WBD no longer pursuing merger with Paramount, report says
Skydance Media is still pursuing a merger opportunity with Paramount Global, the report said.
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.
Skydance Media is still pursuing a merger opportunity with Paramount Global, the report said.
Streaming’s revenue growth is attributed mainly to hybrid advertising-subscription models, according to Ampere.
Disney could emerge as an early victor as a new front develops in the so-called “streaming wars:” A rush to license content to peer services.
The discussions have centered around a streaming-focused partnership or joint venture, similar to its Paramount and Comcast’s Sky Showtime operation overseas.
The kid-friendly app offered more than 1,000 interactive videos and games; some videos will shift to Paramount Plus.
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.
Paramount Plus scored high marks for having the least amount of latency during Super Bowl LVIII, according to content delivery service Phenix.
Paramount-owned broadcast and cable channels will remain on Comcast’s systems under a new multi-year deal.
Paramount-owned broadcast and cable channels will remain on Comcast’s systems under a new multi-year deal.