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.
Showtime is a premium pay television network owned by ViacomCBS. The subsidiary operates 16 linear multiplex channels on cable and satellite (including 8 time-shift channels) as well as streaming services Showtime Anytime and Showtime.
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 relaunch its Showtime multiplex movie network in January 2024, the company announced on Monday.
Laura Martin with Needham cautioned mega mergers between large media companies was unlikely as long as Democratic lawmakers are in power.
The company will see through its planned boxing and mixed martial arts programming through December.
Paramount is open to partnerships that will see its flagship streamer Paramount Plus bundled with other services, executives said on Monday.
Paramount Plus grew its subscriber base by nearly 700,000 accounts during its first quarter since its merger with the Showtime brand.
Showtime has pulled an episode of the news magazine program Vice that focused on Florida Governor Ron DeSantis.
Executives say the time is right to increase prices on Paramount Plus service, which will help the company generate additional streaming revenue. [Fierce Video]
Paramount Global’s streaming TV service Paramount Plus will add dozens of new television shows and movies in April 2023
A former Paramount Global executive offered to buy Showtime from the company for more than $3 billion earlier this year.