Media and entertainment company ViacomCBS is to become Paramount Global (referred to as Paramount), effective February 16th, bringing together its portfolio of premium entertainment properties under a new parent company name. “Paramount is an idea: A promise to be the best,” said Shari Redstone, Non-Executive Chair of the company’s Board of Directors. “That promise has […]
A good performance from its streaming services, Paramount+ and Pluto TV, has boosted otherwise lacklustre ViacomCBS quarterly results. Streaming income passed forecasts and were up 13 per cent to $6.61 billion (€5.7bn) for the quarter. The group added 4.3 million streaming subscribers for a total of nearly 47 million, a YoY increase of 79 per […]
Sumner Redstone, the US billionaire media tycoon, has died aged 97. For nearly 30 years, Redstone led Viacom as Executive Chairman of the Board following National Amusements’s acquisition of a controlling stake in the company in 1987. He also held the position of CEO from 1996 until 2005, during which time Viacom merged with CBS […]
ViacomCBS’s financial results for the quarter ended June 30th 2020 saw another “solid quarter”, according to Bob Bakish, President & CEO. He said that despite the impact of Covid-19 on revenue in the quarter, the broadcaster was successfully managing through the effects of the pandemic, reaffirming the strength of its combined operations. “Our results underscored […]