Paramount (PARA)

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Paramount (PARA) - 2021 Q4 - Annual Report
2022-02-14 16:00
Subscriber Growth - Global streaming subscribers increased to 56.1 million, an 88% year-over-year growth[13] - Paramount+ reached 32.8 million global subscribers as of December 31, 2021[13] - Pluto TV surpassed $1 billion in revenue for the year and had 64.4 million global monthly active users, a 49% increase year-over-year[13] Revenue Breakdown - TV Entertainment accounted for approximately 44% of consolidated revenues in 2021[20] - Cable Networks contributed approximately 47% of consolidated revenues in 2021[20] - Filmed Entertainment represented about 9% of consolidated revenues in 2021[21] - In 2021, Cable Networks generated approximately 47% of CBS's consolidated revenues, with affiliate revenues accounting for 39% of total revenues in this segment[47] - Filmed Entertainment generated approximately 9% of consolidated revenues in 2021, 9% in 2020, and 11% in 2019[64] - In 2021, Filmed Entertainment licensing and other revenues accounted for approximately 92% of total revenues, while theatrical revenues accounted for 8%[64] Content and Programming - Paramount+ features over 2,000 live and on-demand soccer matches annually, including UEFA matches[28] - A Quiet Place Part II was a significant hit, launching in theaters and on Paramount+ after a 45-day theatrical window[14] - CBS Sports Network broadcasts a diverse slate of sports, including NCAA Division I Men's Basketball Tournament and NFL games, contributing to significant viewership[39] - CBS Studios produces a wide range of content, including popular series like NCIS and Blue Bloods, and maintains an extensive library of intellectual property, including the Star Trek universe[36] - CBS Media Ventures produces first-run syndicated programming, including popular shows like The Dr. Phil Show and Jeopardy![37] - Nickelodeon has been the number-one-rated advertising-supported basic cable network for 26 consecutive years among kids aged 2 to 11[52] - In 2021, Nickelodeon launched a licensing partnership with Melissa & Doug to deliver PAW Patrol and Blue's Clues and You! co-branded toys[52] - Nickelodeon Hotels & Resorts Riviera Maya opened in 2021 in partnership with Karisma Hotels & Resorts and Grupo Lomas[52] - Paramount Pictures has an extensive library of over 1,200 film titles and rights to nearly 2,900 additional films[65] - Paramount Animation co-produced The SpongeBob Movie: Sponge on the Run, which was digitally released in March 2021[67] Financial Activities - The company raised approximately $2.7 billion in net proceeds from public equity offerings in March 2021[18] - The company operates television stations that reach approximately 38% of all U.S. television households, attributed with reaching about 24% for purposes of the national ownership rule[98] - The company files annual, quarterly, and current reports with the SEC, which are available on its website and the SEC's website[120] - Material financial information is announced through SEC filings, press releases, and public conference calls, with an emphasis on transparency[121] International Expansion - The company launched Pluto TV in Italy and plans to expand to the Nordics in 2022[16] - CBS's international operations include extensions of Paramount+ and Pluto TV, expanding its global footprint in the media landscape[45] - ViacomCBS Networks International provides distribution and advertising solutions for partners across more than 180 countries[60] Diversity and Inclusion - As of December 31, 2021, approximately 49% of U.S. employees were female, and about 39% self-identified as part of a racial or ethnic minority group[85] - The company has set new goals for 2021 to accelerate performance on key diversity, equity, and inclusion (DE&I) objectives, including a target global hire and promotion rate for female Senior Vice Presidents and above[85] - The company has been recognized for its workplace culture, including being named a 2021 Most Loved Workplace by Newsweek and one of America's Best Employers for Diversity by Forbes[89] - The company sponsors eight active employee-led Employee Resource Groups (ERGs) with 53 chapters in 19 locations worldwide, with more than half of employees being members[85] Employee Engagement and Well-being - In 2021, the company launched its first global employee engagement survey, which was administered by an independent third party, to assess efforts around employee engagement, inclusion, and well-being[89] - The company launched a behavior-change app in 2021 to help employees manage stress and improve overall well-being[89] Legal and Regulatory Compliance - The company is subject to FCC regulations, which impose a maximum forfeiture penalty of approximately $445,445 per indecent or profane utterance, with