Paramount CEO Bob Bakish has long touted “hard bundles,” the hybrid carriage agreements found in Europe and other international markets that weave streaming into conventional pay-TV packages.
17.10.2023 - 16:45 / deadline.com
“The notion that the strikes saved the company is wildly overstated,” Bob Bakish said of Paramount today.
The Paramount Global boss acknowledged that “the strike is accretive to cash in 2023 and that is true for the [whole] industry” but rubbished the notion of the labor action saving the company, calling it an “overstatement.”
“We are playing the hand we were dealt,” said Bakish as he accepted the Mipcom Cannes Personality of the Year Award. “Necessity is the mother of invention but I would say we want this strike to be over so we can resume work. The notion that it saved the company is wildly overstated.”
Bakish cited how Paramount has had to innovate due to the content well drying up, with reality series extended in length andcable shows like Yellowstone airing on CBS.
He acknowledged that “things broke down a bit last week” between the AMPTP and SAG-AFTRA but said the pair are ready to “come back to the table.”
In a wide-ranging Mipcom keynote, Bakish passionately reaffirmed Paramount’s commitment to content licensing and said there will be a “significant reduction in streaming losses” next year.
“While our peers were pulling back content and putting up walled gardens, we never left [the content licensing game],” he said.
The exec described content licensing as an “ecosystem that gives a robust supply of content from diverse creatives to entertain consumers.”
“We share not only a commitment but responsiblity to move the industry forward, to evolve it for our mutual benefit,” he added. “Content licensing was and will continue to be a fundamental part of our economic model.”
While simultaneously reaffirming Paramount’s commitment to D2C streaming, he said content partnerships remain vitally important and flagged a
Paramount CEO Bob Bakish has long touted “hard bundles,” the hybrid carriage agreements found in Europe and other international markets that weave streaming into conventional pay-TV packages.
The actors are still on strike and it’s still costing Paramount Global.
Brian Steinberg Senior TV Editor Paramount Global saw a third-quarter profit hike thanks to new revenue from its streaming and film operations even as its largest business, linear TV, grappled with flat distribution revenue and a downturn in advertising dollars. The New York owner of CBS, the Paramount movie studio and the Nickelodeon cable network said revenue rose 3% during the period, largely due to a 38% increase in its streaming business and a 14% hike from its film division, which benefitted from the latest releases in the “Mission Impossible” and “Teenage Mutant Ninja Turtles” franchises.
Kelly Rizzo sadly knows all too well what the family of the late Matthew Perry is experiencing.
Echo & The Bunnymen have announced ‘The Very Best Of’ 2024 UK tour – find all details down below.The Liverpudlian band will perform a setlist taken from the best of their 40-year-long career. It will include songs all the way up to their most recent LP, 2018’s ‘The Stars, The Ocean and The Moon’.They will then embark on a tour throughout the UK, where they’ll stop off at Brighton (3), Cardiff (10), Manchester (16) and more.
Paramount has completed the $1.62 billion sale of book publisher Simon & Schuster to investment firm KKR, nearly a year after a richer sale to Penguin Random House ran aground over regulatory issues.
Former Friends star Jennifer Aniston issued a four-word warning to her late co-star Matthew Perry amid his thought-to-be "secret" battle with addiction at the height of the show's fame.
EastEnders star Bobby Brazier has revealed he 'only has eyes' for Strictly Come Dancing partner Dianne Buswell, despite being flooded with DMs complimenting him. Bobby, 20, has been a top contender ever since the show started this year but it appears that things really heated up when he danced a samba routine dressed as Romeo, and Dianne as Juliet. Although 34-year-old Dianne admitted that he now "has so many people sliding into his DMs now," Bobby is focussed on only one girl.
Gene Maddaus Senior Media Writer More than 3,600 SAG-AFTRA members have signed an open letter stating that they would rather stay on strike than “cave” to a bad deal. The group, calling itself Members in Solidarity, includes Julia Louis-Dreyfus, Jon Hamm, Maya Hawke, Marisa Tomei, John Leguizamo and Bryan Cranston, among many other notable names.
