Paramount Global is primarily controlled by National Amusements, a privately held American media company.
National Amusements maintains significant influence over Paramount Global, holding 9.7% of the equity but controlling a substantial 79.9% of the voting power. This structure grants National Amusements, which is owned by the Redstone family, effective control over the media conglomerate.
Understanding Paramount Global's Structure
Paramount Global, known for its extensive portfolio of media assets, including CBS, Paramount Pictures, MTV, Comedy Central, Nickelodeon, and Showtime, operates as a publicly traded company. However, the dual-class share structure allows National Amusements to exert dominant control despite not holding a majority of the company's equity.
This ownership model is common in media companies, where founding families or key stakeholders wish to retain strategic control while allowing for public investment.
Key Financial and Operational Details
Paramount Global is a major player in the entertainment industry, with a vast reach across film, television, and streaming services. Its headquarters are located in the vibrant media hub of New York City.
Here's a snapshot of some key figures:
| Aspect | Detail |
|---|---|
| Owner | National Amusements |
| Equity Held | 9.7% |
| Voting Power | 79.9% |
| Headquarters | One Astor Plaza, Midtown Manhattan, New York City |
| Total Assets | US$90.54 billion (2024) |
| Total Equity | US$63.53 billion (2024) |
For more comprehensive information about the company, you can visit the Paramount Global Wikipedia page.
Impact of Ownership
The controlling stake held by National Amusements means that strategic decisions, executive appointments, and long-term vision for Paramount Global are heavily influenced by the Redstone family and the National Amusements board. This centralized control can provide stability and a consistent direction, but it also means that the company's future is closely tied to the strategies and decisions of its majority voting shareholder.
