ViacomCBS

Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through the following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films, as well as the company's digital streaming services, CBS All Access and CBSN. The Cable Networks segment includes Showtime Networks, CBS Sports Network, and Smithsonian Networks. The Publishing segment manages Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Local Media segment handles CBS Television Stations and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.

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Paramount+, which has been rolling out to dozens of global territories over the past year, will reach the key European market of France as part of a wide-ranging partnership with Canal+. The news was among a fusillade of announcements today during an investor day, conducted virtually after ViacomCBS (now Paramount) reported fourth-quarter earnings. The strategic...

Paramount+ Confirms Launch In France As Part Of Wide-Ranging Deal With Canal+

ViacomCBS Inc Class B (NASDAQ:VIAC) shares are trading lower by 5.1% at $34.15 during Tuesday's after-hours session after the company reported fourth-quarter adjusted EPS results were down year-over-year. ViacomCBS reported quarterly earnings of 26 cents per share, representing a 75% decrease over earnings of $1.04 per share from the same period last year.

Why ViacomCBS Shares Are Falling In Tuesday's After-Hours Session

ViacomCBS CEO Bob Bakish said the company now anticipates 100 million streaming subscribers in 2024 – well above a previous forecast of 65M-75M, after record ads in the fourth quarter and amid a rebranding of the company to Paramount – (officially ‘Paramount Global' but the company prefers to be called just ‘Paramount'.)

ViacomCBS CEO Bob Bakish Sees 100M Streaming Subs By 2024 As Company Rebrands

When the reality series “The Challenge: War of the Worlds” launches on four continents in June, ViacomCBS Inc aims to test a key component of its streaming strategy - using localized content on broadcast TV to attract subscribers to its Paramount+ streaming service, an executive with the entertainment conglomerate told Reuters.

Exclusive-ViacomCBS's Paramount+ 'thinks local' to go global with streaming

Shares of ViacomCBS Inc. initially dipped 2% in extended trading Tuesday after the media giant reported fiscal fourth-quarter earnings that fell short of Wall Street analysts' forecasts despite a healthy jump in streaming subscribers.

ViacomCBS adds record 9.4 million streaming subscribers in quarter

ViacomCBS is rebranding to become Paramount Global, effective Feb. 16, the latest giant pivot in a rapidly transforming media and entertainment landscape. It's the name of the company's storied studio and its centerpiece streaming network Paramount+, which launched in March of 2021. “An iconic global company deserves an iconic global name. One that reflects the...

ViacomCBS To Rebrand, New Name Is ‘Paramount'

ViacomCBS Inc surpassed fourth-quarter revenue estimates on Tuesday as more people subscribed to its streaming platforms and the media giant posted strong advertising sales.

ViacomCBS beats quarterly revenue estimates on streaming strength

ViacomCBS badly missed Wall Street forecasts for earnings per share in the fourth quarter, but added a record 9.4 million streaming subscribers and smashes revenue projections. Wall Street analysts had expected earnings of 43 cents, but they came in at 26 cents on an adjusted, diluted basis compared with $1.04 in the year-earlier quarter. Revenue...

ViacomCBS Misses Q4 Earnings Forecast But Adds Record 9.4M Streaming Subscribers To Hit 56M

