Item 1A. Risk Factors.

There have been no material changes to the risk factors previously disclosed in Item 1A of the Annual Report on Form 10-K of our Predecessor, Paramount Global, for the year ended December 31, 2024 (filed with the Securities and Exchange Commission on February 26, 2025).


Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

Company Purchases of Equity Securities

None.

-96-

Previous: Item 4. Controls and Procedures. · Next: Item 6. Exhibits.