Exhibit 1

JOINT FILING AGREEMENT

The undersigned hereby agree that the Statement on Schedule 13G, dated February 14, 2025 (the “Schedule 13G”), with respect to the Class A Common Stock, par value $0.001 per share, of Paramount Global is, and any amendments executed by us shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the 14th day of February, 2025.

		NA ADMINISTRATION, LLC, CORPORATE TRUSTEE, SUMNER M. REDSTONE NATIONAL AMUSEMENTS PART B GENERAL TRUST

		/s/ Tyler Korff
		Name:	Tyler Korff
		Title:	Director

		NAI ENTERTAINMENT HOLDINGS LLC

		/s/ Tad Jankowski
		Name:	Tad Jankowski
		Title:	Vice President

		NATIONAL AMUSEMENTS, INC.

		/s/ Tad Jankowski
		Name:	Tad Jankowski
		Title:	Vice President

		SPV-NAIEH LLC

		/s/ Tad Jankowski
		Name:	Tad Jankowski
		Title:	Vice President

Paramount Global SCHEDULE 13G/A