Company Directory - Paramount Pictures Corporation
Company Details - Paramount Pictures Corporation
Paramount Pictures Corporation
WebsiteLos Angeles, United States
Paramount Pictures Corporation is an American film studio and television production company known for producing and distributing movies and TV shows. It is one of the oldest and most iconic film studios in the world, recognized for its distinctive mountain logo and long history in Hollywood.
CCI Score
CCI Score: Paramount Pictures Corporation
-49.18
0.03%
Latest Event
Paramount DEI Rollback Sparks Employee Outcry
Paramount rolled back its Diversity, Equity, and Inclusion initiatives, including ending aspirational hiring goals and removing DEI factors from employee compensation plans, prompting employees to criticize the decision as undermining commitments to equity and worker rights. The decision, justified by referencing Trump administration executive orders, follows earlier layoffs affecting underrepresented groups.
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QUISLING
Paramount Pictures Corporation is currently rated as a Quisling.
Latest Events
- MAR052025
Paramount rolled back its Diversity, Equity, and Inclusion initiatives, including ending aspirational hiring goals and removing DEI factors from employee compensation plans, prompting employees to criticize the decision as undermining commitments to equity and worker rights. The decision, justified by referencing Trump administration executive orders, follows earlier layoffs affecting underrepresented groups.
-50
Executive Political Engagement
April 3
Paramount co-CEOs signed a memo citing Trump administration executive orders as justification for rolling back DEI initiatives. This alignment with controversial political directives undermines progressive leadership and signals deference to authoritarian pressures.
-80
Labor Relations and Human Rights Practices
April 3
By abandoning its DEI policies and aspirational hiring goals, Paramount undermines its commitment to labor rights and human rights practices. The rollback not only disregards the interests of diverse employees but also compounds the negative impact of recent layoffs on underrepresented groups.
- FEB272025
Paramount Pictures Corporation announced it is ending several diversity, equity, and inclusion policies in compliance with President Trump's executive order, marking a shift away from long-standing DEI initiatives that previously supported inclusive and ethical business practices. This move raises concerns about the company's alignment with authoritarian directives and potential disregard for worker rights and social responsibility.
-40
Public and Political Behavior
March 23
The decision to end DEI policies under pressure from an executive order demonstrates a troubling alignment with authoritarian political mandates. By abandoning initiatives that promote diversity and inclusion, Paramount diminishes its commitment to fair public engagement and active resistance against discriminatory political interference.
-50
Business Practices and Ethical Responsibility
March 23
By discontinuing DEI programs, Paramount undermines its ethical obligations towards equitable workplace practices and labor rights. This policy reversal erodes the company's historical commitments to diversity and inclusion, aligning corporate practices with an authoritarian framework that prioritizes compliance with politically charged directives over ethical business standards.
- FEB272025
Paramount Global announced the cessation of its diversity, equity, and inclusion policies in compliance with President Trump's executive order, effectively rolling back initiatives that had supported inclusivity and protection for marginalized employees.
-80
Executive Political Engagement
April 3
The decision explicitly cites Trump’s executive order and federal mandates, aligning corporate leadership with authoritarian political directives. This executive action undermines democratic inclusivity and sends a negative signal regarding the commitment to progressive values.
Paramount ends DEI policies, cites Trump executive order - NBC News
-70
Labor Relations and Human Rights Practices
April 3
Rolling back DEI initiatives weakens protections for marginalized groups and diminishes the company’s commitment to fair labor practices and human rights, undermining the progressive norms necessary for inclusive workplace culture.
Paramount ends DEI policies, cites Trump executive order - NBC News
- FEB272025
Paramount announced the elimination of staffing goals tied to race, ethnicity, sex and gender, and ceased collecting diversity data from US job applicants, a move made in response to an executive order signed by Donald Trump.
-60
Public and Political Behavior
April 3
By rolling back DEI policies following Trump’s executive order, Paramount demonstrates an alignment with an authoritarian agenda and undermines commitments to inclusivity, thereby negatively affecting public political behavior.
Paramount rolls back DEI policies following Trump order - PinkNews
-80
Labor Relations and Human Rights Practices
April 3
The rollback of DEI initiatives — including the removal of staffing goals based on race, ethnicity, sex, and gender, along with stopping the collection of diversity data — significantly undermines efforts to protect worker rights and promote fair labor practices for marginalized groups.
Paramount rolls back DEI policies following Trump order - PinkNews
- FEB262025
Paramount Pictures announced the rollback of key DEI policies, including the elimination of hiring goals based on race, ethnicity, sex, and gender, and will stop collecting diversity data from most U.S. job applicants. The changes, detailed in an internal memo and spurred by compliance with a Trump administration executive order and regulatory pressures amid a proposed merger review, mark a retreat from proactive diversity initiatives.
