Paramount Global

Market Movers (8-K)

Paramount Global and Skydance Media have finalized their merger, becoming wholly-owned subsidiaries of the newly formed Paramount Skydance Corporation, leading to significant corporate restructuring and delisting of Paramount's original shares.
Capital raise
Paramount Global announced its second quarter 2025 earnings, highlighting continued progress in its streaming-first strategy with Direct-to-Consumer revenue growth outpacing linear declines, as the Skydance transactions are set to close.
Paramount Global announced the anticipated August 7, 2025 closing date for its merger with Skydance Media, along with blackout periods for employee 401(k) plans and deadlines for shareholder election of merger consideration.
Paramount Global announced the results of its 2025 Annual Meeting, confirming the re-election of all nominated directors and the approval of two key equity incentive plans, while a stockholder proposal regarding equal employment opportunity policy risks was not approved.
Paramount Global announced the resignation of CFO Naveen Chopra, effective June 27, 2025, and the appointment of Andrew C. Warren as Executive Vice President, Interim Chief Financial Officer.
Paramount Global entered into an amendment to its credit agreement, increasing the cap on unrestricted cash netted against consolidated indebtedness and modifying the definition of Consolidated EBITDA.

Quarterly Earnings (10-Q)

Paramount Global reported a significant return to profitability in the second quarter of 2025, driven by strong Paramount+ subscriber growth and higher theatrical revenues, as it continues to advance towards its merger with Skydance Media.
Capital raise
Better than expected
Paramount Global's Q1 2025 results show a net profit driven by cost reductions and streaming growth, although revenue declined due to the absence of a Super Bowl broadcast compared to the previous year.
Capital raise
Better than expected
Paramount Global's Q3 2024 results show a decrease in revenue and a net loss, impacted by strategic content rationalization and impairment charges, but also an increase in adjusted OIBDA driven by streaming growth.
Worse than expected
Capital raise
Paramount Global reported a substantial net loss for the second quarter of 2024, driven by a goodwill impairment charge and strategic programming changes, despite growth in streaming revenue.
Worse than expected
Capital raise
Paramount Global's first quarter 2024 results show a 6% revenue increase driven by the Super Bowl broadcast and growth in streaming subscribers, despite a net loss.
Worse than expected

Annual Reports (10-K)

Paramount Global files an amendment to its 2024 annual report, providing detailed information on directors, executive compensation, corporate governance, and related matters.
Paramount Global's annual report reveals a mixed performance with a Skydance merger on the horizon, aiming for a first-half 2025 close.
Worse than expected
Capital raise
Paramount Global's 10-K filing provides a comprehensive overview of its vast network of subsidiaries, financial performance, and strategic initiatives for the fiscal year ended December 31, 2023.
Worse than expected
Delay expected

Insider Trading (Form 4)

Paramount Global Director Roanne Sragow Licht was granted 16,340 Restricted Share Units, vesting by July 2026, as part of the company's equity plan for outside directors.
Paramount Global Director Susan Schuman was granted 16,340 Restricted Share Units as part of the company's equity plan for outside directors, vesting by July 2, 2026.
Paramount Global Director Charles E. Ryan was granted 16,340 Restricted Share Units as part of the company's equity plan for outside directors, vesting by July 2026.
Paramount Global Director Shari Redstone was granted 16,340 Restricted Share Units as part of the company's equity plan for outside directors.
Paramount Global director Linda M. Griego was granted 16,340 Restricted Share Units (RSUs) on July 2, 2025, as part of the company's equity plan for outside directors.
Barbara M. Byrne, a Director at Paramount Global, was granted 16,340 Restricted Share Units (RSUs) for no consideration, aligning her interests with shareholders.

Proxy Statements (Def-14A)

Paramount Global announces its 2025 Annual Meeting, highlighting a significant $1.2 billion improvement in direct-to-consumer profitability, robust subscriber growth for Paramount+, and strong performance across its film and broadcast divisions, while addressing executive transitions and proposed equity plan amendments.
Capital raise
Better than expected
Paramount Global and Skydance Media have entered into a definitive agreement to merge, pending stockholder approval and regulatory conditions, with an expected closing in the first half of 2025.
Capital raise
Paramount Global amends its proxy statement to reflect the departure of CEO Robert Bakish and the reduction of director nominees from seven to six for the upcoming annual meeting.
Paramount Global's annual stockholder meeting will be held virtually on June 4, 2024, featuring proposals including director elections, auditor ratification, incentive plan amendments, officer exculpation, and stockholder proposals on executive compensation and AI transparency.
Paramount Global's proxy statement outlines key proposals for the 2024 Annual Meeting, including officer exculpation and an increase in Class B common stock authorized for issuance under the long-term incentive plan.

Schedule 13D - Activist Investments

Gabelli entities, including GAMCO Investors, Inc., have fully divested their Class A Common Stock in Paramount Global following its acquisition by Skydance Corporation.
An investor group led by GAMCO Investors, Inc. updated its beneficial ownership in Paramount Global Class A Common Stock to 12.03%, disclosing a press release concerning the Skydance Media transaction.
A group of investment entities led by Mario Gabelli, collectively holding 12.03% of Paramount Global's Class A Common Stock, have elected to receive cash for their shares in the upcoming Skydance Media acquisition.
A group of investment entities led by GAMCO Investors, Inc. has increased its beneficial ownership in Paramount Global Class A Common Stock to 11.85%, driven by a legal initiative dubbed 'Operation Fishbowl' to ensure transparency in a potential share transaction.

Schedule 13G - Passive Investments

The Sumner M. Redstone National Amusements Part B General Trust has sold its equity interests in National Amusements, Inc., ceasing its control over the entity and its beneficial ownership of Paramount Global shares.
A group of entities affiliated with National Amusements, including the Sumner M. Redstone National Amusements Part B General Trust, have updated their beneficial ownership of Paramount Global Class A Common Stock, collectively holding 77.4% of the class.
BlackRock, Inc. has filed an amendment to its Schedule 13G, revealing a 6.5% beneficial ownership stake in Paramount Global Class B common stock as of December 31, 2024.
BlackRock, Inc. has filed an Amendment No. 11 to its Schedule 13G, disclosing a 6.5% beneficial ownership stake in Paramount Global Class B common stock as of December 31, 2024.