Paramount Global has seen its share price drop more than 28% after the US media giant posted a $1.12bn revenue loss in the first quarter, with streaming losses growing. The decline in overall revenue contrasts sharply with the $441m gain reported in the same quarter in 2022 and comes after the company was hit by […]
Paramount Global has unveiled mixed results for Q3 2022, with growth in its streaming business tempered by a decline in its traditional TV business. Overall revenues of $6.92 billion fell short of expectations and led to a slide in share price. In terms of direct to consumer (DTC) headlines, streaming platform Paramount+ added 4.6 million […]
While the battle for SVOD subscribers continues to rage, an equally intriguing tussle for eyeballs is unfolding in AVOD. Yesterday, Paramount Global announced that its free ad-supported streaming service Pluto TV is tripling the volume of content it offers from the CBS archive, taking the total on offer to around 6,300 episodes. CBS and Pluto […]
US local broadcasting group Nexstar Media Group is to acquire a 75% majority stake in The CW network. Warner Bros. Discovery and Paramount Global, the current co-owners of The CW, will each retain a 12.5% stake in the broadcaster and will continue to produce original, scripted content for the network. Nexstar, together with its partner […]
US SVOD Paramount+ will launch in Italy on 15 September as part of its European rollout. It will debut with a slate of Italian originals including Circeo, a drama about the 1975 massacre; 14 Days, which tells the story of a couple forced into two weeks of seclusion; and Corpo Libero, a thriller based on the novel by Ilaria […]
Direct-to-consumer streaming service Paramount+ has struck a distribution partnership with Caribbean region service provider C&W Communications to bring its premium content exclusively to subscribers of C&W Communications’ Flow and BTC video services in over 15 new markets including Anguilla, The Bahamas, Barbados, British Virgin Islands, Cayman Islands, Curaçao, Dominica, Grenada, Saint Kitts & Nevis, Trinidad and […]
ViacomCBS/Paramount’s free ad-supported streaming offering Pluto TV is to launch in the Nordic market in May. The FAST service will be available in Sweden, Denmark, and Norway on May 18. Pluto TV will debut in Nordics offering two viewing choices, with more than 210 live, linear channels and a Viafree on-demand section. Pluto TV’s channels will include […]
ViacomCBS has rebranded itself as Paramount Global (to be known as Paramount) as the company set out new growth plans and an expansive slate of new international content for its streaming service Paramount+. New content headed to the service included it first UK commissions and spin-offs from popular franchises including NCIS, Yellowstone, The Shore, as well as a Sexy Beast prequel and […]
Online video platform operator Brightcove has announced the appointment of former ViacomCBS digital head Marc DeBevoise as its new CEO. The exec will assume responsibilities on March 28, and will succeed Jeff Ray, who will retire from his role as CEO and board director at the end of March. DeBevoise brings over 20 years of […]
Sky’s parent company Comcast has announced that its joint-venture streaming operation with ViacomCBS has received full regulatory approval for a European launch. The new streamer, Sky Showtime, was first revealed in mid-2021 and will launch in more than 20 European markets encompassing 90 million homes later this year. It will bring together entertainment, movies and […]
