The K-pop act will perform "Keep Swimmin' Through" at the Macy's Thanksgiving Day Parade on Nickelodeon and Pinkfong's Baby Shark float days after their new album drops.
ENHYPEN is making another big splash to extend their dominance beyond the K-pop, beauty and fashion scenes.
Following the news that the group was joining Cardi B, Offset, Lance Bass, Ashley Tisdale and more stars in the cast of Baby Shark’s Big Movie!, the septet teamed with Nickelodeon and The Pinkfong Company to launch a music video for a new single “Keep Swimmin’ Through” for the viral character’s first feature film.
In the visual aquatic extravaganza, ENHYPEN members Jungwon, Heeseung, Jake, Sunghoon, Jay, Sunoo and Ni-ki perform as both themselves and a boy band of beluga whales. The guys deliver inspiring, oceanic-themed lyrics (“So don’t give up when the tide turns against you, you know you got friends in the deep blue”) to the delight of Baby Shark and friends (with appearances by Mommy Shark, Daddy Shark and ENHYPEN superfan William).
After wrapping the U.S. leg of their Fate World Tour in October, ENHYPEN will return stateside to perform “Keep Swimmin’ Through” on Nickelodeon and Pinkfong’s Baby Shark float during the 97th Macy’s Thanksgiving Day Parade on Nov. 23. Nickelodeon described their display as a “25-foot-long Baby Shark balloon and an 18-foot-long float that showcases an underwater seascape featuring the lovable Shark family,” per a press release.
The new collaboration follows the previous Big Movie music video “It’s Stariana!” that introduced Tisdale’s singing starfish character Stariana. Actors like Aparna Nancherla, Ego Nwodim, and Chloe Fineman, plus Baby Shark series regulars like Kimiko Glenn, Luke Youngblood, Natasha Rothwell, Eric Edelstein, Debra Wilson and Patrick Warburton are also on hand for the flick.
ENHYPEN’s “Keep Swimmin’ Through” releases worldwide across streaming platforms tomorrow, Nov. 3. The song comes ahead of the group’s upcoming ORANGE BLOOD album, dropping on Nov. 17, which Jake recently told Billboard is “our best album to date.”
The video will appear across Nickelodeon platforms and stream on Paramount+ leading up to the winter premiere of Baby Shark’s Big Movie. Watch the exclusive premiere of “Keep Swimmin’ Through” below, courtesy of Billboard:
Baby Shark’s Big Movie will premiere this December on Nickelodeon and Paramount+.
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Paramount Global (NASDAQ: PARA, PARAA) today (November 2) announced financial results for the third quarter ended September 30, 2023. The full press release and other earnings material can be viewed on the Paramount investor relations website at ir.paramount.com. A audio replay of Paramount's earnings call will also be available to listen to once completed.
PARAMOUNT REPORTS Q3 2023 EARNINGS RESULTS
«Paramount+ Increased Revenue 61% and Reached More Than 63M Global Subscribers; Global ARPU Expanded 16%
«Global Viewing Hours Across Paramount+ and Pluto TV Grew 46%
«DTC Adjusted OIBDA Improved 31%; Company Now Forecasts DTC Losses Peaked in 2022
«Total Affiliate and Subscription Revenue Increased 14% as the Combination of Linear and Streaming Continues to Yield Growth; Total Company Revenue Grew 3%
STATEMENT FROM BOB BAKISH, PRESIDENT & CEO
"We continue to execute our strategy and prioritize prudent investment in streaming while maximizing the earnings of our traditional business. In Q3, we successfully grew Direct-to-Consumer revenue and Paramount+ subscribers while narrowing DTC losses over 30%. In fact, we now expect DTC losses in 2023 will be lower than in 2022 – meaning streaming investment peaked ahead of plan. Looking ahead, we remain on the path to achieving significant total company earnings growth in 2024."
DIRECT-TO-CONSUMER
OVERVIEW
Paramount continues to progress on the path to streaming scale and profitability. DTC remains on track to drive significant earnings improvement in 2024.
Q3 FINANCIALS
Revenue increased 38% year-over-year.
Subscription revenue grew 46% to $1.3B, driven by subscriber growth and pricing increases for Paramount+, and revenue from pay-per-view events.
Advertising revenue rose 18%, reflecting growth from Paramount+ and Pluto TV.
Global viewing hours across Paramount+ and Pluto TV grew 46%.
Paramount+ revenue grew 61%, driven by subscriber growth and increased advertising revenue.
