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<ownershipDocument>

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    <documentType>4</documentType>

    <periodOfReport>2024-12-24</periodOfReport>

    <issuer>
        <issuerCik>0000813828</issuerCik>
        <issuerName>Paramount Global</issuerName>
        <issuerTradingSymbol>PARAA,PARA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001960465</rptOwnerCik>
            <rptOwnerName>McCarthy Christopher D.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O PARAMOUNT GLOBAL, 1515 BROADWAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10036</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>1</isOfficer>
            <officerTitle>Office of the CEO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

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            </securityTitle>
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                <footnoteId id="F1"/>
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        <nonDerivativeTransaction>
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            <transactionDate>
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            </transactionDate>
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                <transactionCode>M</transactionCode>
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                <footnoteId id="F1"/>
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                </transactionPricePerShare>
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            </transactionAmounts>
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                <sharesOwnedFollowingTransaction>
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                </sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
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                </directOrIndirectOwnership>
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        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
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                <footnoteId id="F8"/>
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            <transactionDate>
                <value>2024-12-24</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
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                <footnoteId id="F1"/>
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                <transactionShares>
                    <value>30223.0000</value>
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                <transactionPricePerShare>
                    <value>0.0000</value>
                    <footnoteId id="F8"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2023-03-01</value>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F6"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B common stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>30223.0000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Share Units</value>
                <footnoteId id="F8"/>
            </securityTitle>
            <conversionOrExercisePrice>
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            <transactionDate>
                <value>2024-12-24</value>
            </transactionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
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            <exerciseDate>
                <value>2024-03-01</value>
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            </exerciseDate>
            <expirationDate>
                <footnoteId id="F5"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B common stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>93958.0000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
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                <footnoteId id="F8"/>
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            </transactionDate>
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                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
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            <transactionAmounts>
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                    <value>262732.0000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.0000</value>
                    <footnoteId id="F8"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <value>2025-03-01</value>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B common stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>262732.0000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
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                    <value>D</value>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Share Units</value>
                <footnoteId id="F8"/>
            </securityTitle>
            <conversionOrExercisePrice>
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            </conversionOrExercisePrice>
            <transactionDate>
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                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
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                <transactionShares>
                    <value>285714.0000</value>
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                <transactionPricePerShare>
                    <value>0.0000</value>
                    <footnoteId id="F8"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <value>2025-10-08</value>
                <footnoteId id="F2"/>
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            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B common stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>285714.0000</value>
                </underlyingSecurityShares>
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                <sharesOwnedFollowingTransaction>
                    <value>0.0000</value>
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        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Reflects accelerated vesting of Restricted Share Units (&quot;RSUs&quot;), which were otherwise scheduled to vest in 2025, 2026 and 2027, to mitigate the potential impact to the Issuer and the Reporting Person of Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended, in connection with the pending transactions among the Issuer, Skydance Media, LLC and other parties (the &quot;280G Impact&quot;).</footnote>
        <footnote id="F2">The shares identified in Table I were issued on December 24, 2024, upon the vesting of the RSUs identified in Table II, which were initially granted on October 8, 2024. On December 24, 2024, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.42 per share.</footnote>
        <footnote id="F3">The shares identified in Table I were issued on December 24, 2024, upon the vesting of the RSUs identified in Table II, which were initially granted on March 1, 2024. On December 24, 2024, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.42 per share.</footnote>
        <footnote id="F4">Acquired upon accelerated vesting of Performance Share Units (&quot;PSUs&quot;) with performance periods ending in calendar years 2026 and 2027 to mitigate the 280G Impact. On December 24, 2024, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.42 per share.</footnote>
        <footnote id="F5">The shares identified in Table I were issued on December 24, 2024, upon the vesting of the RSUs identified in Table II, which were initially granted on March 1, 2023. On December 24, 2024, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.42 per share.</footnote>
        <footnote id="F6">The shares identified in Table I were issued on December 24, 2024, upon the vesting of the RSUs identified in Table II, which were initially granted on March 1, 2022. On December 24, 2024, the closing price of the Class B common stock on The NASDAQ Global Select Market was $10.42 per share.</footnote>
        <footnote id="F7">These shares were withheld by the Issuer to satisfy tax liability incident to the vesting of, and delivery of shares underlying, the RSUs and the PSUs, and were not actually sold or otherwise disposed of in an open-market transaction.</footnote>
        <footnote id="F8">Granted under the Issuer's long-term incentive plan for no consideration.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Caryn K. Groce, Attorney-in-Fact for Christopher D. McCarthy</signatureName>
        <signatureDate>2024-12-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