NEW YORK, Feb. 15, 2022 /PRNewswire/ -- Total Company Revenue Increased 16% Year-Over-Year in Q4, Reflecting Growth Across All Revenue Types Quarterly Global Streaming Revenue Grew 48% Year-Over-Year to $1.3 Billion, Driven by Strength in Subscription and Advertising Added a Record 9.4M Global Streaming Subscribers, Overwhelmingly Led By Paramount+, to Reach Over 56M Subscribers in the Quarter, and Achieved 84% Year-Over-Year Growth in Streaming Subscription Revenue Fueled By a Diverse Global Content Offering, Subscriber Acquisition and Consumption on Paramount+ Accelerated - Driven By Original Scripted Dramas 1883 and Mayor of Kingstown ; Family Friendly Films Such As Clifford The Big Red Dog; and Live Sports With The NFL ON CBS Added 10M Pluto TV Global Monthly Active Users (MAUs) to Reach Over 64M and Grew Revenue by 45% Year-Over-Year Strengthened Financial Position by Generating $2.3B of Net Proceeds From Non-Core Asset Dispositions The Company is Hosting Virtual Investor Event Today, Detailing the Momentum of Paramount+ and More STATEMENT FROM BOB BAKISH PRESIDENT & CEO "In the fourth quarter you saw the power of strategy and strength of execution across the company. Our success was evident across all lines of business, and spotlighted by streaming, where we achieved our best quarter ever in streaming subscription growth - more than doubling our subscriber additions from last quarter with a record 9.4M additions, expanding our total global streaming subscribers to over 56M.

VIACOMCBS REPORTS Q4 AND FULL YEAR 2021 EARNINGS RESULTS

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NEW YORK, Feb. 10, 2022 /PRNewswire/ -- ViacomCBS Inc. (NASDAQ: VIAC; VIACA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per share on both its Class A and Class B Common Stock. The dividend will be payable on April 1, 2022 to stockholders of record at the close of business on March 15, 2022.

ViacomCBS Declares Quarterly Cash Dividends

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The Walt Disney Co (NYSE: DIS), Sony Group Corp's (NYSE: SONY) Sony Pictures Networks India, and Viacom18 are companies planning to bid for the rights to the Indian Premier League, the Wall Street Journal reports. Viacom18 is a joint venture between ViacomCBS Inc (NASDAQ: VIAC) and Reliance Industries Ltd.

Disney, Sony, ViacomCBS To Bid For Rights To This Popular Indian Cricket League

ViacomCBS (VIAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: ViacomCBS (VIAC) Q4 Earnings Expected to Decline

CBS News has hired a consulting firm to draw up plans for a corporate slimdown where an executive is the brother of the network's cost-slashing co-president, The Post has learned.

CBS News hires firm of network co-chief's brother to advise on layoffs

ViacomCBS (VIAC) closed at $34 in the latest trading session, marking a +1.77% move from the prior day.

ViacomCBS (VIAC) Gains As Market Dips: What You Should Know

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Comcast Corp (NASDAQ: CMCSA) and ViacomCBS Inc (NASDAQ: VIAC) won full regulatory approval for their new streaming joint venture and plans to launch in more than 20 European markets encompassing 90 million homes starting later this year. Monty Sarhan was named CEO of SkyShowtime earlier this year.

Comcast-ViacomCBS Streaming Wins Scoops Regulatory Approval

LONDON & PHILADELPHIA & NEW YORK--(BUSINESS WIRE)--Comcast Corporation (NASDAQ: CMCSA) and ViacomCBS Inc. (NASDAQ: VIAC, VIACA), today announced that SkyShowtime, their new streaming joint venture, has received full regulatory approval and plans to launch in more than 20 European markets encompassing 90 million homes starting later this year. SkyShowtime CEO Monty Sarhan, said, “We are pleased that SkyShowtime has received all regulatory approvals and are excited to bring this new, unique and c

Comcast and ViacomCBS Announce Full Regulatory Approval for SkyShowtime

ViacomCBS (VIAC) closed the most recent trading day at $33.45, moving +1.46% from the previous trading session.

ViacomCBS (VIAC) Gains But Lags Market: What You Should Know

Content and carriage deals add growth and income. Users are increasing at percentages faster than others in the market.

ViacomCBS: Still Getting It Right

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ViacomCBS (VIAC) and Nexstar Media Group renew affiliation agreement, helping the former reach more households in the United States.

ViacomCBS (VIAC) Renews Affiliation Agreement With Nexstar

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As discussions continue about a potential deal for control of the CW, network co-owner ViacomCBS has renewed CBS affiliate deals in 39 markets with top station group Nexstar. The markets reach a combined 14% of the U.S. viewing audience in 17.4 million households. Following three affiliate agreements that were renewed early last year, this new...

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