-60
Executive Political Engagement
April 3
Paramount’s decision to rollback DEI policies in response to a Trump order reflects a troubling instance of corporate acquiescence to authoritarian directives. By aligning its internal policies with an executive mandate that undermines inclusivity, the company signals a retreat from actively supporting progressive, worker-empowering initiatives.
Paramount Rolls Back DEI Policies Amid Trump Order - The Hollywood Reporter
-70
Labor Relations and Human Rights Practices
April 3
The rollback of diversity-driven hiring goals and the cessation of collecting inclusive workforce data represent a significant step back in supporting labor rights and human inclusivity. These policy shifts undermine protections for marginalized employees, reflecting a broader pattern of compliance with anti-DEI directives that can harm workplace equity.
Paramount Rolls Back DEI Policies Amid Trump Order - The Hollywood Reporter
- FEB192025
Paramount Global is embroiled in a multifaceted controversy involving a politically charged lawsuit initiated by President Trump against CBS, investor lawsuits, and challenges surrounding its planned $8 billion sale transaction. The company has emphasized that the lawsuit is separate from the sale, while internal corporate governance issues and allegations of preferential treatment cast a shadow over its business practices.
+40
Public and Political Behavior
April 3
Paramount Global has clearly distanced its core transaction strategy from politically motivated legal attacks, notably President Trump’s lawsuit against CBS. By asserting that the lawsuit is separate from its sale negotiations and committing to legal due process, the company demonstrates a stance that resists authoritarian interference and upholds democratic legal norms.
Paramount Battles Trump Politics and Investor Suits. Is the Sale to Skydance in Peril?
-30
Business Practices and Ethical Responsibility
April 3
Allegations have surfaced that Paramount’s dealmaking, including its reliance on a dual-class stock structure and board control by the Redstone family, may have been manipulated to favor controlling shareholders at the expense of other investors. This raises serious concerns about transparency and ethical business practices within the company.
Paramount Battles Trump Politics and Investor Suits. Is the Sale to Skydance in Peril?
- FEB062025
OpenSecrets has released data detailing the contributions made by the Paramount Global PAC to various political action committees and party committees during the 2023-2024 election cycle. This event highlights the company's use of corporate political funds and raises questions about its influence on the electoral process.
-40
Political Contributions and Lobbying Efforts
April 3
The reported political contributions by the Paramount Global PAC, as documented by OpenSecrets, demonstrate the use of corporate funding to exert influence over political processes. From an anti-authoritarian perspective, such contributions risk bolstering establishment power structures and undermining democratic accountability, raising concerns about corporate complicity in influencing policy outcomes.
- JAN072025
A Fortune article reports that Paramount Pictures Corporation has undergone a brutal year of layoffs, raising serious concerns about the company's treatment of its workforce and overall labor relations.
-60
Labor Relations and Human Rights Practices
March 23
The article highlights persistent and severe layoffs at Paramount, reflecting poor labor relations and a concerning disregard for employee well-being. Such practices can exacerbate economic inequality and contribute to an environment that undermines workers' rights, potentially fueling broader societal instability.
- OCT282024
Unionized postproduction staffers at Paramount Global delivered a letter on October 28, 2024 protesting impending layoffs, claiming the company's decision to eliminate their department is a form of union busting as part of a broader cost-cutting initiative.
-70
Labor Relations and Human Rights Practices
April 3
The company's decision to eliminate a unionized postproduction department, despite its long-standing profitability, has been characterized by affected workers as 'union busting.' This undermines labor rights and signals a disregard for the protection of unionized workers during cost-cutting measures, which is concerning from an anti-authoritarian and pro-worker perspective.
- OCT052024
A class action lawsuit has been filed in New York alleging that Paramount Pictures failed to provide the required 90-day WARN notice before executing mass layoffs affecting over 300 employees. This event raises serious concerns regarding the company's labor rights practices and overall ethical responsibility towards its workforce.
-70
Labor Relations and Human Rights Practices
March 23
Paramount is facing legal action by former employees alleging that it violated the Worker Adjustment and Retraining Notification (WARN) Act by not providing the mandated notice before carrying out mass layoffs. This approach not only undermines labor rights and worker security but also reflects broader issues in the company’s ethical business practices and labor relations.
Paramount Sued By Former Employees Alleging Mass Layoffs Without Prior Notice
- OCT032024
A class action lawsuit filed on behalf of former employees accuses Paramount of failing to provide legally required notice before mass layoffs, affecting nearly 345 workers, in violation of worker protection laws.
