PARAMOUNT+ ANNOUNCES OFFICIAL TITLE FOR TAYLOR SHERIDAN'S NEW SERIES "1923"

Next Installment of the "Yellowstone" Origin Story (Previously "1932") will be Renamed "1923" to Encompass the End of World War I and the Start of Prohibition

Academy Award(R) Winner Helen Mirren and Academy Award(R) Nominee Harrison Ford to Star

Produced by MTV Entertainment Studios, 101 Studios and Bosque Ranch Productions

LONDON - June 20, 2022 - Paramount Global (NASDAQ: PARA, PARAA), to celebrate the debut of Paramount+ in the UK and Ireland on June 22, announced that 1923 (formerly titled 1932) will be the new title for Academy Award(R) nominee Taylor Sheridan's highly-anticipated next installment of the "Yellowstone" origin story. Starring Academy Award winner Helen Mirren and Academy Award nominee Harrison Ford, 1923 will account for the end of World War 1 (1918) and the start of Prohibition (1920) both of which will be woven into the story. Produced by MTV Entertainment Studios, 101 Studios and Bosque Ranch Productions, the original series will debut on the service in December.

1923 focuses on the Dutton family's next two generations as they struggle to survive historic drought, lawlessness and prohibition, and an epidemic of cattle theft; all battled beneath the cloud of Montana's great depression, which preceded the nation by almost a decade.

The limited series follows the record-breaking performance of 1883, the most-watched series ever on Paramount+ globally, and is the latest addition to Sheridan's growing slate on Paramount+, which includes 1883, MAYOR OF KINGSTOWN and the upcoming series LIONESS, TULSA KING, 1883: THE BASS REEVES STORY and LAND MAN.

1923 is executive produced by Taylor Sheridan, John Linson, Art Linson, David C. Glasser, Ron Burkle, Bob Yari and Ben Richardson.

About Paramount+

Paramount+, a direct-to-consumer digital subscription video on-demand and live streaming service, combines live sports, breaking news, and a mountain of entertainment. The premium streaming service features an expansive library of original series, hit shows and popular movies across every genre from world-renowned brands and production studios, including BET, CBS, Comedy Central, MTV, Nickelodeon, Paramount Pictures, and the Smithsonian Channel. The service is also the streaming home to unmatched sports programming, including every CBS Sports event, from golf to football to basketball and more, plus exclusive streaming rights for major sports properties, including some of the world's biggest and most popular soccer leagues. Paramount+ also enables subscribers to stream local CBS stations live across the U.S. in addition to the ability to stream CBSN for 24/7 news, CBS Sports HQ for sports news and analysis, and ET Live for entertainment coverage. For more information about Paramount+, please visit www.paramountplus.com and follow @ParamountPlus on social platforms.

About MTV Entertainment

MTV Entertainment Group is one of the preeminent youth media companies in the world that connects with global audiences through its nine iconic brands - MTV, Comedy Central, VH1, CMT, Pop, Logo, Smithsonian, Paramount Network and TV Land - as well as MTV Entertainment Studios which produces acclaimed series and movies and the award-winning, Oscar nominated MTV Documentary Films.

About 101 Studios

101 Studios is a global entertainment company dedicated to the acquisition, financing, development, production and distribution of high-caliber, creator-driven storytelling. 101 empowers content creators through first-class collaboration and innovation. On the television side, 101 produces Taylor Sheridan's Emmy nominated series "Yellowstone," "Mayor of Kingstown," "1883" and the upcoming "George & Tammy," "Tulsa King," "Lioness" and "Bass Reeves." 101 Studios oversees and manages the newly formed Sports Illustrated Studios, a content platform based on the most compelling stories, characters and moments in sports past, present and future. Upcoming projects include "Paradise Found" based on the true story of high school football coach Rick Prinz; a docuseries about the sexual abuse and cover-up at Ohio State University, co-produced by George Clooney and Grant Heslov's Smokehouse Pictures; and the docuseries "Covers," a behind-the-scenes look at Sports Illustrated's top cover stories of all time. SI Studios has also exclusively partnered with iHeartMedia to create and distribute original podcasts through the iHeartPodcast network. On the film side, past releases include "The Current War: Director's Cut," the Sundance Audience award winner "Burden" as well as the family comedy "The War with Grandpa."