Paramount is an American diversified multinational mass media and entertainment corporation formerly known as ViacomCBS Inc. Learn the latest information and analysis on the company, PARA stock price today, stock news, how much one share costs and other information to help you make investment decisions.
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ViacomCBS changed its name to Paramount in February 2022, following the merger of ViacomCBS and Paramount in 2019. The new corporation owns networks including CBS, MTV, BET, Comedy Central, and others.
It is the owner of ViacomCBS Streaming, the leading free streaming television service in America. Paramount’s first quarter report shows a strong momentum in its streaming earnings, which is a good sign for the future.
The Paramount stock price of $32 it’s currently trading at (5/27/22) provides good value for the long term investment in a company that was around long before the new business models of entertainment came about and its recent restructuring should give it an additional boost. Warren Buffett’s fund Berkshire Hathaway bought 69 million shares in the first quarter of 2022, which says a lot about the quality of this business. The company’s fundamental valuation at current prices indicates significant upside potential.
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