Paramount grabs 67.5 million streaming subscribers
The company expects its Paramount Plus service to be fully profitable by next year, even though some customers may drop off throughout 2024.
CBS (formerly the Columbia Broadcasting System) is a television broadcast network owned by ViacomCBS. In addition to the broadcast network, CBS operates more than a dozen local stations across the country as well as CBS News, CBS Sports and cable channels CBS Sports Network, Smithsonian Channel and Pop Network. Prior to its merger with Viacom, CBS also operated the premium multiplex movie services Showtime and The Movie Channel.
The company expects its Paramount Plus service to be fully profitable by next year, even though some customers may drop off throughout 2024.
Paramount Global will issue pink slips to around 3 percent of its global workforce as the company seeks to reign in expenses.
Paramount Global’s telecast of Super Bowl LVIII (58) grabbed more than 123.4 million viewers, according to preliminary data released on Monday.
Preliminary data shows the network grabbed over 56 million viewers for the highly-anticipated match-up on Sunday.
David Letterman says he has partnered with fellow comedian Billy Crystal to acquire an Australian rugby team with the goal of launching a television docuseries.
Allen Media Group will continue offering CBS programming on five local TV stations under a renewed agreement with Paramount Global.
Paramount says it will offer a 4K video feed of Super Bowl LVIII to cable, satellite and streaming cable-like platforms; everyone else will get the game in high definition.
Paramount-owned broadcast and cable channels will remain on Comcast’s systems under a new multi-year deal.
Paramount Global’s Dabl has quietly relaunched as a new general entertainment network with a focus on Black-strong sitcoms.
CBS, Fox and ABC each aired a national football game on December 25, with the “Monday Night Football” telecast being the second-highest ratings since 1996.