Paramount+ subscribers reached more than 63M, with 2.7M net additions in the quarter.
Paramount+ global ARPU expanded 16% year-over-year.
Adjusted OIBDA improved 31% as higher revenue more than offset incremental costs to support the growth of Paramount+.
The company now forecasts full-year DTC losses in 2023 will be lower than in 2022, with DTC losses in Q4’23 similar to Q4’22.
TV MEDIA
OVERVIEW
TV Media contributed significant revenue and earnings, driven by the strong performance of CBS content spanning live sports, news, and entertainment. Notably, the NFL on CBS is delivering its best season viewership in years.
Q3 FINANCIALS
Revenue was $4.6B.
Affiliate and subscription revenue was substantially flat. Lower affiliate revenue was offset by revenue from pay-per-view events.
Advertising revenue decreased 14%, reflecting continued softness in the global advertising market and lower political advertising.
Licensing and other revenue decreased 12%, driven by lower revenue from original content produced for third parties. Content available for licensing was impacted by temporary production shutdowns as a result of labor strikes.
Adjusted OIBDA was over $1.1B equating to a 25% Adjusted OIBDA margin.
Adjusted OIBDA decreased 7%, reflecting the revenue decline, partially offset by lower costs for content and marketing.
FILMED ENTERTAINMENT
OVERVIEW
Filmed Entertainment continued to drive significant value across the company, including theatrical, streaming, and licensing. Q3 included the extensions of multiple popular franchises in Mission: Impossible – Dead Reckoning Part One, Teenage Mutant Ninja Turtles: Mutant Mayhem, and PAW Patrol: The Mighty Movie.
Q3 FINANCIALS
Revenue increased 14% year-over-year.
Theatrical revenue grew 63%, primarily driven by the releases of Mission: Impossible – Dead Reckoning Part One and Teenage Mutant Ninja Turtles: Mutant Mayhem.
Debut of PAW Patrol: The Mighty Movie drove consumption of the broader franchise, with the PAW Patrol library serving as a top engagement driver on Paramount+.
Licensing and other revenue decreased 7%, reflecting the prior year success of Top Gun: Maverick in the digital home entertainment market and lower revenue from studio rentals and production services as a result of labor strikes.
Adjusted OIBDA was a loss of $49M. The decrease from the prior year reflects the timing and mix of theatrical releases in each year as well as incremental costs incurred during production shutdowns and lower revenue from studio rentals and production services.
ABOUT PARAMOUNT
Paramount (NASDAQ: PARA; PARAA) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. The company holds one of the industry’s most extensive libraries of TV and film titles. In addition to offering innovative streaming services
and digital video products, Paramount provides powerful capabilities in production, distribution and advertising solutions.
For more information about Paramount, please visit www.paramount.com and follow @ParamountCo on social platforms.
PARA-IR
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Paramount+ was the #1 premium streaming service in U.S. signups in Q3 and since launch.
Stream a Mountain of Entertainment, including your Nickelodeon favorites on Paramount+! Try it FREE at ParamountPlus.com!
Rugrats, provided to Creators Syndicate by Nickelodeon, based off the popular animated television series has been created for children and family's to laugh and enjoy together.
Follow these comics and their take on real episodes of the show and their own spin on hilarious adventures.
PARAMOUNT GLOBAL BRINGS “A MOUNTAIN OF ENTERTAINMENT™” TO LAS VEGAS FOR SUPER BOWL LVIII
10 Brands Across Paramount Will Launch Four-Day Immersive Fan Activations Around CBS Sports’ Coverage of Super Bowl LVIII
Cross-Country Trek “Paramount Expedition Vegas: Journey to the Peak” Kicks Off 100 Days to Super Bowl LVIII on Nov. 3 from Times Square
Paramount Global, the broadcasting and streaming home of Super Bowl LVIII, will bring the media brand’s iconic “A Mountain of Entertainment” to Las Vegas, showcasing an unprecedented display of Paramount Global’s popular and beloved entertainment series and films that surrounds CBS Sports’ coverage of Super Bowl LVIII on Feb. 11, 2024. The four-day-long fan activation begins on Thursday, Feb. 8, 2024, and continues through Super Bowl Sunday. Super Bowl LVIII will be broadcast on CBS and streamed on Paramount+, along with a special kids and family slime-filled presentation on Nickelodeon.
