Paramount Global posted mixed Q3 numbers as its TV and film divisions slipped, but there was solid subscription growth and profits for streaming service Paramount+. Revenues for Q3 were $6.73 billion (€6.26bn), down 6 per cent YoY. Adjusted OIBDA was up 20 per cent at $858 million. D2C revenue was a high spot, up 10 […]
Research from Ampere Analysis shows that, after four years of major studios employing an exclusivity approach to the distribution of their TV content on streaming, licensing is steadily making a comeback. Analysis reveals that the number of TV seasons cross-licensed between Netflix and Warner Bros Discovery’s (WBD) Max and Discovery+ more than tripled in 2023. […]
Skydance Media CEO, David Ellison, is reportedly considering an all-cash bid for National Amusements, parent company of Paramount Global. Skydance’s existing investors, including The Ellison family (Oracle), RedBird Capital Partners, and Tencent. The intention would be a merger between Paramount Global and Skydance, known for films such as Top Gun: Maverick (pictured), Terminator: Dark Fate […]
Studio giants Warner Bros Discovery (WBD) and Paramount Global are in early merger talks according to reports. A resultant deal would create a company with a market value of some $38bn (€34.7bn). It is understood that WBD President & CEO David Zaslav and Paramount CEO Bob Bakish discussed a possible deal over lunch in New […]
Paramount Global’s streaming division has promoted two content executives to new leadership positions: Jeff Grossman will now take the role EVP of programming for Paramount+ and Amy Kuessner (pictured) will be EVP of programming for Pluto TV. Grossman will oversee content strategy for Paramount+ globally. He most recently was EVP of content and business operations […]
Paramount Global has reported Q3 financial results to September 30th 2023, with strong growth in both DTC revenue and streaming subscribers. Bob Bakish, Paramount Global CEO, commented: “We continue to execute our strategy and prioritise prudent investment in streaming while maximising the earnings of our traditional business. In Q3, we successfully grew Direct- to-Consumer revenue […]
Paramount Global and TV measurement company iSpot.tv have announced an agreement to measure and transact national TV advertising campaigns using iSpot currency metrics across Paramount’s media and streaming properties in the US. The two companies are currently completing technology integrations to enable seamless advertising transactions inside of Paramount’s proprietary and licensed systems. Using iSpot, Paramount […]
Paramount Global has announced the appointment of Lee Sears as Executive Vice President (EVP), Head of International Advertising Sales and Integrated Marketing for Paramount Global. Sears will report to Pam Kaufman, President and CEO of International Markets, Global Consumer Products and Experiences, and to John Halley, President of Paramount Advertising. In this role, Sears will […]
Paramount+ has announced that stars of the hit series Star Trek: Strange New Worlds will join MCM Comic Con’s first ever holographic panel experience for fans in attendance. To celebrate the return of Star Trek: Strange New Worlds with a second 10-episode season on Paramount+, fan favourites Rebecca Romijn (Una Chin-Riley), Ethan Peck (Spock), Celia […]
Club illico, the Canadian SVoD service, has reached a Pay-One licensing agreement with Paramount Global Content Distribution to stream new films from Paramount Pictures’ slate after their theatrical release. Club illico is consequently now the exclusive French Language home for all new Paramount Pictures feature films following their theatrical release in Canada. Future titles to […]