Paramount posted a 19% rise in revenue in the second quarter on the back of what it described as strong showing in filmed entertainment and direct-to-consumer growth. The company saw its direct-to-consumer base rise to 64 million, including the removal of 3.9 million Russian subscribers after it shut down its service there. Paramount+, the studio’s […]
ViacomCBS will roll out its new ‘house of brands’ streaming service in 2021, CEO Bob Bakish has confirmed. The company initially announced plans to launch a large-scale streamer comparable to the likes of HBO Max and Netflix in February, but the CEO has now shed further light on the planned SVOD at the 2020 Credit […]
ViacomCBS plans to launch an international pay TV streaming product in multiple markets within the next year as part of an expansion of its streaming efforts, including boosting its US domestic premium offering CBS All Access with a number of initiatives. Speaking to analysts after the US studio posted its quarterly results at the end […]
Viacom is to exploit “a significant opportunity in leveraging Viacom’s global operating footprint to drive Pluto TV’s growth” beginning with the launch of the recently-acquired free OTT TV service in Switzerland and an expansion of the service in the UK, Germany and Austria, with a Latin American launch scheduled for later this year, according to […]
Viacom’s acquisition of ad-supported OTT TV network Pluto TV will be a “game changer” for the company’s direct-to-consumer strategy, according to the studio’s CEO Bob Bakish, and will play a key role in the company’s direct-to-consumer strategy both domestically and internationally, with the launch of a Spanish-language service planned in the near term. Speaking to […]
Viacom will take a three-pronged approach to the direct-to-consumer business, including plans for an advertising-supported “front door” branded offering, but has no plans to launch any kind of premium Netflix-style service, according to CEO Bob Bakish. Speaking at a Broadcasting Press Guild (BPG) event in London this morning, Bakish said that Viacom is looking at […]
Viacom is moving ahead with plans to launch a new direct-to-consumer platform in the US as well as ramping up its studio production initiative globally to create new first-run content for third-party platforms, according to CEO Bob Bakish. Speaking to analysts after the company posted its fiscal Q3 results, Bakish said that one element of […]
CBS is set to make an all-stock offer for Viacom that prices the US company below its current market valuation, according to reports Reuters revealed earlier today that the “unusual” merger move may threaten negotiations that would see the two media giants reunite after 13 years. The report states that CBS chief Leslie Moonves will also […]
Viacom has revealed plans to launch a direct-to-consumer streaming service later this year. Speaking at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco, Viacom president and CEO Bob Bakish said that the new service would draw from more than 10,000 hours of library content. “We’re going to implement [the service] on a […]
Viacom shares have fallen sharply on news of a delayed payment from a Chinese partner and uncertainty about the future prospects of pay TV in the US after the media group posted Q3 results, despite it posting solid gains in revenue and profit. Viacom’s revenues for its fiscal third quarter rose by 8% to US$3.36 […]
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