Paramount Global

Paramount Global
Paramount
FormerlyViacomCBS (2019–2022)
TypePublic
ISINUS92556H2067
Industry
Predecessors
FoundedDecember 4, 2019 (2019-12-04)
DefunctAugust 7, 2025 (2025-08-07)
FateMerged with Skydance Media to form Paramount Skydance Corporation
SuccessorParamount Skydance Corporation
HeadquartersOne Astor Plaza, ,
Area served
Worldwide (previously in Russia and Belarus until withdrawn in 2022, due to the Russian invasion of Ukraine)
Key people
Products
Services
RevenueDecrease US$29.2 billion (2024)
Decrease −US$5.3 billion (2024)
Decrease −US$6.2 billion (2024)
Total assetsDecrease US$46.2 billion (2024)
Total equityDecrease US$16.8 billion (2024)
OwnerNational Amusements (9.7% equity, 79.9% voting power)
Number of employees
18,600 (2024)
Divisions
SubsidiariesList of assets owned by Paramount Global
Websiteparamount.com
Footnotes

Paramount Global, traded and commonly known as Paramount, was an American multinational mass media and entertainment conglomerate controlled by National Amusements and headquartered at One Astor Plaza in Times Square, Midtown Manhattan. It was formed on December 4, 2019, as ViacomCBS, through the merger of the second incarnations of Viacom and CBS Corporation, which were split from the original Viacom in 2005. On February 16, 2022, ViacomCBS was renamed to Paramount.

Paramount's main properties included the namesake Paramount Pictures Corporation, the CBS Entertainment Group (consisting of the CBS television network and television stations as well as The CW and other CBS-branded assets), the BET Media Group (which oversees BET and its sister channels), Paramount Media Networks (consisting of locally-based cable television networks including MTV, Nickelodeon, Comedy Central, CMT, Paramount Network and Showtime) and Paramount Streaming (including Paramount+ and Pluto TV). It also had an international division that manages international versions of its cable networks, as well as region-specific assets including Argentina's Telefe, Chile's Chilevisión, the United Kingdom's 5 and Australia's Network 10. From 2011 to 2023, the division also owned a 30% stake in Rainbow S.p.A. of Italy. It also operated over 170 networks and reaches approximately 700 million subscribers in 180 countries.

On July 2, 2024, Skydance Media announced a three-way merger between it, Paramount, and National Amusements, to form Paramount Skydance. On July 24, the Federal Communications Commission approved the merger, which was closed on August 7.