-50
Labor Relations and Human Rights Practices
April 3
The lawsuit alleges that Paramount did not comply with the Worker Adjustment and Retraining Notification Act, failing to give the required 90-day advance notice for mass layoffs. This disregard for employee rights and the legal protections designed to support workers demonstrates troubling labor practices that harm worker welfare.
Paramount Sued by Ex-Workers Over Mass Layoffs Without Notice
- SEP302024
Paramount is embroiled in a class action lawsuit alleging that over 300 employees were laid off without the legally required notice under the Worker Adjustment and Retraining Notification Act. This action has raised serious concerns about the company’s commitment to fair labor practices and respect for worker rights.
-60
Labor Relations and Human Rights Practices
March 23
The lawsuit claims that Paramount failed to provide the legally mandated 90-day notice before executing mass layoffs, affecting over 300 employees. This violation of worker rights not only undermines labor protection laws but also reflects poorly on the company’s ethical business practices, contributing to an environment that can indirectly support authoritarian approaches to labor management.
Paramount Sued by Ex-Workers Over Mass Layoffs Without Notice
- JUL092024
Paramount Pictures announced a merger with Skydance Media that includes plans to sell BET and the Paramount Pictures Studio lot as part of a broader restructuring aimed at cost cutting and a tech-forward transformation.
-15
Public and Political Behavior
April 3
The merger and restructuring concentrate decision-making power in fewer hands and may diminish transparency in corporate governance. From an anti-fascist perspective, such centralization raises concerns regarding the potential for unchecked executive authority.
Paramount-Skydance Merger: 5 Burning Questions About the Deal
-20
Business Practices and Ethical Responsibility
April 3
The planned sale of BET, a network serving historically marginalized audiences, and aggressive cost-cutting measures raise concerns over the company’s commitment to diversity, equity, and inclusion as well as ethical business practices.
Paramount-Skydance Merger: 5 Burning Questions About the Deal
-10
Economic and Structural Influence
April 3
The restructuring and merger, while aimed at achieving cost synergies, contribute to further consolidation of media and entertainment power. This consolidation may reduce accountability and limit checks on corporate influence, aligning with concerns over growing oligarchic dominance.
Paramount-Skydance Merger: 5 Burning Questions About the Deal
- JUN102024
A proposed class action lawsuit accuses Paramount Pictures Corporation of multiple labor law violations including delayed wage payments, insufficient meal and rest breaks, and failure to reimburse business expenses, reflecting systemic issues in the company's treatment of workers.
-70
Labor Relations and Human Rights Practices
March 23
The lawsuit outlines serious allegations of labor law violations at Paramount Pictures Corporation. These include failure to provide timely and full wage payments, inadequate meal and rest breaks, and non-reimbursement of business expenses. Such practices undermine workers' rights and contribute to a corporate culture that exploits employees, aligning with an overall pattern of behavior that can foster authoritarian and exploitative practices in business environments.
Paramount Facing Class Action Lawsuit Over Alleged Labor Law Violations in California
- AUG072020
A New York federal judge approved the termination of the longstanding Paramount Consent Decrees, which had regulated film distribution and vertical integration since the 1940s. The decision, following a motion by the U.S. Department of Justice during the Trump administration, removes regulatory constraints on major studios such as Paramount Pictures, potentially paving the way for increased market consolidation and reduced oversight.
-50
Regulatory Capture
April 3
Terminating the Paramount Consent Decrees diminishes regulatory oversight on film distribution practices, which historically helped prevent monopolistic consolidation. From an anti-fascist perspective, reduced checks on corporate power risk enabling monopolistic behavior and undermining diverse cultural expression, potentially contributing to authoritarian frameworks in economic and structural influence.
Judge Agrees to End Paramount Consent Decrees - The Hollywood Reporter
- AUG012020
Following the repeal of the Paramount Decrees in August 2020, major studios including Paramount Pictures gained increased freedom to engage in vertical integration and market dominance. This deregulation has contributed to the concentration of power in the film industry, undermining independent production and diversity.
-60
Economic and Structural Influence
April 3
The repeal of the Paramount Decrees allowed major studios like Paramount Pictures to consolidate economic power and engage in practices that diminish independent voices. This deregulation favors corporate concentration over diverse and democratic cultural expression, aligning with authoritarian consolidation tendencies.
The Paramount Decrees and the Deregulation of Hollywood Studios
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Industries
- 512110
- Motion Picture and Video Production
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- Motion Picture and Video Distribution
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- Teleproduction and Other Postproduction Services
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- Record Production and Distribution
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