#Paramount+ Hits 60M Subs as Paramount Streaming Losses Widen to $511M; Company Takes $1.67B Programming Charges, Cuts Dividend
Paramount Global reached 60 million Paramount+ streaming subscribers worldwide as of the end of March, a gain of 4.1 million from nearly 56 million as of the end of 2022. But the Hollywood conglomerate on Thursday posted a swing to a first-quarter loss amid a wider streaming loss and an 11 percent TV advertising revenue drop….