Paramount is primarily owned by National Amusement (79.4% of Class A stocks and 3.8% of Class B stocks), which is the controlling shareholder of Paramount—followed by American investor Mario J. Gabelli, founder, chairman, and CEO of Gabelli Asset Management Company Investors (10.3% of Class A stocks). Paramount is a Media powerhouse comprising many media brands, which generated over $30 billion in revenue in 2022, consisting of brands like CBS, Paramount, Nickelodeon, MTV, Paramount+, Pluto TV, and many others.
Difference between Class A and Class B Stocks
- Class A Common Stock:
- Has voting rights, with each share entitled to one vote.
- Record holders of Class A Common Stock can vote at the Annual Meeting and any adjournment or postponement thereof.
- Class B Common Stock:
- Non-voting stock.
- Holders of Class B Common Stock are not entitled to vote at the Annual Meeting or any adjournment or postponement thereof.
- National Amusements is a privately-owned movie theater operator and mass media holding company, controlling shareholder of Paramount Global.
- Founded by Michael Redstone in 1936 as Northeast Theater Corporation and was renamed National Amusements in 1959.
- Acquired Viacom in 1986 and made several significant acquisitions, including Paramount Communications and Blockbuster Video.
- Split Viacom into two publicly traded companies in 2005: CBS Corporation and the new Viacom.
- In 2019, CBS Corporation and Viacom re-merged to form ViacomCBS, later renamed Paramount Global in 2022.
- As of 2022, National Amusements holds approximately 79.4% of the Class A common stock of Paramount Global.
Related To Paramount
Paramount Content Monetization