ViacomCBS renamed as Paramount

[marvel44]

ViacomCBS will change its corporate name to Paramount as of Feb. 16, calling the move an effort to adopt “an iconic global name” to reflect the conglomerate’s increasingly worldwide focus.

The company’s shares will trade on the NASDAQ index under the ticker symbol PARA (for Class B common shares), PARAA (for Class A common), and PARAP (for Class A preferred).

The moniker makeover was announced Tuesday by ViacomCBS chair Shari Redstone and president-CEO Bob Bakish in a memo to staffers. The news came the same day that ViacomCBS hosted a nearly three-hour investor presentation to tout its global streaming strategy and plans for expanding the Paramount Plus streaming service and other businesses in the U.S. and abroad.

Goodbye Viacom and CBS: ViacomCBS Changes Corporate Name to Paramount

ViacomCBS will change its corporate name to Paramount as of Feb. 16, calling it an 'iconic global name' for a worldwide audience.

variety.com

 

[Aksgr]

Viacomcbs the newly merged entity is going to rebrand itself to a new name paramount network.
This will bring all ViacomCBS channels and investment under one roof .

https://twitter.com/x/status/1493697487659573252

Source

 

[Raju lal]

Very good decision. Like Disney, Sony etc they should have a simple & universal company name.

 

[CloudCraze]

ViacomCBS will change its corporate name to Paramount as of Feb. 16, calling the move an effort to adopt “an iconic global name” to reflect the conglomerate’s increasingly worldwide focus.

The company’s shares will trade on the NASDAQ index under the ticker symbol PARA (for Class B common shares), PARAA (for Class A common), and PARAP (for Class A preferred).

The moniker makeover was announced Tuesday by ViacomCBS chair Shari Redstone and president-CEO Bob Bakish in a memo to staffers. The news came the same day that ViacomCBS hosted a nearly three-hour investor presentation to tout its global streaming strategy and plans for expanding the Paramount Plus streaming service and other businesses in the U.S. and abroad.

Goodbye Viacom and CBS: ViacomCBS Changes Corporate Name to Paramount

ViacomCBS will change its corporate name to Paramount as of Feb. 16, calling it an 'iconic global name' for a worldwide audience.

variety.com

Will Viacom's networks across all countries be renamed? Then Viacom 18 will no longer exist. Either it will remain under the corporate name of "TV 18", or it may be renamed "Paramount 18".

 

[MaxxNic]

Viacomcbs the newly merged entity is going to rebrand itself to a new name paramount network.
This will bring all ViacomCBS channels and investment under one roof .

https://twitter.com/x/status/1493697487659573252

Source

Not paramount Network .

it's Paramount Global or simply Paramount .

ps- Fix the title

 

[marvel44]

Shares of ViacomCBS are down more than 20% in early trading as Wall Street digests the company’s streaming strategy, outlook and financials announced after the market closed Tuesday, and clearly has some issues.

The company, which is changing its name to Paramount, has its supporters. Guggenheim reiterated a ‘buy’ rating but lowered its 12-month price target to $40 from our prior $53 based on a sum of the parts valuation that separates the streaming and traditional media business. BoFA cut its rating to ‘neutral’ on risk (with a price target of $39). The stock is changing hands at about $30, approaching its $52-week low after forecasting subscriber and revenue growth, but also steep content spending and operating losses at its ramped up DTC business over the next few years.

ViacomCBS Shares Tumble Nearly 20% Day After Paramount Rebrand, Streaming Outlook – Update

ViacomCBS stock is down a hefty 16% % in early trading as Wall Street digests the company's streaming strategy and outlook.

deadline.com

Not a start they would have wanted. Running multiple streaming services isn't anyway ideal for them.

 

[Aiscat]

Finally, the Viacom name is a thing of the past.

 

[Aksgr]

viacom18 not updating their name to paramount18 is a sign of disinvestment from paramount global ?

 

[Ashok Varma]

viacom18 not updating their name to paramount18 is a sign of disinvestment from paramount global ?

I think they will continue with TV18.