a maximum exposure of about $4.1 million for any continuing violation[101] - The company has three pending renewal applications for its television broadcast licenses as of February 14, 2022, and will be filing applications for most remaining stations in 2022 and 2023[95] - The company is subject to complex laws and regulations regarding privacy and data protection, which may incur significant costs[109] Intellectual Property Protection - The company is actively engaged in protecting its intellectual property through various technologies and enforcement activities, including monitoring and litigation[109] - The ongoing challenge of piracy and the sophistication of infringing services continue to impact the company's ability to protect its intellectual property[110] - The company has had notable success with site-blocking efforts in various regions to combat piracy[109] - The company is involved in educational outreach to combat intellectual property infringement and enhance legal protections[110] Executive Leadership - The executive team includes Robert M. Bakish as President and CEO, Naveen Chopra as CFO, and other key positions filled by experienced professionals[111][112][113][114][115][116][117][118][119]
ViacomCBS Inc. (VIAC) Presents at UBS 2021 Global TMT Virtual Conference (Transcript)
2021-12-07 18:06
ViacomCBS Inc. (VIAC) UBS Global TMT Virtual Conference December 7, 2021 9:00 AM ET Company Participants Bob Bakish - CEO Conference Call Participants John Hodulik - UBS John Hodulik Good morning, everybody. I’m John Hodulik, Media and Telecom Analyst here at UBS. Welcome to day two of the UBS Global TMT Conference. Very pleased to announce that our morning keynote speaker today is Bob Bakish, the CEO of ViacomCBS. Bob, thanks for being here. Bob Bakish Hey, John. Thanks for having me. Great to be here. Que ...
Paramount (PARA) - 2021 Q3 - Earnings Call Transcript
2021-11-04 19:13
ViacomCBS Inc. (VIAC) Q3 2021 Earnings Conference Call November 4, 2021 8:30 AM ET Company Participants Anthony DiClemente - Executive Vice President, Investor Relations Bob Bakish - President and Chief Executive Officer Naveen Chopra - Chief Financial Officer Conference Call Participants Brett Feldman - Goldman Sachs Michael Morris - Guggenheim Partners Alexia Quadrani - JPMorgan Rich Greenfield - LightShed Partners John Hodulik - UBS Jessica Reif Ehrlich - Bank of America Securities Ben Swinburne - Morgan ...
Paramount (PARA) - 2021 Q3 - Quarterly Report
2021-11-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-09553 ViacomCBS Inc. (Exact name of registrant as specified in its charter) Delaware 04-2949533 (State or oth ...
ViacomCBS Inc. (VIAC) CEO Bob Bakish Presents at Goldman Sachs 30th Annual Communacopia Conference (Transcript)
2021-09-22 17:52
ViacomCBS Inc. (VIAC) Goldman Sachs 30th Annual Communacopia Conference September 22, 2021 10:30 AM ET Company Participants Bob Bakish - CEO Conference Call Participants Brett Feldman - Goldman Brett Feldman All right. Welcome back. I'm Brett Feldman, Goldman's US media analyst. It is my great pleasure to welcome back at Communacopia in our 30th year, Bob Bakish, CEO of ViacomCBS. Bob, thanks for spending some time with us this morning. Bob Bakish Great to be here, Brett, despite it being over video. Brett ...
ViacomCBS Inc. (VIAC) Management Presents at Bank of America Securities 2021 Media, Communications and Entertainment Conference (Transcript)
2021-09-14 18:59
ViacomCBS Inc. (VIAC) Bank of America Securities 2021 Media, Communications and Entertainment Conference September 14, 2021 11:15 AM ET Company Participants Naveen Chopra - Chief Financial Officer Conference Call Participants Jessica Reif Ehrlich - BofA Securities Jessica Reif Ehrlich Welcome back everybody. I'm Jessica Reif Ehrlich, Senior Media and Entertainment Analyst at BofA Securities. It's my pleasure to welcome Naveen Chopra, CFO of ViacomCBS. Naveen Chopra Hi, Jessica. Thanks for having us. Questi ...
Paramount (PARA) - 2021 Q2 - Quarterly Report
2021-08-04 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-09553 ViacomCBS Inc. (Exact name of registrant as specified in its charter) Delaware 04-2949533 (State or other ju ...
Paramount (PARA) - 2021 Q1 - Quarterly Report
2021-05-05 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-09553 ViacomCBS Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...
Paramount (PARA) - 2020 Q4 - Annual Report
2021-02-23 16:00
☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For fiscal year ended December 31, 2020 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-09553 ViacomCBS Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware ...
Paramount (PARA) - 2020 Q3 - Quarterly Report
2020-11-06 17:37
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-09553 ViacomCBS Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of i ...