Paramount lays off more staff, closes MTV News division
The layoffs come as Paramount eases off traditional cable networks with an eye toward streaming as its future.
Paramount Plus (stylized as Paramount+) is a streaming television service owned and operated by Paramount Global. The service replaced CBS All Access, which originally launched in 2014.
Paramount Plus offers television shows from the libraries of BET, CBS, Comedy Central, MTV, Nickelodeon, Smithsonian Channel and VH1 along with movies from Paramount Pictures. It also carries licensed content from third party distributors.
Paramount Plus costs $6 a month with advertisements or $10 a month without advertisements, and offers a free trial for new and returning customers.
The layoffs come as Paramount eases off traditional cable networks with an eye toward streaming as its future.
“It’s not good news when any company cuts its dividend dramatically,” the Berkshire Hathaway chairman and CEO said.
Executives say the time is right to increase prices on Paramount Plus service, which will help the company generate additional streaming revenue. [Fierce Video]
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Walmart is offering members of its Walmart Plus subscription service ad-free access to some Pluto TV content.
Paramount has counter-sued Warner Bros Discovery, alleging the media company hasn’t paid $50 million in licensing rights for “South Park.”
Google is rolling out an updated version of its Google TV interface that will see hundreds of free television streams added to the platform.
Paramount Plus has decided to pass on “Inside the NFL” for the upcoming football season, according to a report.
Paramount Global’s streaming TV service Paramount Plus will add dozens of new television shows and movies in April 2023
Stream every 2023 NCAA March Madness men’s college basketball tournament game on CBS/Paramount Plus, TBS, TNT and Tru TV.