

## Notable For
- Operating one of the "Big Four" American broadcast television networks through CBS
- Owning the historic Paramount Pictures film studio, founded in 1912
- Publishing through Simon & Schuster, one of the "Big Five" publishing houses
- Producing iconic television franchises including Star Trek, which has spanned over 50 years
- Operating multiple globally recognized cable networks including MTV, Nickelodeon, and Comedy Central
- Creating the streaming service Paramount+ to compete in the digital entertainment space
- Owning the Mission: Impossible film franchise, one of Hollywood's most enduring action series
- Producing South Park, one of the longest-running and most influential animated series
- Operating Bellator MMA, a major mixed martial arts promotion company
- Maintaining the largest library of content among major media companies through its various subsidiaries
- Successfully merging Viacom and CBS, two historically significant media entities
- Being controlled by the Redstone family, one of the most influential families in media ownership

## Body
### History and Formation
Paramount Global was officially formed on December 4, 2019, through the merger of Viacom and CBS Corporation, two major media companies that had previously been part of the same entity before separating in 2005. The roots of the company trace back to Gulf and Western Industries, which acquired Paramount Pictures in 1966 and later expanded into television through the acquisition of various networks. The modern iteration of the company was created under the leadership of Sumner Redstone, who founded the predecessor companies and built them into media powerhouses.

The merger reunited the two companies that had operated independently since 2005, when Viacom (containing MTV, Nickelodeon, Comedy Central, and Paramount Pictures) and CBS Corporation (containing the CBS broadcast network, Showtime, and various other properties) were split apart. This reunion was orchestrated to better compete in the rapidly evolving media landscape dominated by streaming services and digital content consumption.

### Corporate Structure and Leadership
Paramount Global operated as a publicly traded company listed on Nasdaq and was part of the S&P 500 index. The company was controlled by the Redstone family through their ownership of National Amusements, with Shari Redstone serving as Chairwoman of the Board. Robert Bakish served as CEO during the company's existence. The corporate structure included multiple divisions and subsidiaries that operated semi-autonomously while contributing to the overall corporate strategy.

The company employed approximately 18,600 people worldwide and maintained headquarters in New York City at locations including One Astor Plaza. Additional major offices were located in Los Angeles, where many of the entertainment properties were produced and managed.

### Subsidiaries and Brands
Paramount Global owned and operated numerous subsidiaries across various entertainment sectors. Paramount Pictures, founded in 1912, served as the company's flagship film studio, producing and distributing major motion pictures. CBS, founded in 1927, operated as one of the four major American broadcast television networks. Simon & Schuster, founded in 1924, functioned as one of the largest book publishers in the world.

The company's media networks division included MTV, Nickelodeon, Comedy Central, BET, CMT, and other cable channels that reached audiences worldwide. These networks produced original programming and served as platforms for both entertainment and cultural influence. The company also operated Paramount+, its primary streaming service that competed directly with Netflix, Disney+, and other streaming platforms.

### Financial Performance and Market Position
During its existence from 2019 to 2025, Paramount Global reported substantial revenues, with figures reaching $30.154 billion in 2023. The company's financial performance fluctuated with market conditions and the transition toward streaming services. Net profits varied significantly, with $4.543 billion in 2022 but declining to $1.104 billion in 2023, reflecting the challenges of transitioning traditional media businesses to digital platforms.

The company's market capitalization reached $27.812 billion, positioning it among the major players in the global media industry. As a component of the S&P 500, the company's performance influenced broader market indices and attracted institutional and retail investors.

### Content Portfolio and Intellectual Properties
Paramount Global possessed one of the most extensive content libraries in the entertainment industry, accumulated through decades of production and acquisition. The company owned iconic franchises including Star Trek, which began in 1966 and continued to generate new content and revenue streams. The Mission: Impossible film series, featuring Tom Cruise, represented one of Hollywood's most enduring action franchises.

Television properties included South Park, which has been continuously produced since 1997 and remains culturally relevant. Nickelodeon's portfolio featured SpongeBob SquarePants, one of the most successful animated characters in television history. The company's content spanned multiple genres and demographics, allowing it to maintain broad audience appeal across different platforms and markets.

