Paramount misses on revenue, TV business sees lift from Super Bowl during Q1
Paramount Global’s CEO Bob Bakish will depart from the company on Tuesday; the company missed revenue estimates during Q1, but beat on earnings.
Paramount Global’s CEO Bob Bakish will depart from the company on Tuesday; the company missed revenue estimates during Q1, but beat on earnings.
Paramount CEO Bob Bakish could be replaced as soon as this week, according to a report published over the weekend.
His total compensation is 274 times higher than that of the average Paramount employee, who earns around $114,250 per year.
Paramount Global will issue pink slips to around 3 percent of its global workforce as the company seeks to reign in expenses.
Paramount is open to partnerships that will see its flagship streamer Paramount Plus bundled with other services, executives said on Monday.
The CEO of Paramount Global says it’s just a matter of time before the company increases the price of its Paramount Plus streaming service.
Paramount Global said it added 5.2 million global subscribers to end its recent quarter with 64 million global subscribers.
Paramount Plus will expand its library this summer with titles from premium movie channel Epix.
Content from the niche streaming services will eventually be offered in Paramount Plus next year.
The streaming service will remain separate from ad-supported Pluto TV and will inherit sports rights from CBS All Access.