Paramount Global Cl B (PARA): Price and Financial Metrics
GET POWR RATINGS... FREE!
PARA Stock Price Chart Interactive Chart >
PARA Price/Volume Stats
|Current price||$20.14||52-week high||$39.21|
|Prev. close||$20.08||52-week low||$15.29|
|Day high||$20.45||Avg. volume||11,534,204|
|50-day MA||$18.79||Dividend yield||4.78%|
|200-day MA||$26.43||Market Cap||13.07B|
Paramount Global Cl B (PARA) Company Bio
Paramount Global, formerly known as ViacomCBS, creates television programs, motion pictures, short-form video, applications, games, consumer products, social media, and other entertainment content. It operates in two segments, Media Networks and Filmed Entertainment. The company was founded in 2006 and is based in New York, New York.
Most Popular Stories View All
PARA Latest News Stream
|Loading, please wait...|
PARA Latest Social Stream
View Full PARA Social Stream
Latest PARA News From Around the Web
Below are the latest news stories about PARAMOUNT GLOBAL that investors may wish to consider to help them evaluate PARA as an investment opportunity.
'The pendulum is certainly swinging back': Why Amazon plans to spend $1 billion making movies for theatrical release
The tech giant is planning to invest $1 billion to produce 12 to 15 movies a year (roughly on par with major studios like Paramount), according to a new report from Bloomberg.
Paramount+ today announced the #1 film of 2022, TOP GUN: MAVERICK, will be available to stream globally on the service beginning Thursday, Dec. 22 in the U.S. as well as in Canada, Australia, Germany, Switzerland, Austria, Italy and previously announced markets – the U.K. and Latin America. It will be available in South Korea and France in 2023.
Media company Paramount Global (NASDAQ:PARA) has reportedly dropped plans to appeal a court’s ruling that prevented the sale of its book publishing business, Simon & Schuster, to Penguin Random House. As a result of the deal's failure, Paramount is now looking for another potential buyer for its unit. On October 31, District Court Judge Florence Pan voted against the $2.2 billion-worth deal, as she believes that the combination of two major industry publishers would significantly affect competition. Interestingly, last November, the U.S. Justice Department sued to block the deal on antitrust issues, along with the argument that it would impact the authors’ bargaining power.
Paramount Global which owns the Simon & Schuster book-publishing unit, said in a federal filing Monday that it has terminated its agreement to sell Simon & Schuster to rival Penguin Random House. Paramount said that Simon & Schuster “remains a non-core asset” and that the publisher “does not fit strategically within Paramount’s broader portfolio,” suggesting Simon & Schuster eventually will go back on the sales block. In a letter to staff, Simon & Schuster CEO Jonathan Karp said that he had “no specific information to impart about what will happen in the coming months.”
Yahoo Finance Live reports on the dilution of Simon & Schuster's acquisition deal with Penguin Random House.
PARA Price Returns
|Ex-Dividend Date||Type||Payout Amount||Change|
|Loading, please wait...|