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Paramount Global’s advertising-supported streaming service Pluto TV is gearing up to launch more than 50 free advertising-supported streaming television (FAST) channels in Australia. They will become available in “a dedicated branded area on Paramount Australia & New Zealand digital platform 10 Play,” beginning Aug. 31, the entertainment conglomerate said on Wednesday. Calling the offering “a…
Streaming businesses are getting overhauled in the hope of reaching profitability down the line; the advertising market may be stabilizing but has been challenged; Hollywood writers are striking; record cord-cutting has further eaten away at TV networks divisions that once were the big profit centers; companies are going through layoffs to address “macroeconomic” clouds. To…
After Düsseldorf last year and Budapest in 2021, the MTV EMAs will take place in Paris this year, with Paramount Global bringing the music awards show to the French capital for the first time since 1995. “The event will take place in Paris, France, and broadcast live on MTV in over 150 countries on Sunday, Nov. 5,” the company said…
Paramount may have chosen the right year to sit out the annual upfront presentations. In December, the owner of CBS and Paramount+ announced that it would forgo its annual presentation at Carnegie Hall in favor of smaller meetings in the offices of buyers and agencies. While other media companies are just beginning their upfront discussions…
Paramount Global CEO Bob Bakish outlined the studio’s plans to make it through the Writers Guild of America Strike on the company’s earnings call Thursday, saying that Paramount had been preparing for this possibility, including a lineup of new releases and moving production offshore, to get through it. “Writers are an essential part of creating…
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….
Shari Redstone, the chair of Paramount Global and president of National Amusements, will be honored at the Simon Wiesenthal Center and the Museum of Tolerance’s National Tribute Dinner — an annual gathering of many of the most powerful and influential people in Hollywood — with the organizations’ highest honor, the Humanitarian Award, The Hollywood Reporter has learned exclusively. The…
Lionsgate, Warner Bros. Discovery and Paramount Global were among the hit Hollywood stocks of the first quarter of 2023, shaking off investor concerns about such industry challenges as record cord-cutting, getting streaming businesses to profitability and economic clouds darkening the advertising outlook, as well as recent stock market volatility due to the collapse of banks….
Paramount Bets on Unified E-Commerce Site for ‘Star Trek,’ ‘Yellowstone’ and More Merch (Exclusive) Paramount Global is rolling out a mountain of merchandise and joining the e-commerce fray. From Paramount Pictures, CBS, MTV, BET and Comedy Central to Nickelodeon and Showtime, from Top Gun, Transformers, The Godfather, Yellowstone, Star Trek, The Daily Show and Survivor…
Paramount CEO On Rejecting $3B Bid for Showtime: “It Wasn’t That Interesting to Us” Paramount Global CEO Bob Bakish touted more of Showtime’s Billions drama in the pipeline, but doesn’t seem impressed with a recent $3 billion bid for his Showtime division. “There’s been so much comment about the Showtime thing. Yeah, we got an…