Paramount Global, a film and television and streaming giant: Company resolution and official website domain name

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15 Oct 2025 02:53:42 PM
By:DN editor
Paramount Universal is an American multinational mass media company formed in 2019 by the merger of CBS and Viacom. Its businesses cover film production, television networks, streaming services and publishing.

Paramount Global is an American multinational mass media company formed in 2019 through the merger of CBS and Viacom. Its businesses span film production, television networks, streaming services, and publishing, including Paramount Pictures, CBS Television Network, Showtime, and Simon & Schuster. The company operates through four divisions: entertainment, cable networks, publishing, and local media. Its representative works include "Titanic" and "Mission Impossible."

Beginning in 2024, to counter competition from streaming, Paramount sought to merge its streaming business with Warner Bros. Discovery Channel, entering negotiations in July of that year. In August 2024, it announced a 15% workforce reduction in the United States and the closure of some television studios, with a cumulative cost reduction plan exceeding $2 billion. In January 2025, the streaming division achieved its first quarterly profit in three years. In August 2025, the merger with Skydance Media was completed, with the new company valued at $28 billion.

Paramount Global, a film and television and streaming giant: Company resolution and official website domain name

Paramount Worldwide, commonly known as Paramount, is an American mass media and entertainment conglomerate. The company is majority-owned by National Amusements and is headquartered at One Astor Place in Times Square in Midtown Manhattan, New York City. Paramount Worldwide was established on December 4, 2019, formerly known as ViacomCBS. ViacomCBS was formed through the merger of the second-generation CBS Corporation and the new Viacom, both of which were spun off from the old Viacom. The company adopted its current name on February 16, 2022.

Paramount's primary global assets include its eponymous film and television studio, Paramount Pictures, CBS Entertainment, Paramount Media Networks, and Paramount Streaming. Paramount Pictures owns film and television studios; CBS Entertainment controls the CBS television network and a portion of the CW Network, along with their television stations. It also owns BET Entertainment Group, which oversees channels such as BET and VH1, as well as other CBS-branded assets.

Paramount Media Networks is comprised of several US cable networks, including MTV, Nickelodeon, Comedy Central, CMT, the Paramount Channel, and Showtime.

Paramount Streaming owns Paramount+ and Pluto TV. Paramount also has an international division that manages its overseas television operations and assets, including Telefe in Argentina, Teles Chile in Chile, Channel 5 in the UK, and Network Ten in Australia. From 2011 to 2023, Paramount also held a 30% stake in Italy's Rainbow Studios.

As of 2019, the company operated over 170 networks, reaching approximately 700 million subscribers in 180 countries and territories.

Company Name: Paramount Global.

Official domain: paramount.com.

Domain created: October 29, 1993.

Country: United States.

Headquarters: New York, USA.

Founded: 2019.

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