CBS is finding success in taking its NCIS franchise Down Under.
02.11.2023 - 20:51 / variety.com
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.
Revenue fell 8%, thanks in part to distribution fees that were essentially flat with the year-earlier period and a 14% decline in traditional video advertising. In a statement, Paramount CEO Bob Bakish tried to spotlight the company’s efforts in streaming.
“We continue to execute our strategy and prioritize prudent investment in streaming while
maximizing the earnings of our traditional business,” he said, citing narrower losses at Paramount+, with new subscribers. Paramount expects ” DTC losses in 2023 will be lower than in 2022 – meaning
streaming investment peaked ahead of plan,” he added.
CBS is finding success in taking its NCIS franchise Down Under.
A leading charity says anti-Jewish hate is now 'absolutely the worst seen' in Greater Manchester since it began keeping records. Community Security Trust (CST), which protects Britain's Jewish communities from anti-Semitism, says the problem has soared across the region following the outbreak of conflict in the Middle East on October 7.
This year's I'm A Celebrity campmates are only just settling into jungle life, but two contestants have already had a heated clash despite only being in camp together for two days.
EXCLUSIVE: In a matter of hours, the latest feature from MTV Documentary Films will premiere on Paramount+: A Song Film By Kishi Bashi: OMOIYARI.
EXCLUSIVE: Paramount’s highly-anticipated The Saint reimagining is gaining some serious momentum as sources tell Deadline Doug Liman is attached to direct and oversee the development of the film. Regé-Jean Page will exec produce and star in the pic. Lorenzo DiBonaventura and Brad Krevoy will produce as will the late Robert Evans, who will produce posthumously.
Mixed martial arts outfit Professional Fighters League (PFL) has acquired Bellator from Paramount Global, saying the deal that includes top fighters and creates “a roster now equal in stature to UFC.”
Paramount+ Greenlights ‘The Road Trip‘ Based On ‘The Flatshare‘ Scribe’s Novel
Media, entertainment and tech companies held their own in the top 25 ranking of overpaid CEOs in 2022 by nonprofit As You Sow. Live Nation’s Michael Rapino ($139 million pay package) topped the list, which also included Netflix, Paramount Global and Warner Bros Discovery, as well as Charter, Apple and Alphabet.
Daisy Edgar-Jones, ??p?? Dìrísù and Himesh Patel today joined forces along with other industry experts to decide the next BAFTA EE Rising Star award nominees. The annual award which, in the past has gone to the likes of James McAvoy, Eva Green, Juno Temple, Tom Hardy, Kristen Stewart, Jack O’Connell, Will Poulter, John Boyega, Tom Holland, Daniel Kaluuya, Letitia Wright, Micheal Ward, Bukky Bakray, and Lashana Lynch, will be dished out with the other film BAFTAs early next year.Emma Mackey was awarded the honour earlier this year.Now in its nineteenth year, it stands as the only EE BAFTA Film Awards category to be voted for by the British public, reinforcing EE’s commitment to become the UK’s most personal, customer-focused brand by providing the nation with an opportunity to have their voice heard.
Paramount+ has set premiere dates for June, a new feature doc on country singer-songwriter June Carter Cash from Emmy winner Kristen Vaurio, one of the producers behind the acclaimed Alex Gibney pic Going Clear: Scientology & The Prison of Belief. Set to debut in the U.S. and Canada on January 16, the film will debut one day later in territories including the UK, Australia, Latin America, Brazil, Italy, France, Germany, Switzerland, and Austria.
Lionsgate revenue jumped to over $1 billion in the latest quarter, up from $858 million, driven by a nearly 80% jump in the motion picture division.
Refresh for latest…: Sony Pictures Entertainment saw a 1% gain in profits for the quarter ended September 30 versus the similar period last year. Coming in at $204 million, operating income was also 77% above the first quarter of 2023.
He’s always on country music fans’ minds, and now they’ll have a chance to celebrate him. Willie Nelson’s 90th Birthday Celebration concert special was announced tonight during Nelson’s appearance on The Late Show with Stephen Colbert.
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.
Brian Steinberg Senior TV Editor Sports wasn’t enough to help Fox Corp. get to its goals. The owner of Fox News Channel and the Fox broadcast network said profit fell in its first fiscal quarter as robust results generated by its showing of the FIFA Women’s World Cup were offset by declines in its cable operations, where subscribers and advertising revenue fell.
Paramount Combines Streamers Pluto & My5 In UK
Joe Otterson TV Reporter “Joe Pickett” has been canceled at Paramount+ after two seasons, Variety has learned. The drama series was originally commissioned by Charter Communications’ Spectrum Originals in early 2021. The first season aired on that platform beginning in December 2021, with Spectrum announcing a second season order in February 2022.
Zee-Sony Merger Back On Track
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.
Some movie theaters are implementing intermissions during screenings of Martin Scorsese‘s Killers of the Flower Moon, prompting Apple and Paramount to intervene.