Paramount Global 
National Amusements 
Advancit Capital 
Paramount Global disclosed on Friday that it will pay $122.5 million to settle lawsuits from Viacom shareholders arising from the company's merger with CBS.In a securities filing, the company revealed that it has agreed to settle the class action litigation now pending in the Delaware Court of Chancery. The settlement still requires judicial approval.The plaintiffs had alleged that Paramount Global's chairwoman, Shari Redstone, ousted board members in a "tyrannical" effort to merge the two companies. The suit alleged that CBS...
Paramount Global
Shari
Redstone
Chairman
Redstone announced in February that ViacomCBS — the product of the 2019 re-merger of CBS Corp. and Viacom — was changing its name to Paramout Global, kicking off a new rebranding that aligned the company with the cinematic past of its 110-year-old movie studio as well as streamer Paramount+. The Paramount studio started 2022 with four No. 1 box-office hits (“The Lost City,” “Sonic the Hedgehog 2,” “Scream,” “Jackass Forever”) then struck gold with “Top Gun: Maverick,” which grossed $1.5 billion worldwide. Meanwhile, CBS reigned as the No. 1 broadcast network for the 14th year running while Paramount show “Yellowstone” was No. 1 on cable again.
