CBS has once again failed to meet Wall Street estimates, with Q3 results being hamstrung by a now-resolved 19-day carriage dispute with AT&T. The broadcaster’s revenue grew slightly by 1% to US$3.3 billion year-over-year, but missed estimates by US$60 million. Investment in big-budget content also resulted in a dip of operating income by 21% year-over-year, […]
Bob Bakish has said that distributor and ad partnerships remain the “bedrock” of the strategy for the combined ViacomCBS going forward. The Viacom CEO – a regular at the annual MTV European Music Awards, taking place this weekend – was addressing attendees at a pre-awards showcase in Seville, Spain, on Saturday (2 November), where […]
The newly formed ViacomCBS has bolstered its board with the appointment of Julia Phelps as its executive vice president, chief communications and corporate marketing officer. Phelps will assume the role upon the closing of the deal – expected before the turn of the year – and will report directly to CEO Bob Bakish. In the […]
The OTT platforms of ViacomCBS will see a boost from the just-concluded merger “quite soon”, the company’s top execs have confirmed. Speaking on a conference call, CBS chairman and CEO Joe Ianniello identified direct-to-consumer streaming as one of the company’s key pillars of growth, and said that the breadth of content made available by the […]
The on-again, off-again reunification of CBS and Viacom has finally reached its end, with the companies announcing a definitive agreement to combine. The deal, struck on August 13, will create a company with more than US$28 billion (€25 billion) in revenue and boast the largest share of US TV audience of any broadcaster (22%). In […]
CBS and Viacom have reached an agreement to re-merge the companies after 13 years apart. According to sources speaking to Reuters, the companies have agreed that Viacom shareholders will receive 0.59625 CBS shares for each share they own. This represents a slight discount to Viacom’s closing price on Friday. While we await an official confirmation, […]
Two-thirds of subscribers to CBS All Access, the broadcaster’s VOD service, have opted for the ad-supported tier. Speaking on the company’s Q2 earnings call, acting CEO Joe Ianniello confirmed that the majority of users “are taking the limited commercial option”. The service is available with advertising for US$5.99 per month, or without advertising for US$9.99 […]
CBS and Viacom are unlikely to reach an agreement for the merger of the companies in time for the former’s earnings release. According to CNBC sources, the broadcast giants had originally hoped to have a deal in place by August 8. The one remaining issue in place is reportedly the exchange ratio, which is still […]
The on-again, off-again CBS/Viacom merger looks to be entering its final stages, with the companies reportedly agreeing upon a management team that will lead the merged business. As reported by the Wall Street Journal, Viacom boss Bob Bakish will be the CEO of the new-look company, with acting CBS CEO Joe Ianniello set to be […]
ABC, CBS, NBC and Fox have filed a lawsuit against Locast. Locast, founded by former DISH executive David Goodfriend, is a relatively new service that attempts to fill the gap for cord-cutters, offering access to local stations over the internet for 17 markets. The platform uses geolocation to ensure that viewers can only view stations […]
ICYMI: @FIFAcom streams Club World Cup to 50 territories via in-house platform FIFA+ digitaltveurope.com/2023/02/02/fif… https://t.co/7BrJQobrFk
02 February 2023 @ 22:00:01 UTC
ICYMI: Mobile revenues boost Telenor performance as it executes ‘strategic roadmap’ digitaltveurope.com/2023/02/02/mob… https://t.co/OOrotB2r3c
02 February 2023 @ 21:00:01 UTC
ICYMI: Comcast’s @peacock scraps free tier for new subscribers digitaltveurope.com/2023/02/02/com… https://t.co/iZl8L5p2W4
02 February 2023 @ 20:00:05 UTC
US consumes 123% more data than Europe, says @plume digitaltveurope.com/2023/02/02/us-…
02 February 2023 @ 19:27:00 UTC
.@SkyUK launches Entertainment OS 1.1 digitaltveurope.com/2023/02/02/sky… https://t.co/Sn0QejwabU
02 February 2023 @ 19:00:02 UTC
