Paramount Global, formerly known as ViacomCBS, is a multinational media and entertainment conglomerate created through the merger of CBS Corporation and Viacom in December 2019. The company has a rich history, with its roots dating back to the founding of CBS in 1927 by William S. Paley and the creation of Viacom in 1971 as a spin-off of CBS. Paramount Global is headquartered in New York City, New York, United States.