### International Operations
Through Paramount Networks International and other divisions, the company operated television networks and content distribution in numerous countries worldwide. The international presence included local adaptations of popular formats and original content produced for specific markets. The company's global reach extended its influence beyond American audiences and contributed significantly to its overall revenue.

International operations faced varying regulatory environments and competitive landscapes, requiring adaptation of content and business strategies to local markets. The company's international divisions worked to maintain brand consistency while respecting cultural differences and local preferences.

### Streaming and Digital Strategy
Paramount+ represented the company's primary response to the streaming revolution led by Netflix and other digital platforms. The service aggregated content from across the company's various properties, including exclusive originals and classic library content. The platform competed directly with other major streaming services for subscriber growth and market share.

The digital strategy encompassed not only streaming but also digital distribution of traditional content, social media engagement, and direct-to-consumer initiatives. The company invested heavily in original programming for its streaming platforms to differentiate from competitors and justify subscription costs.

### Succession and Dissolution
On August 7, 2025, Paramount Global was dissolved and succeeded by Paramount Skydance, a new entity formed through a combination with Skydance Media. This transition marked the end of the company as an independent entity and represented a significant shift in ownership and strategic direction. The dissolution was part of broader changes in the media industry as companies sought new partnerships and funding to compete in the streaming era.

The transition to Paramount Skydance involved changes in management, strategic priorities, and potentially the divestiture of certain assets. The new entity inherited Paramount Global's extensive content library and operational infrastructure while pursuing different strategic objectives under new ownership.

## References

1. [Source](https://www.lobbyfacts.eu/datacard/paramount-global?rid=523612117906-56)
2. [Source](https://web.archive.org/web/20250116160745/https://copyrightalliance.org/about/who-we-represent/)
3. [Source](https://www.hollywoodreporter.com/news/cbs-viacom-strike-deal-recombine-1075545)
4. MusicBrainz
5. Global LEI Index
6. [Source](https://www.sec.gov/Archives/edgar/data/0000813828/000081382823000005/para-20221231.htm)
7. [Form 10-K. 2010](https://www.sec.gov/Archives/edgar/data/0000813828/000104746910001402/a2196637z10-k.htm)
8. [Form 10-K. 2011](https://www.sec.gov/Archives/edgar/data/0000813828/000104746911001419/a2202111z10-k.htm)
9. [Form 10-K. 2012](https://www.sec.gov/Archives/edgar/data/0000813828/000104746912001373/a2207377z10-k.htm)
10. [Form 10-K. 2013](https://www.sec.gov/Archives/edgar/data/0000813828/000104746913001192/a2212776z10-k.htm)
11. [Form 10-K. 2014](https://www.sec.gov/Archives/edgar/data/0000813828/000104746914000934/a2218239z10-k.htm)
12. [Form 10-K. 2015](https://www.sec.gov/Archives/edgar/data/0000813828/000081382815000009/cbs_10k-123114.htm)
13. [Form 10-K. 2018](https://www.sec.gov/Archives/edgar/data/0000813828/000081382818000049/cbs_8k-110218.htm)
14. [Form 10-K. 2019](https://www.sec.gov/Archives/edgar/data/0000813828/000081382819000006/cbs_10k-123118.htm)
15. [Form 10-K. 2020](https://www.sec.gov/Archives/edgar/data/0000813828/000081382820000013/a2019k.htm)
16. [Form 10-K. 2021](https://www.sec.gov/Archives/edgar/data/0000813828/000081382821000005/viac-20201231.htm)
17. [Form 10-K. 2022](https://www.sec.gov/Archives/edgar/data/0000813828/000081382822000005/viac-20211231.htm)
18. [Form 10-K. 2023](https://www.sec.gov/Archives/edgar/data/0000813828/000081382823000005/para-20221231.htm)
19. EU Transparency Register
20. Carnegie Hall linked open data
21. [Source](https://brickipedia.fandom.com/wiki/ViacomCBS?oldid=2062060)
22. [ViacomCBS | Logopedia | Fandom](https://logos.fandom.com/wiki/ViacomCBS)
23. YouTube API
24. [Careers at Paramount](https://careers.paramount.com/)