This four-day “Paramount Mountain” activation will engage fans in the breadth and diversity of Paramount Global and feature 10 brands from across the company’s portfolio, including CBS, CBS Sports, Paramount+, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Pluto TV and Paramount Home Entertainment. In addition, the quintessential “Paramount Mountain” will be constructed on top of the iconic Mirage Volcano. The massive block-long structure along the Vegas strip will feature interactive fan experiences built around popular Paramount films and series, such as TRANSFORMERS, YELLOWSTONE, STAR TREK, DORA THE EXPLORER, GHOSTS, SISTAS, UEFA CHAMPIONS LEAGUE and much more.
At the “Paramount+ Lodge,” explorers can traverse through the various realms that embody Paramount’s flagship streaming service. Expeditioners also will have a chance to check out sneak peeks of Paramount Pictures’ highly anticipated films.
Those brave enough to summit “Paramount Mountain” will have the opportunity to reach its precipice through an immersive “FUNicular Experience.” Voyagers will board a hyper-realistic gondola ride and ascend in a thrilling simulation, accentuated by frigid winds and harrowing heights, with their favorite Paramount characters and brands to guide them to and from the Mountain’s peak. Paramount’s “Mountain of Entertainment,” will be located at The Mirage at 3400 South Las Vegas Blvd in Las Vegas.
“Paramount’s ‘Mountain of Entertainment’ in Las Vegas is an exciting, fan-focused physical manifestation of the expansive and popular content from across our portfolio of brands,” said Josh Line, executive vice president and chief brand officer for Paramount Global. “Our partnership with the NFL allows us to drive growth and engagement with our brands and creates the opportunity to display the power of Paramount’s broad and beloved hits across every genre at the biggest event in television: Super Bowl LVIII.”
PARAMOUNT EXPEDITION VEGAS: JOURNEY TO THE PEAK will commence on Nov. 3, marking 100 days until Super Bowl LVIII. CBS and Paramount will bring 100 Paramount Mountaineers to the heart of New York City in Times Square to begin their trek to the “Paramount Mountain” in Las Vegas for Super Bowl LVIII. CBS MORNINGS will help kick off the PARAMOUNT EXPEDITION VEGAS: JOURNEY TO THE PEAK, alongside the Paramount Mountaineers.
Paramount Mountaineers will travel across the country to gather fans and ultimately plant NFL team flags at the base of Paramount peak in advance of Super Bowl LVIII. Follow @CBS for updates on the adventures of the Paramount Mountaineers throughout PARAMOUNT EXPEDITION VEGAS: JOURNEY TO THE PEAK.
“CBS’ excitement for Super Bowl LVIII cannot be overstated – for television’s biggest and most-watched event of the year and the opportunity to showcase Paramount’s broad and diverse content offerings in fresh and innovative ways,” said Mike Benson, president and chief marketing officer for CBS. “Our efforts launched hours after last February’s Super Bowl with our CBS Sports’ ‘We Can’t Wait’ campaign, and as we prepare to commemorate the 100-day marker – and beyond – we’re continuing to harness the power of CBS and Paramount to attract a massive audience, across television and streaming, to what already promises to be another extraordinary cultural moment.”
About Paramount
Paramount Global (NASDAQ: PARA, PARAA) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, Paramount's portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. Paramount holds one of the industry's most extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution, and advertising solutions.
For more information about Paramount, please visit www.paramount.com and follow @ParamountCo on social platforms.
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It's OFFICIALLY #100DaysToSuperBowl 🙌🏈 and we took to #TimesSquare to CELEBRATE! 🎉 #ParamountPlus | Paramount Plus
Stream Super Bowl LVIII live February 11, 2024 on Paramount+. #shorts
Stream a Mountain of Entertainment, including your Nickelodeon favorites on Paramount+! Try it FREE at ParamountPlus.com!
Nate Wright from Big Nate has named Will Levis as NFL Slimetime's Week 8 Nickelodeon Valuable Player (NVP)! To celebrate, the Tennessee Titans Quarterback received a surprise sliming!
Join Television host Nate Burleson and Nickelodeon star Dylan Gilmer as the end zones become the “slime zones” and watch weekly NFL highlights like you’ve never seen them before. Catch NFL Slimetime, every Wednesday at 7:00 p.m. ET/PT on Nickelodeon, and Paramount+ the following day! Try Paramount+ for FREE at ParamountPlus.com.
If you're in the U.K. & Ireland, catch Nickelodeon Slimetime UK Saturdays at 12:00pm on Nickelodeon and Paramount+!
