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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.
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