Paramount Global Celebrates 50th Anniversary of Hip Hop

Programming Initiatives Will Leverage Full Scale and Power of Brands to Commemorate the Genre's Impact on Music and Culture

Cross-Company Support Will Include a Special Performance at "The 65th Annual Grammy Awards"

New York, NY - November 17, 2022 - Paramount (NASDAQ: PARA, PARAA) today announced programming initiatives to honor the 50th anniversary of Hip Hop, unveiling an extensive slate of content that celebrates the culture across the media and entertainment company's portfolio of leading broadcast, cable, streaming and digital brands.

SHOWTIME(R) kicked things off in late 2021 with HIP HOP 50, a three year initiative with Mass Appeal, who have a legacy and focus on the music industry, through which SHOWTIME has showcased Hip Hop's legendary stories, including SUPREME TEAM, CYPRESS HILL: INSANE IN THE BRAIN, YOU'RE WATCHING VIDEO MUSIC BOX and RICKY POWELL: THE INDIVIDUALIST.

In addition to these titles, a collection of new and returning content offerings that are rooted in celebrating Hip Hop's cultural impact will become available across Paramount's suite of brands in 2023:

· SHOWTIME will expand its slate of HIP HOP 50 programming with titles from Mass Appeal and other production companies including a documentary feature on Hip Hop legend Biz Markie, a series that will tell multidimensional stories of the power of women in Hip Hop, and a series examining the creation and tragedy of the SoundCloud scene.

· BET will produce a documentary on its iconic series, RAP CITY, and will honor the 50th anniversary of Hip Hop all year long, including at the BET Awards and BET Hip Hop Awards. The legacy and future of Hip Hop culture and its icons will also be celebrated and profiled across BET.com and BET Social.

· MTV Entertainment Studios will produce new episodes of BEHIND THE MUSIC, as well as a slate of Hip Hop documentaries to be announced. Fans will also have the opportunity to celebrate Hip Hop's 50th anniversary with exciting in-show moments during the VMAs and EMAs.

· CBS will continue the year-long celebration during the 65th Annual Grammy Awards and will culminate with a historic commemoration later in 2023 with a special music event in partnership with The Recording Academy.

· Paramount+ will continue to stream fifty of the most iconic episodes of MTV Entertainment's original series YO! MTV RAPS for the first time since it premiered, with the rebooted series now also available to stream alongside home makeover series HIP HOP MY HOUSE. Additionally, Paramount+ will act as the home for this content and more with over 100 hours of programming for fans to discover and enjoy.

About Paramount

Paramount Global (NASDAQ: PARA, PARAA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic studios, networks and streaming services, Paramount's portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. Paramount delivers the largest share of the U.S. television audience and boasts one of the industry's most important and 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.