The strategy to license Yellowstone and other major properties to rival streaming services like Peacock and HBO Max, which Paramount Global CEO Bob Bakish has called “unfortunate,” is out the window, according to CFO Naveen Chopra.
03.05.2022 - 14:55 / deadline.com
Paramount+ added 6.8 million subscribers last quarter, as Paramount ended the period with 62 million global streaming subs.
CEO Bob Bakish said the three months “once again demonstrated the power and potential of Paramount’s unique assets and the company’s continued momentum.”
“Our differentiated playbook – including a broad content line up, a streaming business model that spans ad-supported and subscription, and a global portfolio that links streaming with theatrical and television – drove strength across our entire ecosystem… Our strategy is working and our execution is strong, as we remain focused on delivering a great experience for consumers and a compelling financial model to our shareholders.”
Paramount+ total subscribers reached almost 40M.
Other DTC services subscribers declined, primarily due to timing of new programming, the company said.
Paramount+ drove strong global consumption, acquisition and engagement with average titles consumed and hours per active sub improved quarter-over-quarter across all demos. Domestically, Paramount+ saw strong engagement and consumption led by Halo, 1883, Star Trek Picard, live events and the NFL.
Internationally, Acapulco Shore was a top acquisition and engagement driver.
Pluto TV grew global Monthly Active Users (MAUs) to nearly 68M.
The streaming numbers beat expectations. But they dropped into a new world regarding streaming sentiment. The shares are trading lower 1.39% premarket.
The former ViacomCBS is the latest media giant to report its numbers into growing skepticism on Wall Street about the limits of streaming amid the ongoing pivot by companies to make it a centerpiece.
There are now significant jitters about the heavy investment required for a business that may not grow as
The strategy to license Yellowstone and other major properties to rival streaming services like Peacock and HBO Max, which Paramount Global CEO Bob Bakish has called “unfortunate,” is out the window, according to CFO Naveen Chopra.
Bass Reeves, a previously announced limited series produced by Yellowstone co-creator Taylor Sheridan, will now be an offshoot of Yellowstone prequel 1883 at Paramount+. The news was revealed as part of MTV Entertainment Studios’ upfront on Wednesday.
Big broadcaster Tegna is in the home strength of a long and sometimes contentious change of ownership, announcing that its shareholders have approved a sale led by investment firm Standard General.
Total War: Warhammer 3 has received a new update which adds new units and AI improvements, along with a retool of campaigns and factions, and improvements to UI.READ MORE: ‘Elden Ring’ hides From Software’s best lore behind its most formulaic set upSpeaking in a blog post, developer Creative Assembly detailed the massive patch 1.2 update, which adds everything from elite units to smaller stability tweaks. The auto-resolve and mount systems have also been altered slightly.The headline addition is the Regiments of Renown pack, which adds elite, recruitable troops to the game with improved stats and special abilities for use in the Campaign and Battle settings.Seven units have been added in total:Elsewhere in the post, other gameplay changes are detailed.
Four more cases of monkeypox have been found in England, bringing the total number of confirmed cases to seven.
Warren Buffett’s Berkshire Hathaway reported Monday in a securities filing that it has acquired a stake in Paramount Global after acquiring $2.6 billion in Class B shares.
Paramount Global has handed Marco Nobili and Olivier Jollet key new roles as its seeks to turbo-charge expansion of its international streaming services.
EXCLUSIVE: JB Perrette has set his leadership for his global streaming team.
a 200,000 drop in subscribers — its first loss in more than a decade — and warned of steeper declines ahead as layoffs have already begun.“Our strong results in the second quarter, including fantastic performance at our domestic parks and continued growth of our streaming services—with 7.9 million Disney+ subscribers added in the quarter and total subscriptions across all our DTC offerings exceeding 205 million—once again proved that we are in a league of our own,” said Disney Chief Executive Bob Chapek. “As we look ahead to Disney’s second century, I am confident we will continue to transform entertainment by combining extraordinary storytelling with innovative technology to create an even larger, more connected, and magical Disney universe for families and fans around the world.”The announcement ripped through Wall Street, as investors began reevaluating the industry’s aggressive shift into streaming subscriptions.
pic.twitter.com/8GD9BhKt7CLanier “was the epitome of ‘gentle giant,’ always in a good mood… ambassador for the game,” Charles Barkley said Tuesday night during TNT’s coverage of the NBA playoffs. “Just a wonderful man.
It’s Friday again, readers. Jesse Whittock here (for the first time, be gentle), taking you through the week’s top headlines.
AMC Networks hit 9.5 million streaming subs for the first quarter of 2022, up from just over 9 million sequentially and in a newly antsy streaming world recommitted to its long-term goal of 20-25 million subs by 2025.
Jennifer Maas TV Business WriterAMC Networks ended its first quarter of 2022 with 9.5 million streaming subscribers.The new figure, revealed along with the rest of the company’s Q1 financial results on Thursday, is in line with the projection CFO Christina Spade gave in February. At that time, Spade said she expected AMC Networks add 400-500,000 streaming subscribers by the end of March, after reaching more than 9 million subs at the end of 2021.
Paramount Global CEO Bob Bakish said a new Jackass series is in the works based the recent release of the latest film in the franchise.
Jennifer Maas TV Business Writer“Jackass” is heading back to the small screen, with a new series from the original creators in the works at Paramount+ after to the immense popularity of “Jackass Forever.”“Based off the success of ‘Jackass Forever,’ we’re working with the creators to continue the partnership with a new series, bringing even more ridiculous antics straight to Paramount+,” Paramount Global CEO Bob Bakish said Tuesday during the company’s Q1 earnings call Tuesday.“Jackass Forever,” the fourth film in the long-running franchise, debuted at the top of domestic box office in February with a better-than-expected $23.5 million. The film included classic cast members such as Johnny Knoxville, Steve-O, Chris Pontius, Dave England, Wee Man, Danger Ehren and Preston Lacy, as well as several new faces, including Rachel Wolfson, Sean “Poopies” McInerney and Jasper Dolphin.
Paramount+ is to launch in the UK and South Korea next month and will be in India next year, Paramount Global CEO Bob Bakish has revealed in the past hour.
A new “Jackass” series is in the works for Paramount+, with the show’s original creators working to create the new series, Paramount Global CEO Bob Bakish announced Tuesday.No other details were immediately available about the series or whether stars Johnny Knoxville and other original stars would be appearing on screen in the series. “Based off the success of ‘Jackass Forever,’ we’re working with the creators to continue the partnership with a new series, bringing even more ridiculous antics straight to Paramount+,” Bakish said Tuesday during the company’s Q1 earnings call.“Jackass Forever” opened in theaters earlier this year and made $80 million at the global box office.