It's no secret that alongside the glitz and the glamour, Strictly Come Dancing can bring intense training sessions for its contestants. And EastEnders' Bobby Brazier has shared a behind the scenes clip of his most recent rehearsal with dance partner Dianne Buswell to show exactly that.The pair will take on the Cha Cha Cha to Come-On-a-My House by Della Reese in Saturday night's episode, but the 20 year old has pleaded for 'a break' his Instagram video. "Sometimes all I need in life is a Dianne break.
Elsa Keslassy International Correspondent Aiming to grow its global direct-to-consumer distribution, Paramount+ has set the international rollout plans for its premium and ad tier subscriptions following a launch across more than 45 markets last year. The premium plan will launch in Australia, Brazil, Canada and Mexico on Nov.
Valerie Wu Intern Fans of the iconic British secret agent James Bond will have to wait a while to see who the next 007 will be, according to franchise producer Barbara Broccoli. In a recent interview with The Guardian, Broccoli shared that executives “haven’t even begun” modernizing the franchise, adding that there is a “big road ahead” before the James Bond character is “reinvented for the next chapter.” Broccoli praised what Daniel Craig, who retired from the role of James Bond in 2021 after the release of “No Time to Die,” brought to the character.
Manchester United fans flocked to Old Trafford to pay their respects to Sir Bobby Charlton. The 86-year-old Reds and England icon died peacefully in the early hours of Saturday (October 21) with his family at his side.
Cynthia Littleton Business Editor CANNES – Paramount Global CEO Bob Bakish delivered a testimonial to the power of “new age” local and regional content licensing partnerships during a wide-ranging Q&A held Tuesday after the Viacom veteran was feted as Mipcom’s Personality of the Year. During a wide-ranging Q&A that followed the award presentation, Bakish batted down industry speculation about Paramount’s financial health (“To say we were saved by the strikes is totally an overstatement”) and his hope that the SAG-AFTRA strike will soon be in Hollywood’s rear-view mirror (“We’ll get there”). Paramount Global unveiled a multi-year pact with Greek pay TV service Cosmote TV just before Bakish sat for a Q&A with Variety co-editor in chief Cynthia Littleton.
The Mediapro Studio will shoot from November Season 3 of “The Head,” its biggest international hit, filming in the Sahara Desert with John Lynch (“The Fall”) and Katharine O’Donnelly (“Mary Queen of Scots), attached once more to star. Olivia Morris also returns to her role as Rachel Russo, the morally conscionable daughter of ambition-crazed biologist Arthur Wilde, played by Lynch. “The Head” Season 1 took place at an Antarctic research station cut off in winter, Season 2 on a hulking freighter at mid-Pacific’s Point Nemo, the most distant place on earth from nearest land.
“It felt like we were reconnecting after a long time,” To Leslie star Andrea Riseborough said today of working with Domhnall Gleeson on Alice & Jack, Channel 4 & PBS Masterpiece‘s upcoming romantic drama that premiered at Mipcom Cannes.
Millie Bobby Brown has said she’s ready to move on from Stranger Things, as the show is “preventing” her from pursuing other projects.The actor, who is set to return as Eleven in the fifth and final season of the Netflix series, explained how she’s ready to branch out into other opportunities she’s “passionate about”.“When you’re ready, you’re like, ‘All right, let’s do this. Let’s tackle this last senior year. Let’s get out of here,'” Brown told Glamour.“Stranger Things takes up a lot of time to film and it’s preventing me from creating stories that I’m passionate about.
Zack Sharf Digital News Director Millie Bobby Brown told Glamour magazine (in an interview conducted before the SAG-AFTRA strike began) that she will not mourn the end of “Stranger Things,” which is set to film its fifth and final season once the strike is resolved. “When you’re ready, you’re like, ‘All right, let’s do this. Let’s tackle this last senior year.
The Warner Bros. Discovery (WBD) Max streamer will launch in 22 European countries in spring 2024 and France and Belgium later next year, the media outfit revealed today.