Paramount Global is exploring the sale of a majority stake in Noggin, its online learning service for children, the Wall Street Journal reported on Friday, citing people familiar with the situation.
Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustrationis exploring the sale of a majority stake in Noggin, its online learning service for children, the Wall Street Journal reported on Friday, citing people familiar with the situation.
The company is looking at an opportunity to develop Noggin, which is known for content like "PAW Patrol" and "Peppa Pig", into an interactive learning platform, and is seeking an investor for the job, the report said.The reported exploration of the stake sale is part of the company's effort to support its streaming service Paramount+. The companyParamount+ is set to integrate with the company's other streaming platform Showtime.
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